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Aug 09, 2023

RBI monetary policy: The liquidity lever may prove to be better price tamer

RBI asks banks to set aside incremental CRR RBI Policy: Repo rate left unchanged at 6.50%, but D-Street hit by incremental CRR on banks Don’t miss out on ET Prime stories! Get your daily dose of

RBI asks banks to set aside incremental CRR

RBI Policy: Repo rate left unchanged at 6.50%, but D-Street hit by incremental CRR on banks

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More than a dozen luxury consumer goods brands are entering the country ahead of the festive season, as they look to attract consumers in a market riding on the growing affluence of Indians with higher incomes, spurring greater discretionary spending even in small towns.

State tax authorities have sent notices to around 200 companies, including Colgate Palmolive, L’Oreal, Castrol, Saint-Gobain, Whirlpool, Mastek, Domino's Pizza, and McDonald's India, seeking tax under the pre-goods and services tax (GST) regime.

The revised production-linked incentive (PLI) scheme for IT hardware has received an “excellent” response from 38 companies, including global ones such as HP, Dell, Lenovo and Foxconn as well as local maker Dixon Technologies.

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