In a fresh regulatory challenge for French liquor major Pernod Ricard in India, the Competition Commission of India (CCI) has ordered a detailed antitrust investigation into allegations that the company entered into exclusive arrangements with retailers in New Delhi to promote its brands at the expense of rival firms, according to a Reuters report.The Competition…
Mumbai : Zepto’s $1 billion IPO is a step closer to hitting Dalal Street with markets regulator Sebi giving it a go ahead for the issuance, details published on its website showed. The company which rivals Eternal’s Blinkit and Swiggy Instamart in India’s $10-11 billion quick commerce market is targeting a listing sometime by July,…
The cost of crude has been averaging $105.4 a barrel so far in May. Brent crude hovered at nearly $100 a barrel on Friday, while the Indian oil basket was priced at $99.69 a barrel. The rupee cost has shot up further due to the currency weakening against the dollar. “Oil companies are purchasing costlier…
India’s forex reserves rise to $658.09 billion India’s foreign exchange reserves declined by $7.794 billion to $690.693 billion during the week ended May 1, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had fallen by $4.82 billion in the previous reporting week ended April 24, taking the overall forex…
India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum…
India’s labour market is changing, but the transition is not uniform. Over the years, employment has moved away from the agriculture sector towards non-farm activities and larger enterprises. Yet, agriculture continues to account for a major share of jobs, highlighting how it is still India’s job market backbone.The latest PLFS 2025 unit-level data by SBI…
File photo: Abhimanyu Munjal, MD & CEO, Hero FinCorp MUMBAI: IPO-bound Hero FinCorp, one of the leading NBFCs in India, is betting on ‘AI strategies’ for growth in the coming years. In addition to the usage of artificial intelligence (AI) in its operations, its two other focus areas are Aspiring India, and Asset inclusion as…
Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market.Retail gold rates across major Indian cities also recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices.On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose…
Domestic equity markets ended the week under pressure on Friday as renewed military actions near the Strait of Hormuz weighed on investor sentiment, dragging both benchmark indices lower.The BSE Sensex settled at 77,328.19, down 516.33 points or 0.66 per cent, while the Nifty 50 closed at 24,176.15, falling 150.50 points or 0.62 per cent. Nifty50…
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol stations, in grocery bills, and along global trade routes. The conflict, which has continued to intensify since February 28, has already pushed…