Corporate | Dabur India has no plan to raise product prices

Corporate | Dabur India has no plan to raise product prices

New Delhi: Dabur India Ltd has no plans to hike its product prices as of now despite the rise in input costs on the back of weak monsoon, chairman Anand C. Burman said on Thursday.

“There is nothing on the cards right now about increase in prices," he told reporters on the sidelines of an industry event.

The company’s sales have not yet witnessed any major impact due to weak rains, Burman said.


TCIL gets in-principle nod to exit Bharti JV

New Delhi: The cabinet committee on economic affairs (CCEA) on Thursday gave an in-principle approval to state-owned Telecommunications Consultants India Ltd (TCIL) to sell its 30% stake in Bharti Hexacom Ltd.

India’s largest mobile operator, Bharti Airtel Ltd holds the remaining 69% stake in Bharti Hexacom, while Kuwait’s mobile telecommunications company KSC has a 1% holding.

“The company (Bharti Hexacom) is making small profits, but it has not paid any dividends... The CCEA has approved TCIL’s exit from the joint venture," home minister P. Chidambaram told reporters after the Cabinet meeting.

He said no timeframe has been set for TCIL to exit its joint venture with Bharti Airtel.

— Newswire18