Apparel Sector Gets A Lift As India Tightens Port Restrictions
With the Centre imposing port restrictions on imports of ready-made garments (RMG) from Bangladesh, domestic players get the much-needed window to shift focus
News
Indian Rice Exports Up In Price As Duty Hike Bites, Demand Stays Weak
- by BW Retail World Bureau
- March 29, 2024
India’s rice export prices surged this week due to increased duties on rice shipments, while demand in Thailand remained subdued. The 5 per cent broken parboiled variety from India was quoted at USD 550-558 per ton, rising from the previous week’s range of USD 543-550. Earlier in the month, prices had reached a peak of […]
Export
National
News
Indian Rice Exporters Hit With Duty Demands, Threatening Shipments
- by BW Retail World Bureau
- March 27, 2024
Indian rice exporters have been issued notices by the customs department demanding payment of duty differentials on rice shipments made over the past 18 months, the news agency Reuters reported citing sources. This unusual tax demand has the potential to severely impact rice exports from India, it said. India, the world’s largest rice exporter, implemented […]
Export
Government
Grocery
News
India Approves Limited Onion Exports To Bangladesh, UAE
- by BW Retail World Bureau
- March 5, 2024
The Central government has allowed the export of 50,000-tonne onions to Bangladesh and 14,400-tonne onions to UAE, at a time when the staple vegetable’s outward shipments have been kept under restrictions. For exports to the UAE, a ceiling of 3,600 tonnes is kept every quarter, the official notification from the Directorate General of Foreign Trade […]
Health
News
WHO Calls For Intensified Tobacco, E-cigarette Control In Southeast Asia
- by BW Retail World Bureau
- February 21, 2024
The World Health Organisation on Tuesday called on countries in the Southeast Asia Region to intensify efforts to control the use of tobacco and e-cigarettes, according to an official statement. It noted that despite the steep decline over the years, tobacco consumption in the region continues to be the highest globally and vaping is on […]
Government
National
News
Govt Makes Rice Stock Disclosure Mandatory, May Set Limits
- by BW Retail World Bureau
- February 3, 2024
Rice retailers, wholesalers and processors are asked that beginning next Friday, they disclose their stock holdings, Sanjeev Chopra, Secretary Department of Food and Public, said. The reporting of stocks is irrespective of the category of rice–basmati or non-basmati, parboiled or broken. “To check the prices of rice retailers, wholesalers and processors are advised that the […]
Export
National
News
Indian Cotton Yarn Industry To See Volume Jump, Exports Soar 85-90%: Report
- by BW Retail World Bureau
- January 31, 2024
Talking about the domestic cotton spinning industry, the rating agency Icra in a report has said that the demand for the industry is likely to improve by close to 12-14 per cent in volume terms in FY2024 every year. The report added that yarn exports are likely to increase by a sharp 85 to 90 […]
Brands
Companies
Finance
FMCG
News
Marico Q3 Revenue Dips 2% Amid Soft Rural Demand, Profit Up 16%
- by BW Retail World Bureau
- January 30, 2024
Marico, the FMCG company, reported a Q3FY24 profit of Rs 386 crore, marking a 15.9 per cent increase compared to Rs 333 crore in the third quarter of FY23, surpassing estimates. The revenue from operations stood at Rs 2,422 crore, reflecting a 1.9 per cent decrease, with underlying volume growth of 2 per cent in […]
Brands
Companies
Fashion & Lifestyle
Finance
News
Retail
Reliance Brands Acquires Majority Stake In Superdry India
- by BW Retail World Bureau
- October 5, 2023
Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Limited and began operations in 2007 with […]
Export
National
News
India’s Oilmeal Exports Rises 19% In Q1 FY2023-2024
- by BW Retail World Bureau
- July 20, 2023
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]