African, Asian tea producers flag concerns over global demand-supply mismatch
Associations of tea producers in Asia and Africa have flagged concerns over the global mismatch of demand and supply and called for an early restoration of equilibrium, according to a statement issued by a planters' body on Friday. In a meeting of the stakeholders of the global tea industry, recently held...
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Sun Pharma inks pact with Takeda to introduce gastrointestinal drug
22 June 2024 | PTI -
More than 50 per cent Indian households downing soft drinks; to increase with intensifying heat: Report
22 June 2024 | PTI -
POWERGRID team honoured
22 June 2024 | PNS -
Zepto raises USD 665 million; valuation nearly triples to USD 3.6 billion
22 June 2024 | PTI -
RAI's Budget wishlist: Lower taxes for individuals, benefits on land rates, electricity
22 June 2024 | PTI -
Rural India bright star for FMCG sales, says Kantar
22 June 2024 | PTI -
Gold surges Rs 800; silver rallies Rs 1,400
22 June 2024 | PTI
Markets halt record-breaking rally
Halting their record-breaking rally, equity benchmark indices Sensex and Nifty buckled under selling pressure on Friday as investors pared exposure to oil & gas, capital goods and FMCG stocks amid a bearish trend in global markets. However, recent foreign capital inflows and buying in index majors Bharti Airtel, Infosys and TCS...
Warburg Pincus-backed Avanse Financial files draft papers for Rs 3,500-cr IPO
Avanse Financial Services Ltd, an education- focused non banking financial company, has filed preliminary papers with Sebi to raise Rs 3,500 crore through an initial public offering (IPO). The company, promoted by Olive Vine Investment Ltd, an affiliate of private equity major Warburg Pincus, proposes to use the funds to increase...
Nifty hits fresh record peak; Sensex climbs over 300 points in early trade
Benchmark equity indices rallied in early trade on Friday, with the NSE Nifty hitting a fresh all-time peak, helped by buying in IT stocks and continuous foreign fund inflows. The 30-share BSE Sensex climbed 329.52 points to 77,808.45 in early trade. The Nifty went up by 100.1 points to hit a...
Sebi orders Religare to seek regulatory approvals for Burman family open offer
Markets watchdog Sebi has ordered non-banking financial company Religare Enterprises (REL) to seek statutory approvals from regulatory authorities for an open offer by Dabur India promoter Burman family before July 12. The Burman group accused Religare's board and its Chairperson Rashmi Saluja of obstructing the open offer. Meanwhile, Religare argued that...
Not acting on unsecured lending could have created bigger problem; RBI actions slowed growth: Das
RBI Governor Shaktikanta Das on Thursday said not acting on unsecured lending could have created a "bigger problem", and RBI's actions on such practices have had the desired impact of slowing down growth in the riskier segment. Addressing an international conference on financial resilience at the RBI's College of Supervisors here,...
India's seafood exports up in volume terms in 2023-24: Commerce Ministry
India's seafood exports have recorded a growth of 3 per cent in volume terms, but a decline of about 8 per cent in value during the last financial year, according to the data of the commerce ministry. Exports in volume terms have increased to 17,81,602 MT (tonnes) worth USD 7.38 billion...
Air India to launch premium economy class on select domestic routes from July
Air India on Wednesday said it will launch premium economy class on select domestic routes from next month. As of now, Vistara is the only Indian carrier, which offers premium economy-class travel on its domestic routes. "Air India today unveiled a three-class configuration on its newly inducted narrow-body aircraft. Air India's A320neo...
