Ecommerce major Amazon India has introduced a new vertical called ‘Bazaar’ featuring affordable products below Rs 600, including apparel, watches, shoes, jewellery and luggage, according to a media report on Saturday. This new vertical is live on Amazon India’s Android app and is onboarding diverse Indian companies that offer budget-friendly products. The report highlighted that […]
India has extended the timeline for duty-free imports of yellow peas by two more months until June 2024, an official notification from the Directorate General of Foreign Trade said on Friday. In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April. It was part […]
Despite a steep surge in gold prices in the second half of the quarter, jewellery giant Kalyan Jewellers’ consolidated revenue increased by roughly 34 per cent in Q4 FY2024, the company stated in a quarterly statement on BSE. The jewellery retailer’s consolidated revenue increased by 31 per cent in FY2024 compared to the previous year. […]
India has allowed a limited quantity of onion exports to the United Arab Emirates (UAE), defying the extended ban on onion exports imposed until further notice. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification on Wednesday, permitting the export of an additional 10,000 metric tons (MT) […]
India’s car manufacturer Maruti Suzuki India Limited has touched a significant milestone by achieving a cumulative production of over three crore car units in India. The achievement has made it the fastest among all Suzuki production bases to reach this feat in just 40 years and 4 months since the start of production in December […]
The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions have surged by 56 per cent year-on-year (YoY) in H2 2023, card transactions saw a modest growth of 6 per cent. Startling revelations have emerged regarding the digital payments landscape in India for the latter half […]
The rating agency Icra has said that India’s apparel exports are likely to grow by 8 to 9 per cent in the financial year (FY) 2025, benefitting from the low base and with replenishment of stock in the United States (US) and the European Union (EU) regions. Following the tepid demand environment in FY24, Icra […]
India witnessed a significant surge in March in sunflower oil imports, soaring by 51 per cent compared to the previous month, reaching the second-highest level on record. This increase was primarily attributed to lower prices, compelling refiners to boost their purchases of sunflower oil while decreasing their procurement of rival palm oil, according to the […]
CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger. According to the rating agency, the effect of the HDFC merger […]
Prices of smart TVs are projected to rise in the first half of the current calendar year due to an increase in panel prices in the international market, as per a report released on Thursday. Brands are anticipated to pass on these higher costs to consumers, resulting in a hike in smart TV prices, according […]
