Basmati export price may surge as Iran likely to resume imports

India hopes to increase basmati rice exports to Iran as the Persian nation is expected to resume granting of import permits soon after a gap of more than six months.
A delegation of Indian basmati rice exporters, along with officials of the Agricultural and Processed Food Products Export Development Authority (APEDA), is expected to visit Iran, which was the largest buyer of the Indian aromatic rice in 2012-13 and 2013-14.

Exide invests Rs 420 crore

Kolkata-headquartered leading battery maker Exide Industries will now shell out Rs 420 crore afresh over a period of 18 months (starting from next April) to start manufacturing batteries for motorcycles and start a smelting unit, said company's managing director and CEO Gautam Chatterjee . He said the company would be investing nearly Rs 300 crore in the proposed two-wheeler battery unit and another Rs 120 crore in the smelting unit.

DeMo plays mixed bag for auto sector sales

Demonetisation has hit car sales of big players such as Maruti, Hyundai, Mahindra and Ford, while others such as Toyota, Renault, Tata Motors, Volkswagen, and Nissan reported good sales during December in Asia’s third biggest car market. Auto honchos and analysts say post demonetisation, it would take about two to three months for customer demand to return to normal.

Do You Have A Social Face For Business?

Internet has impacted businesses in more ways than we had imagined since its introduction and proliferation. Businesses were able to put up a virtual infrastructure and a face for the world to see. Borders were truly a history in no time. Reaching out and “meeting”: prospects and customers are almost on real time. With it came other issues too: security, hacking, phishing and other new words to dictionary.

Kawasaki’s new bikes

Japanese motorcycle giant Kawasaki has launched its two dirt bikes or motocross to expand its off-road motorcycle portfolio in Asia’s third biggest economy.
The company has introduced the new KX100 and KX250 motorcycles with a respective price band of Rs 4.69 lakh and Rs 7.14 lakh at New Delhi showroom.
“These are imported from its factory in Japan and they are USA specification models,” a company official told Financial Chronicle.