Edible oil prices in the major retail markets across the country have declined by Rs 5-20 per kg after various measures, including an import duty cut, by the government, Food Secretary Sudhansu Pandey said on Friday. The official said that branded oil makers have also revised the rates for new stock. Domestic edible oil prices have soared in tandem with the global prices which shot up due to reduced availability of edible oils for food use following diversion for biofuel in Indonesia, Brazil and other countries.
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
Ganguly, who endorses Fortune Rice Bran Cooking Oil, felt discomfort on January 2 while performing physical exercise in the home gymnasium at around 11 am. Following this, he underwent an angioplasty at the Woodlands Hospital.
Gautambhai has shown that he has ability to withstand payment delays or vexatious court cases. That is where he is on a more comfortable wicket than many others. A revealing excerpt from R N Bhaskar's Gautam Adani: Reimagining Business in India and the World.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The ten trade unions are National Trades Union Congress, All India Trade Union Congress, Hind Mazdoor Sabha, Centre of Indian Trade Unions, All India United Trade Union Centre, Trade Union Coordination Centre, Self Employed Women's Association, All India Central Council of Trade Unions, Labour Progressive Federation and United Trade Union Congress.
'We expect the bull run to continue until economic growth continues.'
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
Patanjali will respond to the notices received from the two regulators shortly
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Branded and packaged edible oils are currently selling at around 50 per cent premiums over their loose varieties. Hence, products using edible oils would be costlier going forward.
Oilseed output to surpass its previous record of 32.75 mt in 2013-14 to 33.59 mt this year
Through increase in import duty, the government aims to help domestic oilseed crushers and edible oil producers who suffered badly last year due to cheap imports
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
In its latest campaign, Dalda is stressing that it's now a refined oil brand and no longer just a vanaspati offering.
Soybean is trading at a 25 per cent premium to the MSP, after initially slipping below the government's threshold procurement price of Rs 2,850 a quintal.
Samples of Mother Dairy milk last week were found to be contaminated.
Gujarat-based tea major will run a Rs 2-cr roadblock on Hindi and regional news channels.
Armed with deep customer knowledge, low operational overheads, new funding opportunities and help from online marketplaces, the local brand is turning David to every Goliath that steps into its neighbourhood, says T E Narasimhan.
Dabur has launched 44 products during the year.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.