Category: Business

Hair creme, noodles see highest growth: Report

NEW DELHI: India’s shopping basket is evolving as new categories enter more households, reshaping consumption patterns. One-third of consumers across the country now shop for hair creme, making it the fastest-growing category in the FMCG basket, with penetration rising from 21% to over 31% over two years, according to the latest data from market research […]

RBI tightens dividend payout rules for banks

MUMBAI: RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In the previous financial year, banks paid over Rs 75,000 crore dividend after booking record profits.Under RBI’s draft rules, dividend payments by banks will be […]

IT firms brace for soft Q3, mid-caps to beat larger cos

BENGALURU: Indian IT firms are expected to deliver a moderate performance in a seasonally weak Dec quarter, weighed down by furloughs (lesser number of working days in Dec). Demand remained subdued, with only limited recovery in discretionary spending, and growth was largely driven by clients’ cost-optimisation priorities. Brokerages estimate that enterprise technology spending is likely […]

US stocks today: Wall Street edges higher on tech, healthcare gains; investors eye key economic data

File photo (Picture credit: AP) Wall Street stocks moved higher on Tuesday, pushing major indices closer to record levels, as gains in technology shares and select healthcare stocks supported the market. Investors also remained focused on a busy week of US economic data that could shape expectations around future interest rate moves.As per news agency […]

India, EU crucial FTA talks on January 8-9 in Brussels; Piyush Goyal to meet Maros Sefcovic

File photo: Commerce and industry minister Piyush Goyal with European Union commissioner for trade and economic security Maros Sefcovic NEW DELHI: India and the European Union (EU) will hold ministerial-level discussions on January 8-9 in Brussels to bridge differences in the proposed free trade agreement and push for an early conclusion of negotiations, an official […]

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