Exports from India to Australia have grown by 14 per cent to USD 5.8 billion in April-November this fiscal year due to the strong growth of various sectors, such as engineering, pharmaceuticals and electronics, according to a senior official’s statement on 29 December. The interim free trade agreement implemented on 29 December last year has […]
A look into the headlines that caught the reader’s interest most in the year gone. India’s Ecommerce Logistics Market All Set To Witness Exponential Growth India’s logistics sector has emerged as a market differentiator, with an increasing emphasis on efficiency and visibility within the supply chain. Recently, India made significant progress on the World Bank’s […]
Taiwanese electronics manufacturer Foxconn has invested USD 55.29 million in Bengaluru-based Foxconn Precision Engineering, a fresh capital made through the company’s Singapore-based subsidiary Foxconn Singapore. Foxconn Singapore has acquired 46,08,76,736 shares in total at Rs 10 each. The company’s Bengaluru unit was incorporated six months ago to set up a Rs 8,800 crore supplementary plant […]
Earnings for the Indian poultry companies improved in H1 FY2024 but commodity inflation could disrupt the momentum in H2, the rating agency Icra has said. The rating agency has maintained its revenue growth expectations at eight to ten per cent for the domestic poultry industry in FY2024. “This will be driven by significant volume expansion […]
Intel Israel and Israeli government authorities announced plans to build a new manufacturing facility in Kiryat Gat on Tuesday morning with a USD 25 billion investment. “The global company Intel’s choice to approve the unprecedented investment of USD 25 billion right here, in Israel, is important and significant,” Finance Minister Betzalel Smotrich said in a […]
Asian Granito’s stock surged nearly 9 per cent on 26 December, fueled by the launch of its sanitaryware manufacturing arm, AGL Sanitaryware. This marks the company’s big push into the bathroom market, leveraging its existing expertise in tiles. At 1.39 pm, shares of the company were trading nearly 6 per cent higher at Rs 75.85 […]
LT Foods, known for its Daawat brand of rice, is aiming for a larger slice of the convenience foods market, anticipating revenues of Rs 800 crore by 2028-29. This move was followed by the company’s initiative to diversify from its core business of packaged rice, sold domestically in India and exported globally. In 2017, LT […]
BlissClub, a Bengaluru-based direct-to-consumer (D2C) activewear brand focused on women, witnessed a significant surge in its operating revenue, reaching Rs 68 crore for the financial year ending 31 March 2023. However, the company also experienced increased losses, amounting to Rs 36 crore, marking a fourfold rise compared to the same period in the previous year, […]
FirstCry, an ecommerce platform focused on mother and childcare products, is set to introduce its initial public offering (IPO) in the early months of the upcoming year. Preceding the IPO launch, Softbank Vision Fund has divested a significant portion of its shares in the company. Softbank, the primary shareholder in retailer FirstCry, has sold off […]
Century Plyboards (India), a manufacturer of wood panels and the decorative industry has allocated an investment of close to Rs 1000 crore for the laminate Medium density fibreboard (MDF) and Poly Vinyl Chloride (PVC) unit in Andhra Pradesh. The first phase of production comprises two large-size presses of laminates in Badvel, Andhra Pradesh which was […]
