Japanese e-commerce behemoth Mercari has established its first Global Centre of Excellence (GCoE) in Bengaluru. After Japan and the United States, India is Mercari’s third nation of operation.

Shares of rice exporters such as Chaman Lal Setia Exports, LT Foods, KRBL, and GRM Overseas fell up to 6% intraday on Monday after the government imposed export restrictions on basmati rice over the weekend. 

According to The Economic Times, e-commerce enterprises and consumer goods producers have increased their demand for electric vehicles (EVs) in an effort to lower costs and fulfill carbon emission objectives.

Nita Ambani, Ambani’s wife, is stepping down from the board of Reliance Industries Ltd, which has accepted the nominations of Isha, Akash, and Anant Ambani as non-executive directors.

Chairman Mukesh Ambani shared their goals. He mentioned that their telecom division, Jio has set a target to install one million 5G cells, across India by December 2023. Ambani highlighted their dedication to progress.

The average revenue per user (ARPU) of Indian telecom companies is expected to rise by 8 to 10% to Rs 190 this fiscal year. According to the statement, operational earnings for these companies might rise by 15 to 17 percent this year, hitting Rs 1.2 trillion, up from Rs 1.04 trillion in FY22.

As Chinese steel shipments drop, Tata Steel Ltd., India’s second-largest steel manufacturer, is optimistic about pricing. On the eve of the B20 Summit in New Delhi, CEO TV Narendran had an interview with Bloomberg News.

According to Sudarshan Venu, MD of TVS Motors, the business would invest Rs 3,900 crore over the next four to five years to expand its green portfolio as it works with BMW’s Motorrad to create brand-new petrol and electric platforms for the Indian and global markets.

It is “profoundly important” for the two greatest economies in the world to maintain a solid economic relationship, according to U.S. Commerce Secretary Gina Raimondo, who launched negotiations with Chinese government representatives on Monday.

The Car Connectivity Consortium (CCC) reported today that PlugFest #5, facilitated by Shenzhen Snowball Innovation, zeroed in on Close field Correspondences (NFC) testing and united automakers and gadget producers to help advance CCC Digital Key in conveying a safe, easy, and general norm for vehicle access.

SoftBank, a conglomerate has seen returns, on its investments in India surpassing $5.5 billion since it entered the Mumbai market in 2018.

Firstly Go First the budget airline has announced that they will be extending flight cancellations until August 31 for reasons.