According to statistics released by the Commerce Ministry on Friday, India’s wholesale inflation decreased for the third consecutive month in June, falling to 4.12% on an annual basis from a contraction of 3.48% in May. It was 16.23 percent in June of the previous year.

Credo Brands Marketing Ltd, renowned for its highly sought-after Mufti jeans brand has recently lodged preliminary documents for an initial public offering (IPO) in India. This proposed IPO entails a complete offer for sale by current shareholders and promoters. Noteworthy is the fact that the company commands a substantial market share in the men’s casual wear sector and boasts an extensive network of 1,773 touchpoints nationwide.

The Rising STARS program of Myntra seeks to foster the growth of 200 Direct to Consumer fashion and lifestyle brands in India. By providing these brands with valuable brand-building skills, heightened exposure, and strategic support. Myntra enables them to tap into India’s thriving digital market. It is estimated that this market will attract 400 450 million shoppers by 2027 presenting immense opportunities for expansion. Furthermore. The fashion D2C industry is projected to reach a value of $43.2 billion by 2025. With Myntras program. These brands are well-positioned to capitalize on such promising prospects.

In an unexpected twist. A US federal court has declined the FTC’s request to halt Microsofts $69 billion acquisition of Activision Blizzard. This court ruling follows a previous favorable ruling

Prime Minister Narendra Modi has declared the Unified Payments System (UPI) which has achieved great success in India and will now be launched in France. This groundbreaking step aims to provide Indian tourists with the opportunity to make payments in rupees without the hassle of forex cards or cash. UPIs ongoing progress is evident through its recent agreements with Singapore and France. And there are further plans to extend its services to the United States, Europe, and West Asia.

In Q2 2023, institutional investments in the office sector reached $1.8 billion, the highest level over the previous 10 quarters, indicating continued investor confidence in the sector’s prospects for development and return.

Following a secondary share offering, digital lending platform Yubi, which is about to separate from parent company Vivriti Capital, was valued at $1.5 billion, according to two insiders who spoke to ETtech.

Hitachi Astemo Ltd. reported that Isuzu Engines Restricted embraced its detecting framework in its new Mythical being model. Utilising a wide-point sound system camera, the detecting framework empowers crash harm relief slowing down at convergences and on single-track streets.

India is thinking about perhaps banning the export of a kind of rice. If adopted, this suggested strategy may further increase the already skyrocketing costs of this essential food staple throughout the world, especially when the unsettling El Nio weather phenomena reappears. The majority of the world’s rice exports come from India.

China’s exports sector experienced a significant contraction last month, recording its sharpest decline since the onset of the COVID-19 pandemic three years ago. The country’s ailing global economy and persistently weak global demand have placed mounting pressure on Chinese policymakers to implement fresh stimulus measures. The momentum of China’s post-pandemic recovery has slowed, leading analysts to downgrade their economic projections for the rest of the year, particularly as factory output faces challenges in the face of sluggish global demand.

HCL Tech surprises the industry by acquiring ASAP Group, a renowned German automotive engineering services provider for a staggering €251 million. This unexpected collaboration seeks to expand ASAPs cutting-edge automotive technologies on a global scale reinforcing HCLTechs dedication to Germany. With great enthusiasm, both companies eagerly look forward to offering top-notch solutions to the worldwide automotive sector.

Anil Agarwal, Chairman of Vedanta Group, is committed to manufacturing semiconductors in India and has lined up partners. He encourages investment in the industry, claiming that India has enormous potential.