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The FMCG sector will see revenue growth of 7-9% this fiscal year: CRISIL-thumnail

The FMCG sector will see revenue growth of 7-9% this fiscal year: CRISIL

Fast-moving consumer goods (FMCG) industry revenue is anticipated to increase by 7-9% this fiscal year, which is a somewhat slower rate than the 8-9% growth rate seen in the previous

Business

Jul 5, 2023

Reliance among BofA Protections’ main 10 Asia Pacific stock proposals-thumnail

Reliance among BofA Protections’ main 10 Asia Pacific stock proposals

BofA Protections has given a ‘Purchase’ call for E Ink, Hundsun, Japan Carriers, Mazda Engine, PICC Gathering, Reliance Ventures, Samsung F&M, SBI Cards, and Joined Bottling works for the July-September

Finance

Jul 5, 2023

Private Banks in India Exhibit Higher Write-Off Ratios Compared to Public Banks-thumnail

Private Banks in India Exhibit Higher Write-Off Ratios Compared to Public Banks

The Reserve Bank of India’s (RBI) financial stability report has revealed that private banks in India have shown a more proactive approach towards writing off bad loans than their public sector counterparts.

Finance

Jul 5, 2023

Swiggy pilot testing Co-branded credit card with HDFC Bank & Mastercard-thumnail

Swiggy pilot testing Co-branded credit card with HDFC Bank & Mastercard

Swiggy, a popular food delive­ry platform, is reportedly partnering with HDFC Bank to launch its own co-brande­d credit card. This move follows the footste­ps of other major Indian e-commerce­ players.

Business

Jul 5, 2023

PharmaEasy plans Rs 2,400 crore rights offering at a 90% share price cut-thumnail

PharmaEasy plans Rs 2,400 crore rights offering at a 90% share price cut

PharmEasy, a prominent online pharmacy, has informed its board and investors that it intends to raise approximately Rs 2,400 crore through a rights offering at a 90% lower stock price

E-Commerce

Jul 5, 2023

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru-thumnail

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru

Carl Zeiss India has announce­d plans to invest more than 250 million euros in the­ creation of its largest vision factory in Bengaluru. This state­-of-the-art facility is expecte­d to be finished by October 2024 and will bring re­markable advancements in le­ns production, with a potential sixfold increase. Its daily output alone­ will reach an impressive 260,000 le­nses.

Automotive

Jul 5, 2023

HDFC Bank Q1 update: Advances become 16% YoY, stores rise 19%-thumnail

HDFC Bank Q1 update: Advances become 16% YoY, stores rise 19%

Confidential area loan specialist HDFC Bank on Wednesday posted its June quarter update for both independent business and the combined element. The bank’s independent business saw a development of almost 16% in progress while consolidated substance’s — HDFC Bank + HDFC — propels have risen by in excess of 13% year-on-year.

Business

Jul 5, 2023

Premji Invest and other investors help the jewellery company Giva raise Rs 200 crore-thumnail

Premji Invest and other investors help the jewellery company Giva raise Rs 200 crore

Premji Invest led the Series B investment round in which Giva Jewellery raised Rs 200 crore, the company disclosed on Wednesday. Premji Invest led the Series B investment round in

Finance

Jul 5, 2023

Micron Technology to start building a $2.75 bn semiconductor facility by August; production by 2024 end-thumnail

Micron Technology to start building a $2.75 bn semiconductor facility by August; production by 2024 end

Next month. Micron Technology will begin the construction of a semiconductor assembly plant in Gujarat, India. This $2.75 billion project aims to produce microchips that are made in India by late 2024. Supported by the Indian government and the state of Gujarat. This endeavor is expected to generate up to 5,000 direct jobs in two phases. It is noteworthy that this action aligns with the US government’s initiative to encourage American chip companies to invest in India and expand their operations beyond China.

Business

Jul 5, 2023

Vishal Salvi, the CISO of Infosys, departs to become the CEO of Quickheal-thumnail

Vishal Salvi, the CISO of Infosys, departs to become the CEO of Quickheal

Kailash Katkar, the founder and outgoing CEO of the cyber security company, will become chairman and managing director after Vishal Salvi assumes leadership.

Business

Jul 5, 2023

The surge in Sales of Mid-Segment and Premium Homes in India, Overtaking Affordable Homes-thumnail

The surge in Sales of Mid-Segment and Premium Homes in India, Overtaking Affordable Homes

A recent report by property consultancy Knight Frank reveals a significant shift in India’s real estate market during the first half of the calendar year 2023. The sales of mid-segment and premium homes have surpassed affordable homes, despite an increase in residential property prices across major Indian cities. The surge in demand for costlier homes has come at a time when the overall sales of residential properties experienced a marginal decline. This article delves into the key findings of the report, analyzing the factors behind this trend.

Business

Jul 4, 2023

Strategic Cooperation between Indonesia and Australia on Electric Vehicle Batteries a Priority-thumnail

Strategic Cooperation between Indonesia and Australia on Electric Vehicle Batteries a Priority

Indonesian President Joko Widodo has emphasized the importance of strategic cooperation with Australia in the field of electric vehicle (EV) batteries. The two leaders discussed this topic during an annual

Automotive

Jul 4, 2023


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