Rupee set for modest uptick on possible inflows, wobbling dollar
INDIA-MARKETS-Rupee set for modest uptick on possible inflows, wobbling dollar
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India’s smartphone market likely to see tepid demand in FY26
Analysts said they may lower their forecast for the year after initially expecting low single-digit growth in India shipments, after a tepid first quarter where shipments are likely to have declined in mid-single-digits, making it the second consecutive quarter of…
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CCI clears Patanjali, 5 other entities’ proposal to acquire 98 pc stake in Magma Gen Insurance
The Competition Commission of India (CCI) has approved Patanjali Ayurved and five foundations’ proposal to acquire a 98.055% stake in Magma General Insurance via the green channel route. This acquisition allows Patanjali to diversify its portfolio beyond healthcare and FMCG,…
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UltraTech to acquire 26% stake in renewable energy co AMPIN C&I Power Eight for Rs 25.5 crore
UltraTech Cement announced its acquisition of a 26% stake in AMPIN C&I Power Eight for ₹25.5 crore, aiming to meet green energy needs and optimize energy costs. This move aligns with regulatory requirements for captive power consumption.
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Sunscreen Ads: HUL and Honasa to now fight it out in the courts
The Delhi High Court is examining Honasa Consumer’s petition against Hindustan Unilever’s ad campaign, which Mamaearth’s parent company alleges disparages its The Derma Co sunscreen. HUL’s advertisement claims some online sunscreens claiming SPF 50 only provide SPF 20, leading Honasa…
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WTO slashes 2025 trade growth forecast, warns of deeper slump
The World Trade Organization has significantly lowered its global merchandise trade forecast, anticipating a 0.2% decline this year due to escalating U.S. tariffs and subsequent economic repercussions. This downturn, potentially the worst since the COVID-19 pandemic, raises concerns about broader…
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