NEW DELHI: Procter & Gamble Hygiene and Health Care on Thursday said it is cautiously optimistic on growth as FMCG trends continue to evolve and consumption patterns are still shifting. It said rural demand is showing signs of healthy recovery, while urban India, on the contrary, continues to face financial challenges. Source link
NEW DELHI: State-owned Bank of Maharashtra on Thursday reduced interest rate by up to 50 basis points on retail loans, including home, car, education and other loans linked with Repo Linked Lending Rate. Interest rate reduction by the lender is in line with RBI’s rate moderation and new rates are effective from June 10. Source…
NEW DELHI: DCM Shriram on Thursday said its board has approved a definitive agreement to acquire Hindusthan Specialty Chemicals for Rs 375 crore, marking its strategic entry into the advanced materials segment. The buyout of unlisted subsidiary of Hindusthan Urban Infrastructure is subject to regulatory approvals. Source link
MUMBAI: Reliance Industries on Thursday said that its subsidiary, Siddhant Commercials, had sold 3.5 crore equity shares of Asian Paints on the NSE at a price of Rs 2,201 per share. The entire block of Asian Paints stock, representing 3.6 per cent of the company’s equity, was purchased by SBI Mutual Fund, as revealed by…
Air India crash set to trigger over Rs 1,000 crore insurance claims (AP) MUMBAI: The crash of an Air India Boeing 787 Dreamliner in Ahmedabad has set off what may become India’s costliest aviation insurance claim, with potential liabilities crossing Rs 1,000 crore, which is more than the total annual premium for the country’s aviation…
The rupee ended nearly unchanged against the US dollar on Thursday, rising just 1 paisa to settle at 85.52, as weakness in the greenback against major currencies offset pressure from a sharp decline in domestic equities and a rise in crude oil prices.At the interbank foreign exchange market, the rupee opened at 85.43 and moved…
US semiconductor giant Micron Technology on Thursday announced it is expanding its domestic investment to $200 billion, supported by the Trump administration, in a major push to strengthen America’s chip manufacturing and supply chain resilience.The revised plan includes an additional $30 billion over previous commitments and features the construction of a second cutting-edge memory chip…
India is actively engaging with China to ensure stability and predictability in trade-related supply chains, following Beijing’s recent curbs on rare earth exports that have disrupted the global automotive sector.“We are in touch with the Chinese side, both here in Delhi as also in Beijing, to bring predictability in supply chain for trade, consistent with…
I would like to express our deep sorrow about this event, Air India CEO said. Ahmedabad plane crash: Air India’s Chief Executive Officer and Managing Director Campbell Wilson conveyed “deep sorrow” about the Boeing 787-8 aircraft crash carrying 242 onboard, acknowledging it as a challenging period for the entire Air India team.The aircraft, destined for…
US stocks edged lower Thursday as Wall Street lost momentum from its recent rally, with losses in Boeing weighing on the Dow and Oracle offering some relief with a strong earnings report.The S&P 500 slipped 0.3% in early trading. The Dow Jones Industrial Average fell 246 points, or 0.6%, while the Nasdaq composite lost 0.3%…
