NEW DELHI: Union minister Ashwini Vaishnaw has said that the world is looking at India as a global production hub and as a destination for the co-creation of technology, developing new applications and for domestic demand.Vaishnaw, who is part of a delegation of Union ministers and state chief ministers at Davos, to pitch India as…
BENGALURU: LTIMindtree has named its former president, Venugopal (Venu) Lambu, as its new CEO for five years. Operating from London, Lambu represents a rare instance of a senior executive returning to assume the CEO position at his former company. He has joined the board of directors at LTIMindtree. A three-decade IT veteran, Lambu was chosen…
MUMBAI: Patanjali has recalled four tonnes of 200 gram red chilli powder packs following a directive from the Food Safety and Standards Authority of India which found the product packs to be in non-conformance with FSSAI regulations. The product samples when tested were found not conforming to the maximum permitted limit of pesticides residue, the…
NEW DELHI: You won’t have to worry about overindulging with this one! Low-alcohol and no-alcohol beers are steadily gaining traction as Gen Z and millennial consumers, along with a growing focus on health, drive a dramatic shift in the beer market.While the numbers remain small, with only a few companies currently leading the charge, industry…
NEW DELHI: The weaker rupee has led to IndiGo reporting 18% decline in its Q3 profit to Rs 2,449 crore from Rs 2,998 crore in Oct-Dec 2023. This is despite a 14.6% increase in total income from Rs 20,062 crore in Q3 FY24 to Rs 22,993 crore in the same period this fiscal and benign…
MUMBAI: As businesses increasingly navigate a volatile world, access to data and information backed by technology has become key to protecting their turf and winning customers. For legacy organisations, the stakes are higher – they need to pitch their brands to young, tech-savvy consumers alongside fending off competition in a market where a spate of…
MUMBAI: Tata Electronics has acquired a 60% stake in Taiwanese contract manufacturer Pegatron‘s India unit that operates an iPhone plant in Tamil Nadu. This follows Tatas’ earlier acquisition of Wistron’s India operations in Karnataka in March 2024.The financial details of the stake acquisition remain undisclosed. This transaction positions Tata Electronics as a major Apple supplier…
MUMBAI: Mobile phone purchases have become a key channel for individuals in the informal sector to get into the formal credit system. While the Jan Dhan Yojana provided everyone with bank accounts, availability of mobile phones on EMI is providing them with a credit history, opening the doors for other loans.“The key channels for the…
Budget 2025 income tax: It is anticipated that with the thrust of the Government on the adoption of the new tax regime, there may be no changes to the old tax regime. (AI image) By Parizad SirwallaBudget 2025 income tax expectations: Ever since the last Union Budget was presented in July 2024, the world has…
NEW DELHI: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the iconic Amul brand, has announced a price reduction of Re 1 per litre for its one-litre milk packs across India. The move, aimed at promoting the purchase of larger packs, was confirmed by GCMMF managing director Jayen Mehta.“We have reduced…
