Urban areas facing strain due to sluggish demand: Nestle
NEW DELHI: The FMCG sector is facing a muted demand, with growth in F&B (food and beverage) declining to 1.5-2% as against double-digit expansion some quarters ago. Urban areas are facing significant strain due to sluggish demand, with the middle segment, where most of the FMCGs (like us) used to
‘No Smoking’ Sign on Planes Won’t Need Off Switch After FAA Rule Change
The Federal Aviation Administration did away with a rule that had required an off switch for the sign even though smoking on U.S. flights ended years ago. Source link
Denied exemption, Sebi chief Madhabi Buch set to appear before PAC tomorrow | India News
NEW DELHI: After much suspense, Sebi chairperson Madhabi Buch is scheduled to appear before the Public Accounts Committee of Parliament on Thursday, a meeting that on agenda is slated to be a performance review of the top regulator, but which may result in fireworks over its functioning as well as
ICICI Prudential Life’s Q2 profit rises to Rs 252 crore
ICICI Prudential Life Insurance Company reported a 3 per cent rise in its net profit for the September quarter, reaching Rs 252 crore, compared to Rs 244 crore in the same quarter last year.Its total income rose to Rs 25,229 crore, up from Rs 17,436 crore during the same period
Waaree Energies’ IPO receives 8.78 times subscriptions on Day 2
Solar panel maker Waaree Energies Ltd on Tuesday received 8.78 times subscriptions on the second day of its initial public offering share sale. As per NSE data, against the 2,10,79,384 shares on offer, the Rs 4,321.44 crore initial share sale received bids for 18,51,56,208 shares.The non institutional sector investor garnered
Despite Global Crises, Gas Prices Slide as U.S. Election Nears
Fuel prices, which had soared after Russia’s invasion of Ukraine, have dropped to their lowest level since February. Source link
IMF says India’s GDP growth to moderate to 7% in 2024 and 6.5% in 2025
NEW DELHI: The International Monetary Fund has forecast that India’s GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. It said that this was because the pent-up demand built up during Covid had been depleted as the economy is resuming
Mike Jeffries, Former Abercrombie CEO, Arrested in Sex Trafficking Case
Mr. Jeffries and two others were arrested in connection with a federal sex-trafficking and interstate prostitution investigation. Source link
PM Modi & his Spanish counterpart to inaugurate C-295 FAL in Vadodara on October 28
NEW DELHI: Prime Minister Narendra Modi & Spanish PM Pedro Sánchez will jointly inaugurate the final assembly line (FAL) of the Tata Advanced Systems C-295 aircraft facility in Vadodara on Oct 28. This is a major milestone for India’s defence manufacturing sector and strengthens the growing relationship between India and
Sensex gains 183 points, Nifty inches up amid mixed market trend
NEW DELHI: The Indian stock market opened on a subdued note on Tuesday, mirroring the weak global sentiment and carrying forward the impact of Monday’s decline. The Sensex gained a modest 183.87 points to start at 81,335.14, while the Nifty inched up by 31.55 points to open at 24,812.65. The