India and China agree to resume direct air services and Kailash Mansarovar Yatra in 2025, improving strained relations.
Building on the thaw in relations, India and China have agreed in principle to resume direct air services between the two countries and restart the Kailash Mansarovar Yatra in the summer of 2025. According to the Ministry of External Affairs, the agreements were part of the decisions taken by Foreign
Battle for Control: Danny Gaekwad moves to seize 55 per cent stake in Religare, writes to REL Board on competing offer
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he
India’s wheat procurement unlikely to be hit by higher market price
Despite wheat prices ruling high currently in the market, the government is optimistic about good procurement when the rabi marketing season begins. It is view is based on the 2023-24 purchases, which was 40 per cent higher than the previous season despite higher inflation of 17 per cent just before
Pricely palm oil may lose market share to soft oils, says Asian Palm Oil Alliance chief
Palm oil will continue losing market share if its prices remain elevated compared to soft oils such as soyabean and sunflower, Atul Chaturvedi, Chairman of Asian Palm Oil Alliance (APOA) and Special Advisor to Solvent Extractors’ Association of India (SEA) has said. In his keynote address at the Globoil Asia
Jaishankar to meet UAE leadership to discuss enhancement of bilateral ties
External Affairs Minister S Jaishankar is on a three-day visit to the United Arab Emirates where he will meet the country’s top leadership to advance the India-UAE comprehensive strategic partnership. “During the visit, EAM will meet the leadership of the UAE to review the close partnership between the two countries
Retailers posted 5% growth in December: Retailers Association of India
Retailers reported 5 per cent growth impacted by inflationary pressures in December over same period last year , as per the latest survey by Retailers Association of India (RAI). The industry is now hoping for measures in the upcoming budget to boost consumption. The 57th Retail Business Survey, is for
Blenders, support boost tea sales at Coonoor auctions
Useful support lent by blenders and packagers, who sell to retail outlets in packets, helped increase tea sales at Coonoor auctions, despite the market being irregular market. Traders said the price was maintained at the bottom level while high-priced tea categories were irregular in sale no:4. Global Tea Auctioneers said
Takeover tussle intensifies: Florida investor Danny Gaekwad ups the ante with 55% stake bid for Religare
Florida-based businessman Danny Gaekwad announced on Sunday that, if permitted by SEBI, he would be willing to acquire a controlling stake in Religare Enterprises Ltd (REL) by launching a competing open offer for 55 per cent of the company’s outstanding share capital. This marks a significant shift from his earlier
Govt considering direct transfer of agri-subsidy to farmers
Agriculture Minister Shivraj Singh Chouhan on Sunday said that the government is considering a plan under which both Centre and States could share the logistics costs when farmers bring their produce and sell directly to consumers. He also said that the government is considering a plan to directly transfer the
Demand revival in emerging markets aids automobile exports grow 19% in 2024
Automobile exports from India rose 19 per cent year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19 per cent from 42,85,809 units exported in 2023. “Last year saw revival in