Packaged goods companies are trimming portfolios and controlling costs amid weak demand. Nestle India and Dabur have dropped underperforming products, while Varun Beverages is rationalising manpower due to weather-hit sales. Emami is revamping brands facing pressure from online competitors.
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Andhra Pradesh, under Chief Minister Naidu, is cracking down on inactive renewable energy projects, scrutinizing ₹4 lakh crore worth of ventures. A 328 MW wind project allocated to Sreeja Infrastructure has been cancelled due to delays, signaling a firm stance.
A renewed push by the telecom department to gauge demand for direct 5G spectrum allocation for private networks has reignited a debate between telecom operators and tech companies. Telcos advocate for their control over private 5G network deployment, while enterprises seek direct spectrum access for tailored solutions.
Colgate-Palmolive’s global CEO, Noel Wallace, expressed concern over declining sales in India. The company saw sluggishness in urban areas. It plans a recovery in the second half of the year. This will be through product innovation and addressing entry-level pricing. Colgate aims to improve urban market execution. The company also focuses on e-commerce growth and…
The NCLT partially approved Hotel Horizon’s promoters’ plea, excluding Phoenix ARC’s claim from the CIRP due to limitation. Oberoi Realty’s consortium secured CoC approval to acquire the company for Rs 919 crore. The tribunal instructed a claim rework for JMFARC and directed reverification of UBI’s claims, while CFM ARC appeals the Phoenix ARC decision.
India is considering allowing private companies to operate nuclear power plants by setting qualifying criteria focused on financial health, technical expertise, and large-scale project experience. Proposed changes to the Atomic Energy and Civil Liability for Nuclear Damage Acts are under legal review. The move aims to boost clean energy capacity from 8.8 GW to 100…
Indian banks are facing challenges. CASA ratios of top lenders have decreased. This decline affects their net interest margins. HDFC Bank and IndusInd Bank experienced significant drops. Kotak Mahindra Bank saw the sharpest fall. Banks are now relying on costlier funding sources. Some banks are cutting savings account interest rates. This shift impacts core profitability…
Economists widely anticipate the Reserve Bank of India (RBI) to maintain policy rates this week, amidst concerns over the economic impact of US tariffs and ongoing trade negotiations. While most expect a status quo, some predict a rate cut, citing low retail inflation. The RBI is expected to hold the growth forecast at 6.
VinFast, the Vietnamese electric vehicle manufacturer, has inaugurated its first manufacturing plant in southern India, signaling a significant move to penetrate the country’s burgeoning auto market. With a planned investment of $2 billion in Tamil Nadu, VinFast aims to produce up to 150,000 vehicles annually. The company anticipates introducing its cars to Indian showrooms later…
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