Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]
According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]
TVS Motor Company registered a sales growth of 4 per cent increasing from 314,639 units in July 2022 to 325,977 units in July 2023. Total two-wheelers registered a growth of 4 per cent with sales increasing from 299,658 units in July 2022 to 312,307 units in July 2023. Domestic two-wheeler registered growth of 17 per […]
Hon Hai Technology Group (or Foxconn) signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in the presence of Tamil Nadu Chief Minister MK Stalin on Monday. Giving this information, Tamil Nadu Industries Minister TRB Rajaa said in a tweet […]
IMF’s Chief Economist and Director, Pierre-Olivier Gourinchas, has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility in food prices in the rest of the world. “And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would […]
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 […]
Union Minister for Textiles Piyush on Wednesday discussed the roadmap to achieve the target of USD 250 billion in textiles production and USD 100 billion in exports by 2030. While interacting with the officers and staff during the Chintan Shivir organised by the Ministry of Textiles, Goyal emphasised on a holistic approach towards making the […]
Godrej Agrovet was allotted about 47,000 acres of land in Sangareddy district in Telangana for oil palm plantation, the company said in a release on Tuesday. Allocated by Telangana’s Department of Agriculture and Cooperation (Horticulture and Sericulture), the allotted area will be utilized by the company to expand the cultivation of oil palm and set […]
India’s overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday. In June 2022, the exports were USD 69.20 billion. Overall imports in June 2023 are estimated to be USD […]
Amazon, a ecommerce platform, has announced its plan to surpass USD 8 billion in cumulative exports from India by the end of 2023. Since the inception of its Amazon Global Selling program, the company has successfully onboarded 125,000 exporters. Remarkably, more than 1,200 of these exporters achieved sales exceeding Rs 1 crore in 2022. Bhupen […]
