Nestle's pet food business, Nestle Purina PetCare, has developed nine brands since it entered the Chinese market in 2001. Purina plans to further invest in production lines for new high value-added products, such as veterinary diet and wet cat food categories, to provide pets with richer and high-end food options. … [Read more...] about Nestle ramps up presence with $102m investment
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Though the Koodamkulam protests fizzled out after holding out for long, they have since been followed by others, where similar concerns have been flagged and popular support enlisted. This includes petroleum-extraction projects at Neduvasal in the Cauvery delta and the Salem-Chennai, eight-lane greenway, connecting the chief minister’s native district to the state capital after the existing six-lane highway. … [Read more...] about TN’s EPS woos investments amid Covid, but is the environment friendly?
The interest rate on bank fixed deposits as well as lending rates are on decline with the Reserve Bank of India lowering the key short-term lending (repo) rate. The repo rate is currently at historic low of 4 per cent. … [Read more...] about Government to withdraw 7.75% Savings (Taxable) Bonds scheme
Even if the number of operational factories in Gujarat is less than in the equally industrialised states of Tamil Nadu and Maharashtra, the gross fixed capital formation -- the measure of increase in investment in capital assets -- in Gujarat was more than that of Tamil Nadu and Maharashtra combined, according to data from the Annual Survey of Industries 2014-15, the latest available. … [Read more...] about 3 economic factors that may impact Gujarat polls
finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19. If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery. Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources. Rates will come up for discussion during the council meeting next month to be attended by state finance ministers, they added. The 39th meeting of GST Council was held in March, which proposed rationalisation of taxes on many items. The nationwide lockdown was announced by Prime Minister Narendra Modi on March 24 for 21 … [Read more...] about GST Council to meet next month; Finance ministry not for raising rates on non-essential items