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AI adoption gains momentum, returns emerge but infra lags: Industry executivesIndian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. However, legacy infrastructure, s...
Crop prices drop as Hormuz reopening to ease farm-input shockThe development, stemming from an interim US-Iran agreement, could alleviate food inflation fears fueled by the Middle East conflict.
Inflation in driver’s seat likely to stall discretionary spendWhile consumer demand had started improving over the past four months after a prolonged slowdown, rising crude oil prices, supply disruptio...
Heatwave spurs surge in AC, beverage, ice cream output in IndiaSoaring temperatures have triggered a sharp demand rebound for ACs, beverages, and ice cream, with companies boosting output after a 50% sa...
Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....
Why AC maker Blue Star wants both summer and monsoon seasons to be good this yearBlue Star’s growth outlook hinges on strong summer-led urban demand and a favourable monsoon supporting rural markets, which now drive over...
Blue Star braces for a slow summer startThe room air-conditioner industry anticipates a challenging summer. Rising costs from global events and delayed heat are impacting sales. D...
Out with the old, in with the cool new AC: Govt working on scheme to replace units that are over 10 yrs old with freshThe power ministry is devising a plan to encourage consumers to replace old, energy-inefficient air conditioners with new five-star rated m...
India's consumer durables market poised to be world's 4th largest by 2027: CIIIndia's consumer durables market is projected to reach Rs 5 lakh crore by FY30 and become the fourth largest globally by 2027, according to...
Race intensifies for Madura MicrofinSources said that Madura had a few other suitors including a mid-sized MFI.
More suitors join race to acquire Madura MicrofinanceMadura Microfinance was founded by late banker-turned-entrepreneur KM Thiagarajan and is now run by his non-resident Indian, neuro scientis...
Agrahyah’s content platform to speak the local lingoAawaz.com, which is scheduled to be launched in a few weeks, will be a web and app-based platform which will have Hindi content to start wi...
CBI files chargesheet against Paramount Airways, founder M ThiagarajanThe CBI had filed a case on May 6 2016 with the same allegations. Searches were conducted at several locations in Chennai/Madurai, the regi...
AC market to grow at 15 to 20% in 2018The upgradation of energy efficiency parameters from January 2018 has resulted in 4 to 6% increase in the AC prices.
Gold futures fall on hopes of customs duty cutGold for April delivery was trading at Rs 26,290 per 10 gm, up 0.78% from its previous close, at 1 pm on Wednesday.
- Blue Star plans new plant in South, likely to invest Rs 175 crore
India's room air-conditioning market is pegged at Rs 6,500 crore. The industry has witnessed negative growth in the last two years by five ...
- NMDC hopes to bridge production shortfall
NMDC had produced 272.6 lakh tonnes iron ore in 2011-12, recording an eight per cent growth over 2001-11.
- Market for window ACs to decline in next 3 years
On the inverter air-conditioners segment, which the company entered few years back, he said the company has witnessed some growth in its sa...
- Paramount to resume services next month
After being grounded for over three months, the Chennai-based business class airline Paramount will resume operations on its entire 19-stat...
- NMDC mulls tie-up with Kobe Steel for Australian mine
NMDC is also holding discussions with several other companies to jointly bid for the project owned by Perth-based Atlas Iron.