Category: Business

HUL completes acquisition of Oziva

MUMBAI: HUL has acquired the remaining 49% stake in D2C brand Oziva for Rs 824 crore, making it a wholly-owned subsidiary of the company. HUL bought an initial 51% majority stake in the brand in Dec 2022.Oziva, a plant-based, clean-label consumer wellness brand which focuses on spaces such as lifestyle protein and hair & beauty […]

Gold, Silver Prices Today Live Updates: Gold, silver rise in trade as bargain hunters drive up precious metals

Spot silver advanced 2.1 percent to $76.76 per ounce, recovering after tumbling 11 percent on Wednesday. The US dollar traded largely unchanged against major currencies on Thursday, stabilising following mixed readings from the latest batch of US economic data. A firmer dollar typically makes commodities priced in the greenback costlier for investors using other currencies. […]

Rs 1.3 lakh crore wiped off! Why TCS, Infosys and other IT stock prices have plunged?

Technology stocks fall: IT stocks dropped over 5 per cent on Thursday, pulling the Nifty IT index close to its lowest level in nearly 10 months as ongoing concerns over artificial intelligence-led disruption and diminishing expectations of an early US Federal Reserve rate cut dented market sentiment.The 10-stock Nifty IT index was the worst-performing sector […]

Saudi Arabia’s oil giant Saudi Aramco crosses 70% localisation milestone, $280 billion boost to GDP: Global firms rush in as iktva creates over 200,000 jobs | World News

Saudi Aramco Achieves 70% Local Content Milestone in Supply Chain, Boosting Saudi Vision 2030 Saudi Aramco, the world’s largest integrated energy and chemicals company, has announced a major breakthrough in its In-Kingdom Total Value Add (iktva) programme by achieving a 70% local content benchmark in its supply chain, a milestone that underscores the Kingdom’s push […]

India to get Bangladesh-like US garment duty benefits under trade pact, says Piyush Goyal

India will receive concessional duty access for garments made using American yarn and cotton under the proposed trade agreement with the United States, similar to benefits currently available to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.The US has reduced reciprocal tariffs on Bangladeshi goods to 19%, though garments attract zero duty only […]

RBI proposes Kisan credit card rule overhaul; seeks stakeholder views by March 6

The Reserve Bank of India (RBI) on Thursday issued draft directions to revise and consolidate guidelines on the Kisan Credit Card (KCC) scheme, aimed at expanding coverage, streamlining operational aspects and addressing emerging requirements in the agriculture sector.The central bank has invited comments and feedback on the draft guidelines from regulated entities, members of the […]

New CPI series aligned to consumption trends; CEA Nageswaran says monetary, fiscal policy decision calibration to improve

Chief Economic Advisor V Anantha Nageswaran (ANI) Chief Economic Advisor V Anantha Nageswaran on Thursday said the new Consumer Price Index (CPI) series will improve the quality of data used in formulating monetary and fiscal policies, as it better reflects current consumption patterns and economic conditions.The National Statistics Office (NSO) under the Ministry of Statistics […]

CBIC to launch Eligible Manufacturer-Importer scheme by March 1; how it could ease customs compliance

CBIC Chairman Vivek Chaturvedi (File photo- ANI) The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, a top official said on Thursday.Addressing a media interaction in […]

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