India’s fast-moving consumer goods (FMCG) industry recorded an 11% year-on-year growth in value during the March quarter, according to NielsenIQ data. This was attributed to a 5.1% increase in volume and a 5.6% rise in average prices. Despite the easing of general inflation, rising edible oil prices kept staple goods expensive, contributing notably to the …
As per Business Standard reports, Jio Finance is preparing to enter the domestic capital market next week with a bond issue worth up to ₹1,000 crore. The non-bank financial company (NBFC), a wholly-owned arm of Jio Financial Services, aims to capitalise on favourable interest rate dynamics following recent policy changes by the Reserve Bank of …
Canara Bank reported a 33.19% year-on-year (YoY) rise in net profit, reaching ₹5,004 crore for the quarter ended March 31, 2025. Operating profit stood at ₹8,284 crore, up 12.14% YoY. Fee-based income grew 20.30% YoY to ₹2,335 crore. Earnings per share increased by 16.98%. The Board has recommended a final dividend of ₹4 per share …
Reliance Jio, part of Reliance Industries, further widened its lead in the Indian telecom sector by adding 2.1 million wireless subscribers in March 2025. According to data released by the Telecom Regulatory Authority of India (TRAI), this increase brought Jio’s total mobile user base to 469.7 million. Bharti Airtel also showed steady growth, gaining 1.25 …
Tata Motors Ltd, the automotive giant behind Jaguar Land Rover (JLR), saw its share price rise over 2% in early trade on Thursday, May 8. This jump came on the back of renewed optimism surrounding a potential trade agreement between the United States and the United Kingdom, as reported by the New York Times. US-UK …
Colgate Palmolive (India) finds itself embroiled in a growing dispute with its distributor network in Maharashtra. The All India Consumer Products Distributors Federation (AICPDF), which represents a wide base of FMCG distributors across India, has announced a suspension of product purchases from the oral-care giant starting 12 May 2024. The move stems from unresolved issues …
The Securities Appellate Tribunal (SAT) ruled that the Bombay Stock Exchange (BSE) cannot be held responsible for the actions of its subsidiaries. It cancelled a SEBI order that had fined BSE ₹3 lakh for supposedly breaking SECC rules through its subsidiaries’ investments. SEBI’s Allegation Against BSE SEBI had accused BSE of entering into businesses not …
Swiggy has entered into a strategic agreement with Kouzina Food Tech, granting it exclusive licenses for several of its digital-first food brands including The Bowl Company, Homely, Soul Rasa, and Istah. The agreement allows Kouzina to manage operations and potentially assume full ownership of these brands, aligning with its asset-light model to scale more efficiently. …
PB Fintech, the parent company of India’s largest insurance aggregator, Policybazaar, has announced its entry into the country’s rapidly growing healthcare industry. The company has launched a new healthcare venture, PB Health, securing $218 million in seed funding. The move signifies PB Fintech’s strategic diversification into hospital infrastructure while leveraging its core insurance expertise. PB …
The National Stock Exchange (NSE) has officially denied a news report that claimed it had contacted the government regarding its Initial Public Offering (IPO). NSE Responds on Social Media NSE took to its social media platform “X” (formerly Twitter) to clear the air. It said, “A news agency, Reuters, has published a story that NSE …
