PERSONAL GROWTH
Patanjali Foods to buy Patanjali Ayurved's home, personal care business for Rs 1,100 crore
Patanjali Foods Limited board approves Rs 1,100 crore acquisition of Patanjali Ayurved's Home and Personal Care business, leveraging brand equity in key segments for revenue growth and synergies. The company aims for product innovations and cost optimization.
US inflation cools in May, boosting hopes of Fed rate cut
May's stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed's aim for a controlled economic slowdown through core inflation moderation.
Personal loans dearer post RBI risk nudge
Banks adapt to RBI's risk weight changes by adjusting rates and enhancing capital adequacy. The pricing of new loans reflects increased risk, ensuring stability in unsecured lending. Tightened underwriting standards support sustained growth and portfolio quality, aligning with regulatory directives to manage loan risks effectively.
How Gen Z is retouching the rules of the skincare market in India
These youngsters are far more conscious of what goes on to their skin, compared to millennials and Gen X. They no longer chase basic whitening or moisturising creams. Influenced by social media, the young India have educated themselves on how each active ingredient works on their skin, even at the granular level of being aware of the exact percentage of ingredients used in products.
Fintech lenders have high delinquency levels in small value loans says RBI
The RBI has highlighted concerns over consumer loans, noting that over half of borrowers have three or more loans simultaneously. The Financial Stability Report flags high delinquency rates, especially among personal loans under ₹50,000 and loans from fintech lenders. Despite overall improvements in credit quality, stress in retail loans remains significant, particularly for private sector banks.
Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EY
EY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessional tax regime to Rs 1 lakh or increase the basic exemption limit to Rs 3.5 lakh. Key suggestions include maintaining corporate tax stability, rationalizing TDS provisions, and improving dispute resolution mechanisms.
Best autobiography books for inspiration and personal growth
Explore the best autobiography books like Nelson Mandela's "Long Walk to Freedom" and Michelle Obama's "Becoming," which illuminate resilience and leadership. These books offer profound insights into overcoming adversity and achieving personal growth. Whether seeking spiritual enlightenment in "Autobiography of a Yogi" or entrepreneurial spirit in "Shoe Dog," each memoir inspires readers to navigate challenges and pursue their aspirations with courage and determination.
Myth debunking 101: Career advancement is possible only through formal promotion
The traditional career advancement model is evolving, with professionals seeking alternative paths for growth beyond vertical promotions. Embracing flexibility and skill development, individuals can navigate lateral moves, upskilling, networking, and diverse experiences to achieve success in today's dynamic work environment. Experts advise on strategies to seize these opportunities effectively.
Seeking personal and professional growth? Mamaearth's Ghazal Alagh shares her secrets
Mamaearth co-founder Ghazal Alagh emphasizes the importance of stepping out of one's comfort zone to achieve growth. In a recent social media post, she shared that facing discomfort and overcoming fear has made her more confident, resilient, and determined. Alagh also highlighted the lessons she learned from her children, such as finding joy in simple things and staying curious.
Risk weighting slows unsecured loan growth
The growth of unsecured credit in India, including personal loans and credit card outstanding, slowed to 18% in April from 23% in November 2023. The Reserve Bank of India's risk weighting on such exposures aims to reduce delinquencies in the banking system.
How to build your career capital
Invest in yourself by developing skills, relationships and reputation to future-proof your income and ensure lifelong career growth.
Note to freshers: Skills are important but ignore work ethic at your own peril
Misconceptions about work ethic include equating long hours with productivity. Novice employees must distinguish between productive diligence and overwork to avoid burnout and maintain productivity.
Roosevelt Dsouza of Nielssen on whether the trend of rural India catching up in FMCG demand is durable
Roosevelt Dsouza of NielsenIQ discusses FMCG trends, emphasizing rural-urban gap. Growth driven by small pack preferences and personal care in rural areas. CEOs review Nielsen report. India awaits rural recovery. Consumer behavior shifts to volume growth. Categories perform differently. Dsouza says there are certain categories where one can see K-shaped growth with some categories moving up and some going down.
Is Kardashian matriarch Kris Jenner heading towards retirement amid health concerns?
In a recent interview with James Corden on SiriusXM's This Life of Mine, renowned media personality and momager Kris Jenner firmly talked about her retirement rumours.
PM's active role, personal monitoring responsible for infrastructure sector turnaround, says FM
Nirmala Sitharaman praises PM Narendra Modi for reviving the infrastructure sector, highlighting the neglect during the UPA regime and the significant advancements made under the Modi government, including the expansion of the Metro network, growth in the aviation sector, and initiatives to boost the maritime ecosystem.
Tighter regulations on personal loans and project finance may hurt banks in FY25
Indian banks had a strong fiscal 2024 but face challenges in the current year due to regulatory changes impacting credit growth and net interest margins. Return ratios and riskier lending are also areas of concern as the market adapts.
Are you thinking about studying overseas? This is how to up your odds of getting a scholarship
Explore scholarships strategically with passion, persistence, and organizational discipline to enhance success for international students aspiring academic advancement in their study abroad journey.
Marico on course to deliver double-digit constant currency growth in international business: Saugata Gupta
Marico CEO discusses market share dynamics, rural recovery, deflation impact, and strategy focusing on premium segments. The company targets double-digit revenue growth, digital business expansion, and sustainable scale-up of Beardo and Plix portfolios. Gupta says: "We expect the digital business also to get into at least a double-digit EBITDA by FY27 with a 2x times growth and we believe that this business will contribute to, which is now 20%, over the next three years will be 25% of our overall portfolio in India."
Rural FMCG sales outgrew urban for the first time in 5 quarters in Q1: NielsenIQ
In the January-March ’24 quarter, rural markets surpassed urban consumption for packaged consumer goods for the first time in five quarters, with rural growth at 7.6% while urban demand declined by 5.7%. Overall FMCG sector value grew by 6.6% driven by consumption, with flat price growth at 0.1%. NielsenIQ highlighted the growth in the FMCG industry being driven by consumption trends, with rural areas leading the growth. By volume, the sector grew by 6.5% nationally, with non-food sector sales growing at 11% compared to 4.8% for food. Home and personal care categories outperformed food categories, with larger pack sizes driving growth.
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