The Xiaomi 14 series arrives in India. This flagship smartphone lineup caters to the demands of power users who need a phone that not only easily performs heavy tasks but also offers top-of-the-line camera features. The Xiaomi 14 Ultra is priced at INR 99,000 while the Xiaomi 14 is priced at 69,999. Xiaomi 14 Co-engineered […]
The electronics manufacturing industry has met its objectives set a decade ago, becoming the world’s second-largest maker of mobile phones, generating products worth Rs4.1 lakh crore, according to an industry body. The India Cellular and Electronics Association (ICEA), which represents the leading smartphone brands and manufacturers, estimates that the sector ended the decade with 2.45 billion […]
The fast-moving consumer goods sector is anticipated to experience sluggish growth until the September quarter of 2024, as per a report from Kantar, a data, insights, and consulting firm. The uncertain outlook for the agricultural sector, coupled with the upcoming general elections, is expected to limit the consumption of FMCG products. Kantar Worldpanel’s FMCG pulse […]
Cities across India are witnessing the early summer season with scorching heat and higher-than-usual temperatures. The change in season has got both, FMCG players as well as Indian kiranas to rush and stock summer-centric products. A recent survey reveals that Maharashtra is the only state where retailers are witnessing equal sales for national and local […]
India’s diamond industry faces a big setback as the country’s cut and polished diamond (CPD) exports are projected to decrease by 25-30 per cent in the current fiscal year. A report from Care Ratings highlighted that this decline is expected to lead to a multi-year low in export earnings, with estimates ranging between USD 15-16 […]
Crisil Ratings, an Indian rating agency, forecast a 6.8 per cent growth in India’s GDP for the upcoming fiscal year. Their India Outlook report predicts the country’s economy will benefit from domestic reforms and cyclical trends, potentially solidifying its position as the world’s third-largest economy by 2031. The report acknowledges a projected moderation from the […]
OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of its supplies, the producer group’s head told Reuters, after its dominance was recently eroded by competition from discounted Russian oil. The share of oil from the Organisation of the Petroleum Exporting Countries (OPEC) imported by […]
The Directorate General of GST Intelligence (DGGI) has initiated action against many fast-moving consumer goods (FMCG) companies for alleged tax fraud. According to a report, DGGI filed notices and investigative intimation letters to FMCG businesses such as ITC, Pepsico, Prataap Snacks, Balaji Wafers, Guiltfree Industries and Sarveshwar Foods about this. These companies are suspected of […]
India, the world’s largest vegetable oil importer, is expected to buy more soyoil in 2024, while palm oil sales will likely fall, news agency Reuters reported on Monday. According to Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and advisory business, India’s soyoil imports would increase to 4.3 million metric tonnes in the […]
India’s gross domestic product (GDP) is likely to grow at 7.8 per cent in the financial year (FY) 2025 which is marginally higher than the estimated increase of 7.6 per cent in FY24 on a year-on-year (YoY) basis, the Bank of Baroda (BoB) said in a report. The report added that private consumption is likely […]
