Bhupendra Singh ChundawatHindustan Unilever (HUL) has reportedly inked pact with Mondelez India to launch the cookie brand Cadbury Oreo and Cadbury Gems in a perfect mix with HUL’s Kwality Walls frozen dessert range. The combination of the creaminess of Kwality Walls cream and the crunch of Oreo and Gems will entice the consumers who are constantly looking … Read more
Bank of Maharashtra (BoM) has joined hands with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate. Bank of Maharashtra offers several … Read more
SpiceJet will induct six more Boeing 737-800 NG aircraft on dry lease. These six aircraft are in addition to the 16 B737s and 5 Q400s that the airline will soon induct. The total number of planes to be inducted in the immediate future now stands at 27. The airline has applied to the Directorate General … Read more
Hindalco Industries’ wholly owned subsidiary — Novelis Inc., is supplying Toyota Motor Corporation with premium aluminum automotive body sheet for the all-new 2019 Toyota RAV4. The RAV4 is Toyota’s number-one-selling vehicle and the best-selling non-pickup-truck in the country. With a new-and-improved design that includes Novelis aluminum in the hood, fenders and lift gate, the fifth-generation … Read more
Mumbai : With positive market sentiments, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) jumped to Rs 78,110 crore at the end of March. According to Securities and Exchange Board of India (SEBI) data, total value of P-note investments in Indian markets including equity, debt and derivatives, at … Read more
The World Steel Association in its latest report ‘Short Range Outlook April 2019’ has said India’s steel demand is likely to grow above 7 per cent in the current year (2019) as well as next year (2020). The wide range of continuing infrastructure projects may support growth in steel demand of India. The global steel … Read more
The rating agency ICRA in its latest report has said that the issuance of government-fully serviced bonds (GoI-FSBs) has significantly shot up to Rs 64,192 crore during the financial year 2019 as compared to Rs 15,095 crore during FY18. It noted that such borrowings are estimated to have accounted for 0.34 percent of Gross Domestic … Read more
