MUMBAI: The Indian fast moving consumer goods (FMCG) industry has recorded a recovery trend with a doubledigit value growth of 10.2% in the March quarter of 2023. According to the latest numbers by Nielsen IQ (NIQ), this value growth is driven by revival in consumption in rural markets and traditional trade, which were under duress […]
FMCG revival? Business grows 10% in March quarter: Report Read More »
NEW DELHI: Record high airfares hurting passengers could rise even further following yet another instance of foreign lessors facing roadblocks in repossessing their aircraft from a troubled Indian carrier. Leasing aircraft could cost 2025% more for startups and financially weak Indian carriers after the Go First case where lessors are now barred from taking their
Why aircraft lessors’ woes may lead to costlier flights Read More »
MUMBAI: Larsen & Toubro’s A M Naik (80) will step down as nonexecutive chairman of the company, which he had joined in 1965 as a junior engineer. He will hand over the reins to CEO & MD S N Subrahmanyan (63), who will take over as executive chairman from October 1, when Naik becomes chairman
Naik hands over L&T’s reins to Subrahmanyan Read More »
NEW DELHI: MG Motor is ready to give up majority shareholding in India car business and is in “advanced negotiations” for equity sale with a clutch of suitors, that include Reliance Industries, Hero Group, Premji Invest and JSW Group, sources have said.The move by MG, a British car brand owned by Chinese auto giant SAIC,
MG in talks with RIL, Hero for stake sale in Indian operations Read More »
