Business News

After being forced to raise prices by 20-23%, Britannia has started implementing price cuts as some commodities prices have started declining.

Zhang Hongli previously served as the vice chief of the Industrial and Commercial Bank of China (ICBC), one of the world's largest banks.

Expansion of routes will be aided by deliveries of more than 30 widebody and narrowbody aircraft to its fleet

In April 2023, the US-tech giant Apple opened two stores in India at Mumbai and Delhi.

In a bid to make India an electronic manufacturing hub, the government came up with an incentive scheme for large electronics.

Zomato said the gross over value (GOV) growth in its core food delivery vertical was almost entirely led by growth in order volumes, while the average order value was largely flat.

Nationwide Digital Life Certificate Campaign 2.0 is being organized at 500 locations in 100 cities in all States/ UTs of India.

ICL’s losses continued after the company’s plans to raise working capital from selling land parcels didn’t materialize.

The most important objective going forward will be to get all of the recently added projects launched in the upcoming quarter, the company management said.

After getting overwhelming response for the PLI scheme for mobile manufacturing, the government came up with a revised Rs 17,000 crore PLI scheme for IT hardware in May 2023.

In a trend also seen in case of others FMCG players, Godrej Consumer Products reported strong demand for premium and urban-centric products, while mass offerings continued to suffer from poor demand

 Mumbai/New Delhi: REC limited, a ‘Maharatna’ company under the Ministry of Power, and registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC), on Wednesday,…

He said its strategy is to focus on the “low investment” part of the supply chain. As per him, designs can be patented making the business more valuable.

The decision has been well-received by the industry experts, who believe this move will provide Indian companies more flexibility and access to overseas funds.

Investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision. Bharti Airtel, UltraTech Cement, Infosys, Mahindra & Mahindra, JSW Steel and Maruti were among the laggards.

This follows an earlier round of Rs 225 crore that it raised in April 2023 led by Amicus Capital, which has also participated in the current round through its affiliates.

Total expenses stood at Rs 46,444 crore and employee benefit expenses stood at Rs 2,199 crore compared to Rs 1,578 crore in the previous fiscal.