Reliance Consumer Products firm acquires SIL Foods
Bengaluru-based Reliance Consumer Products Limited (RCPL) has announced the acquisition of Mumbai-based SIL Foods for an undisclosed sum. This acquisition marked a significant milestone for RCPL in its pursuit of building a futuristic business with a solid foundation, the company said in a statement on Wednesday. “Reliance Consumer Products is
Critical of dynasty politics, Nitish Kumar to now welcome son into JDU? Nishant likely to join politics after Holi
Bihar Chief Minister and Janata Dal (United) chief Nitish Kumar who has time and again taken swipe at his opponents over dynasty politics may just induct his son, Nishant, into the party. According to a report, persons privy to the developments have said that Nishant Kumar is likely to join
India’s exports to U.S. up 5.57% to $60 bn in April-December FY25
Representative image | Photo Credit: Reuters India’s exports rose by 5.57% to $59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data. During December, the shipments increased by 8.49% to $7 billion, the data showed. On the other
Windfall for Telangana at Davos as Sun Petrochemicals to invest ₹45,500 crore
Telangana Chief Minister A. Revanth Reddy with AP Chief Minister N. Chandrababu Naidu and Maharashtra Chief Minister Devendra Fadnavis at the World Economic Conference in Davos, Switzerland on Wednesday. The third day of the World Economic Forum saw a windfall for Telangana as the government signed MoUs worth thousands of
Rupee declines 5 paise to 86.40 against US dollar in early trade
The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday (January 23, 2025) amid a strengthening greenback. While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it
World Economic Forum 2025 Day 4 highlights
U.S. President Donald Trump, addressing the World Economic Forum in Davos, Switzerland, via video link on Thursday, accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, but offered no evidence or specifics of any wrongdoing. “I hope you start opening your bank
NRAI to approach CCI over ‘private labelling’ by Zomato, Swiggy
Queries sent to Swiggy and Zomato remained unanswered. File | Photo Credit: Special arrangement The National Restaurant Association of India (NRAI), which represents half a million eateries nationwide, said it will approach Competition Commission of India (CCI) over “private labelling” by Zomato and Swiggy and their foray into quick commerce
Business journey observability platform VuNet Systems raises ₹60 crore in Series B round
From left – Bharat Joshi, Jithesh Kaveetil and Ashwin Ramachandran | Photo Credit: Special Arrangement VuNet Systems, a provider of AI-based Business Journey Observability, said it has raised ₹60 crore in a Series B funding round to accelerate global expansion and strengthen product innovation. The round was led by Pravega
U.S. sanctions hit Russian oil supply to India; BPCL says supplies may be impacted
Russian oil made up for 34-35% of all oil that BPCL processed at the start of the current financial year in April 2024 | Photo Credit: Reuters The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned
Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks
A view of the BSE building in Mumbai | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets. In