The government on Friday said it will not increase prices of domestic cooking gas (LPG) and kerosene despite the Budget cutting to half the subsidy on the two mass consumed cooking fuels from April 1.
Spurred by over 30 per cent jump in India's trade with China, the bilateral exports and imports are expected to touch $10 billion mark soon, Maharashtra Governor Mohamad Fazal said on Thursday.
National Pharmaceutical Pricing Authority has for the first time fixed the prices of 27 formulation packs including 'Livadex' injection and 'Lederplex T liquid'.
IBM India has posted a revenue marketshare growth of 7 per cent in the country's overall server market and grew by over 100 per cent on a year-on-year basis in second-quarter of 2003, according to International Data Corporation.\n\n\n\n
Reebok India on Friday said it has set a Rs 250 crore (Rs 2.5 billion) sales turnover target for the current calender year, up by 50 per cent over last year, and plans to open another 20 exclusive showrooms across the country.
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
The per capita income of Indians continued its climb up the ladder, increasing 11.1 per cent in 2004-05 to Rs 23,308 (at current prices) compared to Rs 20,989 in 2003-04.
Indian film industry lost Rs 300 crore (Rs 3 billion) on gross revenues of Rs 3, 900 crore (Rs 39 billion) during 2002, Rajya Sabha was informed on Monday.
The wireless in local loop services will cost more as a result of the latest order by the Telecom Regulatory Authority of India to enhance the rates of basic telephones from April one.
