The Confederation of Indian Industry (CII) has said that the opportunity to become part of global value chains has significantly increased post the G20 declaration adopted in New Delhi. In an exclusive interview with ANI, R Dinesh, President of CII and Executive Vice Chairman at TVS Supply Chain Solutions said, “India has been one of […]
Hours after saying he was of the view that an additional GST must be imposed on the sale of diesel cars, Union Transport and Highways Minister Nitin Gadkari clarified that no such proposal currently under active consideration by the central government. “There is an urgent need to clarify media reports suggesting an additional 10 per cent […]
India has imposed an anti-dumping duty on some Chinese steel for a period of another five years, according to an official gazette by the Ministry of Finance. An anti-dumping duty of USD 613 per tonne has been imposed on flat-base steel wheels from China, according to a notification on Monday. Such duty on steel wheels […]
Reliance Retail Ventures (RRVL) announced on Monday that the global investment firm KKR, through an affiliate, will invest Rs 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in […]
Jio Platforms, a subsidiary of Reliance Industries, has joined forces with NVIDIA, a global leader in AI computing, to unveil an Artificial Intelligence cloud infrastructure to revolutionise India’s AI landscape. According to a media release by Jio Platforms, this collaboration is set to accelerate India’s progress in artificial intelligence, supporting the nation’s competitiveness and addressing […]
Uniqlo, the largest clothing brand in Asia, has reported a 69 per cent increase in sales, with its Indian unit nearly tripling its net profit for the fiscal year ending in March 2023. According to their latest filing with the Registrar of Companies, the Japanese brand achieved a net profit of Rs 68.38 crore, with […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
India’s palm oil imports are set to jump 26 per cent to a record high in the 2022-23 year ending on 31 October, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country’s top palm oil buyer told Reuters on Wednesday. Higher purchases by the world’s biggest importer of palm […]
Campus Activewear, an athleisure footwear brand, announced the launch of new technology – “Air Turbo” as part of the Campus Nitroboost range. With this, Campus becomes the pioneer in bringing this footwear tech through specially designed ranges suited for Indian consumers. The Campus Air Turbo features an innovative air circulation system built right into the […]
India is monitoring steel imports after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country’s steel secretary told Reuters on Monday. During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62 per […]
