Brazilian aerospace giant Embraer is planning to significantly increase its sourcing from India and may even establish a final assembly line if it secures a firm order for 200 aircraft from Indian clients. Currently, Star Air is the sole Indian airline using Embraer planes. The company is in talks with Air India, IndiGo, and several startups for potential orders.
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Little Caesars, the world's third-largest pizza chain, is set to launch in India this month, marking its 30th global market. Partnering with Harnessing Harvest, the Detroit-based brand will open its first outlet in the Delhi-NCR region. This expansion comes as India's pizza market is projected to reach $11.8 billion by 2033, dominated by players like Domino's and Pizza Hut.
The OECD projects a U.S. economic slowdown to 1.6% in 2025, down from 2.8% in 2024, attributing it largely to President Trump's tariff policies disrupting global trade. These measures have increased U.S. tariff rates significantly, impacting business and consumer confidence. The global economy also faces strain, with growth expected to drop.
Procter & Gamble, the consumer goods giant, will implement significant layoffs. Around 7,000 employees, or 6% of the global workforce, may lose their jobs. This decision comes amid rising input costs and softening demand. The company aims to streamline operations and exit select markets. Andre Schulten announced the restructuring at a conference in Paris.
Bharat has formally requested consultations with the United States under the WTO. This challenges American tariffs on automobile parts. The move follows Bharat's earlier decision to reserve the right to impose retaliatory duties on select US goods. This is in response to Washington’s tariffs on steel and aluminium. Bharat seeks to discuss the implications of the US measure.
India's Ministry of Heavy Industries has launched the “Scheme to Promote Manufacturing of Electric Passenger Cars in India” (SPMEPCI) to attract EV manufacturing investments. The scheme offers reduced customs duties on imported EVs for approved applicants who meet minimum investment and localization targets.
H&M, a publicly traded company since 1974, is witnessing a significant shift towards private ownership as the Persson family, its founders, have aggressively increased their stake. Since 2016, they've invested over $6.6 billion, raising their control to almost 64%. This substantial accumulation fuels speculation about a potential move to take the fast-fashion retailer private, despite the family's denials.
Ircon International's stock price increased significantly. This happened after the company secured new projects. These projects are in railway, power, and industrial infrastructure. The company won contracts worth over Rs 898 crore in May. Ircon secured a project from Kerala State IT Infrastructure Ltd. It also bagged a contract from North Eastern Electric Power Corporation.
Ola Electric's stock prices plunged following the release of disappointing quarterly results. The electric vehicle company reported a substantial net loss for the fourth quarter and the full financial year. Revenue from operations also experienced a sharp decline. Despite these challenges, Ola Electric expresses optimism about achieving profitability in the coming financial year.
Eternal Limited shares saw a significant jump. This surge follows Morgan Stanley's positive outlook. Eternal's Q4 earnings showed a profit decline. However, operational revenue increased substantially. The company remains a key player on the Nifty50. Other gainers included Power Grid and Reliance Industries. Some companies like Bajaj Finance experienced declines.
India's agricultural sector has undergone a significant transformation in the last 11 years, driven by increased budgetary support and policy focus. The government reports substantial growth in foodgrain output, rising MSP for key crops, and significant disbursements under PM-KISAN. Crop procurement volumes have also seen a sharp increase, positioning India towards global agricultural leadership.