BUSINESS

India's Concern Over Nestle Baby Food Sugar Study Leads to Drop in Nestle India's Share Prices
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The Indian government has taken notice of this issue and is reportedly investigating the addition of sugar to baby food products.
UK Acknowledges Progress in India FTA Talks Regarding Market Access
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During a recent session in the House of Lords, UK Foreign Secretary David Cameron fielded inquiries from British peers regarding the state of religious freedom in India. The restructuring of the BBC, necessitated by India's foreign direct investment (FDI) regulations, sparked questions from Liberal Democrat peer Lord Jeremy Purvis. He specifically raised concerns about the level of market access granted to India, particularly in the realms of media, data, and telecoms, within the framework of FTA negotiations.
Discrepancies in Nestle's Baby Food: Sugar Addition Variances Between India and Europe
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The study uncovered that in India, every serving of Cerelac baby products contains an average of nearly 3 grams of added sugar. This stands in stark contrast to the sugar-free versions available in Germany and the UK, and products in Ethiopia and Thailand which contain almost 6 grams per serving.
India's Economic Ascendancy Amidst China's Slowdown: IMF Endorses Modi Government's Policies
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The report attributes India's robust growth to robust domestic demand, fueled by substantial government spending on critical infrastructure projects like highways, railways, ports, and power plants, alongside a resurgence in rural consumption. Investments in agriculture, rural employment schemes such as MNREGA, and initiatives supporting women self-help groups have further stimulated rural demand, expanding the market for industrial goods.
ICRA Report Forecasts Addition of 13,000 Kilometers of Highways in India for 2024-25
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The report highlights that the ongoing fiscal year will witness a brisk pace of execution, supported by a substantial pipeline of projects totaling over 45,000 kilometers as of March 2024. Moreover, bolstered by an increased capital outlay by the government and a steadfast commitment to project completion by the Ministry of Road Transport and Highways, the momentum is expected to remain strong.
Blaze Engulfs Copenhagen's Iconic Historic Stock Exchange
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As smoke billowed and flames licked the sky, authorities swiftly cordoned off surrounding streets, bracing for the battle ahead. This wasn't just a fire; it was a threat to a cherished piece of Copenhagen's architectural heritage.
India's Market Access for US Products: Biden Administration's Perspective
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Tai noted that in June of the previous year, India and the United States successfully closed six WTO disputes, leading to the removal of retaliatory tariffs on multiple US products by India. This move facilitated increased market access for items such as chickpeas, lentils, almonds, walnuts, and apples, directly benefiting farmers nationwide, particularly those in Michigan, Oregon, and Washington.
IMF Upgrades India's Growth Forecast to 6.8% for 2024
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India maintains its position as the world's fastest-growing economy, outpacing China, which is forecasted to grow at 4.6 per cent during the same period.
Patanjali's Apology for Misleading Ads: Baba Ramdev and Acharya Balkrishna Address Supreme Court
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In a sincere gesture, Baba Ramdev expressed, "We tender an unconditional and unqualified apology for whatever mistake we made," before a bench headed by Justice Hima Kohli.
Upcoming Government Bond Auction: Rs 24,000 Crore on Offer This Friday
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In the first segment, the offering includes the '7.37 per cent Government Security 2028,' set at a notified amount of Rs 12,000 crore, utilizing a price-based auction employing the multiple price method. Meanwhile, the second category comprises the 'New Government Security 2064,' totaling Rs 12,000 crore (nominal), to be auctioned through a yield-based approach, also using the multiple price method.
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