At least 3.49 lakh units sold in the top seven cities in the first nine months of 2023, about 24 per cent or 84,400 units were luxury homes priced >INR 1.5 crore. About 84,400 luxury units, priced >INR 1.5 crore were sold in the top seven cities between January-September this year, against approx. 39,300 in […]
Minister for Electronics and Information Technology Ashwini Vaishnaw announced on Friday at India Mobile Congress (IMC) that nearly 80 per cent of the equipment used in 5G technology is produced within. He further highlighted that locally designed and manufactured telecom equipment is exported to 72 countries in the world. Speaking to the media on 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 market for Indian textiles and apparel manufacturers could reach USD 350 billion by 2030, owing to the long-term positive outlook for the Indian economy and a strong focus on emerging areas such as technical textiles, home furnishing, specialised fabrics and fashion apparel, according to the FICCI-Wazir Advisors report. “The transformational change for the textile […]
Ola Electric, the Bengaluru-based electric vehicle (EV) manufacturer, has successfully closed a major funding round, raising Rs 3,200 crore. The investors leading this infusion of capital include Temasek and the State Bank of India. This substantial investment is set to drive Ola Electric’s ambitious plans for the future. A significant portion of the funds is […]
Asian Paints on Thursday reported a 53.31 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 1,232.39 crore for the second quarter of the financial year 2023-24, compared to Rs 803.83 crore in the same quarter last year.year-ago period. However, the profit declined by 21.74 per cent. The company’s consolidated revenue slightly […]
Jubilant FoodWorks, a food service company, on Wednesday reported a 26 per cent loss in consolidated net profit at Rs 97.20 crore for the September quarter of FY24 compared the previous year at Rs 131.52 crore, The total revenue of the company increased by 5. 15 per cent at Rs 13,68.63 crore from Rs 1,301.48 crore […]
As the festive season in India unfolds, logistics, especially the cold supply chain, takes center stage. The linchpin ensures the seamless flow of essential goods, especially perishables like sweets, dairy products and fresh produce, for families as they come together to celebrate. However, the festive season also witnesses a spike in wastage due to the […]
A G7 statement announcing a ban on imports of Russian diamonds is expected by the end of this month, followed closely by a proposal for the European Union’s 12th package of sanctions on Russia, diplomatic sources said. “We now need the final blessing of the G7 before then translating these elements in legal texts at […]
Reliance Jio Infocomm Limited on Wednesday announced a partnership with network services and consumer experience pioneer Plume to provide market-leading smart home and small business services to its subscribers across India. Reliance Jio said that this partnership will deliver state-of-the-art services, through Plume’s highly scalable cloud platform, to about 200 million premises in India. “As […]
