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FSSAI has initiated legal action against Nestlé India over alleged violations in infant food regulations. The regulatory body is scrutinizing promotional claims for two of Nestlé's infant formula brands. Nestlé asserts full compliance with all applicable regulations, emphasizing its commitment to child nutrition and safety. This development raises concerns about food safety standards and marketing practices in the industry.
L&T anticipates significant growth in its modular infrastructure business following a successful project in Australia. The market opportunity for modular infrastructure is estimated at $100-150 billion, as highlighted by L&T's deputy managing director, Subramanian Sarma. This strategic focus positions L&T to capitalize on emerging trends in construction and infrastructure development.
Tier-2 cities in India are witnessing a housing price surge, growing nearly twice as fast as major markets. This growth is fueled by infrastructure development and increased commercial activity, positioning these emerging urban centers as key players in India's real estate expansion. As demand rises, Tier-2 and Tier-3 cities are set to significantly impact the country's property market.
The NSE IPO has been subscribed 1.16 times on Day 2, showcasing strong interest from non-institutional investors and QIBs. With a size of Rs 22,569 crore, it ranks as India's second-largest public issue, surpassing LIC's IPO and trailing only Hyundai Motor India's record offering. This significant demand highlights the growing confidence in India's capital markets.