India’s trade performance in December witnessed a nuanced pattern, with the overall exports, encompassing both merchandise and services, declining to USD 66.33 billion compared to USD 69.29 billion in December 2022, as per data released by the Commerce Ministry. However, a closer look at the sector-wise breakdown reveals divergent trends. Merchandise exports in December demonstrated […]
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Monday afternoon showed India’s wholesale inflation in December stood at 0.73 per cent, against […]
To address challenges and enhance the country’s export performance, the Centre, state governments, and industry representatives are set to convene on 16 January for a crucial meeting chaired by Commerce and Industry Minister Piyush Goyal. The meeting, organised by the Board of Trade (BoT), will focus on pressing issues, including challenges related to rupee payments, […]
Data released on Friday unveils a challenging economic scenario for India as the year concluded, with a simultaneous slowdown in industrial output and a notable spike in inflation. The statistics, revealed by the Ministry of Statistics and Programme Implementation, indicate that industrial output growth plummeted to an eight-month low of 2.4 per cent in November. […]
India’s retail inflation rose to 5.69 per cent in December which is marginally higher than 5.5 per cent in the previous month, states data released by the Ministry of Statistics and Programme Implementation (Mospi). It should also be noted that inflation, measured by the Consumer Price Index (CPI) has remained within the Reserve Bank of […]
UltraTech Cement has disclosed its decision to acquire a 26 per cent stake in Amplus Ages by investing Rs 49 crore. Amplus Ages is actively involved in the generation and transmission of renewable energy. The Aditya Birla Group firm formalised the agreement through a share subscription and shareholders’ agreement, according to the regulatory filing. The […]
New Year’s Eve 2023 was exciting for India’s food delivery platforms, according to consulting firm Redseer Strategy Consultants. The gross orders placed throughout the day were a record amount of 6.5 million, which is 18 per cent more than the 2022 New Year’s Eve. 2022 New Year’s Eve was tremendous, with a total of 5.5 […]
Tata Starbucks has reported a net loss of Rs 24.97 crore from its operations in India for the fiscal year that ended on 31 March 2023, according to the business intelligence platform Tofler. However, its revenue from operations was Rs 1,086.89 crore for the same time, up 70% due to the inclusion of additional cafes […]
The Union commerce ministry has announced a high-level inter-ministerial meeting scheduled for next week, aiming to address and strategise against the challenges posed to India’s trade by the ongoing issues in the Red Sea. As per reports, the meeting would involve senior officials from five key ministries, namely external affairs, defence, shipping, finance, and commerce. […]
A memorandum of understanding (MoU) was signed between the Indian Navy and textile and apparel company Arvind for the supply of technically advanced uniform fabric for the Navy. Taking to social media, the spokesperson for the Indian Navy posted on X, “MoU signed between Indian Navy and M/s Arvind Limited for supply of a technically […]
