Prime Minister Narendra Modi on Sunday said his recent meeting with Walmart CEO Doug McMillon was a fruitful one during which they had insightful discussions on different subjects. Modi also said he was happy to see India emerge as an attractive destination for investment. McMillon had called on Modi last week. “The meeting with Mr. […]
Union New and Renewable Energy Minister R K Singh on Saturday directed the industry to set targets under Green Open Access Rules 2022. In June 2023, the government notified the Green Open Access Rules 2022 to further accelerate India’s renewable energy programmes. These rules were notified for promoting generation, purchase and consumption of green energy […]
Banks need to be given “stronger overview” on the lending practices followed by non-bank lenders who borrow from them, a senior official from SBI has said. Non-bank finance companies and microfinance institutions should follow the same risk underwriting and credit monitoring principles as followed by the larger banks from whom they borrow money, C S […]
The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year, market analytics firm NielsenIQ said, as inflation and price hikes eased. The increase in product prices slowed to 6.9% from January to March, from […]
FMCG major Godrej Consumer Products Ltd on Wednesday reported a 24.47 per cent growth in its consolidated net profit to Rs 452.14 crore in the fourth quarter ended March 31, 2023, led by volume growth. It had posted a net profit of Rs 363.24 crore in the January-March quarter a year ago, said Godrej Consumer […]
Indian drugmaker Dr Reddy’s Laboratories Ltd reported nearly an eleven-fold surge in fourth-quarter profit on Wednesday, driven by higher sales from its mainstay generic drugs business in North America.The Hyderabad-based company’s consolidated profit rose to 9.59 billion rupees in the three months ended March 31, compared with 875 million rupees a year earlier.The profit, however, […]
In the recently-concluded Financial Express CFO awards, Road Transport Minister, Nitin Gadkari called for decongestion of Indian roads. He said that “India is populated in terms of people and automobiles.” Gadkari has announced plans on building expressways for electric cars, cable cars, and even multi-story flyovers to tackle traffic woes in India, especially in a […]