As the e-commerce sector grows in India, the value e-commerce market in the country has the potential to reach $40 billion by 2030, according to a report by global consulting firm Kearney. The report noted that Indian consumers have always been value conscious, and much of the overall demand is for affordable, smaller-ticket items. From […]
Foreign investors can register investment companies in Nepal but under certain strict conditions as per the new rules introduced by the Himalayan nation’s government. Foreigners who want to register an investment company in Nepal can bring foreign investments only in the form of share capital, according to the notice published by the Ministry of Industry, […]
Petrol and diesel prices in the country remained static for the 26th consecutive day on Thursday. Accordingly, in the national capital, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre on Thursday. Across the country as well, fuel prices […]
The Competition Commission of India (CCI) has approved the additional equity stake acquisition in United Breweries by Heineken International B.V. The proposed transaction, however, is subject to the outcome of certain court proceedings, according to a combination notice filed with the anti-trust body. In a tweet on Monday, the CCI said: “Commission approves proposed acquisition […]
Riding on remote work and learning as the pandemic continues in India, the traditional PC market (inclusive of desktops, notebooks and workstations) continued its growth streak with shipments growing 73.1 per cent year-over-year (YoY) to reach 3.1 million units in the first quarter this year, an IDC report showed on Thursday. The Q1 recorded the […]
Even as the country pushes for its expansion of the renewable energy projects, coal is set to remain as the predominant fuel in India’s energy mix in foreseeable future. As per the 19th Electric Power Survey, out of the all India power generation installed capacity of 6,19,066 MW by the end of 2026-27, coal based […]
The US move to ban use of China’s Xinjiang cotton has cranked up India’s yarn exports, ratings agency Crisil said. Besides, the agency expects operating profits of cotton spinners will double next fiscal as revenue spurts 20-25 per cent on higher sales to Asian buyers and appreciation in cotton yarn prices. Consequently, the credit outlook […]
Anti-virus software company McAfee has sold its enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion. Launched 30 years ago, McAfee’s enterprise business today is a trusted partner for 86 per cent of the Fortune 100 firms around the world and reported $1.3 billion in net […]
The key Indian equity indices traded amid volatility on Wednesday morning with the BSE Sensex losing over 200 points. Selling pressure was witnessed in banking and IT stocks. At 10.18 a.m., Sensex was trading at 51,124.54, lower by 204.54 points or 0.40 per cent from its previous close of 51,329.08. It opened at 51,355.89 and […]
The key Indian equity indices reversed initial gains on Friday, ahead of the presentation of the Economic Survey for FY21, to trade in the red. At 11.45 a.m., Sensex was trading at 46,836.03, lower by 38.33 points or 0.08 per cent from its previous close of 46,874.36. Earlier in the day, it had surged over […]