Over the past year, Amul has undergone a transformative journey, evolving from a dairy-centric entity to a comprehensive foods company. Since 2022, PepsiCo India, too, has embarked on extensive launches in the food category. Not to be left behind, ITC, which has been introducing an average of 100 fast-moving consumer goods (FMCG) products across categories every year, has also launched a number of packaged food items.
India's industrial production growth rose to a 14-month high of 10.3 per cent in August, mainly due to good show by the manufacturing, mining and power sectors, according to the official data released on Thursday. The factory output growth measured in terms of the Index of Industrial Production (IIP) had contracted by 0.7 per cent in August 2022. The previous high was recorded at 12.6 per cent growth in June 2022.
Bangladesh has no concerns about Adani Group's ability to supply power from a plant in Jharkhand, said Tawfiq-e-Elahi Chowdhury, adviser to the country's prime minister on energy. Speaking on sidelines of the India Energy Week in Bengaluru, Chowdhury, who holds ministerial rank, said talks with Adani on the supply are private and can't be made public. "Electricity will come very timely. Summer peak is coming and that 600 MW of Adani Power is very helpful," he said.
Most analysts have downgraded the stock of SBI Cards and Payments (SBI Card) as the credit card issuer posted weak results during the December quarter (Q3) of financial year 2023-24 (FY24). The sub-par show, analysts said, was for the eighth straight quarter. With this, they have slashed their earnings estimates by as much as 20 per cent over FY24-26 amid near-term pressure points in the company's growth outlook.
Legendary fast bowler Wasim Akram asked PCB to delete and apologise to fans for making a commemorative video clip without featuring Imran Khan.
The country's biggest bank SBI on Friday posted over two-fold jump in standalone net profit at Rs 16,884 crore for the first quarter of the current financial year, helped by decline in bad loans and improvement in interest income. State Bank of India (SBI) had reported a net profit of Rs 6,068 crore in the April-June quarter of 2022-23. The bank's total income increased to Rs 1,08,039 crore in the first quarter of 2023-24, as against Rs 74,989 crore in the same period a year ago, as per the regulatory filing.
Trinamool Congress leader Mahua Moitra was expelled on Friday from the Lok Sabha after the House adopted the report of its Ethics Committee that held her guilty of accepting gifts and illegal gratification from a businessman to further his interest.
SBI Q3FY24 result review: A higher-than-factored weakness in the October-to-December quarter (Q3) results of State Bank of India (SBI), for financial year 2023-24 (FY24), has prompted brokerages to cut earnings estimates for the ongoing financial year. They, however, have maintained 'Buy' ratings on the stock, revising target price upwards in some cases, owing to the stock's recent underperformance relative to its peers.
Kharge termed the high-level committee constituted by the Centre to examine the feasibility of 'One Nation, One Election' a 'gimmick' and alleged the Modi government wants to slowly replace democracy in India with dictatorship.
Meanwhile, ED officers faced resistance again during the arrest of TMC leader and former Bongaon Municipality chairman Shankar Adhya on the intervening night of Friday and Saturday.
The feisty TMC boss also accused the CPI-M of ruining her party's relationship with the Congress, its ally in the Opposition bloc INDIA at the national level.
The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at Rs 16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. In the January-March quarter of 2021-22 financial year, State Bank of India's net profit on standalone basis was Rs 9,113.53 crore. During the March quarter of 2022-23 fiscal, the bank's interest income rose 31 per cent to Rs 92,951 crore, SBI said in a regulatory filing.
Lok Sabha Speaker Om Birla on Wednesday ordered a high-level inquiry into the incident of two persons jumping into the house chamber from the public gallery with smoke canisters.
The Union Cabinet on Tuesday gave its nod to the Government of National Capital Territory of Delhi (Amendment) Bill, which will replace the ordinance promulgated by the Centre on May 19.
'In him resides a fierce lion of an actor who would have made Stanislavsky proud.' 'With Rocky he started with his body, his hair, his clothes; then his walk, his language, the constant listening to Punjabi hip hop and before long we couldn't differentiate between Ranveer and Rocky.'
