Ola electric’s move marks a milestone as it aims to raise Rs 5,500 crore in a landmark IPO, drafts papers and presents key risk factors to potential investors to SEBI. This move sets the stage for the first-ever public listing by an Indian EV firm, disrupting the market and fueling the EV revolution. The proposed […]
India’s overall exports, merchandise and services combined, in November are estimated to be USD 62.58 billion, exhibiting a marginal positive growth of 1.23 per cent yearly, official data released on Friday showed. The overall exports during November 2022 were worth USD 61.82 billion. Major contributors to export growth in November 2023, though marginal, include iron […]
Coffee chain Third Wave Coffee Roasters has reportedly laid off approximately 120 employees as part of a restructuring initiative, following its recent fundraise. According to media reports, mid- and senior-level personnel across various departments, including business development, design, sales, marketing, supply chain management, and strategy teams, have been affected. The restructuring involves retaining only two […]
The manufacturing sector in India has been witnessing proliferating growth in investment, depicting a crucial phase in the country’s economic arena. As per the published dossiers by the Department for Promotion of Industry and Internal Trade (DPIIT), the manufacturing sector engrossed substantial Foreign Direct Investment (FDI), with FDI equity inflows tallying around USD 17.51 billion […]
Indian government on Tuesday told the World Trade Organization (WTO) that it has no plans to extend the ban beyond the mentioned products in the October notification pertaining to IT hardware products such as personal computers, Tablets and laptops. The government said that industry consultations were undertaken before issuing the notification on 3 August and […]
ITC, a conglomerate spanning hotels to consumer goods on Tuesday disclosed that its packaged consumer goods division experienced a robust 14 per cent Compound Annual Growth Rate (CAGR) in revenues over the last three years, concurrently introducing 300 new products. In the fiscal year 2022-23, this segment, encompassing brands like Aashirvaad, Sunfeast, Fiama and Engage, […]
India’s wheat inventories at state warehouses have dropped to 19 million metric tons, the lowest in seven years, two government sources said on Friday, as two years of falling production forced state-run agencies to sell more grain to private players. Last year, India, the world’s second-biggest wheat producer, banned exports after output was curtailed due […]
The rise in prices of onions and tomatoes pushed up the cost of vegetarian and non-vegetarian thalis by 10 per cent and 5 per cent respectively in November over the last month, according to a report by CRISIL. This is a rise of 9 per cent in the cost of the vegetarian thali in November […]
Tech major Apple is reportedly on a hunt for new suppliers in India, Japan and South Korea to provide crucial components to its contract manufacturers in India, according to a latest report by the Economic Times. Apple’s search came against the backdrop of delayed approvals from the Indian government for imports from existing suppliers, primarily […]
Major Apple suppliers Foxconn and Pegatron have been compelled to suspend iPhone production at their factories near the capital of Tamil Nadu in the wake of torrential rains and an impending cyclone in the southern Indian city of Chennai. The heavy rains have claimed at least two lives and led to the submersion of the […]
