The rating agency Icra has said that the shift in the festive calendar boosted year-on-year (YoY) growth in economic activity to a 13-month-high of 13.3 per cent in October 2023. The Icra business activity monitor- an Index of high-frequency indicators revealed that this improvement was largely driven by a shift in the festive calendar in […]
MAS Holding’s Chairman, Mahesh Amalean on Monday met Odisha Chief Minister Naveen Patnaik and told him about the company’s interest in setting up an integrated textile and apparel manufacturing facility in Odisha. Amalean informed Patnaik about his company’s portfolio. The project can provide employment to more than 5,000 people. During the discussion, the Chief Minister […]
The Indian rupee is likely to open slightly higher on Monday after the dollar declined to its lowest in over two months against a basket of major peers. Non-deliverable forwards indicate the rupee will open at around 83.24-83.25 to the US dollar, compared with 83.27 in the previous session. Brent crude rose in Asia trading, […]
The bulk drugs segment of the Indian pharmaceutical sector is expected to see revenue grow at 6 to 8 per cent this fiscal year, helped by higher sales volume stemming from a stable growth outlook, according to a Crisil Ratings report. The bulk drug segment posted 8-10 per cent revenue growth last fiscal, mainly because […]
India’s gems and jewellery exports experienced a decline of 11.49 per cent, reaching Rs 22,873.19 crore (USD 2,748.01 million) in October, as per data from the Gem and Jewellery Export Promotion Council (GJEPC). In comparison, gross exports in October 2022 were Rs 25,843.84 crore (USD 3,134.85 million). Cut and Polished Diamonds (CPD) exports fell by […]
During the ongoing ICC World Cup Finale match between India and Australia on Sunday, quick-commerce platforms Zepto and Blinkit said that they were on course to record their highest daily sales, with a notable surge in orders for the Indian jersey. Swiggy reported that pizzas and burgers dominated the most-ordered items on its food delivery […]
Mukesh Ambani-owned Reliance Jio is reportedly in talks with major manufacturers like HP, Acer and Lenovo for a cloud laptop rollout soon. The telecom player’s aim is to disrupt the Indian PC market. According to a media report, Reliance Jio will be introducing a laptop, that will cost around Rs 15,000 and will function as […]
Every year, the festive season emerges as more than a mere celebration, it becomes a period of heightened vibrancy and immense potential. This auspicious time continues till the end of the year and carries the promise of new beginnings and prosperity, traditionally igniting a substantial upswing in real estate sales. Market stakeholders seize this moment […]
India is worried about Britain’s possible tax on imports of high-carbon goods like steel and wants a mechanism in their planned free-trade agreement (FTA) to address issues arising from such a measure, three Indian sources said. Earlier this year, Britain initiated consultations with domestic stakeholders on measures such as a potential carbon border tax, which […]
The India traditional PC (Personal Computer) market, which includes desktops, notebooks and workstations, reached 4.5 million units in third quarter of FY23, up 14 per cent year-over-year (YoY) according to a new report. During the quarter, the notebook category grew by 13.1 percent YoY, while the desktop category grew by 19.3 per cent and the […]
