BD Software, a value-added security distributor and VMRay, a cybersecurity solutions provider, joined hands to bring malware analysis and detection solutions to Indian businesses and enterprises. VMRay specialises in providing cybersecurity solutions, particularly in the field of automated detection and analysis of advanced malware and phishing threats. “We included VMRay technologies in our portfolio after […]
Fitch Ratings expects India’s petroleum product demand in during 2023-24 to grow by a mid-single-digit percentage after a 10 per cent rise the past year. The past year’s growth was aided by the post-pandemic pent-up demand. “Medium-term product demand growth is supported by Fitch’s expectation of 6-7 per cent GDP growth for India over the […]
Post office departments of India and Canada recently entered into an agreement to introduce International Tracked Packet Service (ITPS) between the two countries. It is intended to facilitate e-commerce exports, an official release from India’s Ministry of Communications said. The service became operational on Saturday. The ITPS is a competitive service for the transmission and […]
About 38 per cent of the Indian companies that had participated in the survey revealed that they do not have any plans to adopt digital technology for their businesses, said a report by PwC India. According to the research, digital champions from across the six sectors in India believe that being resilient, transparent and sustainable […]
India’s second-hand car market is projected to grow by 80 lakh units by FY2027, with non-metro cities following suit. Currently, the demand for used cars is 40 per cent in tier-2 cities and 25 per cent in tier-3 cities. This overall contribution of 65 per cent is slated to reach 75 per cent in the […]
India’s overall exports, both merchandise and services combined, in May 2023 are estimated to be USD 60.29 billion, registering a decline of about 6 per cent from May 2022, official data revealed on Thursday. Overall imports in May 2023 are estimated to be USD 70.64 Billion, down 7.45 per cent from May 2022. India’s overall […]
At an investor conference, Walmart’s Chief Financial Officer, John David Rainey has said that Walmart’s Flipkart marketplace and PhonePe payments business in India has the potential to become USD 100 billion businesses due to their strong growth. While specific sales figures for Flipkart and PhonePe are not disclosed by Walmart, the company has emphasised the […]
Shiprocket X has recently published its survey report titled “The State of Cross-Border Trade.” The survey revealed some interesting global insights, along with how India ranked ninth in global cross-border growth. India’s total merchandise exports continue to cross the USD 100 billion mark, for the second consecutive quarter in a row, amounting to USD 105.8 […]
India’s seafood exports, both in terms of volume and value, achieved an all-time high in 2022-23. It shipped 1.7 million tonnes of seafood worth Rs 63,969.14 crore (USD 8.09 billion) during the financial year, growing 26.73 per cent in quantity terms and 4.31 per cent in value terms over 2021-22. According to a press statement […]
In a significant move towards establishing India as a global electronics powerhouse, the Indian government has initiated a pilot project called Electronics Repair Services Outsourcing (ERSO). The concerted effort seeks to make India the most appealing destination for outsourcing repair services for ICT products on a global scale. After consultations with the repair industry, MeitY […]
