Despite rising raw material costs, increase in the prices of petrol and diesel are improbable, due to the forthcoming general elections, according to Moody’s Investors Service. The price of petrol and diesel has been frozen for a record-breaking 18 months thanks to three state-owned gasoline retailers: Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and […]
India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs on Monday at a presser. “We are exploring new areas of cooperation including in trade in local currencies. This is one of the topics discussed by the two leaders,” Ravi told reporters in the […]
One97 Communications, which owns payments and financial services company Paytm on Monday announced that its wholly-owned subsidiary Paytm Payments Services, has become the first in the industry to enable merchants with alternate ID-based Guest Checkout solutions across networks. This was to allow customers to checkout as a guest without saving sensitive card details on an […]
The UAE food industry, seeking support from the Indian government for imports, has emphasized the substantial demand in Middle East countries for various products such as chicken, dairy, basmati rice, frozen marine goods, and wheat from New Delhi. To facilitate this, the industry has requested assistance in streamlining certification processes, enhanced coordination with the Agricultural […]
In the initial four months of the financial year, 2023-24 (April-July), India reported smartphone exports worth USD 4.67 billion, highlighting the United States emerging as the principal destination for India-manufactured devices, with exports skyrocketing to USD 1.67 billion during this period. According to the commerce ministry data, It is an increase from the USD 284.6 […]
The export of mobile phones from India almost increased by 100 per cent to around Rs 45,700 crore till August of the current financial year, as estimated by industry body ICEA. According to ICEA, the mobile phone export from India between April-August 2023 was around Rs 24,850 crore. Apple exported mobile phones worth more than […]
India’s food safety regulator and the Tea Board have conducted a meeting with all the stakeholders, including the research associations and growers to review the widespread concern on its quality and safety. The meeting was held in Kolkata on Saturday, according to a press release. CEO, of the Food Safety and Standards Authority of India […]
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]
PVR Inox, the multiplex chain, has forged a strategic partnership with Devyani International, the franchisee of Costa Coffee, to offer premium coffee at selected upscale properties. In a regulatory filing, PVR Inox stated, “PVR INOX Ltd has entered into an arrangement with Devyani International Ltd on October 4, 2023, for introducing Costa Coffee’s handcrafted hot […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
