The recently approved state excise policy, endorsed by the cabinet aims to boost the utilisation of locally cultivated fruits and herbs in liquor production and establish micro-distillation units in Uttarakhand’s hilly areas. With a targeted 10 per cent increase in revenue for the financial year 2024-2025, rising from Rs 4,000 crore to Rs 4,400 crore, […]
Globe Textiles India Limited (GTIL), a frontrunner in the textile industry engaged in manufacturing, supply, and trading of a wide array of textile and apparel products, including Denim jeans, Shirting fabrics, and cotton printed fabrics, has announced its ambitious plans to acquire Globe Denwash through the purchase of shares. According to a press release, this move […]
Panasonic unveiled their air conditioner lineup for 2024 on Monday, with 60 new models, the majority of which are inverter ACs. Panasonic Life Solutions India (PLSIND) recently announced the launch of India’s first matter-enabled room air conditioners, which are driven by its IoT platform Miraie. A matter-enabled gadget may be configured in a matter of […]
FMCG major Emami reported an 11.88 per cent increase in consolidated profit after tax to Rs 260.65 crore for the December quarter of 2023-24, aided by improved margins due to lower input prices. According to the company’s regulatory filing, the business had a net profit of Rs 232.97 crore in the October-December fiscal year 23. […]
Honasa Consumer, which owns and runs Mamaearth, recorded a 265 per cent increase in total net profit of Rs 26 crore for the quarter ended December. It cost Rs 7.1 crore a year ago. Revenue from operations in the third quarter climbed 28 per cent year on year (YoY) to Rs 488 crore, up from […]
Finance Minister Nirmala Sitharaman has presented the budget for the sixth time. On Thursday, she unveiled the interim budget for FY 2024-2025 ahead of the official government takeover in July 2024. Sitharaman expressed confidence in BJP’s victory in the upcoming general election this year. She stated, “In July 2024, our administration will present a comprehensive […]
Apple on Wednesday unveiled its newest office in Bengaluru, Karnataka. Nestled at the heart of the city in Minsk Square, the 15-storey facility is Apple’s latest effort at expansion in India. The Minsk Square office is equipped to house up to 1,200 employees, featuring dedicated lab spaces, collaborative areas and the renowned Caffe Macs. Its […]
The findings from the latest report suggested that about 90 per cent of the business leaders in India are planning to invest significantly in AI and generative AI. It added that Indian leaders are also interested in other investments such as 92 per cent in Cloud, 73 per cent in cybersecurity and 71 per cent […]
In a strategic move aimed at strengthening its position in the health and wellness sector, Tata Consumer Products is on the verge of acquiring Organic India, a prominent organic tea and Ayurvedic health products firm, according to media reports. Industry insiders suggest that an official announcement regarding the proposed acquisition, which is anticipated to be […]
A recent case study conducted by the Indian Institute of Management (IIM) Lucknow, commissioned by the Department for Promotion of Industry and Internal Trade (DPIIT), unveils a success story for the Indian toy industry in the fiscal year 2022-23. The study indicates a notable decline of 52 per cent in toy imports and an impressive […]
