As the festive season in India approaches, the digital marketplace is bustling with anticipation and excitement. Smaller ecommerce players across the country are gearing up to make their presence felt in the grand celebration of Diwali, Dussehra, and other significant festivals in India. In an industry traditionally dominated by giants like Amazon and Flipkart, these […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
Indian wheat prices surged to an eight-month high on Tuesday, propelled by strong demand for big festivals, limited supplies and as import duty makes overseas buying unfeasible for domestic flour mills. The increasing prices may prompt the government to release more stocks from inventories and eliminate import duties on the cereal to bolster supplies and […]
Prime Minister Narendra Modi virtually interacted with CEO of Google and Alphabet Sundar Pichai earlier on Monday. During the interaction, PM Modi and Pichai discussed Google’s plan to participate in expanding the electronics manufacturing ecosystem in India. Prime Minister appreciated Google’s partnership with HP to manufacture Chromebooks in India. Prime Minister acknowledged Google’s 100 languages […]
Festivals have always held a special place in the hearts of Indians. Traditionally, festivals have been associated with the purchase of gold jewellery as a symbol of prosperity and an investment for the future. However, the advent of digital gold has been transforming the way Indians approach festival shopping. In recent years, digital gold has […]
Rice exporters and traders have halted grain procurement from local markets from Sunday onwards in the basmati rice-producing regions of Punjab, Haryana, and western Uttar Pradesh. The action is a response to the government’s decision to maintain the minimum export price (MEP) for basmati rice at a relatively high rate of USD 1,200 per tonne. […]
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the sixth straight month through September, official data showed on Monday. In April this year, it went into negative territory. Similarly, in the initial days of Covid, in July 2020, the WPI was reported to be negative. […]
In a move to address concerns related to domestic rice prices and ensure an adequate supply for local consumers, the Indian Government has taken significant steps regarding Basmati rice exports. Effective from 25 August 2023, contracts for the export of Basmati rice with a value of USD 1200 per metric ton (MT) and higher are […]
The festive season is all about fun, food and happiness. Not just households, food business entities also come up with new food menus to increase their revenue and customer demand. Sometimes the hotels and restaurants also bring dedicated menus like for the nine days of Navaratri. The festive season is a joyful days when people […]
India’s trade data for September 2023, released by the Commerce Ministry, reveals a decline in exports by 2.6 per cent, which amounted to USD 34.5 billion compared to USD 35.4 billion in September 2022. “UK delegation will be in India for FTA negotiation. High-level engagements at various levels are ongoing to iron out differences. The […]
