India’s coffee exports reached a new peak in value during the calendar year 2023, driven by higher global prices despite a 5.5 per cent decline in volumes due to reduced offtake by key buyers in Europe and Russia. The exports surged by 4.50 per cent to achieve a record USD 1.16 billion in 2023, compared […]
Stocks of Honasa Consumer, the parent firm of Mamaearth, surged by 10 per cent, hitting the upper circuit after reaching a record high of Rs 490.20 in the Monday trading session. This movement followed the exchange of 32.60 lakh shares, accounting for 1 per cent of the firm, during a block deal. The block deal […]
India’s milk production is expected to reach a record 230.58 million tonnes in the fiscal year 2022-23, marking a 4.2 per cent increase compared to the previous year. This growth is always concerned about potential stagnation in output due to lumpy skin diseases (LSDs) reported in cattle last year. Despite the positive outlook, this growth […]
Goods and Services Tax (GST) collections for October stood at Rs 1.72 lakh crore, which is the second highest ever, according to an official statement issued by the Finance Ministry on Wednesday. “The gross GST revenue collected in the month of October 2023 is Rs 1,72,003 crore, out of which Rs 30,062 crore is CGST, […]
India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
