Toothpaste maker Colgate-Palmolive (India)’s quarterly profit rose 30.5 per cent on Wednesday, aided by improved domestic demand. Net profit rose to Rs 274 crore for the quarter ended 30 June compared to Rs 210 crore a year earlier. Steady rural demand pick-up and some ease in domestic retail inflation helped Indian consumer goods companies log […]
In line with the decline in international prices and the continuous policy interventions made by the central government, edible oil prices in India have declined considerably. In a written reply in response to a question in the Parliament on Wednesday, Minister of State for the Ministry of Consumer Affairs, Food and Public Distribution Sadhvi Niranjan […]
IMF’s Chief Economist and Director, Pierre-Olivier Gourinchas, has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility in food prices in the rest of the world. “And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would […]
Pilot Pen, the well-known pen brand in the premium functional category on Monday announced its entry as a sole entity in India and dissolved its partnership with a popular Indian brand of writing instruments. According to Hiroki Kisaichi, MD PPIN, Pilot has invested about USD 85.5 million in setting up the new manufacturing unit in […]
The technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market, and the market is likely to double in the next five years, said Rachna Shah, Secretary, Ministry of Textiles. “Within India, the market size is around USD 22 billion, and the goal of the government […]
Reliance Industries (RIL) on Monday acquired 33.33 pc stake in Brookfield Infra-Digital Realty data center business in India. RIL entered into an agreement with Brookfield Infra and Digital Realty in their Indian SPVs set up for developing data centres in India. As per the RIL’s official statement, it will hold a 33.33 per cent stake […]
As far as sweets are concerned, every town in Karnataka has its own specialities. But among them, Mysore Pak, which was invented in the royal kitchen of Mysore kings, has carved a niche for itself in the inernational market while highlighting the rich culinary heritage of India. Recently, Mysore Pak was ranked 14th among the […]
The Indian coffee scene is changing and how. As per the statistics of the Coffee Board of India, the bold Robusta has taken over the humble Arabica in terms of domestic demand. According to the data for 2022, while Robusta took over 60 per cent of the market with a sale of 1,200,000 tonnes for […]
Lord Karan Bilimoria, the British businessman and member of the House of Lords, expressed his optimism about reviving the manufacturing and distribution of Cobra Beer in India. As the founder of Cobra Beer, Bilimoria revealed his plans during an event in Hyderabad, Telangana. Bilimoria shared the unfortunate setback that Cobra Beer faced due to the […]
The Indian government rejects BYD’s USD 1 billion manufacturing plant proposal in India due to security concerns, reported a media house. The Chinese automaker had intended to produce electric vehicles (EVs) and electric batteries in India in collaboration with an Indian EV company, Megha Engineering and Infrastructure. Security concerns regarding Chinese investments in India were […]
