Apple CEO Tim Cook has called India a “hugely exciting market” for the company. Speaking at the company’s earnings call on Thursday, Cook stated that India will be a “major focus” for the company, which is looking to choose the country as an alternative production base to China and as a source of growth, Nikkei […]
The sales of total vehicle retail grew 14 per cent to 18,26,669 units in January from 16,08,505 units in the corresponding month of 2022, the Federation of Automobile Dealers Associations (FADA) said on Monday. According to FADA, passenger vehicles (PV) grew 21.92 per cent to 3,40,220 units in January 2023, against 2,79,050 during the same […]
Devendra Chawla, former Chief Executive Officer and Managing Director of Spencer’s Retail has joined Eversource Capital-promoted shared electric mobility player GreenCell Mobility as its new CEO. He will report to the company’s board. Chawla had joined the RP Sanjiv Goenka Group in 2019 for a three-year term; he recently stepped down from his role. Prior […]
India has been going big on electronic manufacturing for the last few years and in December 2022, Apple became the first company from the country to export smartphones worth USD 1 billion in a month. According to an article by Economic Times, December was the record month for the industry with mobile phone exports of […]
As part of the Union Budget, Finance Minister Nirmala Sitharaman announced several initiatives for the lab grown diamond industry. R&D grants will be provided to one of the IITs to encourage indigenous production of lab grown diamonds and reduce import dependency. Further, the government has also reduced the customs duty on lab grown diamond seeds […]
The FMCG company Emami increased its consolidated profit after tax (PAT) by 5.05 per cent to Rs 219.52 crore in the three months that ended on December 31. In the same quarter last year, the company’s PAT totaled Rs. 208.96 crore. The total sales increased by 4% to Rs 971.85 crore. According to the company, […]
Marico reported a 5 per cent increase in net profit to Rs 333 crore for the third quarter ended December 2022 on Friday. This compares to a net profit of Rs 317 crore in the previous year. Revenue from operations increased by 2.6 per cent to Rs 2,470, compared to Rs 2,407 in the previous […]
Food Corporation of India offered 22.0 lakh tonne of wheat out of 25 lakh tonne earmarked in the first e-auction through the open market sale that took place during Wednesday-Thursday. Of which, a quantity of 9.2 lakh tonne was sold across the country, according to a government release on Friday. In the e-auction, more than […]
Anand Milk Union Limited (AMUL) aims to double the income of farmers in the next four years by producing a dairy herd which is genetically superior and proven, and fit to produce double the quantity of milk at the same cost. Amit Vyas, Managing Director of Amul Dairy, said that they are improving breeds of […]
Innoviti Technologies in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank, on Thursday announced the launch of in-store acceptance of retail payments via Digital Rupee – Retail [eRs-R]. After being the first to introduce dynamic QR based in-store UPI payments, Reliance Retail, in continuance of its endeavour to create convenient and seamless payment […]
