Centre has reportedly imposed a 20 per cent export duty on parboiled rice as the paddy production is under a cloud due to excess rains in Punjab and Haryana and deficient showers in east India. According to the report, the move was aimed at maintaining adequate local stock and keeping the check under domestic prices. […]
India’s real estate sector is expected to expand to USD 5.8 trillion by 2047 when the country celebrates its 100th year of Independence, according to a report. The current real estate is estimated to be about USD 477 billion. The report released by real estate consultant Knight Frank India in association with the National Real […]
Reliance Retail Ventures (“RRVL”) on Wednesday announced that Qatar Investment Authority (“QIA”), through a wholly-owned subsidiary, will invest Rs 8,278 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore. RRVL, through its subsidiaries and associates, operates India’s largest, fastest growing, and most […]
S&P Global Market Intelligence has revised the global accurate GDP growth forecast for 2023 to 2.5 per cent, primarily owing to upward revisions in the US forecast. Earlier, it had predicted global growth at 2.4 per cent. However, the 2024 global growth forecast remains unchanged at 2.4 per cent. Turning the focus to India, it […]
India is not considering imposing any restrictions on exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday. Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. “There is no proposal as of now to […]
India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
Maersk, a global integrated logistics operator, on Monday said that it is planning to add over 300 electric vehicles to its fleet in India by October. The company has already deployed over 200 Electric Vehicles (EVs) across 15 cities in the country, and is planning to expand to another 11 cities, taking its overall EV […]
The food industry is one of the worst hit when it comes to seasonal inflation. And when tomato prices go north, it goes missing from some of the most popular dishes. For decades, the humble tomato slice has been a staple garnish of the American style burgers. But as tomatoes became expensive and the prices […]
Union Minister of Railways and Electronics and Information Technology Ashwani Vaishnaw on Friday addressed the G-20 Digital Innovation Alliance in Bengaluru and said that over the past decade, India’s entrepreneurial landscape has undergone a remarkable transformation. “Over the past decade, India’s entrepreneurial landscape has undergone a remarkable transformation. With just 500 start-ups a decade ago, […]
Jio on Friday announced the launch of Jio prepaid plans with a bundled Netflix subscription. A Netflix subscription is already available on select Jio Postpaid and Jio Fiber plans, but this is the first time that a Netflix subscription will be available on a prepaid plan, it said in a release. “With this launch, over […]
