Australian Consul General visits Harrisons Malayalam Kochi office
Australian Consul General in South India, Silai Zaki, visited the Kochi office of Harrisons Malayalam Limited as part of Canberra’s initiative to strengthen bilateral trade relations with the South Indian States. She has offered support needed to market horticultural products from India to Australia. She will also examine the possibility
RBI’s FX interventions intended to ensure that the market is liquid and deep, and functioning in an orderly manner, say officials
The RBI’s interventions in the foreign exchange (FX) market are intended to ensure that the market is liquid and deep, and functioning in an orderly manner, according to central bank officials. In an article “State of the Economy” in RBI’s latest monthly bulletin, the officials underscored that India’s FX reserves
IIFCL plans $200 million External Commercial Borrowing by January 2025, says MD Jaishankar
State-owned diversified infrastructure lender India Infrastructure Finance Company Ltd (IIFCL) plans to raise about $200 million through external commercial borrowing (ECB) by January 2025, its Managing Director, PR Jaishankar said. “This will be IIFCL’s first ECB since its inception in 2007. So far, we have only raised funds from multilateral institutions.
Storage in major reservoirs down on 11% post-monsoon deficient rainfall
The water storage in India’s 155 major reservoirs dropped further by 2 percentage points this week to 83 per cent of the capacity. However, the level was higher than last year and the last 10 years average (normal level), data from the Central Water Commission (CWC) showed. The levels in
Zopper raises $25 million in Series D round
Zopper, an insurtech platform, has raised $25 million in series D funding round, co-led by Elevation Capital and Dharana Capital. The round also saw participation from existing investor Blume Ventures. Zopper is also backed by Creaegis, Bessemer Venture Partners and ICICI Venture. Zopper will use this fresh funding to ramp
India’s consumer durable makers to log 11-12 pc growth in FY25, ETCFO
New Delhi, Nov 21 (IANS) Revenue of consumer durable manufacturers in India is projected to rise 11-12 per cent this fiscal (FY25), continuing the healthy run after a strong 13 per cent growth last fiscal, according to a report on Thursday. New Delhi, Revenue of consumer durable manufacturers in India
New office bearers for KPA
A Aravind Rao has been elected as the chairman of the Karnataka Planters Association (KPA) for the year 2024-25. M Salman Baseer was elected as the vice chairman at the 66th annual general meeting of KPA held at Madikeri, recently. M Salman Baseer, Vice Chairman, KPA Other members elected to
Indian MSMEs create about 10 crore jobs in 15 months, ETCFO
New Delhi, Nov 21 (IANS) The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government’s Udyam portal showed. New Delhi, The total number of
APEC Climate Center forecasts La Nina emerging during Dec-Feb
The APEC Climate Center (APCC) has said there is a 62 per cent chance for La Nina conditions to persist between December 2024 and February 2025 with conditions turning neutral during February-April 2025 and March-May 2025. “The APCC ENSO (El Nino Southern Oscillation) alert suggests ‘La Niña Watch’. Niño3.4 index
SEA President favours adoption of genetically modified crops to improve oilseeds’ productivity
The Solvent Extractors’ Association of India (SEA) has said the adoption of genetically modified (GMO) crops could revolutionise oilseed productivity in the country. In his letter to the members of SEA on Friday, Sanjeev Asthana, President of SEA, said India’s oilseed production is projected to grow from 35 million tonnes