Flipkart and Chinese smartphone manufacturer OnePlus have been fined Rs 30,000 for marketing a used phone as new. In addition to the penalties, the State Consumer Disputes Redressal Commission in Chandigarh has ordered that the firms repay the whole money paid by the complainant, Ashwani Chawla. Padma Pandey and Preetinder Singh, commission members, presided over the […]
Titan Company on Monday revealed the completion of a deal to acquire the remaining 0.4 per cent stake in its subsidiary CaratLane, equivalent to 1,19,489 shares. With Titan presently holding a 99.64 per cent stake, this transaction will transition CaratLane into a wholly-owned subsidiary of Titan. The company disclosed in an exchange filing that it […]
Retail inflation data is anticipated to be revised after the most recent household consumption expenditure survey revealed that the percentage of food and cereal consumption has declined dramatically. Food accounts for roughly 46 per cent of the consumer price index (CPI), according to the 2011-12 household consumption expenditure survey. The most recent statistics for 2022-23, […]
Biggies Burger, a homegrown burger restaurant, has secured an undisclosed sum in pre-series A fundraising at a valuation of Rs 210 crore, the company announced in a press statement on Monday. With this cash, the business intends to expand its marketing operations. “We are incredibly excited to leverage these resources to further strengthen our brand, […]
Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), news agency Reuters reported. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by 15 March, leading to disruption […]
Danone and Nestle, the leading consumer goods companies, said on Thursday that they will slow price rises in 2024, following two years of hikes that pushed many buyers to seek cheaper alternatives for essential items such as yoghurt and coffee. However, Danone, which owns brands such as Evian and Badoit waters and Activia yoghurt, warned that prices […]
Yum Restaurants India sold its whole 4.4 per cent share in Devyani International on Wednesday for Rs 871 crore in an open market transaction. Devyani International, the Quick Service Restaurant (QSR) operator, is a franchisee of Yum Brands, which runs KFC, Pizza Hut, and Taco Bell in India. SBI Mutual Fund (MF), Axis MF, Franklin […]
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level. The Monetary Policy Committee of the RBI in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo […]
The All-India Consumer Price Index (CPI) for Agricultural Labourers and Rural Labourers witnessed a modest increase in January 2024, with both indices rising by 1 point each. Released by the Ministry of Labour and Employment (MoLE), the CPI for Agricultural Labourers now stands at 1258 points, while the CPI for Rural Labourers stands at 1268 […]
The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
