Onions worth USD 523.8 million were exported from April to December 2022, a 16.3 per cent increase on a yearly basis, Union Ministry of Commerce and Industry said on Sunday. Currently, there is no restriction or prohibition on the export of onions, and the trade policy of onions is under ‘Free’ category. Only the export […]
A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies,” it said […]
OPPO, VIVO, realme, iQOO and OnePlus are some of the most widely recognized and trusted consumer electronics brands operating in India at the moment. The one thing that is common to all these brands is the fact that they operate under the umbrella brand of BBK Electronics. The company, whose foundation was laid in the […]
PepsiCo, said on Thursday that its Indian unit achieved “double-digit organic sales growth” in 2022. PepsiCo noted in its earnings report that it had gained market share in beverage and savoury snack markets, including India. PepsiCo’s net sales in the Africa, Middle East, and South Asia (AMESA) business, which includes India, increased 5.9 percent to […]
Apple CEO Tim Cook has called India a “hugely exciting market” for the company. Speaking at the company’s earnings call on Thursday, Cook stated that India will be a “major focus” for the company, which is looking to choose the country as an alternative production base to China and as a source of growth, Nikkei […]
The Union Budget for the fiscal year 2023-24 will be presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman, and the clock has already started ticking. The retail industry has a big wish list for Budget 2023 and retailers in the country express their hopes for the industry ahead of the Budget. Electronics […]
Bacardi India has launched an e-commerce platform, Legacy Collective, to bring together homegrown legacy Indian brands, according to a press release issued on Tuesday. The platform will feature an exclusive selection of homegrown Indian products, with the goal of creating a new legacy for India’s future lifestyle. It has collaborated with Isak Fragrances, an artisanal […]
Airtel 5G Plus services will be made available to customers in stages as the company builds its network and completes the rollout. Customers with 5G-enabled devices will have access to the high-speed Airtel 5G Plus network at no extra cost until the network is more widely available, the company said in its official statement. Currently […]
Walmart Inc. and other PhonPe shareholders will have to pay nearly USD 1 billion in taxes after the digital payments company relocated its headquarters to India, according to the media report. The bill is the result of the relocation and increase in value of PhonePe which Walmart acquired a majority stake in after acquiring parent […]
