India may need to increase retail fuel prices if the conflict in the Middle East drags on, Reserve Bank of India Governor Sanjay Malhotra said. His remarks came after Prime…
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Cipla misses Q4 profit view on weak US sales
Cipla, India’s third-largest drugmaker by revenue, reported a weaker-than-expected fourth-quarter profit on Wednesday, dragged by weak sales amid stiff competition in its key US market. The drugmaker’s consolidated net profit…
India wheat procurement tops 30-million tonne mark, heading towards target of 34.5 mt
Wheat procurement this season has exceeded the 30 million tonne (mt) mark and is heading towards the target of 34.5 mt. For the first time this year, overall purchase has…
Maruti Suzuki crosses 30-lakh car dispatches through railways
on Wednesday said that it has achieved a significant milestone by cumulatively dispatching over three million (30 lakh) vehicles through railways, demonstrating its commitment to green logistics. Over the past…
Marked increase in regulatory burden on food processing sector: Teamlease Regtech founder
The regulatory burden on the food processing sector has increased significantly over the last decade due to stronger food safety oversight, tighter packaging and labelling requirements, higher traceability expectations, environmental…
GJEPC says higher gold import duty may raise prices, fuel smuggling and hurt MSME exporters
Pointing out that hiking import duties has historically failed to meaningfully curb gold imports, Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday said the government’s latest move may only…
Nestlé India launches Nespresso store in Mumbai
Nestlé India has announced the next step in its retail expansion with the launch of its first-ever Nespresso store in Mumbai at Jio World Drive, Bandra Kurla Complex. This is…
Malabar Gold & Diamonds seeks measures to support Gold Monetisation Scheme
Malabar Gold & Diamonds has submitted a comprehensive proposal to the Government recommending strategic enhancements to the Gold Monetisation Scheme (GMS). The jeweller appealed for responsible gold consumption and the…
SpiceJet moves Supreme Court against ₹144.5 crore deposit order in Maran dispute
NEW DELHI: Budget carrier SpiceJet has moved the Supreme Court challenging a Delhi High Court order directing the airline to deposit ₹144.5 crore in its long-running dispute with Kalanithi Maran…
Sugar Cosmetics seeks ₹100-150 crore rescue funding at steep valuation cut
MUMBAI: Sugar Cosmetics, once among India’s fastest-growing beauty startups, is seeking a sharply discounted funding round after an aggressive offline expansion and slowing sales growth strained its finances, according to…