Daikin Air-conditioning India has revealed its plans to initiate operations at its third manufacturing facility in India by the end of 2023, according to a media release issued on Monday. The upcoming 75-acre factory, located in Sri City, Andhra Pradesh, is strategically positioned to meet the rising demand for domestically and internationally manufactured air conditioning […]
India’s imports of palm oil and sunflower oil in 2022-23 surged by 24 per cent and 54 per cent, respectively, to record highs on a rebound in consumption and as both oils were available at a steep discount compared to rival soyoil, a leading trade body said on Monday. Higher purchases by the world’s biggest […]
Indian manufacturing has accelerated through the second quarter of 2023-24 and is likely to continue for the subsequent quarters of the financial year 2023-24, notwithstanding the slowdown in developed nations, industry body FICCI’s latest quarterly survey revealed. The industry body’s latest quarterly survey assessed the performance and sentiments of manufacturers for the July-September 2023-24 quarter […]
Reliance Jio has expanded its AirFiber FWA (Fixed-Wireless Access) service in 115 new cities across India. The service has been made available in Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Telangana and West Bengal. Earlier this service was launched in September for just eight cities, including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. Jio […]
Ecommerce has witnessed a robust revival in sales during the festive season, primarily fueled by a surge in premium purchases across categories such as mobiles, large appliances, jewellery and beauty products, according to industry experts. The trend of premiumisation was notably prominent this year, driven in part by increased accessibility to credit and EMI options, […]
As the festive cheer of Diwali fades away, a concerning reality looms over Delhi — the national capital witnessed a significant breach of the fireworks ban, resulting in a thick layer of smog engulfing the city the very next day. Despite the ‘Diya Jalao, Patakhe nahi’ campaign by Delhi government and Supreme Court order restricting […]
External Affairs Minister (EAM) S Jaishankar has said India’s trade with Africa today is in excess of USD 100 billion and is fairly evenly balanced. “Our trade with Africa today is in excess of USD 100 billion and it’s actually fairly evenly balanced. It’s not just trade, India is among the top five investors in […]
The five-day-long Diwali festival which starts from today, began with great enthusiasm across the country. In this series starting from Dhanteras today, the festivals of Roopchaturdashi tomorrow, Diwali on 12 November, Govardhan Puja and Annakut on 13 November and Bhaiya Dooj on 15 November will be celebrated. According to an estimate by the Confederation of […]
Dhanteras, the first day of the Diwali festival, holds immense significance in Indian culture, especially when it comes to buying gold and silver. It is considered an auspicious day to invest in precious metals, symbolising prosperity and good luck. As the festivities begin today, expectations soar high, and families across the country embark on a […]
The festive season in India carries substantial economic importance, driven by a thriving gifting industry. During festivals such as Diwali, New Year, and Christmas, the gifting industry witnesses substantial growth, consistently contributing to a significant portion of the gifting market. With a pre-pandemic growth rate of 40 per cent (2019-20 to 20-21) and a post-pandemic […]
