Wellness Financial News

«The EBITDA margins have been historically around 9%. It came down consequent to COVID to around 7% and after that the increase in the material cost especially glass bottles and ENA,» says Ramakrishnan Ramaswamy, CFO, Allied Blenders & Distillers. Yes, we have seen the good listing coming in. Growth outlook for the industry is strong. So, what kind of revenue are you expecting as well as the EBITDA growth that you are pencilling in over the next two to three years? Ramakrishnan Ramaswamy: The growth expectation of the industry is around 9% and we would be in line with that, especially on the mass premium and on the other segment. So, we would be mid-teens on the premium segment and low-teens on the mass premium segment.

The Associated Press says it will provide free campaign and election night coverage to dozens of small and independent newsrooms located in swing states, through a program funded by a Knight Foundation grant

FI-Index, capturing the extent of financial inclusion across the country, rose to 64.2 in March 2024, showing growth across all parameters. The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. «The value of the index for March 2024 stands at 64.2 vis-a-vis 60.1 in March 2023, with growth witnessed across all sub-indices,» the Reserve Bank of India (RBI) said in a statement on Tuesday. Improvement in FI-Index is mainly contributed by usage dimension, reflecting deepening of financial inclusion, it added.

vegetable prices soar. Prices of staples like onions and tomatoes have gone up and restaurants are looking at the last report of hiking prices, reported TOI. Discounts are out of question as well, so either way, costumes will have to spend more on enjoying a meal outside. While such sudden and steep prices are typically seasonal, this time they're beyond «digestible levels», Anjan Chatterjee, founder of Speciality Restaurants, which owns brands like Oh! Calcutta and Mainland China, told TOI. «It has been pinching us across. Our bottom lines are shrinking,» Chatterjee said, suggesting that a price review is underway. «Price increases are being absorbed as of now but we do not know what tomorrow holds,» he added.

Latin America to secure critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary in the mines ministry, said on Tuesday. Critical minerals like lithium are crucial in driving energy transition as they are essential for clean energy technologies, including wind and electric vehicles. Currently, New Delhi is heavily reliant on imports for its critical mineral supply. «We are having lots of discussions with many resource-rich countries in Africa as well as in Latin America for getting a block on a priority basis or government-to-government basis,» said Dermal.

All India Loco Running Staff Association's South Zone president said Saturday loco drivers handed a memorandum to Leader of the Opposition in the Lok Sabha Rahul Gandhi, blaming poor working conditions for recent train accidents. R Kumaresan, who played a crucial role in organising the interaction between the former Congress president and the loco pilots at the New Delhi railway station on Friday, told PTI that they wanted to bring to Gandhi's attention «serious safety issues» faced by drivers and passengers in the Railways. «Recent accidents, including collisions in Indian Railways, apart from other issues, have brought forth the urgent necessity to resolve the working conditions of loco pilots since it is said that there is human failure,» the association said in the memorandum. Highlighting the plight of train drivers, the note said loco pilots, especially those who drive goods trains, work 14 to 16 hours a day and get to go home after three or four days.

neurological experts and doctors who are involved in diagnosing Parkinson’s disease have pointed out US President Joe Biden is displaying symptoms of this neurodegenerative disorder. This has raised question on his declining cognitive health as well as his fitness to continue in office for a second term. It is in this regard that a doctor who replied to an op-ed on New York Times said that Biden should not step down and he can still continue in office. There have also been calls to replace Biden on the ballot box due to his health concerns. The President has denied all reports pertaining to his health and also resolved to continue his presidential bid.

Two years ago, tough economic conditions and geopolitics weakened financial markets, but 2023’s rebound has helped global net wealth rise, according to Boston Consulting Group.

improve the accessibility of all government websites, digital applications, and services in the government-to-government, government-to-business or government-to-citizen space, a senior government official told ET. The ministry of electronics and information technology will anchor this project and suggest ways to improve page and website loading times, have better user interfaces on websites and apps, and make them more accessible for people with disabilities, the official said.

Commercial real estate is often talked about as a problem for smaller banks, but big banks are emerging with the most evident scars so far. That isn’t how the stock market has behaved. Declining values for offices, apartment complexes or other commercial properties have been a factor weighing on the shares of all banks, but particularly smaller ones.

Budget session, TMC MP Derek O'Brien said on Saturday, reiterating the opposition's demand to appoint one of its members as the Lok Sabha deputy speaker. The first session of the 18th Lok Sabha was stormy with opposition INDIA bloc parties attacking the ruling BJP-led NDA over the NEET-UG paper leak row and the situation in Manipur among other issues. Both Rajya Sabha and Lok Sabha saw multiple adjournments. Parliament's Budget session will be held between July 22 and August 12. «It is the government's duty to run Parliament smoothly in the Budget session. They must offer the deputy speaker (post) in the Lok Sabha to an INDIA candidate,» O'Brien, a Rajya Sabha member, said in a post on X.

