Packaged tea consumption in India has been under pressure due to inflation across the consumption basket coupled with higher tea prices. This is forcing tea drinkers to downtrade, especially in rural areas. Milk prices have also gone up and this has impacted tea consumption along with delayed winters in the north, companies have said. NIQ (formerly known as NielsenIQ) data shows that the packaged tea category grew around 4 per cent in value and volume terms in 2022 compared to 2021.
The Supreme Court on Friday said there should be a robust mechanism to ensure that the interests of Indian investors are protected in the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and "artificial crashing" of the Adani group's stock value.
Monthly systematic investment plan (SIP) flows into India have held steady above Rs 13,000 crore in 2022-23 (FY23) in the face of markets delivering muted returns in 18 months. However, it is not a rose-tinted view when it comes to viewing new SIP registrations and the cessation of existing ones. The ratio of SIPs stopped as a percentage of fresh SIPs registered (called SIP stoppage or closure ratio in industry parlance) stood at 56 per cent in the first 11 months of FY23, compared with 41 per cent during the same period of 2021-22 (FY22).
The Enforcement Directorate on Thursday arrested Aam Aadmi Party leader and former deputy chief minister Manish Sisodia on money laundering charges in connection with alleged irregularities in the Delhi excise policy, official sources said.
'You know the kind of force involved in all of this. They are not good for the country where all of this will happen.'
Having successfully executed the merger with parent HDFC, HDFC Bank's managing director and chief executive Sashidhar Jagdishan on Saturday said the country's largest lender aims to double every four years. In a letter to the over 4,000 employees from HDFC who joined the bank's rolls on Saturday, Jagdishan said the future is bright, and the work on realising the potential of the merger starts now. "The runway for financial services and mortgage, which are so underserved and under penetrated, is going to be very large. HDFC Bank - the combined entity - with a large and growing distribution and customer franchise, more than adequate capital, healthy asset quality and profitability, will be best positioned to capture growth.
Companies don't have to be in the field to nudge people to return money they owe lenders.
Nariman Point was ranked 30th on the top 50 rankings for global prime office properties.
According to sources, Kavitha was to be made to sit face-to-face with Hyderabad-based businessman Arun Ramchandra Pillai, who was arrested in connection with the liquor policy case on Monday night.
A red-faced Pakistan International Airlines (PIA) was forced to issue a clarification on Friday after the State-owned carrier received much flak for its bizarre dress code for its cabin crew, instructing them that wearing undergarments underneath the uniform was a must.
'The senior army leadership has no interest in reconciling with Imran Khan, and no interest in seeing him return to power.'
The Centre has no objection to a proposal for setting up a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while it was hearing pleas relating to the Adani stocks rout after the Hindenburg report.
A pick of just 10 watchable (a couple of them admittedly in the so-bad-it's-fun category) foreign films starring Bollywood stars in significant roles are available to watch on streaming platforms.
A five-member bench, headed by Chief Justice of Pakistan Justice Saqib Nisar, gave the unanimous verdict on several identical petitions pertaining to the duration of disqualification of a politician under Article 62(1)(f) of the Pakistan Constitution, reported Samaa TV.
Polling is being held for 224 seats in what is being seen mainly as a three-cornered contest between the ruling BJP, the Congress and former prime minister H D Deve Gowda's Janata Dal-Secular.
Byju's is set to promote its chief operating officer (COO) Mrinal Mohit to a bigger role, including leading the India operations, according to people familiar with the matter. This is because Byju Raveendran, founder and chief executive officer (CEO) of the edtech giant - which is valued at $22 billion - is planning to focus on global expansion and acquisitions. Among the global regions, Raveendran may look at markets such as the US and the Middle East.
A 19-year-old Indian-origin teen accused of deliberately crashing a rented U-Haul truck into a White House barrier told authorities that he wanted to get inside the mansion to "seize power" and "kill" US President Joe Biden, according to media reports.
Even those with no knowledge of the inner workings of the media and police, would find Scoop absorbing as a human drama and the story of the resilience of a woman, her family and true friends, applauds Deepa Gahlot.
Hansal Mehta's new film Faraaz is a hostage drama that unfolds over one night.
A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the United Nations said on Tuesday, highlighting the remarkable achievement by the world's most populous nation.
Will these December theatre releases also bring in good cheer in keeping with the Christmas spirit?
The Supreme Court on Tuesday made it clear that it will not go into the personal laws governing marriages while deciding the pleas seeking legal validation for same-sex marriages, and asked the lawyers to advance arguments on the Special Marriage Act.
The Enforcement Directorate on Friday questioned Karnataka Congress president D K Shivakumar in the National Herald money laundering case, officials said.
After Singapore this is the second such nodal office opened by the new group chairman.
If General Asim Munir, Pakistan's new army chief, wants to help defuse the current polarised atmosphere and shepherd civilian politicians towards negotiations on an acceptable date for elections, he may need to distance himself from any perception of needless hostility to Imran Khan, explains Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
The government is in no mood to buy the privacy and security argument pitched by WhatsApp, whereas the American firm says traceability will undermine end-to-end encryption and the private nature of the app, creating potential for serious abuse.
Trent Boult's reaction said it all. The New Zealand fast bowler held his nerve on the final ball of the penultimate over, catching Carlos Brathwaite and ending a magnificent innings that almost handed the Black Caps a first defeat of the ICC Men's Cricket World Cup 2019.
Musharraf, 79, was suffering from amyloidosis, a rare disease caused by a build-up of an abnormal protein called amyloid in organs and tissues throughout the body, The Express Tribune reported.
With the support from eight political parties, 78-year-old Poudel's victory was certain. His rival Subas Chandra Nebmang had support of former prime minister KP Sharma-led CPN-UML.
Rather than a blind reproduction of the government template, a more productive way of enforcing affirmative action in the private sector could be to emulate an American model, suggests Kanika Datta.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
'As the Indian economy continues to expand over the next three years, mid- and small-caps should do well as they have higher exposure to the domestic economy than large-caps.'
Mercedes' seven-times world champion Lewis Hamilton, and now-retired four-times champion Sebastian Vettel, have been among those making political statements at races in recent seasons.
Deepa Gahlot picks a list of 10 essential RGV movies though there are 84 to wade through.
Sirf Ek Banda Kaafi Hai reminds us that we haven't run out of instances where even the most vulnerable can secure justice against the mighty, applauds Utkarsh Mishra.
The chief of air staff said Chinese actions along the frontier including in the Ladakh sector are being monitored constantly and the IAF's overall preparations are part of continuing efforts irrespective of challenges from China.
'A stable and strong Pakistan with an anti-India mindset and hatred is not good for us.'
At one stage, police deployed pepper spray.
HR Guru Mayank Rautela offers practical advice.
