Business: The number of convergence partners has increased from 263 companies in 2017 to 1,142 companies by September 2025. This has strengthened the mechanism for timely redressal of complaints. Under the Convergence initiative, companies partner with NCH on a voluntary and pro bono basis to ensure prompt resolution of customer complaints. NCH has resolved 7,256 consumer complaints in 27 areas in July, 2025 and given refund of Rs 2.72 crore. In April, 2025, refunds of Rs 62 lakh were made with disposal of 1079 complaints. E-commerce had the highest number of complaints related to refunds in July.
Rupee rises 78 paise in three days on $500 crore sale
The rupee, which was declining against the US dollar, is now improving. After intervention by the Reserve Bank of India (RBI), the domestic currency has strengthened by 78 paise in three days. During this period, RBI has sold more than 500 crore dollars. The rupee had reached a low of 88.81 on October 14.
Food and beverage sector companies will raise Rs 9,000 crore from IPO
A dozen companies in the food-beverage and hospitality sector are preparing to raise Rs 9,000 crore through IPO in a few months. Due to increasing consumption demand and increasing interest of investors towards the industry, these companies are ready to enter the market. This industry is still dominated by the regional and parts of the unorganized sector.
Milky Mist Dairy Foods, which provides a wide range of milk products and ice creams, is planning to launch an IPO of Rs 2,035 crore. Prestige is planning to raise Rs 2,700 crore, Foodlink Rs 170 crore, Curefoods Rs 850 crore and Infifresh Rs 1,700 crore. All of them have submitted the draft to market regulator SEBI. Prestige has also received approval. These companies provide investors with the opportunity to invest in businesses that have better margins and good opportunities with demand. There is still scope for expansion in this industry. With the dominance of the organized sector reducing, there is an opportunity for companies to become stronger.
PLI period for T goods extended till November 10
New Delhi. The government has extended the application period under the PLI scheme for the white goods sector like ACs and LED lights till November 10. The application period for the fourth round was originally open from September 15 to October 14. In view of the strong response from the industry and increasing investment interest under the scheme, it has been extended again.
The PLI scheme launched for the above sector in April, 2021 with a total outlay of Rs 6,238 crore aims to promote domestic manufacturing, localization of components.
