AI-generated image (Credit: Lexica) As global markets grapple with uncertainty and turmoil, India has emerged as a positive outlier for multinational consumer goods firms, even amid a slowdown in urban demand. Senior executives from leading companies — including Unilever, Procter & Gamble (P&G), Pernod Ricard, Reckitt, PepsiCo, Heineken, and L’Oréal — have highlighted India’s significant…
NEW DELHI: The Government has released regulations for applications under the Rs 23,000-crore Electronics Components Manufacturing Scheme (ECMS), aimed at boosting domestic value addition in electronics production.Union Electronics and IT MinisterAshwini Vaishnaw revealed that firms with strong local design capabilities and ‘six sigma’ quality standards will be key evaluation factors. Companies lacking domestic design teams…
NEW DELHI: Mahindra & Mahindra Ltd on Saturday said it has entered into an agreement to acquire almost 59% stake in heavy-vehicle maker SML Isuzu (SML) at Rs 650 per share, which will entail an outlay of Rs 555 crore.As part of the transaction, M&M would acquire the entire stake of nearly 44% held by…
File photo- S P Singh Baghel (ANI) India needs stronger veterinary infrastructure and skilled professionals to support its rural economy, Union Minister of State for Fisheries, Animal Husbandry and Dairying S P Singh Baghel said on Saturday.Speaking at a national workshop on the occasion of World Veterinary Day, Baghel described veterinarians as “the backbone of…
NEW DELHI: India has successfully lifted 171 million people out of extreme poverty in the decade spanning from 2011-12 to 2022-23, according to the World Bank‘s latest “Poverty & Equity Brief.”The report reveals that extreme poverty, defined as living on less than USD 2.15 per day, fell from 16.2% in 2011-12 to 2.3% in 2022-23….
Foreign investors have pulled an estimated $63 billion from US equities since the beginning of March, according to Goldman Sachs strategists, who warn that the trend could pose risks to equity valuations. In a note to clients, the team led by Daniel Chavez pointed to high-frequency fund flow data showing that European investors have been…
Union Minister Ashwini Vaishnaw Electronics component manufacturers will need to establish in-house design teams and achieve Six Sigma quality standards to benefit from the government’s Electronics Components Manufacturing Scheme (ECMS), Union Minister Ashwini Vaishnaw said on Saturday.Speaking at the launch of the ECMS guidelines portal, Vaishnaw emphasized that while these requirements are not part of…
MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 6% increase in quarterly profit to Rs 22,611 crore on Friday. This was driven by the strong performance of its digital and retail businesses, which offset the weakness in its traditional oil-to-chemicals (O2C) unit.Revenue totalled over Rs 2.64 lakh crore, up about…
Cholamandalam Investment and Finance Company Ltd, the financial services arm of the Murugappa Group, posted a consolidated profit after tax (PAT) of Rs 1,259.54 crore for the January–March 2025 quarter, marking an 18% increase from Rs 1,065.23 crore in the same period last year.For the full financial year ending March 31, 2025, PAT rose to…
Bank holidays April 2025: According to the Reserve Bank of India’s (RBI) schedule, all banks in the country, including public and private sector institutions, shall be closed on Saturday, April 26, 2025.Bank customers should organise their banking requirements beforehand to prevent any difficulties. Are banks closed on April 26, 2025? It’s a bank holiday on…
