Automaker Maruti Suzuki is yet again set to increase the prices of its cars in January. According to the automaker, the proposed hike was necessitated due to an increased cost pressure driven by overall inflation and increased commodity prices. “While the company makes maximum efforts to reduce cost and offset the increase, it may have […]
India’s milk production is expected to reach a record 230.58 million tonnes in the fiscal year 2022-23, marking a 4.2 per cent increase compared to the previous year. This growth is always concerned about potential stagnation in output due to lumpy skin diseases (LSDs) reported in cattle last year. Despite the positive outlook, this growth […]
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
Minister of Electronics and Information Technology, Ashwini Vaishnaw, took to social media platform X to announce achievement in the mobile industry. In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just nine years. Minister Vaishnaw posted on X, “Met Mobile industry to […]
The Global Trade Research Initiative (GTRI) on Sunday recommended that the Indian government examine the bilateral free trade agreement with Singapore and assess it in conjunction with the ASEAN bloc. The GTRI also suggested a similar evaluation with Thailand, another ASEAN member. This comes as India and ASEAN are set to review their trade pact […]
Tech major Lenovo on Friday said that it is launching Preferential Market Access (PMA) compliant PCs with its ‘made in India’ motherboard, underscoring its commitment to strengthen and expand its manufacturing footprint in the country. The company said the move has qualified it for the Class 1 PMA bracket with over 50 per cent of […]
The Body Shop India introduced recycled cotton gift pouches, that customers can fill in with the treats they love. These pouches are crafted by Teddy Exports, and each one carries the stories of the women working there. Teddy Exports not only provides a fair income but also employment to over 600 individuals, such as artisan […]
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 […]
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 […]
India’s digitization has pushed the e-commerce landscape to new heights, with a growing number of consumers relying on online platforms for their shopping needs. However, this rapid growth has also brought about various challenges and concerns related to the Monopoly of a few big marketplaces, small retailers’ interests, fair competition, logistics, and so on. Post-COVID, […]
