The Indian retail market, worth USD 950 billion, is highly unorganised and dominated by general trade. While general trade drives 83 per cent of the overall market, its share is greater than 90 per cent in the groceries space, according to a report released by Redseer Strategy Consultants. The fragmented market puts retailers at a […]
Residential real estate developers across top cities in India are expected to clock 8-10 per cent sales growth this 2023-24 fiscal despite rise in interest rates and asset price, said Crisil Ratings in a report. Buoyant residential demand across the mid, premium, and luxury segments had resulted in robust sales growth in the past two […]
Bajaj Consumer Care on Tuesday launched its new henna product, Bajaj 100% Pure Henna. According to the company, the product contains zero added chemicals, the product is 100 per cent natural and fully safe. “Henna has been a part of the traditional beauty regime in India since ages and we are delighted to introduce Bajaj […]
Over 830 lakh tonne paddy has been procured from farmers at Minimum Support Price (MSP) benefitting about 1.22 crore during the ongoing paddy procurement operations of marketing season 2022-23. Payments worth Rs 171,000 crore have so far been transferred directly into their accounts, an official release from the food ministry said Wednesday. Food Corporation of […]
White House National Security Council (NSC) Coordinator for Strategic Communications John Kirby said on Tuesday said that it is up to India to decide to buy Russian oil and hoped that India will continue to buy Russian oil in keeping within the price cap. Speaking on the price cap on Russian oil, Kirby said, “The […]
Reliance Industries is India’s most valuable company and is also the highest taxpayer and most profitable company, according to ‘2022 Burgundy Private Hurun India 500’ list. Burgundy Private, Axis Bank’s Private Banking Business and Hurun India have released the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list, which ranks […]
Civil aviation fleet in India has risen 75 per cent since 2013-14 to about 700 and is likely to rise towards 1500-2000 in the next half a decade, said Union civil aviation minister Jyotiraditya Scindia a day after Indigo announced the 500 aircraft mega deal with Airbus. “Capability of the Indian civil aviation sector is […]
Indian airline IndiGo’s board has approved an order for 500 Airbus A320 family aircraft, making it the biggest order in its history, an official said on Monday. The purchase agreement was signed on J19 June at the Paris Air Show 2023 in the presence of Chairman of the Board of IndiGo V Sumantran, CEO of […]
Vedanta has announced its plans to invest USD 1.7 billion in the current financial year to expand its business operations. Chairman Anil Agarwal shared this information in the company’s Annual Report for the financial year 2022-23. The company has already invested USD 1.2 billion in growth capital expenditure during the same period to enhance its […]
India’s overall exports, both merchandise and services combined, in May 2023 are estimated to be USD 60.29 billion, registering a decline of about 6 per cent from May 2022, official data revealed on Thursday. Overall imports in May 2023 are estimated to be USD 70.64 Billion, down 7.45 per cent from May 2022. India’s overall […]