The Cabinet Committee on Economic Affairs on Wednesday approved seven multi-tracking projects of Indian Railways at an estimated cost of around Rs 32,500 crore, Union minister Ashwini Vaishnaw said. The proposed projects, which will be fully funded by the Centre, will help increase the existing line capacity, smoothen train operations, reduce congestion and facilitate ease of travelling and transportation. The projects covering 35 districts in nine states -- Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, Maharashtra, Gujarat, Odisha, Jharkhand and West Bengal -- will increase the existing network of Indian Railways by 2,339 km and provide employment of an estimated 7.06 crore man-days to the people of the states.
Sukanya Verma's OTT recommendations this week.
Sources said senior leaders of the party have been told to reach out to other leaders of the alliance and talks with some parties have begun.
The bypoll on September 5 is also a litmus test for all three political outfits, with the BJP hoping to check its erosion in its vote share and retain the seat, the TMC aiming to wrest the tribal-dominated assembly segment and the CPI(M)-Congress alliance hoping to regain its traditional seat.
External Affairs Minister S Jaishankar on Monday strongly objected to the use of the term pitai (beating) by former Congress chief Rahul Gandhi while referring to the India-China clash in Tawang, and asserted that our soldiers have stood their ground in Yangtse in Arunachal Pradesh and should be "appreciated and honoured".
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
The Supreme Court on Friday refused to interfere with a plea of former Jharkhand Chief Minister Hemant Soren challenging his arrest by the Enforcement Directorate in money laundering case.
Chowdhury, the leader of the Congress party in the Lok Sabha, claimed that his account was hacked as he was delivering a speech at a party office in West Bengal's Murshidabad district when the social media post was made.
Both Lok Sabha and Rajya Sabha did not see a debate on the Manipur violence, but Prime Minister Narendra Modi and Home Minister Amit Shah spoke on it during their addresses on the no-confidence motion.
Manufacturing activities in India fell to a five-month low in September as new orders rose at a softer pace, which tempered production growth, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell to 57.5 in September, down from 58.6 in August -- the lowest in five months. The September PMI data pointed to an improvement in overall operating conditions for the 27th straight month.
Bajaj Auto's market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday's (January 9) intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion.
In a memorandum submitted to Manipur Governor Anusuiya Uikey, the 21 opposition MPs who signed the document demanded urgent rehabilitation and resettlement of the affected people to bring peace and harmony to the state.
As the adjournment of Parliament for an indefinite period with the Rajya Sabha also adjourning sine die kickstarts the final countdown for the general elections, Modi said the last five years were a period of "reform, perform and transform" with the country moving towards "big changes" at a fast pace.
Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April. In June 2020 WPI was at (-) 1.81 per cent.
The demonstration was held by the protesting school job aspirants at Camac Street in South Kolkata, where TMC national general secretary Abhishek Banerjee's office is located.
A 25 per cent year-on-year (Y-o-Y) increase in budget allocation towards the roads sector for FY24 has led to renewed interest among investors. However, a combination of escalating costs for Bharatmala and unseasonal rains to some extent have impacted progress. Bharatmala's cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the finance ministry has asked MoRTH to go slow until Cabinet approval is received.
As BJP leaders went all out to project the event as a moment of national pride, some leaders were directly critical of the ceremony with Chief Minister Pinarayi Vijayan, belonging to the Communist Party of India-Marxist, slamming the state's role in the Ram Temple consecration, saying the line that demarcates religion and state seems to be 'getting thinner and thinner'.
Proceedings in both Houses of Parliament remain disrupted from day one of the Monsoon session with the opposition parties demanding a statement by Prime Minister Narendra Modi on the Manipur violence before a discussion.
"The people are completely frustrated with this government. Now, people are raising their voice, they are saying that everyone (political parties) will have to come together under Congress' leadership to fight against them (BJP)," he added.
This is the first bill passed by the Lower House of Parliament in the Winter session, which began on Monday.
The INDIA bloc has 95 MPs in Rajya Sabha of which 45 were suspended on Monday.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. A year later, in 2015, it started operations. Bandhan's entry into banking was seen as a vote of confidence by the Reserve Bank of India (RBI) for the country's microfinance sector. Subsequently, the RBI awarded small finance bank licences to nine MFIs.
The opposition parties, which have demanded the strictest action including suspension of Bidhuri for his "vile and communal" remarks during a discussion on the success of Chandrayaan-3 in Lok Sabha on Thursday, hit out at the BJP, alleging that it was trying to defend its MP instead of punishing him.
S&P Global Ratings on Monday retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience. "We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines, S&P Global Ratings said in its quarterly economic update for Asia-Pacific.
