Economy

Automobile retail sales continue to disappoint in December: FADA

Automobile retail sales continue to disappoint in December: FADA

Passenger vehicle sales down 11 per cent year-on-year, two-wheeler sales down 20 per cent last month

Paddy purchases trail last year’s levels

Paddy purchases trail last year’s levels

Punjab, UP see a dip; Telangana, Chhattisgarh witness a rise

‘Bharath Auction’ to begin at Coonoor on Thursday

‘Bharath Auction’ to begin at Coonoor on Thursday

Volume falls by 1.42 lakh kg over previous auction

Six food brands launched under ‘One District One Product’ scheme

Brands include Amrit Phal, Cori Gold, Kashmiri Mantra, Madhu Mantra, Somdana, and Whole Wheat Cookies of Dilli Bakes

Funding is the biggest challenge for India’s RE goals by FY30: ICRA

India aims to have 500 gigawatts of non-fossil power and intends to meet 50% of its energy requirement from RE.

Jet Airways interim CEO Sudhir Gaur steps down

Capt. Priyapal Singh appointed as the interim manager

TN granite industry shifting to Rajasthan

With quarrying licences not being issued, units do not have access to raw material

EV sales double in 2021, cross 3 lakh-mark

The electric two-wheeler segment continues to drive EV volumes in the country

Sugar dues Centre to restructure Sugar Development Fund loans

171 mills owe ₹3,053 crore to financial institutions as of October 31

FICCI to hold two-day agri start-up summit from Jan 6

Aimed at sensitising, motivating and addressing the issues that agri start-ups face

IPO-bound Delhivery makes an investment in Falcon Autotech

Strengthens its ability to drive greater speed, precision, and efficiency across business lines

Cleantech Green hydrogen is the ‘fuel of the future’, says Gadkari

It is known to be the cleanest vehicle fuel as tailpipe emissions drop to zero

Devas saga AAI challenges Canada court’s order

Assets worth $30 million have already been seized, including air navigation and aerodrome charges collected by the IATA

Weather vane Services PMI dropped to 3 month-low in December

The data shows renewed job shedding in the service economy, but the rate of contraction was only slight.

Omicron threat D G Shipping halts cruise ship operations in Indian waters after passengers test positive for Covid

“Temporarily” withdraws the standard operating procedures (SOP) issued in September last year

2022 breakthrough year for budget smartphones in India: Flipkart

Popularity of 5G smartphones to rise

Mane Kancor to promote sustainable sourcing of mint through tie-up with farmers

Ropes in 7,000 farmers in effort to develop a sustainable supply chain for mint

Rain, thundershowers lash Himachal, J&K, Ladakh, Uttarakhand

First of two intense western disturbances close in

Shriram Transport Finance upsizes GMTN programme by $500 million

The GMTN programme is for issuance of bonds/notes in international markets

ICRA hikes road logistics growth forecast to 16% from 9% in FY22

Expects industry volumes to remain stable in FY23, with expectation of steady biz activities and formalisation of the sector

PM Modi inaugurates integrated air terminal at Agartala

Built at a cost of ₹450 crore, the new integrated terminal is capable of handling 4C type aircraft

Textile exports Apparel exports shrug off pandemic blues to grow 35% in first 3 quarters

Exporters have a robust order book from global brands and buyers, says textile body

India looks to expand honey exports to EU, Southeast Asia

India is also renegotiating the duty structure imposed by various countries to boosthoney exports

India on track to surpass China as third largest ethanol consumer by 2026

Ethanol demand in India tripled between 2017 and 2021 with consumption expected at 3 crore litres in the last calendar year, says IEA

India-UK FTA may include chapter on gender equality in trade

Negotiators to ensure that gender issues not used to gain additional access or restrict trade

Aviation sector continues to face challenges as it goes in 2022

ICRA’s Suprio Banerjee on immediate challenges for the aviation industry, outlook and recovery details

Freight margins recover in December

Even as mining, steel and cement freight rates saw a healthy one-month increase in December, and fuel prices stabilised

Steel companies expect market to stay stable in 2022

With economic activity gradually picking up, domestic demand registered a sharp recovery last year

North Eastern Railway: More than 75% routes electrified, 100% by 2022

Expenditure on high-speed diesel reduced considerably, says Railway Ministry

Shiprocket appoints Tanmay Kumar as CFO

He will be leading the finance, legal and secretarial teams

AIRIA President calls upon to explore potential of rubber goods manufacturing in NE

Sawar Dhanania urged members to look at possibilities of improving quality and quantity of natural rubber produced

Weather watch Intense western disturbances rule out cold wave for North India this week

IMD predicts heavy snow, widespread showers, hailstorms

Blue revolution KUFOS to host seminar to reorient aquaculture strategy from Jan 6

As many as 300 scientists, industrialists, farmers and fisheries department officials will participate

Agri entertainment MANAGE calls for entries for Agri Film Festival-2022

The agri film fest is to be held on March 11; last date for submission of entries is Feb 10

Haldia jetty to soon connect Kolkata with Guwahati

More than 40 key players participated in the stakeholders’ conference

Adani Ports handles 234.31 mt cargo in Apr-Dec

Flagship port Mundra handled 113 mt of cargo

Green shoots Business resumption index remains high: Nomura

The Nomura India Business Resumption Index (NIBRI) inched up to 120.3 for the week ending January 2

Airfares IndiGo warns of inflationary impact on airfares

It restricts operations in Bengal, cancels flights on Mumbai and Delhi routes

At $37.29 billion, December exports hit the highest ever in a month

With imports too surging, trade deficit widens