Exempted establishments get wider debt investment options under new govt rules NEW DELHI: Bringing parity with the establishments covered directly by the Employees Provident Fund Organisation (EPFO), govt has widened the debt investment options for exempted establishments by permitting investment in rupee-denominated bonds issued by four major global financial institutions, provided they have a minimum…
Sanitary napkins drive feminine hygiene growth as rural penetration surges NEW DELHI: Feminine hygiene, largely an urban-led category in India, is finding its next leg of growth in rural markets, where penetration is rising rapidly and bringing more households into the category.Rural penetration for feminine hygiene products surged from 28% (MAT June 2022) to nearly…
US-Iran talks, crude prices, bond yields to drive investor sentiment NEW DELHI: Investors will focus on geopolitical developments, crude oil prices, bond yields and macroeconomic data announcements to determine market trends during the holiday-shortened week ahead, analysts said.According to experts, the US-Iran diplomatic talks and crude oil prices will drive global market sentiment.“Globally, developments around…
France’s baguette gets a fuel shock France’s beloved baguette is getting harder to make for bakers. And the problem isn’t finding the right magic to keep its signature crust intact, it starts even before the recipe does!Bakers are facing an unlikely financial and fuel squeeze, having to spend more just to keep their ovens burning…
Bank customers planning to visit branches this week may need to reschedule their plans as several bank closures are lined up between September 28 and October 4. Lenders across the country will observe a three-day nationwide strike as well as a major national holiday during the week, potentially disrupting over-the-counter banking services in several states.Bank…
Canadian Minister of Foreign Affairs, Anita Anand with Jaishankar NEW DELHI: India and Canada are preparing to take their bilateral relationship “to a higher level”, external affairs minister S Jaishankar said after meeting his Canadian counterpart Anita Anand on the sidelines of the United Nations General Assembly in New York.Jaishankar described the discussion as “productive”…
Made-in-India electronics get PLI boost as firms draw Rs 20,580 crore investment From making more phones at home to sending them overseas, India’s electronics manufacturing push has clocked up a sizeable government payout. Large-scale electronics manufacturing companies have received Rs 19,090.98 crore in incentives up to June this year, the highest among the sectors covered…
NEW DELHI: Managers of great hotels in India now worry about one thing the chefs there don’t have to lose sleep over — visits by anonymous Michelin inspectors to see if a property has earned the stars; if it remains good enough to retain them or move up the ladder from one to two and…
Foreign Secy Vikram Misri meets US Congressional delegation Foreign secretary Vikram Misri on Sunday met a bipartisan US Congressional delegation led by House Foreign Affairs Committee chairman Brian Mast, as the two sides discussed the recently enacted Sanctioning Russia and Iran Act (SRIA), strategic ties and energy security.The talks also covered the future course of…
Why cheaper diesel could come with a gasoline price shock A possible US restriction on diesel exports could have a mixed impact on fuel prices. Diesel prices in the US could fall at first as more fuel stays in the country, but gasoline prices could later rise if refiners are forced to cut production, Goldman…
