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NEW DELHI : India’s leading online retailers are gearing up for a head-to-head clash with their annual festive season sales events starting in October and stretching until mid-November, coinciding with the cricket World Cup, which companies say will boost demand for discretionary products such as TVs and clothing after two subdued quarters. On Friday, Amazon announced it will kick off its ‘Amazon Great Indian Festival’ (GIF) on 8 October, in sync with Flipkart’s The Big Billion Days sale, to deny any early advantage to chief rival. Amazon had earlier advertised a 10 October start date for the event.

New Delhi: The success of films like Gadar 2 and Jawan has not only revived careers of yesteryear actors like Sunny Deol but has opened the doors for filmmakers of the 1990s to experiment with genres, such as action dramas, comedies as well as family entertainers, to cater to the demand of diverse audiences including the small-town moviegoers. For a while, sequels to hits such as Hera Pheri or Welcome had little success with India’s urban elite. However, there’s a clear shift with renowned film-makers of the 90s, Rajkumar Santoshi and Anil Sharma, lining up projects after a long hiatus, said industry insiders.

Mumbai/New Delhi: Retailers and logistics service providers are struggling to strike a balance between hiring contract workers to maximize festive season sales and reducing costs, amid efforts to boost last-mile connectivity after two quarters of muted sales. While firms are rolling out marginal hikes for their sales teams, recruiters said they are seeking to hire contract workers at minimum wages. Therefore, getting manpower across states is becoming a challenge, they added.

New Delhi: Kia India, the Indian subsidiary of South Korea’s Kia Corp., one of the leading sport utility vehicle (SUV) makers in India, will explore capacity expansion options only after 2025, despite its facility at Anantpur in Andhra Pradesh operating at more than 100% capacity, a senior company executive told Mint. Kia’s Andhra unit, which started with a capacity of 300,000 units following a $2 billion infusion by the parent, expanded its annual capacity to 350,000 units last year. Now, it seeks to de-bottleneck the existing facility further by removing inefficiencies and optimizing the manufacturing processes to enhance production to 400,000 units, said Hardeep Singh Brar, national head, sales and marketing, Kia India.

New Delhi: Tata Group-owned Air India is expected to consolidate its presence and increase efficiency across 100-plus routes, or over 50 origin-destination pairs, to fully utilize the group’s network of four airlines. According to Competition Commission of India’s assessment on deployment of both air traffic and seat capacity for 2022-2023, Air India and Vistara has shared presence in 48 origin-destination pairs, or on 96 routes.

geopolitics into the centrestage of their electoral campaigns. While incumbent President Ibrahim Mohamed Solih has strengthened the country's bonhomie with New Delhi in his five-year tenure so far, the opposition camp led by rival presidential candidate Mohamed Muizzu have sharpened their anti-India rhetoric, and hinted at restoring the strong pro-Beijing ties that existed between 2013 and 2018.

Air India flight from the national capital to San Francisco earlier this month suffered burns after a cabin crew member accidentally spilled coffee on her, and the airline has apologised for the incident. The passenger took to social media to narrate her experience, saying «Air India delivered distressing experience that took a harrowing turn when flight attendant spilled hot water on my leg». «I was travelling from New Delhi to SFO on Flight AI 173 with my 4-yr-old son and 83-yr-old mother-in-law.

New Delhi: India's current account deficit (CAD) widened in the April-June quarter to $9.2 billion or 1.1% of GDP from $1.3 billion in the preceding three months. The September quarter is expected to see a substantial widening of the deficit as the trade balance has been worsening sequentially, oil and higher core imports are rising, and services exports are slowing further. Mint explains the relevance of the data in the context of the Indian economy The current account measures the flow of trade, including goods and services and investments in and out of a country.

State Department spokesperson Mathew Miller said that India can speak for itself regarding the Canadian allegations related to Khalistterrorist Hardeep Singh Nijjar's killing and the ongoing investigations. He mentioned that Washington has urged New Delhi to collaborate with the Canadian investigation. During the press briefing, State Department spokesperson Mathew Miller was asked whether the issue of Canadian allegations will be raised during External Affairs Minister S Jaishankar's meeting with his US counterpart Antony Blinken. «One of the practices I'm going to continue to try to adhere to, is to not speak publicly about what, Secretary Blinken or other representatives of this department will say in their meetings before the Secretary has a chance to say it directly to those counterparts,» Miller said. He added, «We have consistently engaged with the Indian Government on this question and have urged them to cooperate. And that engagement and the urge for them to cooperate will continue». On being further asked about India's response to the US' call for cooperation in the investigation, Miller refused to comment on what is said in private diplomatic conversations. «They can speak for themselves.

