The Competition Commission of India has ordered a detailed probe into French spirits giant Pernod Ricard and seven other entities for alleged cartelisation in the Indian-made foreign liquor market. The investigation will examine restrictive conduct by Pernod Ricard with retailers and wholesalers, potentially violating competition laws. The CCI’s Director General will lead the inquiry, looking
Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology, and immunology. The company is moving further up the value chain in India, with early scientific discovery and Phase I studies beginning to take shape.
ADB Chief Economist Albert Park anticipates crude oil prices will remain elevated for an extended period due to the prolonged Middle East crisis. This higher oil price expectation is projected to shave 0.6% off India’s GDP growth, bringing it to 6.3%, and significantly stoke inflation in the current fiscal year.
New rules under the Code on Social Security mandate gig and platform workers to work 90 days with one aggregator for social security benefits. Those working with multiple platforms need 120 days. Aggregators must register workers and face a 12% annual interest for delayed contributions.
Selling abates, foreign funds in no rush to buy: Goldman Sachs
A distant Middle East conflict is now impacting Indian households, driving up costs for everyday essentials like LPG, cooking oil, and dry fruits. Furniture, electronics, and even paint are becoming pricier due to rising petrochemical and shipping expenses. Air travel and fuel prices are also climbing, with potential for further hikes as oil companies face
Gold and silver prices are expected to trade within a narrow band this week, with investors closely watching US-Iran peace talks and key global economic data. Analysts noted that while gold’s momentum appears steady, silver shows positive movement. Geopolitical tensions and central bank buying are also influencing precious metal markets.
Indian markets brace for volatility this week, driven by US-Iran tensions and crude oil price swings. Investors will also scrutinize crucial inflation data from India and the US for interest rate clues. Key corporate earnings are also on the radar, alongside foreign investor activity, shaping market sentiment.
State-owned oil companies are facing over Rs 1 lakh crore in losses due to soaring global fuel prices, with daily under-recoveries reaching Rs 1,700 crore. Despite this, petrol and diesel prices remain unchanged, impacting the financial health of these crucial energy providers. A fuel price hike now appears inevitable, with the government facing a political
