Major Indian consumer goods and auto companies are boosting manufacturing investments over the next two years. Firms like Nestle, Godrej Consumer Products, and automakers Maruti Suzuki, Hyundai, Tata Motors, and Mahindra & Mahindra are committing significant capital. This expansion is…
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Airtel has raised around ₹5,247 crore in the first tranche of the rights issue launched in 2021. It contains an option to tap the balance 75% through additional calls at ₹401.25 per share within 36 months of the issue closure.
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Vittal will, in his latest role, oversee the operations of India’s second-largest telecom carrier and its subsidiaries. He has led the telco for the last 13 years, which has seen Airtel tiding through severe disruptions in the telecom sector and,…
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The major reason for the rupee depreciation is India’s imports are significantly higher than its exports. Exports (from the goods side) have also been hit by Trump-era tariffs. Second, India is the largest importer of goods from China. Almost every…
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ICICI Bank has received a GST order demanding Rs 237.9 Crore including tax of Rs 216.2,7 Crore and penalty of Rs 21.62 Crore on services provided by the Bank to customers maintaining specified minimum balances in their accounts.
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Reliance Consumer Products Limited has acquired a majority stake in Udhaiyams Agro Foods Private Limited. This move brings the Tamil Nadu staples and nutrition brand Udhaiyam into Reliance’s portfolio. Reliance will hold a controlling stake in the joint venture. Udhaiyams’…
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