Pearl Global Q2 Profit Rises 29%, Unveils Rs 250 Cr Capex Plan
Pearl Global Q2 profit up 29% to Rs 72 crore; revenue grows 9% to Rs 1,313 crore. Announces Rs 250 crore expansion and Rs 6 dividend.
Fashion & Lifestyle
News
Indian Rice Exports Up In Price As Duty Hike Bites, Demand Stays Weak
- by BW Retail World Bureau
- March 29, 2024
India’s rice export prices surged this week due to increased duties on rice shipments, while demand in Thailand remained subdued. The 5 per cent broken parboiled variety from India was quoted at USD 550-558 per ton, rising from the previous week’s range of USD 543-550. Earlier in the month, prices had reached a peak of […]
Export
International
National
News
India Becomes Top 3 Smartphone Exporter To US, Shipments Surge 350%
- by BW Retail World Bureau
- March 18, 2024
India’s smartphone exports to the US surged to $3.53 billion in the April-December period of the current fiscal year, a significant increase from $998 million during the same period last year, as per data from the commerce ministry. This boost in outbound shipments has propelled India’s smartphone market share to 7.76 per cent in April-December […]
Export
National
News
Indian Cotton Yarn Industry To See Volume Jump, Exports Soar 85-90%: Report
- by BW Retail World Bureau
- January 31, 2024
Talking about the domestic cotton spinning industry, the rating agency Icra in a report has said that the demand for the industry is likely to improve by close to 12-14 per cent in volume terms in FY2024 every year. The report added that yarn exports are likely to increase by a sharp 85 to 90 […]
Electronics
Finance
Government
Manufacturing
National
News
India Considers Import Duty Cuts To Boost Smartphone Production
- by BW Retail World Bureau
- January 12, 2024
India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country’s exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India […]
Export
National
News
Indian Shoe Market Aims To Triple By 2030
- by BW Retail World Bureau
- January 8, 2024
The Indian footwear industry has the potential to experience significant growth, expanding from its current valuation of USD 26 billion to reach USD 90 billion by 2030, according to a report by the Global Trade Research Initiative (GTRI). To achieve this, the report outlines several measures, including banning shoe imports, offering fiscal incentives, establishing more […]
Brands
Companies
Food & Beverage.
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Zomato Trims Fat, Liquifies Polish And Vietnamese Operations
- by BW Retail World Bureau
- January 6, 2024
Food delivery platform Zomato has taken a significant step in streamlining its international operations by initiating the liquidation process for its businesses in Vietnam and Poland. The announcement, made through a regulatory filing on the Bombay Stock Exchange (BSE) on Thursday, confirmed the dissolution of Zomato Vietnam Company Limited (ZVCL) and Gastronauci, its Vietnamese and […]
Brands
Companies
Finance
Food & Beverage.
News
Tata Coffee To Expands Vietnam Operations With Rs 450 Cr Investment
- by BW Retail World Bureau
- November 30, 2023
Tata Coffee has received approval from its board for a capacity expansion of its wholly-owned subsidiary in Vietnam with an investment of Rs 450 crore. The regulatory filing by the company stated that the board has given the green light for the establishment of an additional 5,500-tonne freeze-dried coffee facility in Vietnam. The investment for […]
Brands
Companies
Electronics
Finance
International
Manufacturing
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Apple Supplier Luxshare Shifts Investment To Vietnam, Citing India Tensions
- by BW Retail World Bureau
- November 17, 2023
One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Export
National
News
India’s Oilmeal Exports Rises 19% In Q1 FY2023-2024
- by BW Retail World Bureau
- July 20, 2023
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]