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ED Said to Have Raided Offices of Sellers Operating on Amazon and Flipkart
India's ED has raided offices of some sellers operating Amazon and Walmart-owned Flipkart. One senior government source said raids were being carried out in New Delhi, Mumbai and Bengaluru, but did not give names of sellers whose offices were being raided.
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India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
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Taiwan Reveals Wartime Food Stockpiling Strategy Amid Tensions With China
Taiwan's government offered rare details on Tuesday of its wartime food plan, saying it is taking monthly inventories of crucial supplies like rice and making sure they are properly stored across the island in case of a Chinese blockade.
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Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
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Tata Motors Witness 9% YoY Drop In Sales In Sept'24, Wholesales 41,313 Units
We readjusted wholesales to lower-than-expected retails, to keep channel inventory under control - Tata Motors.
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Kia Sales Remain Similar To Last Month's In Sept 2024; Sonet Ruling The Chart
Kia India managed to sell 23,523 units in September this year, continuing with a sustained sales momentum amid piled-up inventory issues.
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Google Ex-Employee Shares Struggle For Indians To Find Job In Canada
Is work experience from India not enough to fetch you a decent salary abroad? A video of an Indian man, who works as a process inventory associate in Canada, highlights the struggle to land a job.
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Car Wholesales Rise By 3% But Retail Sales Drop By 7% In April-June 2024
Dealers are currently sitting on an unsold car inventory of nearly 7 lakh units.
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Hyundai India Says Comfortable With Current Inventory Amid Muted Sales
Hyundai Indias inventory levels are still at less than a month, COO Tarun Garg says, ruling out any discounts a la larger rival Maruti Suzuki.
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Sony Hits Pause on PS VR2 Production as Unsold Inventory Piles Up
Sony Group has paused production of its PS VR2 headset until it clears a backlog of unsold units, according to people familiar with its plans, adding to doubts about the appeal of virtual reality gadgets. Sales of the $550 wearable accessory to the PlayStation 5 have slowed progressively since its launch and stocks of the device are building up, ac...
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How Chefs Can Manage Food Costs and Inventory During The Holiday Rush
Hotel chefs face the challenging task of managing food costs and inventory during the holiday rush. To reduce costs without compromising quality, they can follow these tips.
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End Of An Era - MiG-21 Jets Fly For Last Time Over Barmer In Rajasthan
As per plans, the No. 4 squadron will be getting the Sukhoi-30MKI fighter jets in its inventory and may move to a new location in the desert sector itself by the end of this month.
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Nokia's Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
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TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
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Apple Takes Biggest Hit as Global PC Shipments Fall by 29 Percent in Q1 2023: Report
Global shipments of personal computers (PCs) fell by 29 percent in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple taking the largest hit, market research firm IDC said.
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ED Said to Have Raided Offices of Sellers Operating on Amazon and Flipkart
India's ED has raided offices of some sellers operating Amazon and Walmart-owned Flipkart. One senior government source said raids were being carried out in New Delhi, Mumbai and Bengaluru, but did not give names of sellers whose offices were being raided.
-
India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
-
Taiwan Reveals Wartime Food Stockpiling Strategy Amid Tensions With China
Taiwan's government offered rare details on Tuesday of its wartime food plan, saying it is taking monthly inventories of crucial supplies like rice and making sure they are properly stored across the island in case of a Chinese blockade.
-
Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
-
Tata Motors Witness 9% YoY Drop In Sales In Sept'24, Wholesales 41,313 Units
We readjusted wholesales to lower-than-expected retails, to keep channel inventory under control - Tata Motors.
-
Kia Sales Remain Similar To Last Month's In Sept 2024; Sonet Ruling The Chart
Kia India managed to sell 23,523 units in September this year, continuing with a sustained sales momentum amid piled-up inventory issues.
-
Google Ex-Employee Shares Struggle For Indians To Find Job In Canada
Is work experience from India not enough to fetch you a decent salary abroad? A video of an Indian man, who works as a process inventory associate in Canada, highlights the struggle to land a job.
-
Car Wholesales Rise By 3% But Retail Sales Drop By 7% In April-June 2024
Dealers are currently sitting on an unsold car inventory of nearly 7 lakh units.
-
Hyundai India Says Comfortable With Current Inventory Amid Muted Sales
Hyundai Indias inventory levels are still at less than a month, COO Tarun Garg says, ruling out any discounts a la larger rival Maruti Suzuki.
-
Sony Hits Pause on PS VR2 Production as Unsold Inventory Piles Up
Sony Group has paused production of its PS VR2 headset until it clears a backlog of unsold units, according to people familiar with its plans, adding to doubts about the appeal of virtual reality gadgets. Sales of the $550 wearable accessory to the PlayStation 5 have slowed progressively since its launch and stocks of the device are building up, ac...
-
How Chefs Can Manage Food Costs and Inventory During The Holiday Rush
Hotel chefs face the challenging task of managing food costs and inventory during the holiday rush. To reduce costs without compromising quality, they can follow these tips.
-
End Of An Era - MiG-21 Jets Fly For Last Time Over Barmer In Rajasthan
As per plans, the No. 4 squadron will be getting the Sukhoi-30MKI fighter jets in its inventory and may move to a new location in the desert sector itself by the end of this month.
-
Nokia's Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
-
TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
-
Apple Takes Biggest Hit as Global PC Shipments Fall by 29 Percent in Q1 2023: Report
Global shipments of personal computers (PCs) fell by 29 percent in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple taking the largest hit, market research firm IDC said.
