India, China slow down Unilever’s sales growth
In China, sales growth within brick and mortar retailers slowed to 1% from 2% a year earlier. In India, we are going from very high rates of market growth to growth rates in the mid-single digits of growth, said Unilever finance chief.
Acute liquidity squeeze choking sales in rural markets, says HUL
Rural consumption, which accounts for about a third of the market came under...
Volvo Cars selects HCL Tech for IT services, digital transformation
The collaboration between the two organisations is expanding to include s...
Ola unveils self-drive car-sharing service ‘Ola Drive’
Ola Drive enables users to design their own package, controlling everything from the number of kilometres and hours to fuel inclusion and the ride-hailing firm intends to host a fleet of 20,000 cars for the service by 2020.
From cars to garments, the humble bamboo can be a pivotal part of manufacturing
Bamboo is a highly renewable grass yet stronger than steel. A bamboo tree matures in 4 to 5 years whereas a hardwood tree takes almost 60 years to mature. Unlike hardwood trees, bamboo can be harvested without adverse effect on the environment.
Air India buyer may be allowed to rename airline
A source close to the deal says now that they are planning for a complete exit from Maharaja in the second attempt to divestment, there is unlikely to be any precondition for retaining the name of Air India for any specific period of time like last year.
Cars24 has closed $100 million in Series D funding
Lead investors Unbound and KCK Global put in $25 million each.
IL&FS completes sale of wind energy assets to Orix
IL&FS said that it has completed the sale of its wind energy assets to Orix Corporation of Japan for Rs 4,900 crore, helping the debt ridden company to resolve its debt of over Rs 4,300 crore.
Pernod Ricard India sales grew 3% during July-September
The sale of spirits has been hit by a host of factors like high taxation, restrictive pricing, sporadic prohibitions, among others. India is one of the most profitable regions for Pernod globally and ranks next to the US and China.
Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal
Piyush Goyal said e-commerce companies have no right to offer discounts or adopt predatory prices. "We will take stringent action against them, if there is violation of any law in letter or in spirit. Action will be taken as per the law."
IL&FS completes wind power units sale to Orix for RS 4,800 crore
This move gives Orix, which previously owned 49% stake a 100 % ownership in each of the seven projects. The entire debt of around Rs 3,700 crore held in the seven SPVs will now be with Orix thereby resulting in no haircuts for the lenders.
Loans, credit cards, bank products: Don't fall for sales pitches
You must carefully evaluate the banking products to make sure that they are beneficial for your overall finances.
Volvo unveils fully-electric XC40 Recharge with Android operating system, price yet to be announced
The battery charges to 80 per cent of its capacity in 40 minutes on a fast-charger system.
Xiaomi sees 40 pc growth in offline sales during festive season
After recording a sale of over 5.3 million devices during the festive sale, Xiaomi on Wednesday said it has seen 30-40 pc growth in offline sales during festive season. Xiaomi also launched its latest Redmi Note 8 and Note 8 Pro smartphones.
Foreign players keen to invest in India’s logistics infra space: Detlev Mohr, McKinsey
Detlev Mohr feels that "there is big interest to invest in infrastructure because India will be probably the hottest growth play in the next 10 years in this area".
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service