The Health Ministry on Tuesday ordered government agencies to enforce a new rule for bigger health warnings on tobacco packets, stepping up a fight against the $10-billion cigarette industry that has shut down its factories in protest.
ITC Ltd, India's top cigarette maker, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.
The government has lowered its sugar output estimate by 1.4 per cent from a previous forecast, an official source said on Tuesday, potentially boosting prices and helping money-losing mills after six straight years of surplus production.
Multi-brand retail chain V-Mart plans to open stores in eastern states such as Jharkhand and Odisha next fiscal to take the number of its outlets to 150.
LT Foods on Friday said the acquisition of Hindustan Uniliver Ltd's (HUL) branded rice business will help the company to strengthen position in the middle-east market.
Colgate, had earlier said it expected to complete the programme this year and cut about 2,700 to 3,200 positions.
Stressing that the government is committed towards reforming the subsidy structure, Petroleum Minister Dharmendra Pradhan on Wednesday said 83 lakh people have voluntarily given up their LPG subsidy so far.
Indian sugar mills signed export deals this week, the first in nearly two months, as an incentive by the top producing state Maharashtra and a rally in global prices of the sweetener made overseas sales attractive, industry sources told Reuters.
Cane scarcity has forced Indian sugar mills to close operations ahead of normal schedule and more than 100 factories have stopped crushing, a trade body said on Wednesday.
Sugar mills in Maharashtra, which typically operate over November to April, have started closing down earlier than usual as the first back-to-back drought in nearly three decades hit cane supplies in the country.
The Competition Commission of India on Wednesday rejected a complaint of unfair business practices made against Asian Paints with regard to painting services provided for a house in Kolkata.
Beverages major Coca Cola on Monday announced its foray into the value-added dairy drinks segment in the Indian market with brand Vio, which will make its debut across the country next month.
Nestle has lost a long-running court battle to trademark the four-finger shape of its KitKat chocolate bar in Britain.
The government has set an ambitious target of opening 10,000 new LPG dealerships in 2016 on top of around 16,000 existing dealers in the country.
Indian domestic sugar prices have surged, boosting incentives for production of low-quality white sugar for the local market and giving Brazil a competitive edge in the export market.
The country's e-commerce market is likely to touch $38 billion mark in 2016, a massive jump over the $23 billion revenues clocked by the industry in 2015, according to an Assocham study.
In the aftermath of the Maggi crisis, Nestle India is aggressively trying to increase the consumption of its flagship instant noodles brand eyeing double digit growth, a top company executive said.
As a year of David vs Goliath in retail market draws to a close, the newbies' gang of Flipkarts and Snapdeals are forcing Ambanis and Birlas of supermarket chains to join the burgeoning e-commerce landscape.