Textiles and apparels were down by 3.21 per cent and of this textile exports slid 4.15 per cent. For the seven-month period, textile exports were down 8.84 per cent. Though apparel exports were down in October, during the seven-month period it was marginally up over last year.

Textile exports continue slide

Production of textiles and clothing in September also was down by 2.6 per cent and almost flat for the 6-month period.

18 Nov 2019 2:04 AM

The share of gold provided by local refineries has fallen by one-third in the first nine months of 2019. The gold in the bullion market was available at a discount for some months, making refining unviable.

Gold supply by domestic refineries dips by a third

The gold in the bullion market was available at a discount for some months, making refining unviable.

15 Nov 2019 2:31 AM

London property was available at an effective discount of about 20 per cent, taking into account the currency and price movements in prime central London between the EU referendum and October 2019.

Brexit effect: Indian ultra-rich rush for London property

London property was available at an effective discount of 20 per cent between the EU referendum and October 2019.

15 Nov 2019 2:28 AM

E-commerce has been one sector which has been recording phenomenal value growth during festive season year-after-year.

Logistics demand for auto halves in festive season

In September quarter, logistics volumes recorded around 5 per cent drop due to the sluggishness in the economy.

14 Nov 2019 8:24 AM

UberEats has not been able to expand itself to the size of Swiggy and Zomato.

Uber India gets more than Rs 1,700 crore from parent

Zomato and Swiggy have recently raised funding to compete in the high cash-burn business of food delivery.

13 Nov 2019 3:28 AM

The investments till October are already 16 per cent higher than that in 2018 and EY expects that in two more months, the yearly investment will touch $50 billion.

Private Equity on track to invest $50 billion by 2019 end

In October 2019, open market exits were highest at $878 million across eight deals, accounting for 91 per cent of total exits by value.

12 Nov 2019 6:53 AM

In order to curb round-tripping, which is rampant with gems and jewellery exports, the trade body has made recommendation to the government to increase value addition rates for different categories.

‘Hike value addition rate to curb round-tripping’

In 2017, the government had banned export of 24-carat medallions and coins as well as other gold jewellery to curb round-tripping.

11 Nov 2019 2:40 AM

The Dun & Bradstreet Composite Business Optimism Index in Q4 2019 fell by 19.5 per cent compared to Q3 2019 and 29.1 per cent against Q4 2018. All the six optimism indices registered a decrease compared to Q3 2019.

Optimism index down 19

Among the 6 key indices, optimism for new orders and selling price was the lowest in over 18 years.

09 Nov 2019 4:03 AM

Commerce Minister Piyush Goyal had recently met the e-commerce companies and had asked them to engage with small traders and make them part of their growth story.

Cait ups ante, rejects govt proposal

Small traders’ body has rejected government’s proposal to bring about a truce between them and e-commerce companies.

09 Nov 2019 3:48 AM

In FY19, Kochi SEZ exported Rs 40,888 crore worth gems and jewellery, which was 95 per cent of the total exports from the zone.

Sudden spurt in G&J exports from Kochi SEZ

According to SEZ officials, gold jewellery, medallions and coins are largely exported from the SEZ under the gems and jewellery category.

09 Nov 2019 3:46 AM

Karnataka High Court stays insolvency move against Flipkart

The NCLT accepted the petition filed by Mumbai-based CloudWalker Streaming Technologies, an LED TV supplier to Flipkart.

07 Nov 2019 4:45 AM

The report finds that the low participation rate is attributed to various cultural factors, as well as challenges faced by women in the workplace, such as healthcare access, gender bias, and lack of flexible working opportunities.

Indian women make a mark in artificial intelligence skills

The country’s gender inequality is difficult to tackle, as women in India have a low 27 per cent rate of workforce participation.

07 Nov 2019 4:40 AM

Even in September quarter, the deal value had dropped by half against the year-ago quarter. (Photo: Pixabay)

M&A deals to shrink further in 2020

Deal value will further shrink in 2020 as global deal space will continue to slowdown.

06 Nov 2019 1:30 AM

In Q3, the demand was down by 32 per cent at 123.9 tonnes and with this the total demand for the three quarters of 2019 stood at 498 tonnes.

Annual gold demand set to dip

At the end of June quarter, WGC had projected the annual demand to be in the range of 750 to 850 tonnes.

06 Nov 2019 1:28 AM

The letter is based on the Corrective and Preventive Action submitted by Cadila to the observations raised by USFDA. (Photo: Pixabay)

Cadila’s Moraiya facility gets FDA warning letter

As per the company, there were no repeat observations or Data Integrity related observations.

05 Nov 2019 1:24 AM

According to JLL’s Third Quarter Hotel Momentum India (HMI) report, nine out of top cities witnessed a rise in RevPAR performance during the July-September 2019 period.

GST rate cut boosts hotel industry revenue in September quarter

RevPAR is arrived at by dividing a hotel's total guestroom revenue by the room count and the number of days in the period.

05 Nov 2019 1:14 AM

Till August this year, ‘articles made of gold, silver and other metals’ was not even a category big enough to be mentioned in the export data sheet of the Gems and Jewelery Export Promotion Council.

Round-tripping finds new routes

Making most of the festive period, the exports of gold and silver articles have seen a sudden five-fold surge.

05 Nov 2019 1:08 AM

The assets under management (AUM) of NBFC-MFIs had grown by 47 per cent in FY19.

Slower growth seen for NBFC-MFIs

Liability-side issues due to the NBFC crisis will keep the growth under check.

04 Nov 2019 1:06 AM

In the financial year 2017, labour productivity growth fell to 2.6 per cent and 2.9 per cent in FY18. (Representational image)

Labour productivity at multi-year low

As per the data, labour productivity grew at an average annual rate of 3.7 per cent during the financial year 2016-2018.

02 Nov 2019 1:29 AM

The new annualized business premiums of life insurance sector and gross premiums of non-life will also grow at a similar pace.

Insurance AUMs can double in 5 yrs with digitisation

Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.85 – 4.15 lakh crore in the next 5 to 6 years.

02 Nov 2019 1:28 AM

Sangeetha G