Vegetable prices are expected to remain high till June due to above-normal temperatures, posing challenges for consumers across India. According to a report by CRISIL, this trend, driven by erratic weather patterns and climate change, highlights the vulnerability of vegetable prices to environmental factors. The report also highlights that despite attempts by stakeholders to address […]
Winter storms that provide crucial snow and rainfall to northern India are arriving significantly later in the year compared to 70 years ago, a new study has found, exacerbating the risk of catastrophic flooding while also reducing vital water supplies for millions of Indians. The study, published in the journal Weather and Climate Dynamics, reveals […]
Crisil Ratings, an Indian rating agency, forecast a 6.8 per cent growth in India’s GDP for the upcoming fiscal year. Their India Outlook report predicts the country’s economy will benefit from domestic reforms and cyclical trends, potentially solidifying its position as the world’s third-largest economy by 2031. The report acknowledges a projected moderation from the […]
The Indian government has imposed a 50 per cent export duty on molasses and extended lower import duties on edible oils for another year. Aimed at bolstering domestic ethanol production and ensuring edible oil affordability. This high export tax will apply to molasses, a crucial component in the production of ethanol. According to a notification […]
The findings from the latest report suggested that about 90 per cent of the business leaders in India are planning to invest significantly in AI and generative AI. It added that Indian leaders are also interested in other investments such as 92 per cent in Cloud, 73 per cent in cybersecurity and 71 per cent […]
India is projected to grow at the rate of 6.2 per cent in 2024, backed by a robust domestic demand and strong growth in the services and manufacturing sectors, the United Nations (UN) has said. The UN released the World Economic Situation and Prospects (WESP) 2024 report on Thursday. The report states that South Asia’s […]
The government is concerned about reduced rabi crop sowing potentially leading to heightened inflation prior to the 2024 general elections, especially with significant price hikes in cereals and pulses. As the rabi sowing nears completion, data from the agriculture ministry indicates a decrease in the area under wheat by 4 per cent, rice by 2 […]
The Tea Board India has issued a directive urging tea estates and small tea growers across the country to refrain from using chemicals or pesticides that lack a label claim for tea on their plantations. The directive, issued by Rajnigandha Seal Naskar, the Tea Board’s controller of licensing, on 21 December, specifically advises against the […]
Ambuja Cements, a key player within the Adani Group specialising in cement and building materials, has announced a substantial investment of Rs 6,000 crore dedicated to renewable energy projects. Their ambitious goal is to establish a robust capacity of 1,000 MW by leveraging solar and wind power initiatives. This investment plan spans across strategic locations […]
The global coffee industry has seen remarkable expansion in recent years, with growing demand for coffee surging by 28.6 million kilogram bags, far exceeding production, Vanusia Nogueira, Executive Director, International Coffee Organisation told BW Retail World. In the past three years, coffee production and consumption have surged, leading to a deficit in the market, she […]
