FMCG makers may see single-digit volume uptick in Q2 on stable demand

FMCG makers may see single-digit volume uptick in Q2 on stable demand

Industrial goods producers are anticipated to see a minor increase in production due to “steady” demand patterns throughout the latter half of the current fiscal year’s second quarter. Experts at Elara Securities note that the demand for FMCG (Fast-Moving Consumer Goods) products stayed constant, as rural expansion outpaced urban areas for the third straight quarter, … Read more

German NSA Pltner holds talks with counterpart Doval, EAM Jaishankar

German NSA Pltner holds talks with counterpart Doval, EAM Jaishankar

On Thursday, German National Security Advisor Jens Pltner engaged in private discussions with his Indian counterpart Ajit Doval and External Affairs Minister S Jaishankar, all in preparation for Chancellor Olaf Scholz’s upcoming visit to India in the coming month. Scholz is coming to India to have extensive discussions with Prime Minister Narendra Modi during a … Read more

Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route

Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route

The Indian Renewable Energy Development Agency, which is owned by the government, has been given the green light by the authorities to issue as much as Rs 4,500 crore in equity shares to eligible organizations for investment. The green light came through from the Department of Investment and Public Asset Management (Dipam) following the suggestions … Read more

Life Insurance companies’ new business premium rises 22% in August

Life Insurance companies' new business premium rises 22% in August

Life insurance firms’ yearly new premium amounts rose by 21.8 percent compared to the previous year (YoY) to Rs 32,644.09 crore in August, with the surge supported by strong increases in new premium figures from the state-owned Life Insurance Corporation (LIC). The growth in LIC’s business premium segment increased by 35.1 percent, reaching Rs 19,309 … Read more

GST Council to discuss taxing of insurance costs, gaming on the internet

GST Council to discuss taxing of insurance costs, gaming on the internet

On Monday, the GST Council is anticipated to discuss numerous topics, such as how to tax insurance premiums, the government of Maharashtra’s recommendations on adjusting tax rates, and an update regarding the status of online gambling, according to sources. Information indicates that the group responsible for approving installations, made up of both national and regional … Read more