Wholesale inflation falls to 29-month low of 1.34% in March as commodity prices ease

New Delhi (IANS) India's wholesale price index (WPI)-based inflation fell to a 29-month low of 1.34 per cent in March owing to a steep fall in indexes of primary articles, manufactured products, fuel and power as well as food.

Wholesale…

Apple previews its 1st retail store in India, Tim Cook 'excited' to build more

Mumbai (IANS) As it completes 25 years in India, Apple on Monday previewed its first own-branded retail store here that will serve as a dynamic space for customers. Next on the anvil is the second Apple retail store opening in New Delhi this week.

India-US trade rose by 8% in 2022-23, fell 1.5% with China

New Delhi (IANS) Bilateral trade between India and the US rose by almost 8 per cent to $128.55 billion in 2022-23, compared to $119.5 billion in 2021-22.

The growth in bilateral trade between the two countries is significant, considering the…

Apple shipped $7.5 bn worth iPhones, iPads in India in FY23

New Delhi (IANS) Amid the local manufacturing push and an upcoming widespread retail store strategy, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, data accessed by IANS has shown.

In FY23, Apple shipped more than 7…

China's chip imports drop 23% as US, India ramp up semiconductor manufacturing

Beijing (IANS) As the US and India bolster local semiconductor manufacturing, China's chip imports nosedived 23 per cent in the first quarter of 2023, the media reported on Friday.

China imported 108.2 billion integrated circuits (IC) between…

India concerned about global economic outlook, says Nirmala Sitharaman

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman said that despite this year's projected growth rate of over 6 per cent for the Indian economy, it remains concerned about the global economic outlook and geopolitical environment.

Leading Indian startups & unicorns continue to bleed money as party gets over

New Delhi (IANS) The great Indian startup and unicorn party, which saw record funding volumes in 2020, 2021 and the first half of 2022, appears to be over for now as several top names in the ecosystem continue to bleed money, with no respite in sight…

India's trade deficit widens to $19.73 billion in March, exports rose 6% in 2022-23 to $447 billion

New Delhi (IANS) India's merchandise trade deficit in March 2023 stood at $19.73 billion, which was higher than $17.43 billion recorded in the previous month, according to government data released on Thursday.

India's exports rose 6…

4QFY23 to be strong quarter for Indian FMCG companies

New Delhi (IANS) The commentary from companies indicates that inflation continues to weigh on demand and that there has been no meaningful improvement in the underlying consumption trends, BNP Paribas India said in a report.

Our channel checks…

Amadeus opens new engineering facility in India, to expand headcount

New Delhi (IANS) Global travel technology solutions provider Amadeus on Wednesday announced the opening of its new engineering site in Pune to help expand Amadeus Labs' engineering and R&D activities in the country, along with ramping up hiring…