Consumer confidence has increased by 2.2 percentage points, revealed a recent report by Refinitiv-Ipsos, the primary consumer sentiment index (PCSI). This surge is reflected across all four sub-indices, indicating a positive outlook on various economic aspects. The monthly PCSI result, determined by the sum of four weighted sub-indices, paints a promising picture for the economy. […]
Exports from India to Australia have grown by 14 per cent to USD 5.8 billion in April-November this fiscal year due to the strong growth of various sectors, such as engineering, pharmaceuticals and electronics, according to a senior official’s statement on 29 December. The interim free trade agreement implemented on 29 December last year has […]
Shiprocket, an ecommerce enablement platform has revealed comprehensive consumer and industry insights showcasing the ecommerce trends in 2023. Shiprocket’s analysis revealed that Personal Care emerged as the highest-selling category in 2023, closely followed by Apparel, footwear and Accessories. Together, these categories collectively accounted for a substantial 63 per cent of sales. According to the data, […]
Amazon is targeting merchandise exports worth USD 20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday. “We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up,” Bhupen Wakankar, director of global trade, […]
HCL Technologies (HCLTech) has appointed Sonia Eland as the executive vice president and country manager for its Australia and New Zealand operations, effective from 1 April 2024. Eland will succeed Michael Horton, who, after nearly 10 years, transitions to a consulting role. During his tenure, Horton played a crucial role in establishing HCLTech as a […]
Union Commerce Minister Piyush Goyal on Sunday discussed progress in India-EU Free Trade Agreement negotiations with European Commission’s Executive Vice President Valdis Dombrovskis. “Discussed progress of the India-EU Free Trade Agreement negotiations with my friend @VDombrovskis, Executive Vice President of the European Commission,” the Union Commerce Minister wrote on ‘X’. Piyush Goyal on Saturday participated […]
Reliance Industries and Brookfield Asset Management have recently joined forces through an initial agreement aimed at exploring opportunities for manufacturing renewable energy and decarbonisation equipment in Australia. This collaboration is centred around a Memorandum of Understanding (MoU) with the objective of accelerating and de-risking Australia’s energy transition, focusing on local production of clean energy equipment […]
Australia’s Federal Court has ruled that Dell Technologies Inc’s local unit, Dell Australia, must pay a hefty penalty of AUD 10 million (USD 6.46 million) for deceptive marketing practices related to add-on computer monitors. The court’s decision comes after a lawsuit brought forward by the Australian Competition and Consumer Commission (ACCC), which accused Dell Australia […]
Anko, an Australian homeware brand has announced its debut on Myntra, India’s leading fashion and lifestyle ecommerce platform. Through this collaboration, Anko brings its diverse range of homeware products to Indian customers, now available at a minimum discount of 50 per cent. “We are thrilled to collaborate with Myntra and introduce our offerings to the […]
