Jubilant FoodWorks Chairman Shyam Sundar Bhartia on Tuesday issued a statement regarding the registration of an FIR against him, denying the allegations as “baseless, false and disparaging”. In a regulatory filing, the company released a statement received by the chairman which said, “In reference to media reports about the registration of an FIR by the
Premji Invest-owned Best Value Chem Pvt Ltd (BVC), a fragrance, flavor and personal care chemical manufacturing company, on Tuesday unveiled a Rs 550 crore ($60 million) fully automated plant at Dahej, about 80 kilometers from Baroda in Gujarat. This is BVC’s third manufacturing facility and marks a significant step in the company’s strategic growth plans.
With the three major telecom operators in India – Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) – taking a tariff hike of up to 25 per cent in July 2024 with a possibility of another hike this year by 10 per cent, JM Financial said, telcos’ ARPU is expected to grow at 11-12 per
Prime Minister Narendra Modi has hailed Tata Group’s newly announced semiconductor assembly and test plant in Assam as a game-changer for the entire Northeast region. The greenfield facility in Morigaon, set to receive an investment of Rs 27,000 crore, is expected to produce up to 48 million semiconductor chips daily, significantly advancing India’s position in
Unilever on Tuesday announced that Hein Schumacher is stepping down as the Chief Executive Officer and as a Board Director on 1 March 2025. The company further added that he is leaving by mutual agreement, and will leave the company on 31 May 2025. Hein Schumacher said, “It has been a privilege to lead Unilever.
Adani Group, Reliance Industries (RIL), state-owned NTPC, and several other companies on Monday committed total investments worth around Rs 4 lakh crore across various sectors in Madhya Pradesh. ALSO READIs DBS Group really cutting down 4,000 jobs over the next three years? At the state’s investment summit, Adani Group announced an investment of Rs 1.1
Zomato has invested an additional Rs 1,500 crore in Blinkit, according to regulatory filings with the Registrar of Companies (RoC). This comes a month after it infused another Rs 500 in its quick commerce arm. The infusion comes at a time when Blinkit is aiming to maintain its market leadership by going aggressive on opening
The temporary workforce in non-banking financial companies (NBFCs) is driving financial inclusion and supporting underserved markets such as micro, small and medium enterprises (MSMEs) and rural areas, according to a TeamLease report. It highlights that even though technology is reshaping customer-facing roles in sales, support, and collection; the temporary workers play a key role as
Central Goods and Services Tax (CGST) officials in the recent months have investigated over two dozen textile manufacturing companies across the country for mis-classifying textile processing activities and subsequently paying lesser tax. According to official sources, the CGST department has observed that several textile manufactures are recording activities which involve ‘changing the nature of cloth’
Artificial intelligence (AI) is being used for “collusion” by sections of Indian industry, Ravneet Kaur, chairperson of Competition Commission of India (CCI) said on Sunday, adding that the regulator would equip itself to deal with it. “Companies are using AI to coordinate prices without explicit agreements, and are engaging in algorithmic discrimination under the garb
Owning a home is one of the most significant steps toward financial security, both for individuals and families. While men have traditionally taken the lead in property purchases in India, the trend is gradually changing, with more women actively investing in real estate. Recognizing this shift, both state governments and financial institutions have introduced various
The National Capital Region Transport Corporation (NCRTC) is set to launch a co-working space, named MetroDesk, at the Ghaziabad Namo Bharat Station soon. This innovative initiative aims to turn urban transit areas into dynamic business hubs, introducing a pioneering coworking model within the Namo Bharat network. MetroDesk is tailored for professionals, entrepreneurs, and small businesses
8th Pay Commission News: The long-standing demand for the restoration of commuted pensions is again in discussion. Currently, this pension is restored after 15 years, but employee organisations want the government to cut this commutation period to 12 years. Now, after the announcement of the 8th Pay Commission, employees are hopeful that the government may
