Nestle has once again got into an unhealthy food controversy. Everyone would remember the maggi noodle controversy that Nestle was subjected to in 2015. It then took more than a year for Nestle to navigate the troubled waters. Again in 2021, the Company got a scare. This time an internal memo got leaked wherein the … Read more
Krishnamurthy V Subramaniam, the Executive Director of the International Monetary Fund (IMF), said on Tuesday that India will continue to be a driver for global growth in the foreseeable future. In an interview with ANI, he noted that India, ever since the COVID-19 pandemic, has witnessed consistent growth at 7 per cent plus. He predicted … Read more
Article Six of the Paris agreement sets out how countries can pursue voluntary cooperation to reach their climate targets. It enables international cooperation to tackle climate change and unlock financial support for developing countries. Under Article Six, countries can transfer carbon credits earned from reducing greenhouse gas emissions to help one or more countries meet … Read more
India’s industrial production rose by 5.7 per cent in February 2024, according to the official data released on Friday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 6 per cent in February 2023. India’s Index of Industrial Production grew by 5.7 per cent in February 2024, … Read more
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in … Read more
Hyundai Motor Company (HMC) and group firm Kia Corporation have signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd (EES) for electric vehicle battery localisation in India. (EES is a wholly-owned subsidiary of Exide Industries. It was established in 2022 to foray into the business of manufacturing Lithium-ion cells, modules and packs incorporating … Read more
Nestle India’s board has approved a staggered increase in royalty payout to the company’s Swiss parent Société des Produits Nestlé S.A. (The Company had in 2019 announced that it would seek approval of it’s shareholders every five years for royalty payments to it’s parent company.) Royalty will increase from current 4.5% of net sales to … Read more
RBI‘s monetary policy committee on Friday decided to keep interest rates on hold for the seventh successive meeting, stating that “growth has surpassed all projections but cautioned that food price uncertainties continue to weigh on the inflation trajectory going forward”. RBI governor Shaktikanta Das said, “Two years ago, when inflation was at its peak at … Read more