Noodles will be on the boil with the Bombay High Court hearing Nestlé’s plea over Food Safety and Standards Authority of India’s ban on Maggi. The watchdog last week banned all variants of Maggi noodles, terming them as “unsafe and hazardous” for human consumption, forcing Nestlé to recall the product.

Planning to take a loan? Stay tuned. Finance Minister Arun Jaitley is meeting chief executives of public sector banks in New Delhi. Besides reviewing banks’ performance during the January-March quarter, the FM is also expected to push banks to pass on the rate cut benefits to borrowers.

Investors and edgy markets are looking to some macro numbers for cues on where the economy is headed. The Index of Industrial Production figures for April will map the growth in key sectors, while the Consumer Price Index for May will gauge price pangs. Cyclone Ashobaa, holding up the monsoon, is doing its bit to shake things up.

Reliance Industries will hold its annual general meeting in Mumbai. Topping the agenda is the ₹10,000-crore non-convertible debentures issue. Investors are keen to see whether Mukesh Ambani will make any announcement on Reliance Jio, the telecom arm.

Telangana unveils its new industrial policy. The government has promised to cut red-tape with single-window clearance and bring down processing time to under 12 days.

Related Topics
comment COMMENT NOW