Parle, best known for its Parle-G and Marie brand of biscuits in India, is not the only food product firm to raise concerns about the sluggish demand. Earlier this month, biscuits manufacturer Britannia Industries Limited also flagged the issue.
While SBI was to first one to link its loans and deposits to the repo rate from May and home loans from July, six other peer banks like announced the same last week in which the asset side pricing has moved down fast.
Modi, after delivering his sixth straight address to the nation on the Independence Day, went into brainstorming with Sitharaman and all top officials in her ministry, sources privy to the development said.
Earlier, on August 6, Coffee Day Enterprises had said that it is aware of reports questioning the authenticity of the signature on the purported letter written by Siddhartha and is cooperating with regulatory authorities in this regard.
RBI governor Shaktikanta Das said Wednesday that the central bank has lowered the GDP growth forecast for 2019-20 from 7 per cent to 6.9 per cent owing to demand and investment slowdown, which is causing dampening effect on the growth
The board appointed S V Ranganath as the interim chairman and expressed its condolences to Siddhartha's family and resolved to lend its support and expressed full confidence in the company's management team.
The National Institute for Medical Statistics under the Indian Council for Medical Research has entered into a partnership with Population Council to launch the National Data Quality Forum (NDQF) with the objective of strengthening the data ecosystem in the country.