Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
India might contemplate permitting foreign vendors of Tesla, specifically those in China, to produce essential components within the country. However, the government is not inclined towards granting special exemptions exclusively for Tesla or any other specific company. This development carries significance due to the fact that certain crucial components required for electric vehicles, such as […]
The Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore, official data showed Tuesday. The GST revenues generated in July 2023 were 11 per cent higher than it was registered in the same month last year. Of the total GST collection in July, CGST was Rs […]
India’s gold demand in April-June 2023 quarter dropped by 7 per cent to 158.1 tonnes, attributable to high gold prices which significantly impacted affordability and consumer sentiment, said World Gold Council in a report on Tuesday. In comparison, in the same quarter the previous year, the demand for yellow metal was 170.7 tonnes. Coming to […]
Reliance Retail has unveiled its all new JioBook, a lightweight and pocket-friendly 4G-LTE powered laptop designed to cater to all age groups. JioBook touted as ‘India’s First Learning Book’ will be available at Rs 16,499 starting 5 August 2023, and customers can purchase JioBook from Reliance Digital’s online and offline stores, as well as through […]
As part of continuous menu innovation, McDonald’s India – North and East has joined hands with Coca-Cola India to bring Mixology platform to India, in its endeavour of meeting the ever-evolving needs of consumers. Accordingt to the media release, the speciality beverages platform brings forth a variety of flavours and experiences for the consumers. To […]
Multinational retail giant Walmart has recently completed a significant financial transaction, purchasing hedge fund Tiger Global’s investment in the renowned Indian e-commerce firm, Flipkart, for a staggering USD 1.4 billion. This acquisition, reported by The Wall Street Journal based on information from Tiger Global’s letter to investors, places a valuation of USD 35 billion on […]
Union Minister of Commerce and Industry Piyush Goyal said that the Indian Footwear and Leather industry is not only a major foreign exchange earner but being a labour-intensive sector, it also provides employment to approximately 4.5 million people, 40 per cent of whom are women. While addressing as a Chief Guest at India International Footwear […]
Adani Enterprises Subsidiary Raises Rs 3,231 Crore (USD 394 Million) from Barclays and Deutsche Bank for Solar Module Manufacturing Facility. In a significant boost to its business endeavours, an arm of Adani Enterprises has successfully secured Rs 3,231 crore (USD 394 million) from Barclays PLC and Deutsche Bank AG to meet its working capital requirements. […]
With India trying to develop its semiconductor presence worldwide, Micron Technology CEO Sanjay Mehrotra’s update about the chip export pinned optimism towards the country’s Semicon ride globally. Mehrotra said the chips to be manufactured in Micron’s Gujarat facility will be shipped in India as well as abroad. The CEO was addressing an annual semiconductor conference […]
