Daikin Air-conditioning India, a wholly owned subsidiary of Daikin Industries Japan, on Thursday, announced the commercialisation of its integrated air-conditioning & compressor manufacturing facility at Sri City, Andhra Pradesh. The new plant is spread across 75.5 acres, which aims to cater to the increasing demand for state-of-the-art air conditioning products manufactured in India, both domestically […]
The government on Thursday clarified that onion consignments, registered with customs authorities before 29 October 29, can be exported until 30 November. The clarification comes after the government imposed a minimum export price (MEP) of USD 800 per tonne on onion exports until 31 December. The measure aims to boost domestic availability and control prices. […]
Black Friday sales are no longer limited to the West as it is picking up the pace among Indian shoppers as well. The excitement is evident in the growing number of individuals eagerly anticipating substantial discounts. Across the country, retailers have witnessed a substantial increase in online purchasing during the last Black Friday. Shoppers want […]
As the year ends, industry analysts and retailers predict a lower shipment for Apple devices like Macs, iPads, AirPods and smartwatches in India even after the tech giant’s iPhone demand continues to surge, according to a media report on Thursday. The report underlined that Mac shipments will likely fall between 15 per cent and 18 […]
As the world celebrate’s National Espresso Day, it is time to take a flavourful journey into India’s burgeoning coffee culture. In 2022, India embraced the rich aroma and bold taste of coffee with gusto, consuming a staggering 1.21 million 60-kilogram bags of coffee. Fast forward to the financial year 2022-2023, and the country elevated its […]
India’s exports to Nordic regions have increased significantly in recent years, said Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, while addressing the second CII India Nordic-Baltic Business Conclave 2023 here on Wednesday. The Union Minister pointed out that India’s exports to the Nordic region have grown […]
Amid the slowing global growth, geopolitical risks and volatile financial conditions, India’s year-on-year (YoY) growth of the gross domestic product (GDP) is projected to moderate sequentially to 7.0 per cent in Q2FY2024. In India, domestic economic activity is being supported by robust agricultural performance, sustained buoyancy in services, double-digit credit growth and healthier corporate and […]
A decline in international crude oil prices will help control India’s inflationary pressures going forward, the country’s finance ministry said in a report on Tuesday. India’s retail inflation eased in October to a four-month low of 4.87 per cent, edging closer to the central bank’s target of 4 per cent. India’s crude oil basket has […]
As the nation emerges from a record-breaking Diwali festive season, the business community is gearing up for a colossal surge in demand with the commencement of the upcoming wedding season on 23 November. With an estimated 38 lakh weddings expected to take place across the country, the mainline retail sector, encompassing goods and services, anticipates […]
This Diwali, almost every sector reported better sales compared to the previous year, especially in the gifting sector. However, according to a recent survey by Almonds AI reveals that 73 per cent of the people were not satisfied with their Diwali gift. The study included a survey of more than 800 channel partners across India […]
