Category: Business

Business

Private sector share in investment sees sharp decline in Q1

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“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…

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India’s rapid urbanisation presents an economic opportunity: Hardeep Puri

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Union Minister for Housing and Urban Affairs Hardeep Singh Puri addresses at the National Urban Planning Conclave on Creating Sustainable Cities, at Vigyan Bhawan, in New Delhi on Thursday. | Photo Credit: ANI The Union government on Thursday said that the country’s rapid urbanisation presented an economic opportunity and implementing urban planning reforms were key…

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We are working with U.K. on intellectual property rights, modernisation: Piyush Goyal

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“There is work ongoing with a number of economies, including the U.K., on intellectual property (IP) rights and modernisation in an effort to improve Indian protocols,” Union Minister of Commerce and Industry Piyush Goyal has said. Responding to questions from a gathering of Indian-origin chartered accountants (CAs) from the U.K. Chapter of the Institute of…

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Production rises 5.2%, led by infrastructure and construction goods, even as 12 of 23 manufacturing sectors report contraction

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Infrastructure and construction goods’ output continued to drive up the Index of Industrial Production (IIP), rising 14% in May. | Photo Credit: Emmanual Yogini India’s industrial output picked up some pace in May to grow at a three-month high rate of 5.2% compared to 4.46% in April, with electricity generation growing 0.9% after two months…

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Centre to buy tomatoes from Andhra Pradesh, Karnataka and Maharashtra to sell in northern cities

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Southern and western regions contribute 56% to 58% of tomato production. File | Photo Credit: The Hindu After tomato prices rocketed to ₹200 per kg in some cities, the Centre decided on Wednesday to use its agencies to procure stocks from Andhra Pradesh, Karnataka and Maharashtra and sell them at a discount in the areas…

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Explained | What is the legal row between farmers and PepsiCo?

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Farmers harvesting potatoes of the Atlanta variety in contract farming arrangement with PepsiCo India limited at Abhirampur village in Hooghly District. | Photo Credit: Sushanta Patronobish The story so far: On July 5, the Delhi High Court held that there was “no merit” in the appeal filed by PepsiCo over the patent rights for its…

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Coconut farmers lose sleep as copra price goes from ₹14,500 to ₹7,000 per quintal in 8 months

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Tiptur in Tumakuru district and Arsikere in Hassan district are the prime coconut markets in Karnataka. | Photo Credit: Special Arrangement Coconut growers in Karnataka are losing sleep over the continuous fall in copra prices. The prevailing price in the market, they claim, is insufficient even to meet the input cost. In November 2022, the…

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