Marico Bangladesh Ltd, a listed multinational company, said its profit soared 30 percent year on year to Tk 172.57 crore in the April-June quarter.

India is warming up to its northern neighbour. The South Asian country’s annual economic report recommends courting investment from China rather than integrating into the country’s supply chains. That lays out a way for companies from Shein to BYD to keep selling in Western markets despite rising suspicion towards the People’s Republic. Much depends on how the Sino-American trade war plays out.

Indian consumer goods companies Marico, Dabur and Adani Wilmar reported a pick up in first-quarter revenue growth as demand improved gradually, with consumers spending more on personal care and cooking products.

The target area under kharif onion this year is 3.61 lakh hectares which is 27 percent higher than last year, the Ministry of Food said on Friday.

Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses.

India’s oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as discounts for Russian oil widened on lower demand from China, according to trade sources and shipping data.

The Indian economy is likely to remain the fastest-growing major one in coming years, but a majority of independent economists and policy experts polled by Reuters are not confident it will make any difference in narrowing stark economic inequality.

Credit rating agency Moody’s said India is expected to remain the fastest-growing economy in the Asia-Pacific region in the second half of the year 2024.

India has begun withdrawing military personnel operating surveillance aircraft in the Maldives after the new pro-China president ordered them to leave, local media reported Tuesday

Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.

The Indian rupee fell on Tuesday as elevated US Treasury yields and broad strength in the greenback weighed on Asian currencies.

The Indian government could sell more wheat in the open market to control prices that have reached their highest in nearly eight months, the country’s food secretary said on Monday.

Apple is expected to gain a larger share of India’s smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments.

India’s merchandise trade deficit in August was wider than expected and stood at $24.16 billion, according to a Reuters calculation based on export and import data released by the government on Friday.

The Indian rupee weakened slightly on Friday, weighed by crude marking fresh year-to-date highs but the downside was likely capped by dollar selling orders and expected equity inflows.

The Indian rupee declined slightly on Thursday as the impact of equity inflows and some softness in Brent crude oil futures was more than offset by importer hedging and oil companies’ dollar demand, traders said.

India has no immediate plans to abolish the import duty on wheat, but it will reduce the limit on the number of stocks that traders and millers can hold, Food Secretary Sanjeev Chopra told reporters on Thursday.

Sugar output in Maharashtra, India’s top producing state, is likely to fall 14% in the 2023/24 crop year to its lowest in four years due to lower cane yields following the driest August in more than a century, industry and government officials told Reuters on Wednesday.

India’s annual retail inflation eased to 6.83 percent in August from a 15-month high of 7.44 percent in July as food prices moderated, government data showed on Tuesday.

It is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina Georgieva, said on Sunday, while urging members of the G20 bloc to deliver on a promise of $100 billion a year in climate funds.