Commerce Ministry Announces: 52% Fall in Toy Imports, 239% Rise in Exports

The Indian toy industry has witnessed a significant transformation over the past few years, as highlighted by the Ministry of Commerce and Industry. The financial year 2022-23 marked a pivotal point with a 52% reduction in toy imports and a staggering 239% increase in exports compared to the figures from the financial year 2014-15. Detailed […]

Wonder Cement to Enhance Production with New Unit in Tulsigam, Gujarat

Wonder Cement, a leading cement manufacturer in India, has announced the setting up of its new production facility at Tulsigam, Gujarat. The company also said that it has reached a significant milestone of 18 MTPA cement production capacity in 2023. The new unit is expected to augment the brand’s manufacturing capabilities, seamlessly integrating with its […]

CCEA’s Seal of Approval for Sulphur Coated Urea at ₹266.50 per 40 kg Bag

Introduction The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved a special package of innovative schemes for farmers with a total outlay of Rs.3,70,128.7 crore. The package aims to boost the welfare and economic well-being of farmers by promoting sustainable agriculture. The initiatives will enhance farmers’ income, strengthen natural […]

Vietnam’s VinFast Charts $2 Billion Investment Course in India

Vietnam-based electric vehicle (EV) startup VinFast has announced its ambitious plans to enter the Indian market by 2026 with an investment of up to $2 billion. The company, which recently became the world’s third most valuable carmaker after a $23 billion SPAC deal, aims to set up its own manufacturing facility in India as well […]

Gujarat’s Global Tech Talks: Engaging with Chipmakers from Japan, US, South Korea

Gujarat, the home state of Prime Minister Narendra Modi, is in advanced talks with semiconductor companies from Japan, US and South Korea for investment in the state, Chief Minister Bhupendra Patel said in an exclusive interview with Reuters on Thursday. Vibrant Gujarat Global Summit The state is hosting its biennial Vibrant Gujarat Global Summit next […]

2023: A Landmark Year for Indian Startups with $11 Bn Raised

2023: A Landmark Year for Indian Startups with $11 Bn Raised The year 2023 was a challenging yet rewarding one for Indian startups, as they raised more than $11 billion in venture capital across 984 deals, according to startup data intelligence platform TheKredible. Despite the funding crunch, economic slowdown and mass layoffs, the ecosystem also […]

Simplilearn’s Economic Progress: Nearing Rs 700 Cr Income in FY23

Simplilearn, an edtech company that offers online upskilling courses, is on track to achieve a revenue of around Rs 700 crore in the current financial year, according to its founder and CEO Krishna Kumar. The company has seen a growth rate of about 80 per cent in the face of the Covid-19 pandemic and the […]

A Successful Series E Round for Country Delight with $20 Mn Raise

Country Delight, a direct-to-consumer dairy brand, has raised $108 million in its Series E round of funding led by Venturi Partners and Temasek, valuing the company at $615 million. The round also saw participation from SWC Global and Trifecta Capital along with existing investors, IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners. […]

DRHP Filing by Unicommerce ESolutions: A New Chapter in E-Commerce SaaS

Unicommerce ESolutions, a leading e-commerce enablement SaaS platform for businesses, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on January 6, 2024. The company plans to raise INR 1,500 crore through an initial public offering (IPO) of equity shares. About Unicommerce ESolutions Unicommerce ESolutions was founded […]