Business News

Business

PepsiCo Makes a Bold Move: Acquires Poppi, the Prebiotic Soda Leader, for $1.95 Billion

PepsiCo Inc. has agreed to acquire Poppi, a prebiotic soda company, for $1.95 billion, including $300 million in anticipated cash tax benefits. This strategic move aims to diversif...

Business

MicroStrategy Expands Bitcoin Portfolio with $10.7M Purchase of 130 BTC

MicroStrategy Inc. has further invested in Bitcoin, purchasing 130 BTC for $10.7M, increasing its total holdings to 499,226 BTC. This move highlights the company's strong belief in...

Business

February Sees a Slight Uptick in Wholesale Price Inflation to 2.38%, Driven by Soaring Food and Beverage Costs

Wholesale price inflation in February increased to 2.38%, driven by higher prices for manufactured food products and beverages. Despite some cooling in vegetable prices, fruits and...

Business

Investors Rejoice: RBI Announces a Whopping 193% Return on Sovereign Gold Bonds 2016-17 Series IV

The RBI has announced a final redemption price of Rs 8,634 per gram for the Sovereign Gold Bond 2016-17 Series IV, offering a 193% return over eight years. SGBs provide a tax-free ...

Business

Breaking New Ground: Lakshmi Venu Steps Up as TAFE's New Vice-Chairperson

Dr. Lakshmi Venu has been appointed as the vice-chairperson of TAFE, bringing dynamic leadership and a fresh perspective to the company. With a strong background in farm mechanizat...

Business

HAB Pharma Boosts Healthcare Innovation with New Dehradun Facility Expansion

HAB Pharmaceutical & Research Ltd has acquired a 10-acre plot in Dehradun to expand its manufacturing capabilities, focusing on respiratory treatments and biologics for autoimmune ...

Business

Over a Decade, Indian Banks Wipe Off Rs 16.35 Lakh Crore in Bad Loans: A Deep Dive

Indian banks have written off Rs 16.35 lakh crore in bad loans over the last decade, with recovery efforts ongoing through legal and financial mechanisms. The government has also a...

Business

Unprecedented FPI Equity Selloff Hits Rs 1.5 Lakh Crore in FY25, Signaling Market Turbulence

FY25 witnesses a historic equity selloff by FPIs, reaching Rs 1.5 lakh crore, amidst sustained outflows. Domestic investors counterbalance with record investments, showcasing stron...