By Krishna Barot Despite a turbulent year for major Indian spice manufacturers, projections for the country’s spice exports indicate significant growth for the sector in the coming years. According to Ramkumar Menon, Chairman of the World Spice Organisation (WSO), Indian spice exports are set to achieve an export target of USD 4.7 billion for FY
India’s public procurement portal Government e-Marketplace (GeM) has facilitated sales of around Rs 3 trillion so far in the current financial year, which suggests that it will surpass last year’s performance by a wide margin. In 2023-24 the portal handled procurement of Rs 4 trillion by the government departments in both centre and states, and
Despite its shareholders like Sweden’s EQT and Singapore’s Temasek starting the process of exiting the company, renewable energy firm, O2 Power, is looking to scale up from 1.1-1.5 Gw to 2.5-3 GW a year. Founder and CEO Parag Sharma in an interview with Raghavendra Kamath discusses future plans and how raising funds will not be
Freight volume on the dedicated freight corridors has zoomed in the current financial year and are at double the level of last fiscal. This is helping the corridors, the eastern and western segments of which became operational last year, to raise its share in the overall freight volume handled by the country’s rail network. According
A historic milestone in regional energy cooperation was achieved on Nov 15, 2024 with the inauguration of the first trilateral power transaction from Nepal to Bangladesh through the Indian grid. This momentous occasion, celebrated with a virtual event, marks a significant step towards fostering sub-regional connectivity in the power sector, enhancing energy cooperation between the
Why the heck not? DLF chairman emeritus KP Singh seems to have lived by this maxim, using it as an apt title for his new book as well. Sitting dapper at the book’s launch on Thursday, the real estate baron is ready for an evening king-size, complete with a police band. His life and work
Logistics enabler for e-commerce Shiprocket and air cargo handling company Cargo Service Centre (CSC) have been selected by the government to run pilots on the setting up E-commerce Export Hubs (ECEH) in the country, a senior official said Thursday. The hubs will be set up in and around Delhi airport and will be rolled out
Agro Tech Foods, backed by Samara Capital, will acquire Del Monte Foods, a joint venture of Bharti Enterprises and Del Monte Pacific, in a share swap deal valued at over Rs 1,300 crore. The transaction will see Agro Tech issue 13.3 million shares at Rs 975.5 apiece to the current shareholders – Bharti (59.29%) and
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
