Indian billionaires are vying to introduce cost-effective medications for diabetes and obesity in response to the escalating demand for reasonably priced alternatives to the well-known weight-loss drug, Ozempic. Sun Pharmaceutical Industries, established by…
Swedish furniture behemoth Ikea is set to intensify its commitment to India, with plans to double its current investment to over 200 billion rupees, or approximately US$2.2 billion, within the next five years. Expanding Physical and Online Footprint In order…
In a bold leap towards modernization and urban adaptation, Swedish home furnishings behemoth IKEA is expanding its footprint across India. The retailer is introducing a fresh approach that encompasses compact city storefronts, expansive mixed-use…
Decathlon, the renowned French sports goods company, has disclosed its ambitious plans to double its procurement of goods from India, aiming to reach a monetary value of $3 billion in the next five years. This strategic move will enhance India’s contribution…
India has achieved a remarkable milestone, adding 22 gigawatts (GW) to its renewable energy capacity in the first half of 2025—its highest six-month boost to date. According to an analysis by Rystad Energy, this represents a staggering 57% increase from the…
India’s life insurance industry is experiencing quite the twist, as it reported a year-on-year premium growth of 12.7% in May, bringing the total premiums to a substantial Rs30,463.2 crore. This surge is a welcome improvement from April’s 8.4% growth,…
Ingka Centres, part of Ingka Group, is set to open a mixed-use development in Gurugram, Southwest of New Delhi, marking Ikea’s first shopping mall in the country. Construction is set to start early next year, with an investment of US$448 million. The project,…
India’s diesel consumption slowed in the first half of September from the previous month, staying below pre-COVID levels as a pick-up in monsoon rains hit mobility and demand for fuel from the agriculture sector, preliminary sales data showed. Diesel sales by…
Large pharmaceutical enterprises in India have expressed their hope to establish a pharmaceutical industrial park in Vietnam, with an initial investment of about $500 million. The idea of setting up the pharmaceutical industrial park was launched during…
Ikea’s arm Ingka Centers is to launch India’s first Ikea mixed-use destination in the outskirts of Delhi, Noida. The plan was announced after the retailer secured a 47,833sqm plot of land in Noida, Uttar Pradesh. The project will cost about US$760 million and…
Domestic fuel rates on Monday were hiked for the sixth consecutive day by the state-owned marketing companies across the metro cities in India leading the prices to touch two-year high. As per the notification from Indian Oil Corporation, petrol and diesel…
A joint-venture by India’s Adani Gas and France’s Total will soon seek government permission to open retail fuel stations in India, Adani’s chief executive said on Wednesday. India has become a lucrative market for global oil majors after the government…
The Ministry of Industry and Trade has proposed that fuel distributors be allowed to sell a maximum of 35 percent of their stake to foreign investors. The ministry rationalized that several exceptions the government has allowed so far, such as 20 percent…
India’s fuel demand in June extended its recovery from a 13-year low hit in April, lifted by pickup inactivity as the economy gradually reopens from lockdown restrictions imposed to combat the coronavirus pandemic, government data showed on Thursday.…
India’s fuel demand continued to recover in the first half of June compared with the previous month as the nation eased restrictions on road transport, air travel and industries, provisional data from industry sources showed. Indian state fuel retailers’…
Indian state retailers sold 50% less refined fuel in the first two weeks of April than the same time a year ago as a nationwide lockdown to stem the spread of the new coronavirus hit transportation and industrial activity, industry sources said. State…
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