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Priced at half that of their imported counterparts, the Indian toy doesn’t just match but “rivals the foreign brands feature-for-feature”, exclaim the Shettys. The kids, who got to add to their treasure trove of mostly imported dart blasters, are happy too. That is the sweet spot that India’s reviving toy industry has captured, and in a rather quick time too. In just four years, India has cut toy imports from China, a nation that has long dominated the global market, by an impressive 80%. A mix of high tariffs and stringent quality checks helped. Between FY20 and FY24, India sharply increased customs duty — from 20% to 70%. It also enforced the Quality Control Order (QCO), a regulation mandating stringent safety standards for all toys, whether domestically produced or imported. Result: In FY20, India had imported Chinese toys worth $235 million, a figure that plunged to just $41 million by FY24. It has also evolved into a net exporter of toys.

market surge lifted the weak indices, ending the week on a positive note. Easing food inflation, A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform. Additionally, the expectation of an increase in US spending is propelling the IT sector. Amid a highly volatile week, certain smallcap stocks hit their 52-week high, giving returns of up to 37% on a week-on-week (WoW) basis.

Shiv Sena (Uddhav Balasaheb Thackeray) leader Sanjay Raut on Saturday took a dig at Bharatiya Janata Party (BJP)-led Mahayuti alliance in Maharashtra, saying that they should take out a procession of Electronic Voting Machines (EVMs) and take the decision to construct an EVM temple. He said that during the first cabinet meeting, they should announce the construction of an EVM temple in front of the Rashtriya Swayamsevak Sangh (RSS) headquarters in Nagpur. First of all, the procession of the Chief Minister will be taken out there (in Nagpur). I think that before taking out the procession of the CM, they should take out a procession of EVMs and in the first cabinet they should make a decision to construct a temple of EVMs in front of RSS Headquarters," Raut said in a press conference here.

Bank of Baroda. Notably, the growth in exports to the US was higher than aggregate exports until FY00. However, the global financial crisis in 2008 slowed down growth until FY10. Since then, the growth in exports to the US has consistently outpaced the overall export growth, underscoring the growing importance of the American market for Indian exports.

ICICI Bank, India's second largest private lender, Friday said it may realise ₹160-190 crore from the sale of a 19% stake in ICICI Merchant Services to Netherlands-based First Data Holdings 1 (Netherlands) BV. «The board of directors of ICICI Bank at its meeting held today, approved a proposal for sale of a 19% stake held in ICICI Merchant Services (IMSPL), an associate of the bank, subject to receipt of requisite approvals,» the lender said in an exchange filing.

Subscribe to enjoy similar stories. When central banks like the Reserve Bank of India (RBI) reduce interest rates, borrowing becomes cheaper. Companies can then access loans at lower costs, enabling them to invest in new projects, expand operations, or fund innovation more effectively.

The Commerce Department releases its monthly snapshot of U.S. retail sales Tuesday

The Superior Court of Quebec has approved a $2.5-million settlement in a class action targeting Dollarama Inc.’s use of eco fees.

Wall Street is pointing slightly lower ahead of another U.S. inflation report and an expected interest rate cut by the European Central Bank

Bharat Electronics Ltd. 0.19 per cent to Rs 314.45 at 11:51AM (IST) in Thursday's trade. The counter hit a high of Rs 316.05 and low of Rs 312.60 so far during the session. The stock had closed at Rs 313.85 in the previous session. The counter had a total traded volume of 11:51AM shares so far with a turnover of Rs 5.17 crore on BSE. The stock traded at a price-to-earnings multiple of 50.65 and a price-to-book ratio of 9.02.

Hemang Jani, Independent Market Expert, says among PSUs, Bharat Electronics and HAL have reported strong financial results, making them attractive investment options, along with select power companies like NTPC, especially after its recent demerger and the launch of the NTPC Green IPO, showcasing its renewable energy potential. While one can remain optimistic, a discerning approach is crucial when evaluating public sector undertakings. Investors should target niche, selective companies in this sector. Among steel stocks, Jani holds Tata Steel in high regard, but believes certain pallet players like Godawari Power are better positioned due to improving spreads. Additionally, Jindal Steel & Power's efficient captive unit for raw materials may offer a more attractive investment opportunity. From the end of last year till middle of this year, the PSU sector, be it defence, railways, infra or power names – had been the most buzzing segment. But that rally had fizzled out in the latter half of this year. What is your take on PSUs. A lot of people are hoping that there will be a rebound in the government spending come H2 of FY25 and PSUs will revive? Hemang Jani: Yes, some of these companies which have corrected quite sharply in the past two months are showing a good rebound and it is not just the stock price rebound.

Subscribe to enjoy similar stories. The Centre is working on a $3 billion package for the electronics industry to encourage private sector research and development (R&D) and create leading brands, two people aware of the development said. A task force set up by the ministry of electronics and information technology (Meity) six months ago studied the viability and market-readiness of such a scheme and submitted actionable points, the people said on the condition of anonymity.

Subscribe to enjoy similar stories. Dr. Vikram Ambalal Sarabhai, father of India’s space programme, once said, “We do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space flight.

The Fulton County Sheriff's Office has promised to pay a private security company $1.4 million after some of its employees walked out of the jail in August

Regional supermarket chain Stop & Shop is installing kiosks in all of its stores in the Northeast U.S. to make digital-only coupons more accessible

Mohan Yadav on Wednesday launched two programmes to highlight development works of his administration and link more eligible people with welfare schemes. "Jankalyan Parv" (public welfare festival) and "Mukhyamantri Jankalyan Abhiyan" (public welfare campaign) will run on different dates through December-January. «It is a happy coincidence that today, on the occasion of International Gita Jayanti, Jankalyan Parv and Mukhyamantri Jankalyan Abhiyan are being launched. During Janlakyan Parv, which will run from December 11 to 26, foundation stones of several development works will be laid and a number of completed projects will be inaugurated,» Yadav said. The three-time MLA, who was elected the BJP legislature party leader on December 11, 2023, and took oath as CM two days later, was speaking at a function organized at the Motilal Nehru stadium in the state capital Bhopal. During the Jankalyan Abhiyan, which will run from December 11 to January 26, people from poor families, youths, farmers and women, who are eligible to avail benefits of various welfare schemes, will be identified through a survey and linked with these plans, Yadav informed.

Canadian lawmakers took aim at the country’s widely used money-transfer service, run by Interac Corp., and hinted that its owners should be forced to sell it.

Subscribe to enjoy similar stories. New Delhi: On 29 June 2020, two weeks after Indian and Chinese troops brutally clashed at the Galwan Valley, India’s ministry of electronics and IT said it was pulling the plug on 58 Chinese apps operational in the country. Among them was TikTok—the short-form video app was hugely popular back then, with over 200 million users in India.

Subscribe to enjoy similar stories. New Delhi: The Competition Commission of India (CCI) has engaged attorney general R Venkataramani, the country’s highest-ranking law officer, to fight its case against various current and former online sellers of Amazon and Flipkart, including Cloudtail India Pvt Ltd, Appario Retail Pvt Ltd and Samsung India Electronics Pvt Ltd, two people informed about the development said.

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Attorneys for Meta shareholders are asking a Delaware judge to sanction former Chief Operating Officer Sheryl Sandberg and fellow Facebook board member and current White House chief of staff Jeff Zients for deleting emails related to the Cambridge Anal...