Consumer E-commerce & Marketplaces News

78% of Consumers To Increase Spending This Festive Season: Study

Consumers across India are bullish, excited and more eager than ever to shop online during this festive season, as per a study conducted by Nielsen Media India, on behalf of Amazon India. 81 per cent indicated strong sentiment and intent; 78 per cent trust online shopping and 1 in 2 intend to increase online spending, […]

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Food Government National News

Govt Sells Wheat And Rice Through OMSS To Bring Down Prices

The central government has sold 1.66 lakh metric tonne (LMT) wheat and 0.17 LMT rice through the Open Market Sale Scheme (D) in an e-auction held on 06 September 2023. The Ministry of Consumer Affairs, Food and Public Distribution in a statement said that a quantity of 2.0 LMT wheat from 500 depots and 4.89 […]

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Food News

Price Increase of Tomatoes Create Windfall For Farmers

Some Indian farmers are becoming wealthy thanks to an eight-fold increase in tomato prices, but their windfall gains might not last long given that supplies are projected to increase in the coming weeks. According to data gathered by the food ministry, tomato retail prices were Rs 178 ($2.20) per kilogramme in Delhi on Sunday, up […]

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Food Government National News

Govt Increases Onion Buffer Stock To 5 lakh MT To Control Prices

In a remarkable decision, the Indian Government has increased the onion buffer stock to five lakh metric tonnes this year, surpassing the initial procurement goal of three lakh metric tonnes. To achieve this supplementary target, the Department of Consumer Affairs has instructed the NCCF and Nafed to acquire one lakh tonnes each, while also efficiently […]

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Export National News

Weaker Rupee Will Improve India’s Export Competitiveness, Says BoB Report

Amid the ongoing concerns of global economic slowdown and a possible recession in the United States (US), the Bank of Baroda in a report on Saturday has said that a weaker rupee will improve India’s export competitiveness. According to government data, India’s exports reportedly contracted by 15.88 per cent to USD 32.25 billion in July […]

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Food International News

Israel To Deepen Food Reform, Remove Import Barriers

Israel’s Ministry of Health published Sunday the principles of the outline for deepening the food reforms in the country with an emphasis on removing import barriers. The ministry said that in recent years many steps have been promoted in the field, including the opening of parallel imports of regular foods, the adoption of EU regulations […]

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Companies Government National News States

Govt Launches Mega Plantation Drive To Increase Oil Palm Production

The state governments along with oil palm processing companies have initiated a mega plantation drive to further increase the area under oil palm cultivation in the country. Three major oil palm processing companies- Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F are actively promoting and participating with the farmers in their respective states for record […]

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Companies consumer News Retail

Maruti Suzuki Recalls 87,599 Vehicles Over Steering Defect

Automaker Maruti Suzuki, has recalled 87,599 vehicles over a suspected defect in parts of steering tie rods, an official release of the company said. In a release, the automaker on Monday announced to recall 87,599 vehicles (S-Presso and Eeco) manufactured between July 5, 2021, and February 15, 2023. “It is suspected that there is a […]

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News Retail

Edible Oil Industry Urged To Further Reduce Retail Prices

The Solvent Extractors’ Association of India, the apex industry body for edible oils, once again urged its members to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers. The food ministry and the leading edible oil industry representatives in India had a meeting in June to discuss a […]

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Food National News

Tomatoes Burns Hole In Common People’s Pockets As Prices Skyrocket

Tomatoes are now red-hot and burning a hole in the common people’s pockets as the prices have skyrocketed and are being sold at over Rs 100 per kg in several key cities. Many attribute the sharp rise in the vegetable to heatwaves in key tomato-growing areas and heavy rains, as well, as disruption in supply […]

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