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MUMBAI: Corporate India showed signs of renewed vigour in 2024-25, with listed private non-financial companies reporting a sales growth of 7.2%, an improvement from the anaemic 4.7% recorded the previous year. Data from Reserve Bank of India, based on financial statements of 3,902 listed non-government non-financial firms, point to a broad-based if uneven recovery-tempered by rising input costs and tightening margins.Manufacturing companies saw sales climb by 6.0%, up from 3.5% the year before. ...Read More >
New Delhi [India], June 26 (ANI): The sales growth of listed private non-financial companies in India improved to 7.2 per cent in 2024-25, from a low of 4.7 per cent during the previous year, Reserve Bank of India (RBI) data showed on Thursday. The RBI released data on the performance of the private corporate sector during 2024-25 drawn from abridged financial results of 3,902 listed non-government non-financial (NGNF) companies. The sales of manufacturing sector companies rose by 6.0 per cent ...Read More >
Mumbai, Jun 26 (PTI) Sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among the major industries, petroleum and iron & steel sectors recorded a contraction in their sales during 2024-25, it said. On Thursday, the Reserve Bank released data on the performance of the ...Read More >
New Delhi, May 26 (PTI) Alcoholic beverage maker's body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian Alcoholic Beverage Companies (CIABC) has proposed slashing the effective customs (or import) duty on bottled products like wines and sp ...Read More >
New Delhi, Jan 8 (PTI) Indian exporters have huge opportunities to increase their share in the global agriculture trade from the current 2.4 per cent, a government official said on Wednesday. The global agriculture trade is about USD 2 trillion. Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman Abhishek Dev said that given these numbers, "huge opportunities" are there to increase exports from the country. Despite being the seventh largest agri exporter in ...Read More >
New Delhi [India], December 12 (ANI): India's retail inflation in November was at 5.48 per cent as compared to 6.21 per cent logged in October, falling in line with the Reserve Bank of India's 2-6 per cent comfort band. Corresponding inflation rates for rural and urban in November are 5.95 per cent and 4.83 per cent, respectively, official data showed Thursday. According to data released by the Ministry of Statistics and Programme Implementation on Tuesday, food inflation was at 9.04 per cent ...Read More >
NewsVoir Mumbai (Maharashtra) [India], December 5: With the holiday spirit in the air, McDonald's India (West & South) is marking a significant milestone - the first anniversary of its widely loved global loyalty program, My M Rewards. To celebrate this journey of loyalty and love, McDonald's has launched an exciting new contest called Collect Quest, conceptualized and designed by OMD and DDB network teams. This initiative has been rolled out across various markets in Southeast Asia, to elevate ...Read More >
Jamshedpur: Jamshedpur's burgeoning coffee culture has reached an exciting milestone with the opening of the city's first Starbucks store. Nestled in the heart of Kadma's Inner Circle Road, the new outlet represents more than just a café; it's a celebration of global coffee traditions meeting the unique heritage of Tatanagar. Inauguration of Jamshedpur's first Starbucks store was done in the presence of Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel, along with the TATA Star ...Read More >
Shikanji is a popular drink in India, known for its tart lime and soda flavor that can instantly lift one's mood. It is a common summertime pick, making it a gourmet favorite. However, social media has recently been flooded with videos of street vendors experimenting with traditional recipes, and Shikanji is no exception. One such video, which is sure to perplex you, shows a store vendor producing a unique Shikanji using an unusual ingredient: Vimal Pan Masala. The now-viral video, published on ...Read More >
PRNewswire Margao (Goa) [India], December 2: Walking distance from Fatrade beach, in South Goa, Amaraanth is a twelve-suite seaside hideaway, with beach access, where life is comparable to being in the verdant country estate of a well-travelled friend. The brainchild of Shradha Binani, daughter of Braj Binani, Amaraanth draws both its name and its promise from a flower that as per Greek mythology never withers. The promise being that the memory of one's time here, too, will not wither. To feed ...Read More >
Even in FMCG companies that reported a slowdown in Q2, the premium portion of their portfolios grew in double-digits. With the September quarter earnings season all wrapped up, the picture on the cards is clear, there's a broad-based slowdown in urban consumption across product categories. However, in the eye of the storm, the 'Affluent India' theme remains buoyant, seeing no pressure despite waning demand from the urban population, suggested Arnab Mitra, India Consumer Analyst, Goldman Sachs. ...Read More >
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