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India’s Exports Declines 6% In May 2023

India’s overall exports, both merchandise and services combined, in May 2023 are estimated to be USD 60.29 billion, registering a decline of about 6 per cent from May 2022, official data revealed on Thursday. Overall imports in May 2023 are estimated to be USD 70.64 Billion, down 7.45 per cent from May 2022. India’s overall […]

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News Retail Sector

India’s Retail Inflation Eases To 4.25% In May, Lowest In 2 Years

Retail inflation in India further eased sharply in May to 4.25 per cent, hitting a two-year low. It was at 4.7 per cent in April and 5.7 per cent the previous month. The inflation index for rural and urban was 4.17 per cent and 4.27 per cent, respectively. The sub-index for oils and fats, fruits […]

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Companies International News People

Westpac To Cut 300 Jobs In Business And Retail Unit

Australian lender Westpac Banking Corp (WBC.AX) is set to cut approximately 300 jobs in its consumer and business banking divisions, the news agency Reuters reported. According to the report, the Finance Sector Union of Australia (FSU) cited an internal memo from Westpac as the source of the information. These potential job losses, which represent 0.8 […]

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Government Logistics News

Indian Railways Freight Loading Improves By 2% In May 2023

The Railways achieved a freight loading of 134 million tonnes (MT) in May 2023, showing an improvement of 2 per cent over last year’s freight loading of 131 MT for the same period, stated the Ministry of Railways. “Freight revenue of Rs. 14641.83 crores have been achieved in May 2023 against Rs 14083.86 crore freight […]

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Brands Companies News

Hyundai Motor Sales Increase By 7.8% In May 2023

Hyundai Motor Company sold a total of 3,49,194 units globally in May 2023, a 7.8 per cent increase on a yearly basis, the automaker said on Friday. In May, sales outside Korea increased by 7.7 per cent to 2,80,514 units. The gradual recovery from the global shortage of parts and production stabilization has helped the […]

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