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cabinet briefing by ashwini vaishnaw

Ballari-Guntakal Rail Project: Cabinet approves Rs 1,264-crore Ballari-Guntakal rail project to boost freight, passenger connectivity

File photo: Union minister Ashwini Vaishnaw speaks during a cabinet briefing, in New Delhi The Union cabinet on Friday approved a Rs 1,264-crore railway project to add a third and fourth rail line on the Ballari-Guntakal section across Karnataka and Andhra Pradesh, aiming to ease congestion, improve freight movement and strengthen connectivity along a key...
itc

ITC is now 2nd largest FMCG co by revenue

ITC chairperson Sanjiv Puri, on Thursday, said the company aspires to become India’s number one FMCG player, telling shareholders at the annual general meeting that its non-tobacco FMCG business has crossed Rs 24,000 crore in revenue.The milestone makes it the second-largest FMCG company by revenue after Hindustan Unilever, ahead of Nestle (Rs 23,200 crore in...
132594643

Eight Roads, 2 others to sell stake in Shadowfax

​ Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax​ MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the...
samsung

New launches, financing may give foldable phones a boost

NEW DELHI: Competition in India’s premium smartphone segment is set to intensify later this year as Apple prepares to enter the foldable smartphone market, challenging Samsung’s long-standing dominance in a category that, while still niche, is expected to continue growing despite an overall slowdown in handset demand.Samsung, currently commands about 89% of India’s foldable market,...
flipkart food delivery

Flipkart to enter food delivery space in a month

Flipkart to start food deliveries from next month NEW DELHI: The food delivery space is set to get hotter with Flipkart planning a foray over the next 30 days.“Food delivery is another customer use case within our broader e-commerce platform. We will begin with a pilot, learn from it, and decide how to scale across...
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