Sector: Brands
Johnson-Hitachi to halve imports, double exports over next 1 year
The move comes amidst the shrill calls for boycotting Chinese goods following violent skirmishes on the Leh border earlier this month that lead to the killing of 20 Indian soldiers. The government sees the air-conditioning industry as a priority sector for generating jobs along with furniture, leather and footwear. Leading air-conditioner maker Johnson Controls-Hitachi India … Read more
Behind the Jio investment rush
That could either have meant that Jio Platforms would raise about $5.7 billion more, or sell another 10% stake. But as it turns out, the company has ended up selling an additional 12.4% stake already to global investors, and has raised $8 billion more. At the rate Jio Platforms is signing up investments—$1.3 billion per … Read more
Near-term outlook for FMCG sector ‘extremely uncertain’, says HUL
While describing the current situation as “much more uncertain than normal”, the FMCG major added that it is confident about its ability to manage the immediate crisis, news agency PTI reported. “The situation remains volatile with the trajectory of the virus undetermined, evolving hot spot geographies, the success of containment measures uncertain, the severity and … Read more