India’s overall exports on Wednesday posted a 14.57 per cent increase year-on-year in January 2023 to USD 65.15 billion, against USD 56.86 billion on January 2022, the Union Commerce ministry stated in a release. Overall exports mean exports of merchandise and services combined. Further, according to a statement from the Ministry of Commerce and Industry, […]
In a major move to beat traffic snarls and deliver medicines on time, a dedicated service to send drugs via drones was launched in Kolkata on Tuesday. Speaking to ANI, Arpit Sharma, the associate vice president of TSAW Technit Space and Aero Works, a startup, said, “We are happy to have launched a dedidated drone […]
Business tycoon Gautam Adani’s FMCG arm Adani Wilmar on Thursday released a statement clarifying that Himachal Pradesh GST Department has not found any irregularities in operations and dealings of the company. “One of Adani Wilmar’s depot warehouse at Parwanoo, Himachal Pradesh was visited by GST officials yesterday evening. The staff extended their support during this […]
Gati, a distribution and supply chain management company reported a 90.0 per cent year-on-year (YoY) decline in its Profit Before Tax (PBT) at Rs 0.5 crore in the quarter ended on 31 December 2022, compared to the last year in the same quarter at Rs 5 crore. However, the company’s revenue increased by 7.3 per […]
Adani Ports and Special Economic Zone’s (APSEZ) revenue from operations increased 18 per cent to Rs 4,786 crore during the December quarter. In the same quarter of 2021, the revenue was Rs 4,072, the company announced today. APSEZ on Tuesday announced its earnings for the October-December 2022 quarter and the first three quarters of 2022-23. […]
India’s leading logistics provider Delhivery on Tuesday said it has partnered with software solution provider eSamudaay to enable rural businesses to scale by serving customers across India. The coming together of ONDC network partners Delhivery and eSamudaay effectively broadens the footprint of local products and aligns with the government’s Make in India for the world, […]
The sales of total vehicle retail grew 14 per cent to 18,26,669 units in January from 16,08,505 units in the corresponding month of 2022, the Federation of Automobile Dealers Associations (FADA) said on Monday. According to FADA, passenger vehicles (PV) grew 21.92 per cent to 3,40,220 units in January 2023, against 2,79,050 during the same […]
India has been going big on electronic manufacturing for the last few years and in December 2022, Apple became the first company from the country to export smartphones worth USD 1 billion in a month. According to an article by Economic Times, December was the record month for the industry with mobile phone exports of […]
The Indian Budget 2023 has allocated significant resources to the logistics sector with the aim of improving efficiency and reducing costs. The Financial Minister Nirmala Sitharaman on Wednesday noted that 100 critical transport infrastructure projects have been identified for the connection of ports, coal, steel, fertiliser, and food grains industries. She added that they will […]
The Union Budget for the fiscal year 2023-24 will be presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman, and the clock has already started ticking. The retail industry has a big wish list for Budget 2023 and retailers in the country express their hopes for the industry ahead of the Budget. Electronics […]
