Aashirvaad eyes dairy growth in eastern India on rising demand for branded milk BENGALURU: ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand. The diversified conglomerate entered the fresh…
Electronics manufacturers receive Rs 19,091 crore under PLI scheme till June New Delhi: Large-scale electronics manufacturing PLI beneficiaries have received the highest incentives of Rs 19,091 crore under the scheme till June, while the sector has attracted investments of Rs 20,580 crore. Govt launched the PLI schemes in 2020 for 14 sectors, including electronics and…
Exempted establishments get wider debt investment options under new govt rules NEW DELHI: Bringing parity with the establishments covered directly by the Employees Provident Fund Organisation (EPFO), govt has widened the debt investment options for exempted establishments by permitting investment in rupee-denominated bonds issued by four major global financial institutions, provided they have a minimum…
Introducing MDR on UPI merchant payments could help expand its use for cross-border transactions, says JP Morgan executive. MUMBAI: The introduction of merchant fees on UPI transactions could help expand its use in cross-border payments by giving merchants an alternative that remains cheaper than cards and cash, said Max Neukirchen, co-head of JP Morgan Global…
Edible oil duty cut may ease input costs for biscuit, noodle and snack makers BENGALURU: The cut in edible oil import duties could ease costs for makers of biscuits, noodles and fried snacks, but cheaper packs may not follow immediately. Analysts said the benefit would take time to flow through to manufacturers, with companies likely…
Apple is highlighting advanced heart-health readings on its Watch in India as smartwatch shipments decline but health-focused demand grows. NEW DELHI: Apple is putting more detailed heart-health readings at the centre of its Watch pitch in India, where overall smartwatch shipments are declining but demand for advanced models is growing.Eric Jue, director of Apple Watch…
Made-in-India electronics get PLI boost as firms draw Rs 20,580 crore investment From making more phones at home to sending them overseas, India’s electronics manufacturing push has clocked up a sizeable government payout. Large-scale electronics manufacturing companies have received Rs 19,090.98 crore in incentives up to June this year, the highest among the sectors covered…
Why cheaper diesel could come with a gasoline price shock A possible US restriction on diesel exports could have a mixed impact on fuel prices. Diesel prices in the US could fall at first as more fuel stays in the country, but gasoline prices could later rise if refiners are forced to cut production, Goldman…
Gold and silver face another volatile week, with US jobs and inflation data, Federal Reserve signals, Middle East tensions and crude prices set to shape bullion sentiment. The holiday-shortened week will put the US non-farm payrolls and unemployment data in focus as markets assess expectations for the Federal Reserve’s October policy decision.Consumer confidence, GDP and…
Bank customers planning to visit branches this week may need to reschedule their plans as several bank closures are lined up between September 28 and October 4. Lenders across the country will observe a three-day nationwide strike as well as a major national holiday during the week, potentially disrupting over-the-counter banking services in several states.Bank…