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New Delhi [India], April 2 (ANI): Indian fast-moving consumer goods (FMCG) companies are expected to implement a fresh round of price increases starting in the first quarter of FY27. As per a report by Nuvama Institutional Equities, a sharp rise in crude oil prices and a weakening Rupee have significantly increased input cost pressures, ending a period of relative price stability for the sector. The report forecasts price hikes of at least 3 to 4 per cent in Q1FY27 if the current inflation in r ...Read More >
T'puram: The Travancore Devaswom Board (TDB) vigilance wing, probing alleged irregularities in the 2019 gold-plating of the Dwarapalaka idols at Sabarimala Temple, continued questioning Unnikrishnan Potti, the sponsor of the gold plating, for the second consecutive day on Sunday. Potti, who was interrogated for nearly four hours on Saturday, faced another two-hour round of questioning for clarifications. Speaking briefly while leaving the vigilance office, he denied any wrongdoing. "No one can p ...Read More >
New Delhi: Vijay Mallya, once dubbed the "King of Good Times", recently grabbed headlines after his first interview since 2013, in a conversation with podcaster Raj Shamani, where he discussed a wide range of topics. In his four-hour-long video podcast aired on Thursday, Mallya claimed he made four settlement offers between 2012, following the collapse of the now-defunct Kingfisher Airlines, and 2015, which the banks "refused to accept". After taking up the role of United Breweries Group chairm ...Read More >
Bengaluru: Fugitive liquor baron Vijay Mallya approached the Karnataka High Court on Wednesday seeking direction to banks to provide details of the total amount recovered against loans obtained by him, United Breweries Holdings Limited (UBHL, now in liquidation). Considering the plea, the High Court has issued notices to concerned banks in this regard. The bench headed by Justice R. Devadas passed the order issuing notices to banks, and recovery officers and adjourned the matter till February ...Read More >
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