Both the Agrawal family and Temasek have signed a term sheet for a stake sale by the Agrawal family

Haldiram

Stock Market Highlights, January 8, 2025: The benchmark equity indices showed great resistance on Wednesday as the BSE Sensex reovered around 650 points from its day's low to settle at 78,141.06, down

Stock market

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

Nirmala Sitharaman, Sitharaman

Adani Wilmar Ltd (AWL), India's largest edible oil company, is adopting a strategy similar to ITC's by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources.
Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth.
Following the exit of the Adani Group, Wilmar may further capitalise on this approach by introducing more global FMCG brands into the Indian market, sources aware of the matter said.
In the December quarter, AWL's FMCG business achieved a 24 per cent year-on-year growth in volume, underscoring its efforts to expand both its food and FMCG product offerings. Consequently, the share of food and FMCG in overall volumes increased to 20 per cent, while its share in total revenues rose to 9 per cent, up from 10 per cent and 5 per cent, respectively, in FY21.
This shift mirrors 

Adani Wilmar

The Commission for Air Quality Management (CAQM) has revoked the Stage-III actions under the Graded Response Action Plan (GRAP) in Delhi-NCR following a significant improvement in the air quality index (AQI).Stage-I and Stage-II measures, however, will remain in effect, officials said on Sunday.The decision comes after the Sub-Committee on GRAP reviewed the air quality data and the IMD/IITM forecasts, noting a downward trend in AQI levels.Owing to the favourable meteorological conditions and better wind speed, the AQI of Delhi has been continuously improving and has been recorded as 339 at 4:00 PM and 335 at 5:00 PM and the trend/ forecast indicates the AQI levels to further go down_ As per the Air Quality  &  Weather, forecast provided by IMD/ IITM, there is a further likelihood of AQI of Delhi to remain in 'Poor' category in the coming days owing to favourable meteorological conditions, a release said.The CAQM had on Friday invoked Stage-III curbs under the GRAP across the ...

Pollution, Gurugram Pollution

Haryana minister Rao Narbir Singh has said that the foundation for Gurugram's prosperous future will be laid over the next five years through improved connectivity and a robust road network, officials said on Sunday.
Badshahpur MLA Singh, who is the minister for industries, commerce, environment, forests, and wildlife, said as part of the ongoing efforts to develop infrastructure in the district, an elevated road will be built from the Gurugram-Jaipur National Highway to Vatika Chowk, along with four flyovers from Vatika Chowk to Ghata at an estimated cost of Rs 800 crore.
According to an official statement, Singh said a detailed project report (DPR) for this crucial project to be executed by the Gurugram Metropolitan Development Authority (GMDA) is currently being prepared, and work on the ground will commence soon.
The minister was addressing a gathering during a visit to Vatika City in Sector 49.
"It is our collective responsibility to turn Gurugram into a beautiful and clean ci

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.
In a strongly worded letter to US Attorney General Merrick B Garland, Congressman Lance Gooden, member of the House Judiciary Committee, demanded answers on the Justice Department's selective prosecution of foreign entities and the potential harm such actions pose to US's global alliances and economic growth and that if there is any Geroge Soros connection to it.
The Department of Justice's selective actions risk damaging critical alliances with key partners like India, one of America's strongest allies in the Asia-Pacific region, Gooden said in his letter dated January 7.
Instead of pursuing cases with tenuous jurisdiction and limited relevance to US interests, the DOJ should focus on punishing bad actors at home, rather than chasing

Gautam Adani, Adani

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

electric two wheeler

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

Waller said that while it was true inflation "appears to have stalled" above the Fed's 2% target in the waning months of 2024

US Federal Reserve

Amid cheers from the public, Prime Minister Narendra Modi, accompanied by Andhra Pradesh Chief Minister N. Chandrababu Naidu and his deputy Pawan Kalyan, undertook a brief roadshow here on Wednesday.
People gathered in large numbers, showered flowers on the leaders as they traveled atop an open vehicle, waving back.
The entire stretch was decked up with the party flags of TDP, BJP, and Janasena.
Starting from Sampath Vinayak temple in the port city, the roadshow reached Andhra University's engineering college ground, where a public meeting has been scheduled.
On reaching the venue, Modi will virtually lay the foundation for a slew of projects and inaugurate a few more, which include NTPC's integrated green hydrogen hub at Pudimadaka in Anakapalli district, bulk drug park in Nakkapalli, a couple of railway doubling works and others.

PM Modi roadshow

The purpose of the meeting was to brief the parties on the implementation of the Model Code of Conduct (MCC) and Election Expenditure Monitoring measures to ensure free, fair, and transparent election

Congress BJP flags

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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More cuts likely though timing depends on inflation front: Fed's Waller

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