MUMBAI: US-based private equity firm L Catterton has picked up a minority stake in Haldiram Snacks Food amid a rush among investors to take a bite of India’s growing consumer market. The latest investment in Haldiram’s, known for its wide range of namkeen (snacks), sweets and ready to eat products comes less than a year…
Quarterly sales rose slightly for the world’s largest footwear company despite weak results in China and with its Converse brand. Source link
NEW DELHI: A day after photos of Vijay Mallya‘s pre-birthday celebration in London surfaced, ED Thursday announced it had restituted Rs 312 crore of Kingfisher Airlines to its former employees towards long-pending dues.The amount was transf-erred to the official liquidator for disbursement to former employees of Kingfisher Airlines after the restitution was approved by Debt…
An adviser at Merrill Lynch, he refused to recommend the energy trading company. His employer pushed him out, but his stand made him a hero. Source link
NEW DELHI: The new nuclear energy bill, which was passed in Rajya Sabha by voice vote after a four-hour discussion while rejecting many amendments moved by opposition to send it to a parliamentary panel for scrutiny, marks a decisive shift in India’s nuclear governance, embedding safety oversight in law across the lifecycle of an atomic…
The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July. Source link
India and Oman signed a trade deal, expanding the country’s strategic and economic relations in the Persian Gulf, and helping exporters at a time when they are facing headwinds in several parts of the world.The Comprehensive Economic Partnership Agreement (CEPA), the second in West Asia after the one with UAE a few years ago, will…
Data collection issues skewed the latest Consumer Price Index report, economists warned, clouding the picture for the Federal Reserve as it also grapples with a cooling labor market. Source link
US inflation cooled more than expected in November, but economists cautioned that the data may have been distorted by the recent federal government shutdown, while most Americans said they were yet to feel any real relief from high prices for essentials, AP reported.The US Labor Department said on Thursday that the consumer price index (CPI)…
The transportation department said the new rules were intended to make roads safer, but there’s no data to suggest that immigrants cause more truck accidents. Source link
