BUSINESS

HUL, Marico prices increses; Will other FMCG companies follow suit?

The FMCG companies continues to see rising prices in categories such as soaps, edible oils, tea and detergents due to sustained inflation on essential oils such as palm oil, crude tea and copra. Increased packaging costs and crude oil prices, too, add to the pressure. Hindustan Unilever has increased the prices of its brands such …

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The Indian economy is showing signs of recovery as factory jobs soared in July

Indian economy showed signs of recovery in July as factory jobs increased after growing domestic and foreign demand. Industrial recovery has forced companies to create new jobs after the second deadly wave of the Covid-19 epidemic disrupted the economy. The Manufacturing Purchasing Managers ’Index (PMI), compiled by IHS Market, jumped 55.3 in July from 48.1 …

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Wall Street inflation as consumer inflation estimates

Wall Street stocks rose on Tuesday morning following data showing consumer price ratings, reducing the chances of a sudden change in US monetary policy. U.S. consumer prices rose just 0.3 percent in August compared to July, below the analysts’ forecast and the level that supports the Federal Reserve’s argument that much of the latest inflation …

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Apollo Tyres reports a fourfold increase in total profit at Rs 289 cr in Q4

Apollo Tyres on Wednesday posted a fourfold increase in its combined value of Rs 289 crore in the fourth quarter of March 31, 2021, which rode after strong sales in domestic and foreign markets. The company reported a combined profit of Rs 78 crore in the January-March quarter of 2019-20.Operating income increased by 39 percent …

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Twitter, demanding that the government take more time to comply with the new rules

Social media platform Twitter is well-known, in order to appeal to the government to allow for more time to comply with the new rules. According to the micro-blogging site, he told me that he has no intention to comply with the same rules, but he may need more time due to the pandemic situation in …

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JSW Steel emissions grew by 6% in Q4; 6% registers fall into FY21

JSW Steel on Thursday reported an increase of about six per cent annually with its output of 4.19 million tons (MT) for the quarter ended March 31, 2021. In a statement, JSW Group said it produced 3.97 MT steel during the same quarter of the 2019-20 financial year. In January-March 2021, the company’s production of …

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Government, industry must work together to create India’s own financial capital: FM Sitharaman

Finance Minister Nirmala Sitharaman on August 24 met with Indian company executives and discussed ways to accelerate economic recovery. Sitharaman, who is in Mumbai on a two-day trip, stressed the importance of the government and industry working together to ‘build India’s equitable income’. The government believes in listening, working and responding and will add all …

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McDonald’s presents a K-Pop band BTS inspired dinner in India

McDonald’s on Tuesday received the much-anticipated BTS meal in India in the North and East of the country. The menu, presented in collaboration with the K-Pop BTS band known for songs such as Dynamite, MIC Drop, will be launched in the South and West regions on June 4. “The club has good memories of McDonald’s. …

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