Wednesday, April 02
India is set to allow exports of 1 million metric tons of sugar during the current season, government and industry sources said, to help mills export surplus stocks from the world's second biggest producer of the sweetener and help prop up local prices. The permission to let mills sell 1 million tons of sugar on the world market could put further downward pressure on global sugar prices . The government is expected to soon issue an official order allowing exports of 1 million tons of sugar, said the sources who did not wish to be named as they were not authorised to speak to the media. The decision to allow exports, which had been speculated for the past few weeks, comes as a surprise to a section of traders, as this year's production is expected to fall below consumption for the first tim
A recent survey by the Confederation of Indian Industry (CII) has revealed an optimistic outlook for the Indian economy, with 75% of companies believing that the current environment is conducive for private investments. This positive sentiment is further bolstered by the fact that 70% of firms surveyed plan to invest in FY'26, potentially leading to an uptick in private investments over the next few quarters."Given that 70 per cent of the firms surveyed said that they would invest in FY'26, an uptick in private investments might be on the cards over the next few quarters", said Chandrajit Banerjee, Director General, CII.The CII survey conducted over the past 30 days, suggests that 75% of the respondents believe that the current economic environment is conducive to private investments despi
Dara Khosrowshahi, Uber's CEO, will soon be making his way to Washington, where the company is planning to host its first-ever inauguration party on Sunday, along with the social platform X and The Free Press. Days later, Khosrowshahi is expected to travel to Davos, Switzerland, for the 54th World Economic Forum -- an event that has, in recent years, been a platform for making exactly the kinds of corporate promises that President-elect Donald Trump has railed against, including commitments to environmental, social and governance (ESG), diversity, equity and inclusion (DEI) and globalism. Khosrowshahi's itinerary symbolizes a stark shift in corporate America. While many CEOs once distanced themselves from Trump, they are now embracing him. And after years of trumpeting a softer form of cap
