The sugar production in India experienced a decline of 2.48 per cent, totalling 22.36 million tonne until 15 February in the ongoing 2023-24 marketing year, according to the latest data released by the Indian Sugar Mills Association (ISMA). Comparatively, during the same period in the previous year, sugar production stood at 22.93 million tonne. The […]
Platinum experienced a 0.2 per cent dip to $904.27 per ounce, while palladium saw a 1.2 per cent increase, reaching $960.76 Gold prices witnessed a modest increase on Monday, benefiting from a weaker dollar as the metal rebounded slightly from last week’s decline triggered by robust U.S. inflation data. The data had tempered expectations of […]
The second half of the fiscal year (January to June 24) is expected to witness continued strong growth in India Pernod Ricard reported a 4 per cent growth in sales during the first half of the current financial year. The company’s fiscal year follows the July to June cycle and its latest earnings statement highlights […]
SEBI investigates as retail shareholders may have faced losses in controversial share purchase transaction Did India’s retail investors lose out in the share purchase and sale deal involving Axis Bank entities and Max Financial Group? Between March and April 2021, Axis Bank and it is related entities Axis Capital and Axis Securities purchased more than […]
The Karnataka state government will adjust tax rates throughout the 18 slabs of Indian Made Liquor (IML) to preserve its earnings and avoid trade diversion to adjacent states. “In order to rationalise the tax slabs and make them competitive with neighbouring states, the tax slabs for IML and beer will be revised,” Chief Minister Siddaramaiah […]
India’s overall exports, merchandise and services combined, in January are estimated to be USD 69.72 billion, exhibiting a positive growth of 8.49 per cent on a yearly basis, official data released on Thursday showed. The overall exports during January 2023 were worth USD 63.80 billion. Overall imports during the first months of 2023 increased to […]
India’s wearable market witnessed unprecedented growth in 2023, with 34 per cent surge in sales, reaching a historic high of 134.2 million units. The growth was fueled by good performances in both the smartwatch and earwear segments. Smartwatch shipments saw 73.7 per cent year-over-year (YoY) increase, totaling 53.4 million units in 2023. Market dynamics shifted […]
India’s consumer packaged goods (CPG) sector experienced well-balanced growth in 2023, witnessing an increase in retail sales value coupled with volume gains, according to a report by Bain & Company. The report highlighted a global trend where 75 per cent of growth was attributed to price increases in 2023, yet India stood out as one […]
Valentine’s Day Sales Skyrocket for Zomato, Swiggy, Blinkit, Dunzo, and Zepto as Flowers, Cakes, Teddies, and Surprising Trends Take Center Stage In the spirit of Valentine’s Day, the food and quick commerce sector, platforms including Zomato, Swiggy, Blinkit, Dunzo and Zepto, have experienced substantial growth. The firms reported a significant surge in items ordered like […]
India’s electronics industry witnessed a big surge in exports during the fiscal year 2022-23, as reported by the Electronics and Computer Software Export Promotion Council (ESC). The sector experienced a growth rate of over 50.25 per cent compared to the previous year, culminating in exports totaling USD 23.58 billion. This surge in exports was attributed […]