Sivaramakrishnan Ganapathi, MD, Gokaldas Exports, says this year on the low base of last year, there is a growth. Also, the retail-led demand continues to pull up the sector and there is also a move from Western companies to source more from India and that is getting more pronounced when the demand is coming back, so that also is helping us to see more traction. So, overall, in Asia, India, and Bangladesh would see some more growth As per reports doing the rounds, the centre seems to be planning to bring in some of the textile products like t-shirts, innerwear, etc, under the PLI scheme for textiles. Tell me, if this inclusion were to come in, how does it help you? Sivaramakrishnan Ganapathi: It will create fresh investments in the sector, so that is good news. And I see that there should be a demand-pull going forward for the next three to five years. So, after an inventory-led low demand last year, we are seeing traction coming back and coupled that with a PLI that encourages additional investment, and if the investment thresholds are kept low, many more new investors will come in, which will be good for the industry. More capacity gets created in India, more can be served out of India, and it will increase exports.

Democracy and markets share a belief in the ‘wisdom of crowds,’ a thesis presented well by James Surowiecki in a book by that title which offers various examples of how numerous minds put together are smarter than a few. The antithesis of it, though, glares out from every news report of a stampede. Can a clash of that crowd thesis with its antithesis yield a synthesis? Say, the ‘common sense of crowds’? The question has arisen again as India mourns the 120-plus lives lost to another crowd crush, this time in a slushy field near Hathras, Uttar Pradesh, where an estimated 250,000 devotees had turned up at a religious gathering, although local authorities said approval had been given for just 80,000.

The meme coin market is captivating and dynamic, with trends changing rapidly every market cycle. Initially, with the popularity of Dogecoin and Shiba Inu, the community focus was largely on animal-themed meme coins. This trend is now shifting to product-based coins, where new and engaging concepts quickly gain traction. The recent success of tokens like WATER and BEER showcases the dynamic nature of this market segment.

Yemen’s Houthi rebels conducted the largest number of attacks on commercial ships so far in 2024 in June, fresh proof that the group’s threat to trade intensified in recent weeks. There were 16 confirmed attacks on ships in June, according to figures published by the naval forces operating in the region. That’s the most for any single month in 2024, and was only eclipsed in December when more vessels were still sailing through the region. Separate figures published by the Washington Institute show a similar trend. Attacks by the Houthis ramped up in June, having shown signs of diminishing in the preceding months. The incidents included the second confirmed sinking of a vessel, as well as the first successful attack with a seaborne drone. The attacks are helping to contribute to the second-largest increase in a gauge of global sea transport on record as vessels sail thousands of miles extra around Africa.

A sizzling heat wave has Canada and the United States in its grip as a global streak of the hottest months continues to shatter records.

Budget 2024: Looking to fast-track hydropower capacity creation, the upcoming budget could unveil funding support to north-eastern states for purchasing equity in hydropower projects, said people familiar with the matter. The Centre could support equity participation by state governments in hydropower projects in the northeast at 24% of the total project equity, subject to a cap of Rs 750 crore per project initially, they said. “A new scheme focused on northeast is under consideration,” said one of the persons, who did not wish to be identified, adding the move was part of the government’s clean energy focus. North-eastern states that wish to have a joint venture for such projects are likely to be given financial assistance for their stake, said another person.

Mint. Bhargava said incentivizing EVs is good, but only incentivizing EVs alone will slow down our “national carbon reduction goals".He added that the dominance of petrol and diesel vehicles has to be reduced in favour of vehicles with alternative fuels which offer lower emissions. He expressed that the Uttar Pradesh government's directive to waive road tax on hybrid cars would negatively impact the sales of petrol and diesel cars.

The European Union is moving to sharply increase customs duties on electric vehicles made in China

₹200 a pop (well, it was the 1990s, things were a lot cheaper then.) Very soon, students started walking out one by one simply because they had only prepared for the questions that had been leaked and no more. On top of that it was a difficult paper—not of a kind where one could just vomit what one had mugged up, which is how most school and college exams were back then. After the exam was over, the explanation offered was that the administrators had come to know that the paper had been leaked and so had changed it to the backup question paper, which apparently had also been prepared and printed.

application window for the PLI scheme for white goods, including ACs and LED lights, for 90 days from July 15. The industry has an appetite to invest more under the production linked incentive (PLI) scheme, the commerce and industry ministry said. The application window shall remain open from July 15 to October 12. No application shall be accepted after the closure of the application window. In order to avoid any discrimination, both new applicants as well as existing beneficiaries of the scheme who propose to invest more by way of switching over to higher target segment, would be eligible to apply.