Business

The United Nations has revised India's growth projections for 2024, with the country's economy now projected to grow about seven percent this year, driven mainly by strong public investment and resilient private consumption.“India's economy is projected to grow by 6.9% in 2024 and 6.6% in 2025, driven mainly by strong public investment and resilient private consumption,” said the World Economic Situation and Prospects to mid-2024 released on Thursday. "Even though weak external require will continue to weigh on merchandise export growth, exports of pharmaceuticals and chemicals are expected to expand strongly". The mid-year update projected economic growth of 6.9% for India is higher than the 6.2% GDP forecast made by the United Nations in January this year. The UN World Economic Situatio...

Endurance Technologies' share price rose more than 14% in Friday's session following the company's strong Q4 results. The company's consolidated profit after taxes (PAT) for the quarter ended March rose 54% year-on-year to ₹210.2 crore from ₹136.5 crore, according to exchange filings. Endurance Technologies' consolidated total income grew 20% year-on-year to ₹2,255.2 crore from ₹2,711.3 crore. Share price of Endurance Technologies opened at ₹2,202.25 on BSE today, the stock touched an intraday high of ₹2,317.55 and an intraday low of ₹2,166.45.According to Ruchit Jain, Principal Research Analyst at 5paisa, the share price of Endurance Technologies is forming a higher top higher bottom structure and hence the trend remains positive. For the short term, the stock has support around ₹2,000-2...

After Singapore and Hong Kong, Nepal has also took a decision to ban the consumption and sale of spices made by Everest and MDH amid concerns over traces of harmful chemicals in the products. Nepal's Department of Food Technology and Quality Control has began testing the spices from the two Indian brands for ethylene oxide, a cancer-causing pesticide, ANI reported. "Everest and MDH brand spices have been banned from import... we also have banned the sale of them on the market. This comes after the news about traces of harmful chemicals in the spices," Mohan Krishna Maharjan, spokesperson of Nepal's food technology department, told ANI. "Tests are underway for the chemicals in the spices of these two particular brands. The ban will remain in place until the final report comes up,"...

PhonePe on Wednesday(15, May 2024) joined hands with LankaPay to allow its users to pay using UPI across Sri Lanka. To mark the partnership, PhonePe said its app users traveling to Sri Lanka can do payments using UPI across LankaPay QR merchants. The transactions will be promoted by the UPI and LankaPay National Payment Network. Users can now scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. The amount will be debited in INR, displaying the currency exchange rate. PhonePe's CEO, International Payments, Ritesh Pai, said the partnership with LankaPay offers unparalleled convenience to Indian tourists who can now use a familiar and secure payment method while travelling and paying across LankaQR merchant points.

Oil prices enlarged from the precedent session on Thursday on signs of stronger demand in the US, where data showed affectation slower than markets expected, and bolstering arguments for interest rate cuts that could lead to further consumption.Brent futures enlarge 32, or0.4, to$83.07 a barrel at 0620 GMT, while U.S. West Texas Intermediate crude( WTI) increase 31, or0.4, to$78.94.IG Markets strategist Yep Jun Rong said that" the more subdued reading for US April inflation and the weaker- than- expected reading in US retail sales provide way for the Fed to consider an earlier rate cut, raising market prospects and “ Are growing more explosively. The policy relaxation will start in September this year”.“The larger- than- expected decline in U.S. crude inventories last week also provided s...

Johnson’s Baby, a pioneer in baby skincare launches a digital film titled ‘The Long Wait for Day 1’, a heartfelt tribute to mothers and their motherhood/pregnancy journey. On Mother’s Day, Johnson’s Baby’s latest film conceptualized by DDB Mudra celebrates the different journeys of mothers, including adoption, in vitro fertilization (IVF), or preterm and reinforces the brand’s commitment to supporting motherhood in all its forms. The campaign emphasizes that every mother has a unique journey to Day 1, but every mother promises to protect their baby, and Johnson's Baby partners with mothers throughout this journey. The beautiful montage culminates with the brand’s commitment: ‘Pehle pal se protection haihar maa ka aur hamara vaada’. The film 'The Long Wait for Day 1', part of Johnson...

Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500 crore on the stock exchanges. In conversation with Aggam Walia, Ravi Chawla, Managing Director and CEO, Gulf Oil India, talks about tackling the EV threat, Gulf's acquisitions in the EV sector and the role of lubricants in improving fuel economy.The lubricants market, at least in India and Asia, is set to grow well. When we say good growth 7% to 8% growth in automobiles, generally there will be half of that growth in lubricants as a p...

The percentage of promoters' pledged stake declined from 1.17% in the October-December 2023 quarter to 1.1% in the March 2024 quarter, a report by Kotak Institutional Securities said. In the last quarter of FY24, promoters of 73 companies in the BSE-500 index have pledged part of their stake and the value of pledged promoter holdings was Rs 1.96 lakh Crore or about 0.56% of the market capitalization of the total BSE-500 index. The report said that “Our analysis of pledged holdings of BSE-500 shares shows that the value of promoter (majority shareholder) pledged stake as a percentage of promoters holding declined marginally to 1.10% from 1.17% in the March 2024 quarter”.Promoters pledge shares as security to secure loans to meet any financial support necessity. This is a common pra...

Safed Detergent announces a poignant tribute this Mother’s Day with its latest campaign. Under the banner "Na koi daag, Na koi bhed, ek maa hi to hai, jiska dil hai sabse safed” (No stains, no differences, only a mother whose heart is the purest), the campaign celebrates the unwavering purity of maternal love. In a world often marred by biases and divisions, Safed Detergent's campaign emphasizes the universality of a mother's love, transcending all boundaries. Ritum Jain, Director at Safed Detergent, underscores the significance, stating, "We celebrate the unmatched purity of a mother's heart and honor all mothers." https://youtu.be/eeWIvyYmVts The campaign's emotional resonance lies in its depiction of boundless love and unconditional acceptance, sparking conversations globall...