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Onion wholesellers in Nashik go on indefinite strike to protest export duty hike
The hike in the export duty will make it difficult to export the vegetable and entails huge losses for the farming community, already reeling under a truant monsoon this year.
Not just tomatoes: Wider range of food items drive 7%-plus inflation
This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher.
Govt to sell tomatoes at Rs 40 per kg from Aug 20
NAFED and NCCF have been directed by the consumer affairs department to sell tomatoes at Rs 40 per kg from August 20, in view of continued decline in tomato prices in wholesale and retail markets.
Centre directs NAFED, NCCF to sell tomatoes at Rs 50 per kg
Incidentally, the direction has come on a day when India's retail inflation measured by consumer price index (CPI), saw a huge rise to 7.44 per cent in July owing to hike in food prices, as food inflation also witnessed a massive jump of 11.51 per cent, owing to high prices of commodities like tomatoes, cereals, pulses and milk products.
87% Indian business leaders would let robots make their decisions: Study
According to the study by Oracle and author Seth Stephens-Davidowitz, around 90 per cent of business leaders in India have suffered from decision distress -- regretting, feeling guilty about, or questioning a decision they made in the past year. Nearly 82 per cent admit the sheer volume of data and their lack of trust in data has stopped them from making any decision. The survey polled 14,000 employees and business leaders across 17 countries, including 1,000 in India.
iRobot lays off 10% workforce amid $1.7 bn Amazon acquisition
The company said that to better align its cost structure with near-term revenue, it is in the process of initiating a "restructuring of its operations". "The actions are expected to result in a net reduction of approximately 140 employees, which represents 10 per cent of the company's workforce as of July 2, 2022," it said in its quarterly earnings report.
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