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India’s Heritage Foods to hike dairy prices to counter costs

April 16 (Reuters) – Indian dairy firm Heritage Foods will increase the prices of its products this financial year to offset rising costs such as fuel and raw material expenses, its CEO told Reuters. Consumer goods majors, including Nestle India and Cinthol soapmaker Godrej Consumer Products, are hiking prices to battle a double whammy of a slowdown in consumer spending and higher costs. “The price increase will be across the board, not specifically on milk,” Heritage CEO Srideep Kesavan said last week. “It will also be on paneer and other dairy products … in line with covering our costs increase.”

Land deal linked money laundering case: Vadra appears before ED on day 2

New Delhi, Apr 16 (PTI) Robert Vadra, the businessman brother-in-law of Leader of Opposition in Lok Sabha Rahul Gandhi, appeared before the Enforcement Directorate on the second straight day on Tuesday for his questioning in a 2008 Haryana land deal linked money laundering case. He was accompanied by his wife Priyanka Gandhi Vadra, the Congress MP from Kerala’s Wayanad. The two exchanged hugs before Robert Vadra went inside the ED office. He was questioned for about five hours on Tuesday and his statement was recorded by the federal probe agency under the Prevention of Money Laundering Act (PMLA), official sources

Rupee appreciates 26 paise to 85.54 against US dollar in early trade

Mumbai, Apr 16 (PTI) The rupee stayed firm and appreciated 26 paise to 85.54 against the US dollar in early trade on Wednesday on the back of a massive inflow of foreign capital, a weak American currency and lower crude oil prices. Forex traders said the positive macroeconomic numbers that came on the heels of the 90-day reprieve from US reciprocal tariffs fuelled buying in domestic equities by foreign investors, adding strength to the local currency. At the interbank foreign exchange, the domestic unit opened strong at 85.66 and gained further to trade at 85.54 against the greenback in initial

Indian benchmark indexes open little changed after sharp gains in last two sessions

April 16 (Reuters) – India’s benchmark indexes opened little changed on Wednesday, following sharp gains in the last two sessions, as investors assessed changes in U.S. tariffs. The Nifty 50 was down 0.14% at 23,344.10, while the BSE Sensex fell 0.11% to 76,646.97, as of 09:17 a.m. IST. The benchmarks rose around 4% in the last two sessions, which helped Sensex recoup losses seen earlier in the month after U.S. President Donald Trump announced reciprocal tariffs on April 2. The broader mid-and small-caps rose 0.1% and 0.3%, respectively.

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