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New Delhi, Apr 2 (PTI) India Inc on Thursday said the government's move to exempt import of critical petrochemical products from customs duty for three months till June 30 is a timely response to supply chain disruptions arising from the West Asia conflict which will provide relief to sectors such as textiles, packaging and pharmaceuticals. Chandrajit Banerjee, Director General, CII, said, "The Government of India's decision to grant full customs duty exemption on 40 critical petrochemical prod ...Read More >
New Delhi, Apr 2 (PTI) Homegrown FMCG firm Marico on Thursday said its revenue in the March quarter of FY26 "grew in the low twenties year-on-year" on a year-on-year basis, led by pricing, its hair oil and international business. During the quarter, the FMCG sector witnessed a "stable demand sentiment", however, the macroeconomic impact of the evolving geopolitical situation in the Middle East is a key "monitorable", Marico said in its quarterly updates. However, Marico remains hopeful of a gr ...Read More >
Sanand (Gujarat) [India], April 1 (ANI): Industrial production in Gujarat's Sanand GIDC has declined following an increase in commercial LPG cylinder prices, with units reporting disruptions due to fuel shortages, an industry representative said. Ajit Shah, President of Sanand GIDC, said, "There has been a decline in production. For instance, if my production output today stands at 100 units, it has now dropped to around 80 units." He attributed the slowdown to supply issues affecting operatio ...Read More >
New Delhi [India], March 31 (ANI): Healthy manufacturing growth pushed up India's industrial output in February, even as rising energy prices and input cost pressures emerged as key concerns for the sector, according to a report by Crisil. The Index of Industrial Production (IIP) grew 5.2 per cent year-on-year in February, slightly higher than 5.1 per cent in January, led by improved manufacturing performance. "The Index of Industrial Production (IIP) edged up to 5.2% on-year in February from ...Read More >
New Delhi [India], December 15 (ANI): The recent depreciation of the Indian rupee has reignited debate on whether a weaker currency genuinely enhances India's export competitiveness. A new report by Systematix Research says that currency depreciation delivers uneven outcomes across sectors and, in many cases, worsens the trade balance rather than improving it According to the report, sectors such as electronics, chemicals, machinery and petroleum products do see an apparent export benefit from ...Read More >
A significant consumer shift towards premium brands is underway, with the luxury segment's market share projected to hit 70% by FY25, up from 48% in FY20. India's luxury watch market is poised for strong expansion, with annual growth estimated at 11-12 per cent, supported by the country's rising affluent base and growing wealth among high-net-worth individuals (HNIs), according to a recent report by SOIC Research. The report noted that India will be among the fastest-growing markets globally fo ...Read More >
India's commercial real estate market experienced a significant upswing in Q3 CY25, with office leasing surpassing supply for the sixth consecutive quarter. Net leasing rose 31% year-on-year to 15.9 million sq. ft, while completions increased 44% YoY. Vacancy rates dipped to 14.2%, and rents saw an increase across major cities. India's commercial real estate market saw a major upswing in Q3 CY25, with office leasing continuing to exceed supply for the sixth straight quarter, a report said on Fr ...Read More >
New Delhi: A '1-rupee' storm is brewing in India's telecom sector. State-owned Bharat Sanchar Nigam Ltd's (BSNL) new 4G recharge plan for ₹1, seen as an attempt to draw new users to its long-awaited 4G network, has drawn fire from private telecom operators, who allege it violates regulatory rules, three people in the know said. The dispute revives memories of Reliance Jio's 2016 entry, when free offers upended the market and triggered years of tariff wars. Now, as Jio and Bharti Airtel dominate ...Read More >
Canada's Competition Bureau has filed a landmark lawsuit against Google, alleging the tech giant systematically manipulated the online advertising market to maintain its dominant position, potentially forcing the company to divest two of its key advertising technology tools. The move comes just days after US President-elect Donald Trump announced that he plans on imposing tariffs on Canada, in addition to China and Mexico. The antitrust watchdog accused Google of abusing its market power throu ...Read More >
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