Festival sales: It’s not a cracker of a Diwali but neither a damp squib
In the run-up to Diwali, India Inc. was worrying about factors like the West Asia conflict, global uncertainty, and food inflation affecting festival sales. But three days before the big festival, there is optimism. Local factors like a favourable monsoon season have contributed positively to sentiment. Kumar Rajagopalan, CEO, of
Food Minister assures “every grain” of paddy will be procured in Punjab
Union Food Minister Pralhad Joshi on Sunday assured that “every grain” in the current rice procurement season in Punjab, the largest contributor of the grain to the Central Pool stock, will be procured and dismissed the current stand-off terming it as created by vested interests while there is no crisis.
Direct flights open up new overseas destinations, Indian arrivals rise in double digits
Last year, IndiGo operated its maiden flights to Central Asia. It was an uncharted territory for the airline but with the rising traffic, its expansion bet seems to have paid off. Also read: Boeing strike to impact Indian carriers growth: CAPA India Indian tourist arrivals in popular leisure destinations such as
Nirmala Sitharaman: Jobs are the world’s top priority, calls for strategic global skilling collaboration
Finance Minister Nirmala Sitharaman has called jobs the most pressing global issue. She has also urged the World Bank to collaborate with countries to identify high-priority skilling sectors that generate employment. She was making intervention at the plenary lunch during the annual meeting of the International Monetary Fund and World
Brands hop on to quick commerce this festive season
D2C brands are joining the queue to launch campaigns exclusively with quick commerce platforms to acquire new customers and drive sales, especially in the festive season. Quick commerce platforms are becoming the preferred choice for brands to launch new products and a major revenue driver for brands as they
Supply of manpower to foreign company for working in India to attract GST, says UPAAR
Supply of manpower for work in India to foreign clients having no permanent establishment here will not be treated as export of services and accordingly attract GST, Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has said. The applicant, Noida-based Pacific Staffing Solutions sought advance ruling on its plans to provide
Easing West Asia tensions bring back overseas tea buyers to Kochi
The easing of tensions in West Asia is reportedly facilitating overseas tea buying from Kochi auctions, which is evident from the increase in sales percentage. According to traders, there has been a widespread demand from CIS and Middle East buyers as well as from Iran blenders who are looking at
Construction and agriculture drag India Inc’s Q2 revenue growth to 5-7%: Crisil report
Sluggish performance in construction, industrial commodities, and investment-linked sectors has led to the moderation in Indian Inc’s revenue growth, CRISIL Market Intelligence and Analytics observed. The revenue growth for the three months of the ended September stood at 5-7 per cent, as per the market intelligence firm. India Inc. experienced
India’s coking coal imports surge to six-year high
India’s coking coal imports for the first six months of the current fiscal (April – September) were at a six-year-high at 29.6 million tonnes (mt) with shipments from Russia witnessing a substantial rise of over 200 per cent during this period. Shipments increased by around 3 per cent on a
Nirmala Sitharaman seeks enhanced support from international financial institutions to achieve SDGs
Union Finance Minister, Nirmala Sitharaman, on Saturday, participated in G7 African Ministerial Roundtable and sought an enhanced support from international financial institutions to achieve Sustainable Development Goals (SDGs), the Finance Ministry said in a post on social media platform X. “FM @nsitharaman especially focused on enhanced support from international financial