Sesa Sen 

We have a three-year plan to double Ruchi Soya’s exports to Rs 1000 crore, says Baba Ramdev

The aggressive growth plans include an exports boost, hiring celebrities to endorse the brand and transforming the commodity company into a fast-moving consumer goods company

17 Jul 2021

RBI downplays inflation threat as prices continue to rise, but for how long can it?

It is crucial for the central bank to keep the inflation below 6 per cent, but the passthrough of decade-high wholesale price inflation has led to a steady increase in retail inflation.

12 Jul 2021

Lower credit offtake, slippages to cloud banks’ June quarter performance

With pressure on asset quality and credit growth remaining in the range of 5-5.7 percent, the industry is set to report muted earnings for the first quarter of 2022 (Q1 FY22).

10 Jul 2021

Does ITC’s potato biscuit infringe Pran's trade dress?

The packaging gets a cover under Copyright Act as to artistic work, and that need not be compulsorily registered in India.

08 Jul 2021

PNB Housing-Carlyle deal: A Plan B for fundraising is likely in the works

Post the capital infusion, Carlyle Group will eventually become a promoter and PNB’s shareholding will get diluted to little over 20 per cent and thereby become a smaller partner.

04 Jul 2021

Retailers now get MSME tag, but are banks ready to lend?

At least 2.5 crore traders are likely to benefit as the government announced the inclusion of retailers and wholesalers under the Micro, Small and Medium Enterprises category.

03 Jul 2021

India's very own Jamsetji Tata world's most generous individual of the last century: Hurun report

Today's billionaires, Hoogewerf says, are not keeping up with philanthropy, making money much faster than they are giving it away.

23 Jun 2021

Centrum-BharatPe gets RBI nod to take over crisis-ridden Punjab and Maharashtra Co-operative Bank

Both Centrum Financial Services Limited and BharatPe, who will be equal partners of the proposed bank, will infuse combined capital of Rs.900 crore in the first year of operation. 

19 Jun 2021

COVID 2.0 blues: Retail sales in May fall to only 21 per cent of pre-pandemic level

The quick service restaurants witnessed a dip of 70 per cent, while spending on apparel and clothing plunged 77 per cent and purchases of sports good fell 80 per cent.

16 Jun 2021

Pandemic clouding near-term economic outlook, says RBI

As per the RBI estimates, the economic growth is seen at 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4.

28 May 2021

FMCG companies may hike prices again to offset inflationary pressures

The commodities which are particularly exacerbating domestic inflation include palm oil, a key ingredient for home and personal care items including soaps.

27 May 2021

RBI bars American Express, Diners Club International from adding new users

In terms of an RBI circular, the entire data relating to payment systems operated by them is stored in a system only in India.

24 Apr 2021

Second COVID-19 wave biggest risk to economic recovery: RBI governor Shaktikanta Das

All six MPC members had unanimously voted to keep the rates unchanged at 4 per cent during its April meeting, amid rising uncertainty regarding the impact of the second wave on growth.

23 Apr 2021

Citi to exit retail banking operations in India, 12 other countries

Apart from these two nations, it will exit retail banking in Australia, Bahrain, Indonesia, Korea, Malaysia, Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam.

16 Apr 2021