Volatile Gold Prices Hit Small, Standalone Jewellers, Says WGC
The report states that gold jewellery volumes are lower year-on-year (YoY), despite the wedding season, as higher prices and affordability weigh on consumption
The report states that gold jewellery volumes are lower year-on-year (YoY), despite the wedding season, as higher prices and affordability weigh on consumption
The maximum retail price (MRP) of packaged drinking water bottle will be revised from Rs 15 to Rs 14 per bottle of one litre
The average FMCG product price rose 11 per cent during the summer months, with frozen food and cold beverages witnessing the steepest increases at 16 per cent and 15 per cent respectively
India witnessed a remarkable surge in silver imports in February, reaching an unprecedented 260 per cent increase, driven by lower duties that incentivized substantial purchases from the United Arab Emirates (UAE), according to reports from government and industry sources shared with Reuters. Projections suggest that this trend is set to continue, with a potential 66 […]
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 […]
In a relief to people ahead of the Lok Sabha polls expected to be held in April-May, the government has decided to cut the price of petrol and diesel by Rs 2 per litre. The Ministry of Petroleum and Natural Gas said in a post on X that Oil Marketing Companies (OMCs) have informed that […]
India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]
India imported 1.2 million tonnes of vegetable oils in January 2024, 28 per cent lower than it shipped in the same month last year at about 1.7 million tonnes, data compiled by The Solvent Extractors’ Association of India (SEA) showed on Monday. Of the total imports, it consisted of 1.19 million tonnes of edible oils […]
India Manufacturing Purchasing Managers’ Index (INPMI), climbed to 56.5, up from an 18-month low of 54.9 in December, according to HSBC India Manufacturing Purchasing Managers’ Index compiled by S&P Global. India’s manufacturing industry had significant progress at the start of 2024, achieving its quickest expansion in four months in January. Although the final reading was […]