Future Group’s Kishore Biyani has reportedly resolved debts worth Rs 571 crore with Bansi Mall Management Company creditors, settling 83 per cent of the total dues through a one-time payment of Rs 476 crore. According to media reports, the settlement, involving the iconic Sobo Central Mall in Mumbai’s Haji Ali, was facilitated by real estate […]
Foreign enterprises’ direct investment in China climbed to its lowest level since the early 1990s last year, highlighting the country’s hurdles as Beijing seeks more outside investment to boost its economy. China’s direct investment obligations in its balance of payments increased by USD 33 billion last year, an 82 per cent decrease from 2022, according […]
Concerns mount over the severe disruptions in global trade as the United Nations Conference on Trade and Development (UNCTAD) issued a stark warning. The ongoing crisis in the Red Sea shipping route, compounded by geopolitical tensions in the Black Sea and climate-related challenges in the Panama Canal, is creating a complex and multifaceted challenge for […]
Finance Minister Nirmala Sitharaman is preparing to present her sixth consecutive budget on 1 February. The budget’s focus is expected to be on putting more money in the hands of the people, with probable tweaks to tax slabs or an increase in basic deductions as possible avenues for achieving this goal. Another recommendation is to increase finances for the […]
Although winter is the peak time for the textile industry to make sales, the traders have reported that all their hopes have been dashed to the ground due to the late arrival of the winter season. The industry which has already been facing stagnation for the last few years also failed to get relief this […]
Only 7 per cent of Indian households currently utilise ecommerce or grocery apps for purchasing fruits and vegetables online, as revealed in a survey by LocalCircles. The survey, which garnered over 24,000 responses from household consumers across 297 districts in India, indicated that 61 per cent of respondents were male, while 39 per cent were […]
Over the last 5 to 6 years, we’ve witnessed a significant surge in demand for men’s grooming in India with a current growth rate of 11- 13 per cent. The shift is driven by increased awareness among men about their appearance and grooming standards, stated Prannay Dokkania, Managing Director & COO- Lloyds Luxuries in an […]
The Bank of Baroda in a report has said that in the last five years, the debt of Indian Inc has grown at a compound annual growth rate (CAGR) of 7.4 per cent. From Rs 62 lakh crore in FY18, the total debt of India Inc. increased to Rs. 75.7 lakh crores in FY20. The […]
Union Minister for Commerce and Industry Piyush Goyal while unveiling Foreign Trade Policy 2023 on Friday expressed confidence in India touching exports worth USD 2 trillion by 2030. “By 2030, we will export USD 2 trillion in services and merchandise. All embassies will help exporters in exports,” he said. The Directorate General of Foreign Trade […]
Alibaba Group Holding announced higher-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefitted from the country’s relaxation of Covid-19 restrictions. The firm has withstood China’s sluggish economy, which just loosened its zero-COVID policy last December after three years. Sales increased 2 per cent to 247.76 billion yuan (USD 35.92 billion) in the fiscal […]
