Vegetable prices are expected to remain high till June due to above-normal temperatures, posing challenges for consumers across India. According to a report by CRISIL, this trend, driven by erratic weather patterns and climate change, highlights the vulnerability of vegetable prices to environmental factors. The report also highlights that despite attempts by stakeholders to address […]
In its global earnings statement, PepsiCo announced a “high single-digit growth” in beverage unit volume and “double-digit growth” in its convenient food business in the Indian market during the first quarter of 2024. The net revenue in the Africa, Middle East, and South Asia (AMESA) division, which includes the Indian market, increased by 2% to […]
Reliance Jio, the telecom giant of India, has become the world’s largest mobile operator in terms of data traffic, surpassing China Mobile. The announcement came on Monday as Jio revealed its quarterly results, showcasing staggering numbers and milestones achieved in various segments. As of March 2024, Jio boasts a subscriber base of 481.8 million, out […]
V2 Retail, a retail chain companies, has unveiled its ambitious expansion strategy, including the recruitment of over 1500 employees across diverse verticals. Alongside this hiring initiative, the fashion retailer is poised to augment its footprint with the addition of 35-40 new stores, each spanning approximately 4 lakh square feet. This expansion drive encompasses a substantial […]
Despite a decline in exports of many agricultural commodities, the export of soybean meal has revived while that of rapeseed meal has seen a remarkable growth in the last three years. Oilmeals are the residue left over after the extraction of oil from oilseeds and it is widely utilized as livestock feed globally. India exported […]
Gross direct tax collections for the Financial Year (FY) 2023-24 in India touched Rs. 19.58 lakh crore, compared to Rs 16.64 lakh crore in FY 2022-23, reflecting an increase of 17.70 per cent. According to a release from the Union Ministry of Finance, the Budget Estimates (BE) for Direct Tax revenue in the Union Budget […]
Gems and jewellery exports experienced a notable decline of 12.17 per cent during the fiscal year 2023-24, amounting to Rs 2,65,187.95 crore (USD 32,022.08 million), according to data from the Gem and Jewellery Export Promotion Council (GJEPC). This decrease is attributed to several factors, including high interest rates in the US and a sluggish recovery […]
Rareism, a women’s fashion brand, has set its sights on a substantial expansion across India, aiming to open 100 stores within the next two years, according to a recent media release. Having achieved a milestone of 30 stores, including the recent launch of its third store in Hyderabad, the brand is making significant strides towards […]
Blue-collar workers, comprising over 80 per cent of India‘s non-agricultural workforce, play a pivotal role in driving and sustaining the country’s economy across diverse sectors. McKinsey & Company forecasts that by 2030, 70 per cent of the 90 million new jobs anticipated in India will fall under the category of blue-collar roles. These positions constitute […]
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the fifth month after remaining in the negative zone for seven months until October. The annual rate of inflation based on all India Wholesale Price Index (WPI) numbers is 0.53 per cent (Provisional) for March 2024 (over March 2023), showed […]
