Dun and Bradstreet (D&B) in its economy observer report has predicted that the festive season, spanning from August to November will boost consumer spending. Coupled with public sector spending, this is poised to stimulate industrial activity. Nonetheless, the presence of geopolitical conflicts poses a risk to global economic activity, potentially stalling the growth momentum seen […]
The central government has extended the date of inviting fresh applications under the production-linked incentive (PLI) scheme for textiles up to December 2023. In view of the requests from the industry stakeholders, the Ministry of Textiles had earlier decided to re-open the PLI portal till August 31, 2023, to invite fresh applications from interested companies […]
Apple has notched up a historic achievement in the Indian smartphone market. During the third quarter of 2023, the tech giant recorded its highest-ever quarterly shipments, exceeding 2.5 million units. This feat signifies a striking 34 per cent year-on-year (YoY) growth, marking a watershed moment for Apple’s presence in India. Amid India’s burgeoning smartphone landscape, […]
Goods and Services Tax (GST) collections for October stood at Rs 1.72 lakh crore, which is the second highest ever, according to an official statement issued by the Finance Ministry on Wednesday. “The gross GST revenue collected in the month of October 2023 is Rs 1,72,003 crore, out of which Rs 30,062 crore is CGST, […]
In the midst of the festive light and joy, Bharat consumers’ festive shopping is in full swing, to know what’s on their shopping list this season. The Bharat Lab has conducted an in-depth analysis by engaging with 1027 consumers (526 male, 501 female) in the heartland of Hindi, primarily Uttar Pradesh. This survey spans across […]
Buyers have expressed concern over the rising onion prices in several parts of the country and urged the government to take additional steps to bring it down. The price of onion has touched Rs 80 per kg in Mumbai. The government recently imposed Minimum Export Price for onions and procurement of additional 2 lakh tonnes […]
Amid the fear of an economic slowdown due to supply chain disruptions and geopolitical crisis across the globe, India’s home textile players are pining hopes on festive fervour in the financial year (FY) 2024 for the ride to recovery. After facing strong headwinds in the last fiscal, the rating agency Icra in a report has […]
Touted as one of India’s biggest festivals, Diwali sales are likely to cross Rs 3.5 lakh crore, a positive development for the trading community, said the Confederation of All India Traders (CAIT) on Sunday. A recent survey by the trade body in 30 cities of different states revealed that this year the markets have started […]
Union Commerce Minister Piyush Goyal on Sunday discussed progress in India-EU Free Trade Agreement negotiations with European Commission’s Executive Vice President Valdis Dombrovskis. “Discussed progress of the India-EU Free Trade Agreement negotiations with my friend @VDombrovskis, Executive Vice President of the European Commission,” the Union Commerce Minister wrote on ‘X’. Piyush Goyal on Saturday participated […]
Minister for Electronics and Information Technology Ashwini Vaishnaw announced on Friday at India Mobile Congress (IMC) that nearly 80 per cent of the equipment used in 5G technology is produced within. He further highlighted that locally designed and manufactured telecom equipment is exported to 72 countries in the world. Speaking to the media on the […]
