India Records A 14% Surge In Exports To Reach $770 Billion
India’s increasing role in a globalised world and vast growth in the service sector is reflected in its surge in exports and imports. The exports for the financial year 2022-23 turned out to be USD 770 billion, while the imports recorded a new high of USD 892 billion. These figures come when the movement of…
Sumit
An Additional USD 100 Million From General Atlantic For PhonePe
Decacorn fintech PhonePe is conducting ongoing fundraising of USD 1 billion, which has raised USD 750 million by far. The latest investment in this series comes from General Atlantic, who just contributed USD 100 million to the fundraising. Walmart Group is now very close to completing its set goal. Notably, General Atlantic invested USD 350…
Vishal Prajapati
General Motors To Invest In Lithium-Tech Startup EnergyX
On Tuesday, General Motors Co, a multinational automobile manufacturing company, announced its investment in lithium technology startup EnergyX. The automaker plans to invest $50 million to help EnergyX expand its business across South and North America. According to Reuters, the reason behind this move of General Motors is its plan to move into the mining…
India Records 1 Million EV Units Sales In FY 2023
The data released by the Society of Manufacturers of Electric Vehicles (SMEV) showed record-high sales for electric vehicles in India for the financial year 2023. The data showed that the EV industry had witnessed sales of 11,52,021 units, and this number increased by 58% compared to 7,26,861 units sold in the previous year. Out of…
abhinav singh
India-France Business Summit To Be Held In Paris On Tuesday
The India-France business summit will be held in Paris on Tuesday to mark the 25 years of friendship between India and France. Piyush Goyal, Union Minister of Industry and Commerce, and Olivier Becht, France’s Minister delegate of foreign trade, will co-chair this summit. The officials said the focus of this summit would be the strategies…
John David
Former Amul Chief RS Sodhi Roped In By Reliance Retail To Drive Grocery Biz
Reliance Retail Ventures, the retail arm of Reliance Industries Limited (RIL), roped in former Amul chief RS Sodhi to lead the grocery business. Sodhi served as the former MD of the Gujarat Cooperative Milk Marketing Federation(GCMMF) and known for the Amul brand all over India. Reliance Retail, India’s leading retail provider, decided to expand its…
Weak Bank & Industrial Shares Lead To Wall Streets Stocks Decline
As the global market continues to slow down, attributed to prevalent market factors like recession and troublesome attrition rates, the sudden decline in the US stocks came as another indication in that line of events. The business world stays anxious about economic growth, which is reflected in a bearish approach in the New York Share…
Oil Prices Jumped After Surprise Move To Cut Production
Oil prices increased on Monday when several world’s largest exporters announced a surprise cut in production. Now Brent crude oil is trading at $85 a barrel after jumping straight 6%. Some economists anticipated that the higher price would make it harder to cut the cost. But the RAC motoring group stated that the rise in…
Mustufa Arsiwalla Appointed as CMO of Britannia Bel Foods.
Mustufa Arsiwalla, Marketing Group Manager; Bel Groupe has now been appointed as Chief Marketing Officer of Britannia Bel Foods Private Limited, a Joint venture between Britannia Industries and Bel SA, a French dairy snacking player to develop, manufacture and sell cheese products in India and certain other countries. Mustufa has been a seasoned consumer marketer…
Public Sector Banks Prepare Reports On Financial Risks
The government directed the state-owned banks to increase vigilance to the predominant financial stress in the west. Finance Minister Nirmala Sitharaman advised the banks to identify the stress points and adverse exposures. The public sector banks are to prepare an explanatory plan on various risks in the market. Moreover, it will extend multiple communication strategies…