Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. It […]
The Tata Group is reportedly nearing an agreement to acquire Wistron’s factory in Karnataka, India, according to the news agency Bloomberg. This acquisition would mark the entry of India’s largest conglomerate into the assembly of iPhones, becoming the first local company to do so. The Wistron factory, valued at over USD 600 million, currently employs […]
India has emerged as the most attractive investment destination among emerging markets in 2023 amid a host of global economic headwinds, including high inflation and interest rates, global investment management firm Invesco said in a report. According to the Invesco Global Sovereign Asset Management Study, 2023, sovereign wealth funds favour emerging markets, particularly India, given […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
India is at the forefront of global trade facilitation efforts, with an impressive score of 93.55 per cent in 2023 vis a vis 90.32 per cent in 2021, as per the recently released United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation. The 2023 survey covers […]
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs under Ministry of Finance in its monthly review report. According to the provisional estimates released […]
The per plate cost of veg and non-veg thali in India, which has been on a decline since October 2022, nosed up in May and June 2023, according to Crisil Market Intelligence and Analytics report. Crisil’s monthly indicator of food plate cost said that soaring tomato, pulses, and staple grain prices have added pressure on […]
The global furniture market is expected to grow from USD 739.44 billion in 2023 to USD 935.9 billion by 2027, with a CAGR of 6.1 per cent, according to the ‘Furniture Global Market Report 2023’ by Research And Markets. According to Expert Market Research’s report, the Indian furniture market is expected to grow at a CAGR […]
Tomatoes are now red-hot and burning a hole in the common people’s pockets as the prices have skyrocketed and are being sold at over Rs 100 per kg in several key cities. Many attribute the sharp rise in the vegetable to heatwaves in key tomato-growing areas and heavy rains, as well, as disruption in supply […]
Green hydrogen can be a potential solution to attain energy security and help the domestic export industry comply with the environmental protection regulation of the European Union (EU), said experts in an event organised by WTC Mumbai and All India Association of India, jointly with Engineering Export Promotion Council (EEPC) and Indian Business Chamber of […]
