Leveraging its strong product portfolio, the company is actively expanding its general trade presence through robust sales and distribution strategies. Additionally, it has experienced significant growth in alternate channels such as e-commerce, quick commerce, and modern trade, achieving a 19% year-on-year volume increase in the first quarter.
Delhi High Court seeks response from SpiceJet regarding attachment of assets to enforce UK court decrees for $13.82 million payment to a aircraft lessor. Court gives airline one week to respond.
Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country.
A report has highlighted certain shortcomings in President Biden’s debate preparations. This has come in the midst of desperate calls for his replacement, mostly from within his party and supporters.
Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.
The premises of Chowgule and Company Private Limited (CCPL), Chowgule Steamship Limited (CSL), P P Mahatme and Company, seven residential premises of members of the Chowgule family, their group CA Pradip Mahatme, ex-MD and CFO of CSL Mangesh Sawant in Goa and Mumbai were covered during the searches.
Maharashtra CM Eknath Shinde announced a cash reward of Rs 11 crore for the Indian cricket team's T20 World Cup win. He praised Suryakumar Yadav's catch in the final match and also honored support team members. Mumbai Police was recognized for their crowd management during the victory parade.
Hundreds protest power cuts in Quetta due to fuel shortages and unpaid bills, leading to chaos. Balochistan faces prolonged outages affecting neighborhoods. Protesters claim they had no choice but to act. Climate change exacerbates heatwaves in one of Pakistan's poorest provinces.
Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes. Gold has thus far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a steady drumbeat of geopolitical uncertainty. As we look forward, the key question in investors’ minds is whether gold’s momentum can continue or if it’s running out of steam.
The Indian Space Research Organisation (ISRO) will organize the Bharatiya Antariksh Hackathon on August 23 to celebrate the first National Space Day, marking the successful landing of the Vikram Lander near the southern polar region of the moon. Prime Minister Narendra Modi announced that "National Space Day" will be celebrated on August 23 every year.
Central banks ought to own up for delivering on price stability and must be given the independence to act for achieving it, a top official from the Federal Reserve Bank of New York said on Friday.
AI voice startup ElevenLabs, which develops tools and models to regenerate voices in different accents and languages, has secured permission from the estates of deceased Hollywood actors to use their voices for its app Reader. This app takes online content like newsletters, articles, PDF files and converts them into voice-overs.
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday.
India's real estate sector remained buoyant as residential housing sale surged to an 11-year high in the first half of 2024. A total of 1.73 lakh residential units sold during the January-June period of 2024, according to the Knight Frank report. Mumbai led with 47,259 units sold, up 16% during H12024. The premium housing sales rose to 34% market share in H1 2024, from 15% in H1 2018. Meanwhile, the affordable housing segment sales dropped to 27% in the January-July period 2024.
Gujarat attracted USD 7.3 billion FDI in 2023-24, a 55% increase, ranking second after Maharashtra. DPIIT data highlight this growth. Under PM Modi and CM Patel, policies and cluster-based areas like Sanand GIDC, Dholera SIR, semiconductor plants, financial incentives, and business-friendly measures enhanced Gujarat's infrastructure and ease of doing business.
Will Victoria Starmer relocate to London's 10 Downing Street from their family house in Kentish Town, where her two children still live? Will she remain cocooned in her work and home or she will share the global limelight with her husband Kier Starmer?
The Uttar Pradesh Tourism Department signed a memorandum of understanding (MoU) with MakeMyTrip on Friday to promote tourism in the state. The signing took place at the Tourism Directorate, Uttar Pradesh.
The fintech sector saw a nearly 60% slump in funding for the first six months of 2024. Startups in the space raised $795 million during this period, as against $1.9 billion in the first half of 2023.
Keir Starmer, as Britain's 58th Prime Minister following Labour's landslide win, promised a "government of service". He met King Charles III and, alongside his wife Victoria, greeted supporters in Downing Street. In his inaugural address, he emphasized national renewal, acknowledged sacrifices, stressed trust and public service, praised predecessor Rishi Sunak, and marked a new Labour Party-led government.
Congress accuses Modi's 'vendetta politics' of obstructing Karnataka's 'Anna Bhagya,' increasing food subsidy costs up to Rs 18000 crore. FCI halted OMSS rice sales despite 50 million tonnes stock. Demand for BJP, JD(S) MPs, and Consumer Affairs Minister to seek compensation. Karnataka offered Rs 170 monthly cash to 6.5 crore people for rice purchase.
South Korean HyVision System signed an agreement with Karnataka on Friday to allow the company to build a factory for camera inspection machines. This unit will be near the Foxconn facility, which is close to Bengaluru's Kempegowda International Airport in Devanahalli.
Global leaders congratulated Keir Starmer on Labour's UK election win. Sunak was defeated. Starmer met King Charles III. Trudeau, Modi, Albanese, Meloni, Zelenskyy, Norway PM Store, and Nepal PM Dahal congratulated him. Leaders aim to work on energy transition, fair future, and UK leadership. Modi seeks to enhance the India-UK Comprehensive Strategic Partnership.
The National Testing Agency (NTA) informed the Supreme Court on Friday that cancelling the contentious NEET-UG 2024 examination would be significantly detrimental to public interest and the future prospects of successful candidates. The NTA emphasized that the alleged leak incident does not impact the overall examination conducted on May 5 and that only a small number of candidates were involved, as determined by investigating agencies.
In June, job growth slowed with the unemployment rate at 4.1%, reported the Bureau of Labor Statistics. Nonfarm payrolls rose by 206,000, while average hourly earnings increased 0.3%. Revised May data showed fewer jobs added. Wage growth moderation and disinflationary trends bolster the Federal Reserve's rate cut prospects. Monitoring these changes is crucial for economic assessment.
