Malabar Gold & Diamonds plans to establish 10 new stores, bringing the total number of locations to 350 by March. Malabar is now the world’s sixth-largest jewellery group and ranks 19th in Deloitte’s global luxury goods list. New store openings in India include Latur, Satara, and Nagpur in Maharashtra; Kolar and Whitefield in Karnataka; Jaipur […]
Lotte Wellfood, a Korea-based FMCG firm, will establish a new manufacturing plant in Haryana to produce its product Lotte Pepero, the company announced in a press release on Wednesday. The FMCG major stated that it has set up more than Rs 200 crore for the establishment of this new production plant. “This investment aims to […]
Lava International’s subsidiary SOJO Manufacturing Services (AP) has recently been approved for IT hardware manufacturing under the Centre’s production-linked incentive (PLI) scheme. The PLI will allow SOJO to manufacture consumer electronic durables such as smartphones, feature phones, accessories, tablets, laptops and other IT hardware for Lava International and other Indian and global brands. In a […]
India’s agriculture exports, presently exceeding USD 50 billion, are set to witness a significant surge, potentially doubling to reach USD 100 billion by 2030, as stated by Commerce Secretary Sunil Barthwal on Monday. Addressing the audience at the IndusFood Show 2024 in Greater Noida, Barthwal expressed confidence in the growth trajectory, stating, “I am very […]
Earnings for the Indian poultry companies improved in H1 FY2024 but commodity inflation could disrupt the momentum in H2, the rating agency Icra has said. The rating agency has maintained its revenue growth expectations at eight to ten per cent for the domestic poultry industry in FY2024. “This will be driven by significant volume expansion […]
The price of 24-carat gold saw a modest increase of Rs 110, reaching Rs 63,000 for ten grams, according to reports from the GoodReturns website. Meanwhile, the cost of silver also witnessed an uptick, climbing by Rs 1,000, with one kilogram now selling at Rs 78,500. For 22-carat gold, the rise was Rs 100, setting […]
India, the largest consumer and second-largest producer of sugar globally, has achieved a remarkable feat by being named the Chair of the International Sugar Organisation (ISO) for the year 2024. According to a press release by the Ministry of Consumer Affairs, Food and Public Distribution, this announcement came during the 63rd council meeting of the […]
Rajeev Chandrasekhar, Minister of State for Information Technology today announced that the Tata group will start making iPhones from India for domestic and global markets. This after the Tata Group took over Wistron operations in India. The minister said this was a resounding testament to Prime Minister Narendra Modi’s transformative vision for India’s electronics manufacturing […]
The global smartphone market is expected to decline for the full year of 2023, plummeting to its lowest level in the past decade. According to the latest report, the primary reason behind this drastic downturn is a notable shift in device replacement patterns, especially within developed markets. The Counterpoint Research report revealed that the third […]
Global smartphone shipments declined 7.8 per cent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider. With this, it marks the eighth consecutive quarter of contraction as […]
