Indian industry leaders express confidence in the economy s resilience despite the NDA-BJP government s unexpected outcome without an absolute majority. They anticipate policy continuity but caution about potential hurdles due to a stronger opposition and diverse political ideologies. The focus may shift to consumption, welfare schemes, and rural sectors. Stability is crucial for reforms, but the BJP s shortfall could complicate passing contentious reforms. However, the economy s growth agenda is expected to continue, with an emphasis on inclusivity and job creation.
Shareholders of Nestle India Ltd have turned down the company s proposal to raise the royalty payout to its Swiss parent. The resolution did not pass, with 57% of its shareholders voting against the plan, the packaged foods maker said in a stock exchange filing on Friday. The proposal was to increase the royalty by 0.15% of sales for each year over a duration of five years.
FMCG, auto companies break the jinx as rural growth rises above urban, ET Auto indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
FMCG, auto companies break the jinx as rural growth rises above urban indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.