Page 6 - Indian Market

We have developed an 80% biodegradable tyre: JK Tyre CMD Singhania

Average selling price of tyres will 'slightly move up', he says in interview about where industry is headed

India's foreign reserves jump to a five-month high of $607 billion

The total reserves rose due to the increase in foreign currency assets, which rose by $3 billion in the week

India's light vehicle market fastest growing among top 10 markets: S&P

Auto sales in India reached a record high of 3.8 million units in the FY23, surpassing the pre-Covid peak of 3.3 million units seen in FY19

Growth gains, dividend yield along with stable taxation to boost ITC stock

Non-cigarette segments have delivered annual revenue growth of 14% and net profit growth of 20% over FY18-23

Omidyar Network decides to exit Indian market after a decade of operations

'Omidyar Network India will stop making new investments and will completely transition out of the market by the end of 2024,' said the company in a blog post

Consumer durables see single-digit growth as penetration remains low

CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost

India moves to elite club of nations as mcap tops $4 trn for first time

Stocks outside the top 100 universe have made a significant contribution to the mcap growth this year

'Indian real estate most preferred in Asia-Pacific for global investors'

Colliers data also shows institutional investment in real estate soared 27 per cent year-on-year in the first nine months of 2023

Smaller Indian companies propel mcap towards $4 trillion milestone

India's strong earnings, macroeconomic stability, and domestic flows make it a standout market, say analysts

Sowing of rabi crops in Rajasthan falls short of target this year

The biggest reduction is in wheat sowing. So far, traders said only a little more than 36 per cent of the wheat area had been planted

Why Karwa Chauth is the new marketing tentpole

In our evolving cultural landscapes, Karwa Chauth presents a unique opportunity for marketers to unlock the potential of traditional festivals

India among top 10 markets for us, not in top 5 yet, says Sennheiser

"Given the strategic targets of India's growth, gross domestic product, and other numbers, I think this is a very safe bet to be investing in India now on the ground with our company"

Buoyed by tariff removal, US walnut industry aims to crack India's market

India's decision to remove retaliatory customs tariffs on some US products, including walnuts, has cheered up the California walnut industry, which is hopeful that the move will help it increase its exports to India and further firm up trade ties between the two strategic allies. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped the retaliatory customs duties on about half a dozen US goods which were imposed in 2019 after America hiked its tariffs on certain steel and aluminium products coming from India. Welcoming India's decision, Pamela Graviet, Senior Director, Global Programmes, California Walnut Commission and Board, said it is a "positive step" that will improve bilateral trade relations. "Recently, the Indian government and the United States have been in discussions about mutually beneficial things, not just agriculture, but also across a wide variety of subjects. And, it was determined to remove a 20 per

India may become Zoho's 2nd-largest mkt in 2-3 years: Sridhar Vembu

Most of our products are now integrated with ChatGPT. We are rolling out integrations every week, he says

India Inc raises 4.6 times more capital via QIP in H1FY24, shows data

Equity issuance in the first half reached Rs 73,747 crore, marking a 69 per cent increase year-on-year

'India emerging market for cocoa, should become ICCO member': Official

India, an emerging market for consumption of cocoa, should become a member of the International Cocoa Organization (ICCO) in a bid to take part in the policy dialogue, ICCO Executive Director Michel Arrion said. Currently, India annually produces only 27,000 tonnes of cocoa, used largely in the manufacturing of chocolates, and imports about 1 lakh tonnes worth of cocoa-based products like butter. Speaking to PTI, the ICCO Executive Director said, "Production of cocoa in India is very low. But any country producing one tonne of cocoa is eligible to become our member." India imports a lot and is one of the emerging markets for consumption of cocoa in Asia. It should become a member of the ICCO, he said, adding both producing and consuming countries are eligible to be members of the ICCO. ICCO, an inter-governmental organisation of consumers and producers of cocoa, is based in Abidjan, the economic capital of Cote d'lvoire, West Africa. Listing out the advantages of becoming a member

Apple absorbs higher costs on 'Made in India' iPhones despite PLI scheme

To push their products in the Indian market, Apple Inc has not passed on to customers the cost of the hefty dealer margins offered to iPhone resellers and distributors

JPMorgan M&A head Aiyengar sees up to $150 billion funds focused on India

The New York-based banker pointed to India's fast-rising GDP among the attributes that make it so attractive

As indebtedness rises, microfinance industry has amber lights switched on

MFIs are now the largest providers of micro-credit with loans outstanding of Rs 1,42,245 cr at end-May 2023

India-Canada tensions: India keeps its finger on the masoor pulse

This share got further tilted towards Australia in the first three months of 2023-24 financial year