In a remarkable decision, the Indian Government has increased the onion buffer stock to five lakh metric tonnes this year, surpassing the initial procurement goal of three lakh metric tonnes. To achieve this supplementary target, the Department of Consumer Affairs has instructed the NCCF and Nafed to acquire one lakh tonnes each, while also efficiently […]
The food industry is one of the worst hit when it comes to seasonal inflation. And when tomato prices go north, it goes missing from some of the most popular dishes. For decades, the humble tomato slice has been a staple garnish of the American style burgers. But as tomatoes became expensive and the prices […]
Amid the ongoing concerns of global economic slowdown and a possible recession in the United States (US), the Bank of Baroda in a report on Saturday has said that a weaker rupee will improve India’s export competitiveness. According to government data, India’s exports reportedly contracted by 15.88 per cent to USD 32.25 billion in July […]
Union Minister of Railways and Electronics and Information Technology Ashwani Vaishnaw on Friday addressed the G-20 Digital Innovation Alliance in Bengaluru and said that over the past decade, India’s entrepreneurial landscape has undergone a remarkable transformation. “Over the past decade, India’s entrepreneurial landscape has undergone a remarkable transformation. With just 500 start-ups a decade ago, […]
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down […]
Apple’s upcoming iPhone 15, the next iteration of their smartphone, has commenced production in Tamil Nadu. This move is aimed at reducing the gap between their operations in India and their primary manufacturing hub in China. A facility operated by Foxconn Technology Group in Sriperumbudur is preparing to produce the latest iPhones shortly after they […]
Foxconn sees potential in India, the Taiwanese major is reportedly in talks for its willingness to invest “several billion dollars” in India, to diversify its manufacturing away from China, according to a media report on Wednesday. The investment plan was underlined by the Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the […]
India’s trade body, the Confederation of All India Traders (CAIT) on Sunday said that it is expecting revenue of Rs 600 crore with the sale of about 35 crore tricolour flags across the country under the central government’s Har Ghar Tiranga campaign. The trade body in a statement said that last year it was around […]
Wearable devices market in India saw a robust 53.3 per cent yearly growth in the first half of 2023, with shipping of 57.8 million units, according to data released by International Data Corporation (IDC). International Data Corporation (IDC) is a global market intelligence and advisory services provider. During the quarter of 2023, 32.8 million wearables […]
India has exported a total of 1,240.6 million dollar Ayush and Herbal products in last two years (2021-2022 to 2022-23), the Central government told the Rajya Sabha on Tuesday. A total of 612.1 million dollar Ayush and Herbal products were exported in 2021-2022 while 628.25 million dollar Ayush and Herbal products were exported in 2022-2023, […]
