ITC's noodle brand has been caught in the Maggi crossfire.
Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook. "Now we have a 50 basis points rate cut (in two tranches within two months) and I think that is good for the economy and all rate cuts benefits... If the outlook is looking good, the rating agencies should draw their lessons from that om improving the outlook," Subramanian told reporters. After presentation of Union Budget 2015-16 last week, global and domestic agencies had ruled out any immediate upgrade in India's sovereign ratings and had red-flagged the country's delayed fiscal consolidation roadmap and had also warned against any slippages from the "ambitious" disinvestment plan proposed in Budget. Subramanian said that the rate cut is consistent with the government's views in the last week's Economic Survey and thereafter in the Union Budget for the outlook on inflation and for the outlook on overall economy. "It (rate cut) shows that RBI and government are on the same page in terms of how we view the economy. It also means that Budget can be seen as conducive to non-inflationary growth," he added. On monetary policy framework agreement, Subramanian said that both Finance Ministry and RBI have shared concern about inflation. Recently, the Finance Ministry and the Reserve Bank agreed to 'inflation rate targeting' under which the apex bank will aim to lower retail inflation to below 6 per cent by January 2016.
It is watching e-commerce policy fineprint before spelling out India plan
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Despite presiding over scores of factories in what is today India's largest garment exporter with 105,000 employees, Ahuja is a modest man with much to be immodest about. He tells Rahul Jacob that the government needs a free trade agreement with Europe fast to ensure a level-playing field with Bangladesh and Vietnam.
It hopes to leverage the growing number of mobile transactions
The country had imported 5.5 million tonnes of pulses last year.
Every competitor is eyeing the top slot that Flipkart holds.
Spends by e-commerce players have now touched Rs 1,000 crore.
E-commerce companies typically stick to the gross merchandise value run rate to calculate sales.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Rates to go up as Delhi power regulator works out plan to liquidate past dues.
Though the markets have lost ground since the past few sessions, analysts do not seem worried.
Almost two years after it entered India, global fashion retailer Gap struggles to keep up with rivals Zara and H&M.
The deal that promises to make Flipkart a leading force in fashion segment - estimated at Rs 3 lakh crore - came after hectic weekend parleys.
Top Aam Aadmi Party leaders Shazia Ilmi and Captain Gopinath resign.
Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection, and time lag
Reliance had been trying to bring the brand back to the forefront recently, after years of lull, through new ad campaigns highlighting a youthful range, called Unformal, in workwear.
Burger King's entry is expected to heat up the burger chain market in India, dominated by McDonald's.
The beauty queen turned actor talks about her new athleisure start-up.
The RBI Governor brought down retail inflation to 3.8% in July.
'What exists instead is a clear gap between skilled people and the work at hand.' 'Employers on most occasions find it difficult to find a match between the two,' Adi Godrej tells Viveat Susan Pinto and Niraj Bhatt.
What is the wider political strategy behind Mr Modi's concerted attack on black money, asks Subir Roy.
Much of the rise in prices has been in food items
Feedback has led the brand to ramp up its shirts collection, despite the popularity of its polo t-shirts.
Age and experience not less relevant but firms are gradually moving towards younger leadership teams
Can the poll outcome be a trigger for a meaningful correction?
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Indian e-commerce companies in particular have been using their Facebook pages extensively to reach out to as many consumers as possible, apart from paid advertisements.
The rarity of comic books in mint condition or nearly perfect ones, and the rising demand, have caused the prices to spiral internationally.
The first step in your order of priority should be to pay off any high-cost debt you might have incurred.
Releasing its 70-point programme, Kejriwal called party's manifesto 'holy'.
The privately-owned Hangzhou-based group, which has been in news for its impending IPO, is already sourcing human hair from the southern regions of India and has identified this category as a 'big opportunity', along with others like machinery, agro products, apparel and spices.
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Kejriwal has shown once again that a political party once mandated to ensure governance cannot act the same way it did before assuming power.
The Finance Ministry on Thursday said the growth rate in the current financial year will accelerate to 5.8 per cent, better than previous estimates, saying the green shoots of economic recovery are now visible.
In first major growth in 5 years, 2,000 advertisers were added in Jan-Sep 2015.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
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