Articles for tag: Arm, GBP, Global, Group, Labeling, Marking, Milestone, Million, Private, Sells, Shankars, Siddharth, Strategic, Tails, Trade, Trading

Market News

Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.

Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.

Tails Trading Group, a UK-based supplier of consumer packaged goods led by Indian entrepreneur Siddharth Shankar, has sold its private labelling division for GBP 395 million to an international investor consortium. The labelling division supplies various products, including food, beverages, and household items, to major retailers and airlines across North America and Europe. Shankar views ...

Market News

Tata Electronics expands India’s semiconductor manufacturing with new fabs, aiming for a pivotal role in the global chip market.

Tata Electronics expands India’s semiconductor manufacturing with new fabs, aiming for a pivotal role in the global chip market.

Tata Electronics is expanding its semiconductor manufacturing capabilities in India by building two new fabrication plants in Dholera, Gujarat. This move aims to strengthen the domestic chip ecosystem and meet the increasing global demand for semiconductors. The first fab is under construction and set to start production in 2026, focusing on essential chips for various ...

Market News

Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.

Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.

India is investing significantly in its semiconductor industry, with plans to allocate up to $21 billion to boost production. However, a clear strategy is needed to ensure effective use of these funds. The government aims for self-reliance, but achieving true semiconductor independence is unrealistic, even for powerhouses like the U.S. Instead of focusing solely on ...

Market News

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...

Market News

RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.

RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.

Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...

Market News

Mumbai’s Jio World Plaza unveils India’s first Armani Cafe, blending luxury dining with Italian elegance amidst a bustling global brand scene.

Mumbai’s Jio World Plaza unveils India’s first Armani Cafe, blending luxury dining with Italian elegance amidst a bustling global brand scene.

Reliance Retail has launched India’s first Armani/Caffè at Jio World Plaza in Mumbai, marking the world’s fifth location of this high-end café brand by Italian designer Giorgio Armani. The café, located next to the Giorgio Armani boutique in the upscale Bandra Kurla Complex, offers a chic atmosphere with muted blues and elegant palm designs. With ...

Market News

RBI Governor Shaktikanta Das predicts India’s growth potential at 7.5% amidst balanced inflation and economic risks, addressing global finance in Singapore.

RBI Governor Shaktikanta Das predicts India’s growth potential at 7.5% amidst balanced inflation and economic risks, addressing global finance in Singapore.

Reserve Bank of India Governor Shaktikanta Das, speaking at the Future of Finance Forum in Singapore, projected India’s growth potential at over 7.5 percent for the ongoing financial year, surpassing the RBI’s own estimate of 7.2 percent. He acknowledged a slower growth rate of 6.7 percent in the April-June quarter due to reduced government spending ...

Market News

Airtel partners with Sparkle to enhance global connectivity, acquiring capacity in a submarine cable system linking India and Italy.

Airtel partners with Sparkle to enhance global connectivity, acquiring capacity in a submarine cable system linking India and Italy.

Bharti Airtel has announced a new international partnership to enhance its global network by acquiring extra capacity on the upcoming Blue-Raman Submarine Cable System, which will link India to Italy. The agreement is with Sparkle, a leading Italian telecom provider, and aims to improve low-latency connectivity between Asia and Europe. This partnership will help Airtel ...

Market News

Modi Promises Semiconductor Boom: Is India Really Ready to Chip Away at Global Competition?

On September 11, 2024, semiconductor stocks experienced a significant rise following Prime Minister Narendra Modi’s speech at the Semicon India 2024 event. He emphasized India’s commitment to boosting its semiconductor infrastructure and highlighted the country’s potential to become a global leader in chip manufacturing. Modi stated that India holds 20 percent of the world’s talent ...

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