MUMBAI: Japan’s Kokuyo, which entered India by acquiring the Camlin stationery brand in 2012, is set to buy office furniture manufacturer HNI India from NYSE-listed HNI Corporationto expand its presence in the country. HNI India, with a revenue of Rs 250 crore, operates a 3.5 lakh square feet manufacturing facility in Nagpur and employs about…
MUMBAI: Maharashtra emerged as India’s best-performing state in CareEdge Ratings’ 2025 state rankings, followed by Gujarat and Karnataka. The annual index, based on 50 quantitative indicators across seven pillars-economic, fiscal, infrastructure, financial development, social, governance, and environment-places Maharashtra at the top for financial development, with strong performances in economic, fiscal, and social metrics.Gujarat leads the…
Representative image (Credit: Canva) NEW DELHI: Tearing or damaging a currency note is a common mishap, but to ensure it doesn’t lead to financial loss, the Reserve Bank of India (RBI) has laid down clear rules for the exchange of damaged currency.The guidelines are meant to ensure that soiled, mutilated, or even badly deteriorated notes…
Gold demand in India is showing no signs of slowing down, even after prices surpassed the record high of Rs 1 lakh per 10 grams, with Akshaya Tritiya just around the corner. The auspicious day, associated with prosperity, sees many people purchasing gold and silver as symbols of wealth and good fortune. Why does gold…
Mumbai: India alongside China and Brazil drove volume growth for American beverage giant Coca-Cola in the March quarter even as the company had to contend with a weakening consumer sentiment in developed markets like the US which weighed on its share of volume gains in the regions.The firm’s consolidated volume grew 2% during the quarter….
Beijing on Tuesday addressed concerns over potential flooding of cheap Chinese goods into other markets, reassuring India that it would not resort to such practices despite the ongoing trade war with the United States.Beijing’s ambassador to India, Xu Feihong, wrote in an opinion piece for The Indian Express that China is focusing on expanding domestic…
Canadian firm The Metals Company (TMC) announced on Tuesday that it has submitted application to the United States for deep-sea mineral mining in international waters. This marks the first such application, supported by President Donald Trump’s push for the industry. The minerals targeted by TMC are crucial for manufacturing electric vehicle batteries and electric cables,…
Representative AI image (Credit: Bing image creator) The US administration announced plans to implement measures by Tuesday to reduce the impact of automotive import tariffs, allowing manufacturers additional time to shift production to US soil.While the 25 per cent tariffs on imported vehicles and components will continue, they will be restructured to prevent overlap with…
AI-generated image (Credit: Bing image creator) American consumer confidence in the economy has dropped to its lowest level since the onset of the Covid-19 pandemic. The Conference Board reported a sharp 7.9-point decline in April, bringing the index down to 86, marking the lowest reading since May 2020. The decline is being largely attributed to…
AI-generated image (Credit: Bing image creator) Job openings in the United States declined in March, reflecting growing economic uncertainty tied to President Trump’s trade policies. Trump had announced implementation of import tariffs in march to be effective from April but just days later, announced a 90-day pause on all countries except China. According to Tuesday’s…
