ADB lowers GDP growth projection to 6.5% from 7% – Times of India

ADB lowers GDP growth projection to 6.5% from 7% NEW DELHI: The Asian Development Bank (ADB) on Wednesday lowered India’s growth forecast for 2024-25 to 6.5% from the earlier 7%, citing lower-than-expected second quarter growth, driven by dampened manufacturing performance and lagging govt spending.The Manila-based multilateral agency also lowered growth projections for 2025-26 to 7%…

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Realign supply chains, avoid risk concentration: FM Sitharaman to cos – Times of India

Nirmala Sitharaman (Agencies photo) NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday advised industry to realign its supply chain factoring in political and strategic considerations to ensure that there was no concentration of risks, a statement that appeared to be aimed at China.“When you talk of supply chains, when you want to restore supply chains…

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Jubilant to buy 40% in Coke bottler’s parent for 10k cr – Times of India

NEW DELHI: Jubilant Bhartia Group, a multi-billion conglomerate with interests across sectors, such as pharma and QSR, will acquire a 40% equity stake in Hindustan Coca-Cola Holdings (HCCH) through Jubilant Beverages, for over Rs 10,000 crore. HCCH is the parent company of Hindustan Coca-Cola Beverages (HCCB), the largest Coca-Cola bottler in the country. Both companies…

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