In the ’70s, the storwel cupboard used to be a high priority purchase for households, and it withstood the test of time by being used by the next generation as well. The storwel subsequently slipped in ranking to become the next best purchase after the television. The two were proud possessions for households who clung [...]
The Swiss National Bank (SNB) shocked foreign exchange markets by setting a minimum exchange rate target of 1.20 francs to the euro on Tuesday, knocking back a currency rally which has threatened its economy with recession. Using some of the strongest language by a central bank in the modern era, the SNB said it would [...]
Lower cost a plus for these small-ticket borrowings in today’s macroeconomic uncertainty. Loan syndication from abroad appears to be the flavour of the season, after the euro zone debt crisis and the downgrading of US sovereign rating has raised doubts on investors’ appetite for foreign currency bonds issued by India Inc. Domestic banks and corporate [...]
India Inc does it all: Distribution beef-up, rural-specific products, lower price points. The myth about the great rural-urban divide in household consumption patterns has been busted. Bharat is indeed keeping pace with India when it comes to spending on most fast-moving consumer goods (FMCG), prompting companies to step on the gas with innovative marketing strategies. [...]
After tasting success with its newly launched premium ice cream range, Ahmedabad-based Vadilal Industries, the second largest ice cream maker in the country, is now planning to spread wings in the processed fruits business with its aamras brand, ‘Garden Fresh Kerino Ras’. The branded aamras and processed mango pulp category is all set to see [...]
Nalco has moved up smartly today on news that it has proposed to set up three hydro power projects with a combined capacity of 645 MW in locations identified by the state water resources department. The three projects include Balijhori hydro-electric project (160 MW) in Keonjhar district, Barmul hydro-power project (200 MW) in Nayagarh district [...]
Sony’s new tablet computers failed to excite gadget reviewers and analysts who criticised the pricing and quality of the devices, underscoring the battle Sony faces regaining its consumer electronics crown. Sony Corp is already late to the game with its first tablet, which hits stores this month, more than a year and a half after [...]
Silver prices spurted by Rs 1,046 to Rs 63,200 per kg in futures trade today, as speculators created fresh positions in tandem with a firm global trend. At the Multi Commodity Exchange, September silver spurted by Rs 1,046, or 1.68%, to Rs 63,200 per kg, with a business turnover of 671 lots. The December contract [...]
World Economic Forum includes three Indian companies in global list of 25 ‘Technology Pioneers’. The World Economic Forum (WEF) has nominated three Indian companies –Attero Recycling (Noida), First Energy (Pune), and FINO (Mumbai) — as ‘Technological Pioneers’, also termed by WEF as “visionary companies in the fields of information technology and new media, energy/environment and [...]
Oracle Corp suffered a significant setback as a USjudge discarded its $1.3 billion jury verdict against SAP AG, paving the way for a possible new trial in the years-long dispute. In a ruling released on Thursday, US District Judge Phyllis Hamilton called the $1.3 billion copyright infringement verdict against SAP “grossly excessive.” Oracle had [...]