India’s overall exports, both merchandise and services combined, in May 2023 are estimated to be USD 60.29 billion, registering a decline of about 6 per cent from May 2022, official data revealed on Thursday. Overall imports in May 2023 are estimated to be USD 70.64 Billion, down 7.45 per cent from May 2022. India’s overall […]
India and Russia aim to reach a bilateral trade volume of USD 30 billion by 2025, Ved Prakash Singh, First Secretary and Head of the Economic and Commercial Department of the Embassy of India in Moscow said on Wednesday, TV Brics reported. TV BRICS covers the economic agenda of the five countries. The list of […]
Carrefour Group and Publicis Groupe has partnered for a joint-venture named Unlimitail to address the rapidly growing retail media market in continental Europe, Brazil and Argentina. The joint initiative was unveiled on Thursday at the VivaTech conference in Paris. Unlimitail has onboarded 13 prominent retail partners, boasting a combined customer base of over 120 million […]
Samsung India on Wednesday inaugurated its largest Premium Experience Store in Telangana at the Inorbit Mall in Hyderabad. The new store highlights Samsung’s entire product ecosystem through exciting zones around Samsung’s connected ecosystem SmartThings, smartphones, laptops, audio, gaming and lifestyle televisions. The store also has a Bespoke DIY Customisation Zone where consumers can personalize their […]
At an investor conference, Walmart’s Chief Financial Officer, John David Rainey has said that Walmart’s Flipkart marketplace and PhonePe payments business in India has the potential to become USD 100 billion businesses due to their strong growth. While specific sales figures for Flipkart and PhonePe are not disclosed by Walmart, the company has emphasised the […]
ITC‘s revenue from its fast-moving consumer goods (FMCG) business witnessed a substantial growth of 20 per cent in the fiscal year 2022-23 (FY23), according to a recent media reports. The revenue reached Rs 29,000 crore compared to Rs 24,000 crore in FY22. Notably, this impressive growth does not include revenue from its tobacco business, and […]
Shiprocket X has recently published its survey report titled “The State of Cross-Border Trade.” The survey revealed some interesting global insights, along with how India ranked ninth in global cross-border growth. India’s total merchandise exports continue to cross the USD 100 billion mark, for the second consecutive quarter in a row, amounting to USD 105.8 […]
The import tax on refined soybean oil has decreased from 17.5 per cent to 12.5 per cent, while the import tax on refined sunflower oil has decreased by a comparable percentage. The decision to decrease charges is completely at odds with the market sentiment, which was anticipating a duty increase given the recent collapse in […]
Tata Steel and Germany’s SMS group have signed a Memorandum of Understanding (MoU) to collaborate on the decarbonisation of steel making process. T. V. Narendran, CEO & MD, Tata Steel, said: “Tata Steel is actively looking for solutions to facilitate the transition to green steel production, and thus contribute to a sustainable future. Further, India […]
The rental income of malls is expected to increase by eight to ten per cent year-on-year (YoY) in the financial year (FY) 2024, said the rating agency Icra. Icra expects the credit profile of the mall operators to remain stable driven by healthy net operating income (NOI), moderate leverage and healthy debt coverage metrics. Across […]
