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RBI, said Neeraj Gambhir, head-treasury and markets at Axis Bank. In an interview with Bhaskar Dutta, he said the rupee may appreciate a bit but the central bank may intervene with competitiveness in mind. Edited excerpts: The domestic narrative is not how much more the RBI will raise rates but when the rate cuts will start. Which camp are you in? What is creating the problem is the volatility in food prices and some of the other commodities.

₹36.5 a kg, according to data from the consumer affairs ministry. India’s retail inflation accelerated to a 4-month high of 5.69% in December, driven by an uptick in food prices. Chopra said that the government aims to bring down prices in regions where the rates are higher than average.

₹25 crore and revenue of a little over ₹1,000 crore in FY23. In 2014, Italian group Lavazza Spa sold Barista to New Delhi-based Carnation Hospitality for ₹100 crore after failing to turn the group around. Coffee Day slid into bankruptcy in 2023.

NEW DELHI : Open market sales have proven to be an effective tool for moderating rice and wheat prices, said union consumer affairs, food and public distribution minister Piyush Goyal, adding that the Food Corporation of India (FCI) should emerge as a trusted partner of farmers and the public. “The FCI’s market interventions or open market sale scheme (OMSS) has proved to be an effective tool in moderating the prices of essential commodities like wheat and rice to benefit consumers.

Lupin announced on Sunday, January 14, that it has received approval from the US health regulator to market a generic drug to treat migraine and hypertension. The Mumbai-based company has received the nod from the US Food and Drug Administration (USFDA) for Propranolol Hydrochloride extended-release capsules in multiple strengths, said Lupin Ltd in a regulatory filing to the stock exchanges today. The company's product is the generic version of ANI Pharmaceuticals' Inderal LA extended-release capsules, it added.

Tata Coffee with Tata Consumer Products Ltd and TCPL Beverages and Foods Ltd on 1 January signifies Tata's strategic initiative to bolster its standing in the flourishing FMCG market. Notably, Tata holds a substantial 21% market share in the Indian tea market. Tea stands as a foundational product and a crucial component of Tata Consumer Products Ltd's portfolio, contributing around 32% to the company's total consolidated revenue in FY23.

Gangasagar and taken a holy dip at the confluence of the Ganga River and the Bay of Bengal so far this year, West Bengal minister Aroop Biswas said. Heavy security arrangements have been made at the fairground, situated on Sagar Island, where many more are expected to arrive on the occasion of Makar Sankranti on Monday. Apart from the state police, NDRF, SDRF and Coast Guard personnel have been deployed with necessary gear for responding to any eventuality.

₹5,100 crore for 100% stake in Capital Foods, and for a 100% stake in Organic India, TCPL will pay ₹1,900 crore, along with an additional earn-out for the shareholders linked to FY26 audited financials of the company, the company said while announcing the acquisitions Friday. The company will complete the integration of the two businesses over the next three-to-four months, with plans to leverage TCPL's existing distribution muscle to further the reach of the recently acquired brands—both in India and overseas. Meanwhile, the company will continue to scout for opportunities as it builds a “large" fast moving consumer goods (FMCG) business in India and overseas.

RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 where inflation comes down and growth remains robust. «The Indian economy has withstood all these shocks (Russia-Ukraine war, Israel-Hamas war, rising oil prices, Houthi attacks) in the last couple of years, and I do not believe that the geopolitical situation will be significantly worse in coming months than what we experienced in the recent past,» he told PTI in an interview.

Personal loans and credit card loans are both high-interest debts. If there is any delay in paying off an equated monthly instalment (EMI), you will end up paying penalties and it will also have an impact on your credit score. So, Namrata, it is very positive that you're taking proactive steps to manage your credit card debt and personal loans.

While the overall trajectory for markets remains positive in the coming week, there are several factors that will decide the sustainability of gains. “The Q3FY24 earnings season will be the biggest factor in driving the market movement,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. Some of the major companies like HDFC Bank and Reliance Industries are scheduled to release their earnings in the week ahead. Besides earnings, global markets, corporate actions, and fund flows will also decide the course of action for Dalal Street.

Makar Sankranti, the harvest festival celebrated in various parts of the Indian subcontinent, is being celebrated on 15th January 2024. This festival marks the transition of increasingly lengthening days and the sun's movement towards the North. The history behind Makar Sankranti revolves around the worship of the Sun God 'Surya' for success and prosperity. Devotees partake in a holy dip in the river Ganga and gather on its banks for meditation, believing that this ritual cleanses the soul and absolves them of sins.

Makar Sankranti 2024: Makar Sankranti, a revered Hindu festival celebrated across India and parts of South Asia, holds great significance as it marks the commencement of the sun's northward journey. Falling on Monday, January 15, 2024, this festival ushers in the promise of longer days and warmer weather, symbolising the transition into the harvest season.

Indian economy is warming up to booming economic activity all around. One could hardly miss the crowded stations and airports, hotels going full, and streets bustling with people. Economic activity has been gaining momentum for over a few quarters, with questions on whether this year’s global economic headwinds are strong enough to impact the domestic buoyancy or whether they too will have bottomed out by the end of 2024.

no proposal as of now to remove export restrictions on wheat, rice, and sugar. And India will not import wheat and sugar," Piyush Goyal told reporters.

Indian workers to duty-free access on goods with India’s Commerce Minister Piyush Goyal in New Delhi. While the import management system has minimized the impact on businesses, she “urged India to ensure that the end-to-end online system currently in operation and related policies do not restrict trade going forward," according to a joint statement. In October last year, India said it will allow imports of tech hardware without a mandatory license, softening curbs it had previously planned to impose.

China has reported that its exports grew slightly for a second consecutive month in December even as deflationary pressures continued

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas

Massachusetts Attorney General Andrea Campbell announced a $3.5 million settlement with the online food delivery service platform Grubhub

exchange filings on Friday at Indian stock market's bourses, Tata Consumer said, "In accordance with Regulation 29(1)(d) of the Listing Regulations, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 19, 2024, to consider, inter-alia, the proposal for fund raising by debt issue in the form of commercial papers/debentures and equity issue through Rights Issue or any other appropriate mode, as may be decided by the Board, subject to requisite approvals." This is the second major corporate announcement made by Tata Consumer Products Ltd on Friday. Earlier, the company had announced the acquisition of Organic India, a ‘better for you’ organic brand spanning Food & Beverages and Nutraceutical categories.

economic growth, a stable monetary policy, and high credit growth over the past decade have boosted the purchasing power of high-earning Indians. It adds that 60 million people or 4.1 percent of the population now earn over $10,000 per annum, compared to 24 million in 2015. To be sure, however, this is a small percentage of the overall population.