Recent inspections at the warehouses of major retail giants Amazon and Flipkart have uncovered products that fail to meet mandatory certification standards. This development has generated significant discussion regarding quality control in India’s rapidly expanding e-commerce sector, emphasizing the need to adhere to safety and compliance requirements.
The recent announcement from IndusInd Bank Ltd. has made headlines in the Indian stock market. The bank's shares have plummeted by 23%, marking the most significant drop in the last five years. This article outlines the reasons behind this decline, its impact on the bank and the market as a whole, as well as examining the potential for recovery.
Recent news in the oil industry has highlighted a significant shift that could reshape market dynamics. Saudi Aramco, the world's largest energy company, is exploring the possibility of participating in a bidding process for BP Plc's lubricants assets. This information is sourced from knowledgeable insiders familiar with the situation.
In the northern Indian state of Haryana, a significant event took place as the Indian division of Suzuki Motor Corporation $7269.T launched production at its first new plant in eight years. This milestone marks the beginning of an ambitious expansion plan that aims to boost the production capacity of the automotive market to 6 million passenger vehicles by 2030.
The third quarter of 2024 presented significant challenges for the financial performance of the Indian division of the German chemical giant BASF $BAS.DE. On Tuesday, BASF India $BASF.NS reported a 26.1% drop in profit to 1.04 billion rupees ($11.95 million), down from 1.4 billion rupees a year earlier. This decline was primarily due to the rise in raw material costs and overall operating expenses, despite sustained product demand.
In the third quarter, Indian company MedPlus Health Services Ltd. $MEDPLUS.NS reported a substantial increase in profit. This growth was driven by the expansion of its retail network and high demand for over-the-counter medications.
