Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. Photograph: Hemanshi Kamani/Reuters IKEA’s sourcing basket includes textiles, plastics, and metals, among others, and
Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex
Data since 2005 show that the five years with the highest rainfall saw average market returns of 8.98 per cent, while the five driest years returned 25.7 per cent on average. Illustration: Dominic Xavier/Rediff A shortfall in monsoon rains
The country’s largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e-Vitara due to the shortage of rare earth magnets, industry sources said. Photograph: Anushree Fadnavis/Reuters The auto major is looking to produce around 8,000 units of
Dismissing allegations that Indian pharmaceutical companies copy products of Swiss firms, Commerce and Industry Minister Piyush Goyal on Tuesday said it is a long-standing myth and India respects intellectual property rights and never steals technology from others. Image used for
The company had announced similar pricing for Sri Lanka, where its application was in advanced stages of regulatory clearance. IMAGE: Kindly note that this image has been posted for representational purposes only. Photograph: King courtesy, Pixabay Despite India’s large market
With the regulatory approval from the US Department of Energy in its kitty, Indian multinational conglomerate L&T is planning to focus on manufacturing small modular reactors (SMRs) to play a leading role in the commercialisation of nuclear energy in India.
Launching a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Monday said the trust or its permanent trustee Prashant Kishor Mehta has no outstanding dues to the private bank. Photograph:
Bajaj Auto — the country’s most valuable two-wheeler (2W) company by market capitalisation — met Street expectations in the January–March quarter (Q4) of 2024–25 (FY25) but still ended Friday as the worst performer on the Nifty 50, slipping 3.1 per
Benchmark equity indices Sensex and Nifty closed higher for the fourth day in a row on Monday following a rally in global markets and upbeat investors’ sentiment after the RBI’s jumbo 50 basis points rate cut. Photograph: Shailesh Andrade/Reuters The
