India Meteorological Department’s (IMD) forecast of a more than longer heatwave this summer, has given a reason to cheer for the air conditioner manufacturers. AC makers in India are ready with their stocks and are also launching a new range of summer appliances for the mass market. Voltas achieved the highest ever AC sales in […]
Indian economy showed a strong performance in the previous quarter with a growth of 8.4 per cent. However, while citing government sources, Tracxn in its latest report has said that this number is expected to decline to 5.9 per cent in Q1FY2024. According to the International Monetary Fund (IMF) report, India is expected to become […]
An increasing number of customers today are going online to meet their festive requirements with spending during Ramzan 2024 growing by 50 per cent as compared to last year’s Ramzan, according to Simpl Checkout Scan. These spends were almost 30 per cent higher than normal for a business month with categories such as food and beverages […]
Highlighting India’s growth in digital transactions, External Affairs Minister S Jaishankar on Wednesday said that while India does transactions worth Rs 120 crores in a month, the US does only worth Rs 40 crores in a year. The EAM further said that while some countries have doubts about the efficiency of democracy, India has shown […]
Coffee exports from India saw a notable increase of 13.35 per cent to 1,25,631 tonnes during the January-March period of this year, attributed to heightened demand for Robusta coffee, as revealed by official data. This surge contrasts with the export figure of 1,10,830 tonnes during the same period in 2023. India, recognized as Asia’s third-largest […]
India witnessed a remarkable surge in silver imports in February, reaching an unprecedented 260 per cent increase, driven by lower duties that incentivized substantial purchases from the United Arab Emirates (UAE), according to reports from government and industry sources shared with Reuters. Projections suggest that this trend is set to continue, with a potential 66 […]
With Eid-ul-Fitr fast approaching, the textile market in the city is abuzz with activity, fueled by high retail demand and indicating a bullish trend for the upcoming festival season. Traditionally, order cycles run around four months ahead of each season, and processing houses in Ahmedabad, a prominent cotton textile hub, boast capacities capable of producing […]
Data analysis firm GlobalData reports a significant surge in India’s mobile wallet market, with the unified payments interface (UPI). Their report highlights a robust 72.1 per cent compound annual growth rate (CAGR) in the value of mobile wallet payments between 2019 and 2023, reaching Rs 202.8 trillion (USD 2.5 trillion) by 2023. This growth is […]
India’s plastic exports witnessed a rise in February 2024, reaching USD 997 million. This represents a 14.3 per cent increase compared to February 2023, according to the Plastic Export Promotion Council (Plexconcil). In addition, Plexconcil reported significant growth across several product categories, including plastic raw materials, films and sheets, woven sacks and floor coverings. However, […]
Anita Praveen, Secretary, Ministry of Food Processing has emphasised the pivotal role of research and development (R&D) in propelling the Indian food processing sector to greater heights. Speaking at the FICCI Scientific Symposium on ‘Processed Foods for Purpose’, Praveen highlighted the sector’s significant potential for growth and its status as a priority area within India’s […]