NEW DELHI : With demand for power soaring to record levels at the start of September, states headed for Assembly elections this year are ramping up efforts to increase coal and power purchases, even at high prices. Rajasthan Urja Vikas Nugam Ltd (RUVNL), the state-run power trading company of election-bound Rajasthan purchased 1,000 MW of power for ₹8.25-10 per kwh (unit) for September in short-term tenders, according to data from the DEEP portal. Similarly, for November, December 2023 and January 2024, RUVNL has tied up a total of 2,200 MW fo ₹6.25-7.2 per unit.

NEW DELHI : The US has urged India to cooperate with Canada’s investigation into the killing of Hardeep Singh Nijjar, state department spokesperson Matthew Miller said before a meeting between foreign minister S. Jaishankar and his opposite number, secretary of state Anthony Blinken.

New Delhi: Global index provider FTSE Russell kept India on a watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), the index provider said on Friday. "Areas for improvement in the Indian government bond market structure highlighted by international investors remain largely unchanged from the previous March 2023 review," FTSE said in its annual country classification review.

NEW DELHI : Oil India Ltd (OIL) has appointed legal and tax consultants to explore ways to repatriate its $150 million in dividend stuck in Russia, the state-run firm’s chairman and managing director Ranjit Rath said. In an interview, Rath said the money is currently parked in SBI’s Moscow branch. OIL is part of two Indian consortiums that have stakes in several Russian oilfields in Siberia.

NEW DELHI : Ashwin Dani, a prominent figure in the storeyed legacy of Asian Paints, which was founded by his father, has passed away at the age of 81 after a short illness. He served as a non-executive director of the firm. Dani played a pivotal role in developing India’s paints industry, capitalizing on increasing demand from the country’s emerging middle class.

New Delhi: In August, Akasa Air completed a year of flying. Ever since the pandemic, airline companies and engine makers have been grappling with supply-chain headwinds, globally. But Akasa Air flew past these troubles with ease.

NEW DELHI : Indian benchmark indices fell the most in six days on Thursday on continued selling by foreign institutional investors (FII) amid rising oil prices and US bond yields and weak Asian markets like Hang Seng and Nikkei 225 which plunged almost a per cent and a half each. Indian investors were left poorer by ₹2.98 trillion, with the NSE’s market cap falling to ₹314.26 trillion. Underscoring the negative sentiment and possibility of an extended correction, fear gauge India Vix surged the most in six months.

NEW DELHI : Half a century ago, astronauts brought back a total of a few hundred kilograms of rocks from the moon. It generated great excitement, because this was the first extraterrestrial material humans ever examined. There have been meteor strikes, of course.

New Delhi: State-owned Steel Authority of India Ltd (SAIL), the largest steel producer in the country, is ensuring it has adequate coking coal stock through imports from Russia and will complete imports of 300,000 tonnes from Russia by the end of this month. The company is looking to bring in 3,00,000 tons of coking coal by the end of this quarter (July – Sept), Amarendu Prakash, Chairman of SAIL, told Mint on the sidelines of the Indian Steel Markets conference here today. “It is a continuous thing; we buy from them continuously.

Jaishankar on Thursday met US National Security Advisor Jake Sullivan and discussed the progress in bilateral relations between the two countries and ways to take it forward. Jaishankar, who arrived here from New York on Wednesday after addressing the 78th General Assembly session of the United Nations on Tuesday, will meet US Secretary of State Antony Blinken later in the day. «Began my Washington DC visit with a meeting with NSA @JakeSullivan46.

India 10-year yield posts biggest single-session rise of 2023 Indian government bond yields climbed on Thursday, with the benchmark yield posting its biggest single-session rise in 2023, triggered by a relentless rise in oil prices as well as Treasury yields, while debt supply further hurt. The 10-year benchmark 7.18% 2033 bond yield ended at 7.2414% after ending at 7.1704% in the previous session. The yield posted its biggest single-session rise since Nov.

PTI reported. Road Transport and Highways Secretary Anurag Jain, who briefed the reporters along with Gadkari in New Delhi, said the ministry has done the mapping of the entire national highways length of 1,46,000 kilometres and is firming up performance-based maintenance and short-term maintenance contracts to remove potholes by December this year. For the upcoming highway construction projects, the government is likely to issue contracts under the Built-Operate-Transfer (BOT) mode, as Gadkari suggested that highways developed under this model are considered to be more resilient and adequately maintained.