In the latest Union Budget, Finance Minister, Nirmala Sitaraman, proposed to increase the import duty on gold from 10% to 12.5%. The decision came at a time when the domestic jewellery industry was demanding a cut in import duty. In the past, the Indian commerce ministry had also recommended a reduc...
With an estimated 19 million pets, and 600,000 pets being adopted every year, the pet food industry in India shows huge potential. There has been an increasing awareness about pet nutrition and pet owners are becoming more conscious about pet care products. Growth is recorded in all categories inclu...
Q. What is the business model of your company?A. Jaipur Rugs is a social business that connects rural craftsmanship with global markets through hand-made carpets. It is a family business based out of Jaipur that offers an exclusive range of hand-knotted andhand-woven rugs which are made using a trad...
Seon Seob Kim is the President, MD and CEO of Hyundai Motor India.A keen strategist with 27 years of diversified global experience, S. S. Kimhas worked in different markets. BE’s Nikhil Raghavan spoke to him at the launch of Kona Electric, Hyundai’s new electric SUV.Q. What is the strategy behin...
Starting out as a small company headquartered in Kolkata, Inland World Logistics has grown into one of the leading players in the sector. With timely diversification into core and non-core sectors they have managed to hold high the flag of the group even in testing times. Raj Somani, Director, Inlan...
A shattered building with broken wooden windows and a creaking staircase. A boisterous crowd protesting agitatedly as loudspeakers blare their demands. A group of sat on a make-shift platform and protested through hunger strike. Such were the scenes outside the Kolkata head office of the Bharat Sanc...
Emami Agrotech entered the organised spice market with the launch of ‘Emami Healthy & Tasty Mantra’, a varied range of pure and blended powder spices and tastemakers. Aditya V. Agarwal, Director, Emami Group launched the range. Ananya Chatterjee, an acclaimed Bengali actor and endorser of th...
Bangladesh rises, but challenges remainBangladesh has crossed India in growth rate of GDP and on certain social indicators. A few days ago, Atiur Rahman, Professor of Economics, University of Dhaka and former Governor, Bangladesh Bank, said in Kolkata during an interactive session at the Merchant Ch...
Senco Gold and Diamonds rolls out ‘AHAM’ collectionsSenco Gold & Diamonds rolled out a new brand campaign ‘Shine On’ featuring former Indian cricketer Sourav Ganguly. Sourav Ganguly and Suvankar Sen, Executive Director, Senco Gold & Diamonds unveiled the new range of ‘AHAM’, the ...
Kolkata-based public sector banks (PSBs), namely, the United Bank of India (UBI), the Allahabad Bank and the UCO Bank are improving their performance. UBI has started to earn profit from the fourth quarter of FY 19. In the first quarter of the present FY, UBI and Allahabad Bank have earned profits. ...