Private consumption, the main engine of the economy, suffered a major blow with year-on-year growth of just 3.1%, the lowest since Q3FY15, and the government has now been striving to arrest the decline.
The order had rejected ITC's contention that the proposed asset sale to Brookfield qualified as a related-party transaction, except in respect to proposed transfer of 'Jamavar' trademark to Brookfield.
While the investment for manufacturing will be made by the Jaina Group of New Delhi, Sansui will bring in technological expertise, said Abhishek Garg, executive director at Jaina Group, and brand head of Sansui India.
Ingole had moved a petition before the Aurangabad bench of the Bombay High Court to ask mills to clear their cane dues as well as pay farmers the 15% interest due to them as per the Cane Control Order of 1966.
Analysts believe that manufacturers need to give higher discounts to bring the inventory under control, which is still higher than normal, as the demand is weak in the first phase of the festive season.
As a part of this association, a 2,700-sq-ft showroom was inaugurated in Dubai. The new showroom is the first-of-its-kind for TVS Motor Company in the region and apart from the wide range of two-wheelers, the showroom will al