Commerce and Industry Minister Piyush Goyal stated that India expects to trade with Australia for USD 50 billion over the next five years. He also stated that the government has discussed promoting sports, upgrading sports facilities in India, and the wine industry, in addition to the traditional sectors, at an event in Mumbai to mark […]
The government on Thursday said that the food processing industry has invested Rs 4,900 crore so far under the production-linked incentive (PLI) scheme. The PLI scheme for the food processing industry was approved in March 2021, with a budget outlay of Rs 10,900 crore. It will be implemented for seven years, until 2026-27. “A total […]
Reliance Retail Ventures, a subsidiary of Reliance Industries Limited (RIL), has signed an agreement to acquire a controlling stake in the BSE-listed Lotus Chocolate. Reliance Retail division – Reliance Consumer Products will acquire a 51 per cent stake in the confectionery maker from the promoter and promoter group entities, and will make an open offer […]
Union Commerce Minister Piyush Goyal stated on Thursday that at least two more free trade agreements will be signed in 2023. Negotiations are scheduled with the United Kingdom, the European Union, and Canada, Goyal said at an event here, adding that his ministry lacks the bandwidth to respond to requests from smaller trading partners such […]
The Central Bureau of Investigation (CBI) has sought to broaden the scope of its ongoing investigation into the ICICI Bank-Videocon Group loan sanctioning case on Wednesday. It has proposed to investigate the roles of “unknown public servants” and other individuals while seeking additional custody of the bank’s former CEO Chanda Kochhar, her husband Deepak and […]
India extended a policy allowing it to import refined palm oil at a lower duty and allowed the import of 51.000 tonnes of cotton duty-free in 2023; the government announced late Thursday. It has been extended “until further orders,” according to the government. India reduced the basic import tax on refined palm oil to 13.75 […]
Honasa Consumer Ltd, the parent company of the personal care brand Mamaearth, has filed its draft red herring prospectus for an initial public offering (IPO)with the Securities and Exchange Board of India (SEBI). The offer will include a new issuance of shares worth Rs 400 crore, as well as an offer-for-sale (OFS) component for 46.82 […]
Blinkit, owned by Zomato, announced on Wednesday that it has partnered with homegrown audio brand boAt to deliver headphones and other accessories to people’s doorsteps in Delhi-NCR, Mumbai, Kolkata, and Bengaluru in minutes. Blinkit co-founder and CEO Albinder Dhindsa said in a statement that boAt is extremely popular, and Blinkit is delighted to have them […]
