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Home  Business

Business

Ikea enters 2nd phase of growth in India, to expand retail operations, local sourcing

Ikea enters 2nd phase of growth in India, to expand retail operations, local sourcing

  • Mcap of seven of top 10 firms declines Rs 62,279 cr; Reliance biggest laggard

    The combined market valuation of seven of the top 10 valued firms eroded by Rs 62,279.74 crore last week, with Reliance Industries taking the biggest hit
  • Indian Railways achieve freight loading of 634.66 MT between April 1 and August 31

    In the same period, Cement loading is 63.29 MT over 59.44 MT achieved in the corresponding period of last year, which shows growth of 6.48 per cent
  • Uday Kotak steps down as MD and CEO of Kotak Mahindra Bank

    Kotak, whose holding in the bank stands at 26 per cent, has become a non-executive director of the bank
  • Commerce ministry recommends anti-dumping duty on imports of Chinese glass for 5 years

    The commerce ministry has recommended anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players
  • Walmart acquires Flipkart shares for $3.5 billion from Binny Bansal, Tiger Global, and others

    Furthermore, in the six-month period ending on July 31, the company secured $0.7 billion in fresh equity funding for its majority-owned subsidiary, PhonePe.
  • FPIs sold stocks for Rs 20,620 crore in August

    In August, FPIs sold stocks for Rs 20,620 crores in the cash market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
  • ED arrests Jet Airways founder Naresh Goyal in bank fraud case

    Goyal, 74, is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek for his custodial remand
  • Govt cuts windfall tax on domestic crude, hikes levy on export of diesel, ATF

    The government on Friday cut special additional excise duty on crude petroleum to Rs 6,700 per tonne with effect from September 2
  • Rupee recovers 8 paise to settle at 82.62 against US dollar on forex inflows

    On the domestic equity market front, the BSE Sensex closed 555.75 points or 0.86 per cent higher at 65,387.16 points while the broader Nifty jumped by 181.50 points or 0.94 per cent to end at 19,435.30 points.
  • Inflation to start moderating from Sept onwards, says RBI Governor

    Reserve Bank Governor Shaktikanta Das on Friday said the central bank expects inflation to moderate from September onwards
  • Commerce ministry to organise workshops on promoting exports through e-commerce

    The Foreign Trade Policy 2023 has mandated to handhold and conduct outreach programmes to promote e-commerce exports
  • RBI Central Board reviews global, domestic economic situation

    The Central Board of Directors of the Reserve Bank of India on Friday reviewed the global and domestic economic situation and associated challenges.
  • BSNL, MTNL sign pact for synergy of operations

    BSNL and MTNL have signed a memorandum of understanding that will pave the way for synergy of operations between them
  • Telangana to Host India’s First Gorilla Glass Manufacturing Facility by Corning Inc.

    The proposed manufacturing facility will manufacture cover glass for market leaders in the smartphone industry.
  • GST collections for August at Rs 1,59,069 crore, 3.6 per cent lower than July

    The gross GST revenue collected in August stood at Rs 1,59,069 crore, which was 3.6 per cent less than Rs 1,65,105 crore collected in July
  • Coal India output grows 13 pc to 52.3 MT in Aug; supply up 15 pc at 59 MT

    Coal inventory at CIL's pitheads stood at a comfortable 45.3 MT as of 31 August, higher by 46 per cent compared to 31 MT on the same date last year. 
  • Royal Enfield sales rise 11 pc to 77,583 units in August

    Mid-sized motorcycle maker Royal Enfield on Friday reported an 11 per cent rise in total sales at 77,583 units in August 2023.
  • Amazon ‘excited’ about India; sees huge headroom for e-comm market growth

    E-commerce giant Amazon is "excited" about India market, charged by digitisation, economic growth and younger demographics.
  • Hyundai sales up 15 pc in August at 71,435 units

    Domestic sales rose 9 per cent to 53,830 units last month, from 49, 510 units in the year-ago period, the South Korean automaker said in a statement.
  • Commercial LPG prices reduced by Rs 158

    "New Rates in Effect: Delhi's 19kg Commercial LPG Cylinder Priced at Rs 1,522"
  • Monthly UPI-based transactions exceed 10 billion for 1st time

    The National Payments Corporation of India (NPCI) confirmed on Thursday that the monthly transaction count on UPI has surpassed 10.24 billion, accompanied by a net transaction value of Rs 15.18 trillion.
  • Rupee falls 7 paise to settle at 82.70 against US dollar

    According to Jateen Trivedi, VP Research Analyst at LKP Securities, the capital market experienced profit booking, particularly in the financial sector, which had an impact on the rupee's performance.
  • Cut and polished diamond export likely to decline 15 pc this fiscal: Report

    After a robust growth in the past two fiscals, exports of cut and polished diamonds saw a 32 per cent decline in the April-July period.
  • All-India House Price Index up by 5.1 per cent: RBI data

    The RBI releases quarterly House Price Index based on transaction-level data received from the registration authorities in ten major cities
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