Procter & Gamble will cut 7,000 jobs, about 15% of its non-manufacturing workforce, over two years as part of a global restructuring plan aimed at countering weak consumer demand and rising costs from tariff-related uncertainty. The move will streamline operations…
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Flipkart has received a lending licence from the Reserve Bank of India. This allows the e-commerce giant to offer loans directly to customers and sellers. Flipkart applied for the licence in 2022. The lending operation may start in a few…
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The Indian rupee closed modestly stronger on Thursday, lifted by mild dollar inflows as well as positive cues from gains in most Asian peers, while traders awaited the Reserve Bank of India’s monetary policy decision on Friday.
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India attracted over $500 billion in FDI equity inflows between 2014 and 2024 which is more than double the $208 billion received in the preceding decade, according to Sanjay Nayar, President of leading industry chamber Assocham.
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The Monetary Policy Committee (MPC) is expected to maintain its focus on supporting the ongoing recovery in economic growth momentum, Careedge Ratings said in a report.
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HSBC’s Pranjul Bhandari anticipates a 25 basis points rate cut from the MPC, with no change in policy stance. Focus will be on future easing and inflation forecast revisions, hinting at two more rate cuts. While growth projections remain steady,…
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