French dairy giant Lactalis launches immunity boosting milk in India to meet Covid-led demand
Positioned as antibiotic free milk with immunity-boosting vitamins A and D, Lactel UHT milk will be produced at the company’s Telegana plant for south and east distribution and Maharashtra factory for distribution in the north. READ MORE
US, China and EU to shape post-covid world economy: Moody’s
The economies of the US and China will not decouple but will become more disengaged, while the EU will remain a proponent of a rules-based global trading system but will likely be pushed in a more protectionist direction. READ MORE
Why The Global Economy Is Recovering Faster Than Expected
In times of crisis it’s tempting to be pessimistic and fearful, particular if the drivers are unfamiliar or the risks pose credible systemic threats. However, this inclination to pessimism and retreat also carries risks itself and we should remind ourselves that 14% of firms across all sectors typically grow both revenues and margins during downturns. READ MORE
French baker and sweet maker Laduree is making its India debut next year
“We are planning our first outlet in March-April,” said Chandni Nath Israni, head of retail division of CK Israni Group, the India master franchisee of the luxury French bakery that is famous for its macaron, French toast and French patisserie.. READ MORE
October manufacturing PMI indicates strongest output growth over a decade.
Rising from 56.8 in September to 58.9 in October, the headline seasonally adjusted PMI pointed to the strongest improvement in the health of the sector in over a decade. READ MORE
UP government attracts Rs 45000 cr investment from 10 countries.
The Industrial Development Authorities have allotted nearly 426 acres of land (326 plots) for projects and employment generation potential of nearly 1,35,362 will be created. READ MORE
India is a market of small transactions, Says Ferrero India MD Stefano Pelle
We are now making products made in India and made for India. Pelle shares his plans for flagship brands like Ferrero Rocher and outlook on business this festive season READ MORE
Coronavirus: How the world of work may change forever
Covid-19 upended our jobs. We've tried to adapt, but what about the long term? BBC Worklife asks dozens of experts to flag the biggest questions we should be asking in 2020 and beyond. READ MORE
Transparent taxation: Withdraw untenable tax litigation
While the faceless assessment and appeals is welcome and could prevent harassment, all pending appeals should be cleared urgently to give succour to taxpayers and clean up the entire system The CBDT should enhance monetary limits for filing appeals by the ITD to Rs 1 crore before ITATs, Rs 5 crore before HCs and Rs 10 crore before the SC. READ MORE
Foreign direct investment proposals with even the smallest Chinese holding will need government nod
In April, when the Cabinet approved the plan for the screening of foreign direct investment proposals from countries bordering India, the government had discussed the option to set the threshold at either 10%, the provision in the Companies Act, or 25%, the prescription in the Prevention of Money Laundering Act. READ MORE
India receives highest ever FDI in Apr-Aug FY21
The total FDI inflow into India in the first five months was $35.73 billion, 13% higher than that in the same period last fiscal. “FDI equity inflow received during FY21 (April to August, 2020) is $27.1 billion. It is also the highest ever for first five months of a financial year,” the ministry said. READ MORE
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