Axis Bank’s CEO, Amitabh Chaudhry, reassured analysts that the bank doesn’t foresee an immediate need to raise more capital, even after the Reserve Bank of India’s directive to bolster capital buffers for personal loans. Chaudhry stated that the recent adjustments in risk weightage for certain loans would not significantly impact the bank’s capital adequacy ratio […]

Domestic air passenger traffic in India reached a new milestone on Thursday, with airlines transporting 4,63,417 passengers. November witnessed the domestic air passenger traffic hitting new highs on at least four occasions. Aviation Ministry’s Perspective The Civil Aviation Ministry expressed its satisfaction with the remarkable progress of India’s domestic aviation sector post-Covid. In a statement […]

Domestic air passenger traffic in India witnessed a significant annual growth of nearly 11 percent in October, according to official data released on Thursday. The total number of passengers reached 1.26 crore, marking a notable increase from 1.14 crore passengers recorded in October 2022 and 1.22 crore passengers in September 2023. Airline Market Share Data […]

Dabur, a prominent FMCG and ayurvedic products manufacturer, is gearing up to establish a new manufacturing facility in South India within a year, as part of its expanding business operations in the region. According to Mohit Malhotra, CEO of Dabur, the company is witnessing significant growth in South India, which now contributes 20 percent of […]

Happy Nature, a direct-to-consumer (D2C) breakfast brand, has successfully raised $300,000 in a Pre-Series A funding round led by Inflection Point Ventures (IPV). This investment marks a significant milestone for Happy Nature, empowering the company to extend its mission of providing top-notch, ethically sourced dairy, milk, and breakfast essentials to its customer base. Vikas Singh, […]

The hotel industry, which has been experiencing a surge in room rents due to events like the G20 summit, seems to have reached a plateau. Despite expectations of a boost from the ongoing Cricket World Cup 2023, the actual impact on hotel revenues has been underwhelming. Insights from Industry Veteran Sanjay Sethi, MD and CEO […]

ICRA, a leading credit rating agency, anticipates a slight sequential improvement in the credit metrics of India Inc. for the October-December quarter of 2023-2024. This improvement is expected to manifest in various key indicators, with the interest coverage ratio projected to increase to 4.5-5.0 times in Q3 FY2024 from 4.5 times in Q2 FY2024. Factors […]

Coca-Cola India has announced its entry into the ready-to-drink tea beverages segment with the introduction of ‘Honest Tea.’ The brand, owned by Honest, a subsidiary of the Coca-Cola Company, marks the company’s venture into this rapidly growing market. Sourcing Organic Green Tea The organic green tea used for ‘Honest Tea’ will be procured from Luxmi […]