Consumer products makers are hopeful of easing of inflationary pressures in the coming weeks with the inking of an initial peace deal between Iran and the US. Players said there…
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Chennai Petroleum Corporation gets Navratna status
Chennai Petroleum Corporation Limited (CPCL) will now be a ‘Navratna’ central public sector enterprise (CPSE), Finance Ministry announced on Friday. “Union Finance Minister has approved the upgradation of Chennai Petroleum…
India’s gems and jewellery exports decline 2.49% in May amid high gold prices
India’s gems and jewellery exports declined by 2.49 per cent year-on-year in May to USD 2,047.89 million (Rs 19,573.96 crores) following high gold prices and supply constraints, the Gem and…
Flipkart, Myntra see resilient demand despite consumption concerns: BofA
Walmart-owned Flipkart and fashion marketplace Myntra continue to show strong consumer engagement despite broader concerns around slowing discretionary spending, according to a report by Bank of America (BofA), which said…
SpiceJet secures first tranche of ECLGS funding; receives ₹150 crore from Bank of India
Budget carrier SpiceJet has secured the first tranche of funding under the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS), with the airline receiving around ₹150 crore from Bank of India…
Centre plans to tap worker cess to fund on-site housing for construction workers
The union ministry of housing and urban affairs is working on a new scheme to incentivize builders and developers to provide on-site housing for construction, union minister Manohar Lal said…
Jio Platforms IPO could trump NSE’s as India’s biggest ever
Jio Platforms Ltd, the digital arm of Reliance Industries Ltd, on Friday filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), kicking off…
As war pressures ebb, edible oil prices may ease 10% ahead of the festive season
New Delhi: With the West Asia war drawing to an end, India may see retail prices of edible oils easing by up to 10% in the coming months and then…
Urban Harvest in talks to raise ₹300 crore at ₹1,500 crore valuation
NEW DELHI: Urban Harvest, a B2B food-tech startup that supplies food ingredients, fresh produce and automated coffee machines to restaurants and cloud kitchens, is in advanced talks to raise about…
Basmati rice exports to West Asia poised for rebound after US, Iran sign peace deal
India’s basmati rice exports to West Asia are expected to recover in the coming months after the US and Iran signed a peace agreement that includes the reopening of the…