Industry - general

ITC consumer goods revenues up 14% in FY23

14 Dec 2023

Home-grown consumer goods major ITC Ltd reported a 14 per cent increase in revenues from its packaged consumer goods business in the financial year 2022-23, with income from the cigarettes business also growing.

Omidyar Network announces its exit from the Indian market after a decade of operations

12 Dec 2023

In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.

Apple looks to India, Japan and South Korea for iPhone, iPad components

08 Dec 2023

Apple is reportedly seeking suppliers from India, Japan, and South Korea who can deliver vital components to its contract manufacturers in India as imports from China face government restrictions in India.

Welcome, Google Gemini! A potent competitor to ChatGPT-4

07 Dec 2023

Google has introduced its cutting-edge AI model, Gemini, marking a formidable entry into the competitive landscape of artificial intelligence.

Nvidia collaborates with the U.S. government to ensure compliance in the Chinese market

06 Dec 2023

In a recent announcement, Nvidia’s CEO, Jensen Huang, revealed the company’s close collaboration with the U.S. government to ensure that its new chips for the Chinese market adhere to export restrictions.

eBay launches a 'seller guide' to boost Indian exporters in international e-commerce

06 Dec 2023

In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’

Walmart reduces import dependence on China and shifts focus to India

30 Nov 2023

Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.

The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit

28 Nov 2023

The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,

Strike breaks out as Gucci workers in Rome protest against relocation of creative office

28 Nov 2023

Gucci fashion house in Rome, Italy, saw an unprecedented strike by their employees on Monday, 27 November 2023. This strike was a result of the fashion giant’s decision to move its design house from Rome to Milan, Italy.

Western drugmakers pivot to India as tensions with China prompt supply chain shifts

27 Nov 2023

In a strategic move to reduce dependence on Chinese contractors in drug production, global pharmaceutical companies are turning to Indian manufacturers.

Western drugmakers pivot to India as tensions with China prompt supply chain shifts

27 Nov 2023

In a strategic move to reduce dependence on Chinese contractors in drug production, global pharmaceutical companies are turning to Indian manufacturers.

Hero Electric aims to resolve Rs 140 crore penalty imposed by MHI

24 Nov 2023

Hero Electric has urged the government to resolve the ongoing dispute concerning the Rs 140 crore penalty imposed by the Ministry of Heavy Industries (MHI).

Glencore announces plans for construction of a battery recycling plant outside Italy

24 Nov 2023

In a strategic move, Glencore, the Swiss mining group, revealed its decision to construct a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy.

Glencore announces plans for construction of a battery recycling plant outside Italy

24 Nov 2023

In a strategic move, Glencore, the Swiss mining group, revealed its decision to construct a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy.

Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion

23 Nov 2023

In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)

Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion

23 Nov 2023

In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)

Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion

23 Nov 2023

In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)

OneWeb India gets IN-SPACe nod to launch satellite broadband service

23 Nov 2023

The authorisation allows Bharti Airtel, a promoter of Eutelsat OneWeb, to launch satellite-based broadband services once it is allotted the required spectrum by the Department of Telecommunications

Google Gemini: Learn about the new innovation by Google

21 Nov 2023

Google's Gemini, celebrated by CEO Sundar Pichai as a groundbreaking innovation, has been creating ripples since its announcement.

Indian investigators seek to revive the Adani probe and request Supreme Court assistance

17 Nov 2023

Indian investigators are making renewed efforts to reopen a probe into the Adani Group over allegations of coal import overvaluation.

Government plans overhaul of SEZ Act, proposes reduction in tax incentives, and increased integration

09 Nov 2023

The government seems poised to refrain from introducing fresh direct tax incentives for businesses in special economic zones (SEZs).

Piyush Goyal is scheduled for a meeting with Tesla CEO Musk to discuss potential market entry

09 Nov 2023

In a significant development, Indian Commerce Minister Piyush Goyal is scheduled to meet with Tesla CEO Elon Musk in the United States next week.

Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027

08 Nov 2023

Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.

The National Industry Quarterly report states 8.6% volume growth in the FMCG sector

08 Nov 2023

India's fast-moving consumer goods (FMCG) industry has experienced a significant uptick in growth during the July–September quarter of fiscal year 2024 (Q2 FY24).

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

07 Nov 2023

Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.