European stocks were little changed in cautious trade on Tuesday, with prospects of escalation in the Middle East conflict and downbeat quarterly results from the likes of Ericsson and Lonza keeping weighing on sentiment. Regional markets opened on a subdued note before seeing some recovery after Germany’s ZEW economic sentiment index beat expectations – improving to -1.1 from -11.4 in […]

Despite high headline numbers, the output of one-third of the segments in the manufacturing sector in August stood below even that in the same month in 2011-12, when the new index of industrial production (IIP) series started. This is despite the fact that manufacturing grew 9.3 per cent in the month, driving up IIP growth to a 14-month high of […]

Kajaria Ceramics, the country’s leading listed tile manufacturer, has seen its stock fall by 7 per cent over the past month amid concerns about rising input costs and sluggish domestic demand. Other listed stocks also experienced weakness in September, although there was some recovery in October. While strong exports are expected to help stabilise domestic market prices, the surge in […]

PepsiCo Caribbean, Inc. is recalling select packages of Quaker Pancake with Whole Grain Oats Mix citing the presence of undeclared soy, a known allergen, the U.S. Food and Drug Administration said. The recalled 15.97 oz cartons of Quaker Pancakes with Whole Grain Oats – mix to prepare pancakes comes with UPC 7 501761 848267, and various best before dates. The […]

The perfect high street would have a patisserie, deli, farm shop, and vintage store, according to Brits. One in four adults feel their local high street is just surviving, and want to see a resurgence – with 81 percent stating it’s very important to keep their high streets alive. Research of 2,000 adults found 29 percent said it makes them […]

“Lady candidates need not apply.” So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise […]

The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, reiterating that a majority of participants expect one more interest rate hike will likely be appropriate. The projections provided following the meeting forecast one more rate hike before the end of the year, although the minutes noted some officials judged it likely that no further increases […]

With energy prices continuing to surge, a report released by the Labor Department on Wednesday showed U.S. producer prices increased by slightly more than expected in the month of September. The Labor Department said its producer price index for final demand climbed by 0.5 percent in September after advancing by 0.7 percent in August. Economists had expected prices to rise […]

‘Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.’ Kerala Chief Minister Pinarayi Vijayan has described the international deep water multipurpose seaport at Vizhinjam as a ‘game-changer’ for the state’s infrastructure and development and said it aimed to handle one million containers annually, surpassing even Singapore. The CM’s tweet […]

With another quarter of steady growth in demand, cement companies are expected to report strong year-on-year (Y-o-Y) growth in earnings, according to analysts. The September quarter (Q2FY24) also witnessed a resumption of price hikes in certain markets. UltraTech Cement, India’s largest cement producer, reported a 15 per cent Y-o-Y increase in cement sales in the country for the quarter under […]