Wearable devices market in India saw a robust 53.3 per cent yearly growth in the first half of 2023, with shipping of 57.8 million units, according to data released by International Data Corporation (IDC). International Data Corporation (IDC) is a global market intelligence and advisory services provider. During the quarter of 2023, 32.8 million wearables […]
Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
Telecom company Bharti Airtel on Monday said it has prepaid Rs 8,024 crores to the Department of Telecom towards prepayment of deferred liabilities pertaining to spectrum acquired in an auction held in 2015. The liabilities which were prepaid had an interest rate of 10 per cent, Airtel said in a statement. Airtel, in the statement, […]
The state governments along with oil palm processing companies have initiated a mega plantation drive to further increase the area under oil palm cultivation in the country. Three major oil palm processing companies- Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F are actively promoting and participating with the farmers in their respective states for record […]
In line with the decline in international prices and the continuous policy interventions made by the central government, edible oil prices in India have declined considerably. In a written reply in response to a question in the Parliament on Wednesday, Minister of State for the Ministry of Consumer Affairs, Food and Public Distribution Sadhvi Niranjan […]
Despite the government’s lack of interest in growing commodity prices, the sugar price at Jodia Bazaar, the country’s principal wholesale commodities market, increased to Pakistani currency (PKR) 136-137 per kg from Rs 131-132 a few days ago, owing to an export-driven jump in demand, Dawn reported. Wholesale costs have risen by Rs 19 per kg […]
Tomatoes are now red-hot and burning a hole in the common people’s pockets as the prices have skyrocketed and are being sold at over Rs 100 per kg in several key cities. Many attribute the sharp rise in the vegetable to heatwaves in key tomato-growing areas and heavy rains, as well, as disruption in supply […]
The import tax on refined soybean oil has decreased from 17.5 per cent to 12.5 per cent, while the import tax on refined sunflower oil has decreased by a comparable percentage. The decision to decrease charges is completely at odds with the market sentiment, which was anticipating a duty increase given the recent collapse in […]
China’s factory gate prices reduced at the fastest pace in seven years in May 2023 and quicker than forecasts as demand weighed on a slowing production sector and affected the fragile economic recovery, Gulf Today reported. Factory-gate price is the price at which a factory sells goods to wholesalers. China has been tackling a sharp […]
The prices of food items in Pakistan have increased by 100 per cent this year compared to last year, as per the Pakistan Bureau of Statistics, Daily Dunya reported. Daily Dunya is an Urdu daily newspaper from Pakistan. In 1922, a bag of 20 kg flour was 1400 rupees, it has now exceeded 2300 rupees, […]
