MUMBAI: Marico has snapped up a 60% majority stake in D2C wellness brand Cosmix for Rs 226 crore, ramping up acquisitions of new-age startups as consumers seek better choices and varied options catering to specific needs, increasingly shunning run-of-the-mill products.Cosmix sells a range of plant-based protein powders and functional superfood blends. The development comes days…
NEW DELHI: Air India Express will invest $70 million (Rs 633 crore) on product upgrade and standardisation as the LCC is going to reposition itself between a low cost and a full service carrier.Sources say the $70 million programme is to upgrade its legacy fleet and standardise the 50 white tails (made for some other…
The Unique Identification Authority of India (UIDAI) has deactivated more than 2.5 crore Aadhaar numbers belonging to deceased individuals as part of a nationwide database clean-up exercise aimed at preventing identity misuse and fraud, the government informed Parliament.The move is part of efforts to maintain the accuracy and integrity of the Aadhaar ecosystem, which remains…
US markets traded mixed on Wednesday as renewed selling in technology stocks — led by a sharp fall in Advanced Micro Devices — weighed on sentiment despite gains in several non-tech sectors, according to AP.Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026…
US President Donald Trump and Prime Minister Narendra Modi on February 2 surprised everyone with the India–US trade deal, announcing a reduction in tariffs on Indian goods entering the American market from 50% to 18%, lower than those faced by most Asian neighbours.Trump also confirmed that the punitive 25% duty imposed on India for buying…
US equities moved in mixed territory early Wednesday, with technology stocks continuing to weigh on sentiment, while gold prices rebounded and moved back above the $5,000-per-ounce mark as investors sought safe-haven assets.The S&P 500 slipped 0.1% in early trade, coming off its fourth modest decline in the last five sessions. The Dow Jones Industrial Average…
MUMBAI: Optimism in India up 7% on stable governance, policy continuity, and easing pressure from key economic indicators. according to the latest What Worries the World survey by Ipsos.About 69% of Indians now say the country is headed in the right direction, up 7 percentage points in a month, placing India second globally alongside Malaysia…
The government has planned to manufacture 260 rakes of Vande Bharat Sleeper trainsets as part of efforts to upgrade long-distance rail travel with advanced safety systems and passenger comfort features, according to Union minister Ashwini Vaishnaw in a written reply in the Lok Sabha.The programme will be executed in phases covering prototype development, testing, trials…
The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused…
Benchmark indices ended the day with modest gains, supported by stock-specific buying in select large-cap counters despite a largely sideways trading session. The Sensex closed at 83,817.69, up 78.55 points, while the Nifty50 settled at 25,776.00, gaining 48.45 points and remaining above the 25,750 mark.Trent and Eternal were among the top performers, rising around 5…