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India’s Spices Board has made testing for ethylene oxide (ETO) mandatory for all spices being exported to Hong Kong and Singapore, where authorities last month stopped sales of some products of two Indian spice brands on the ground that they contained high levels of ETO, a carcinogen. Testing has been made mandatory from May 6.

India Diamond Industry: Indias diamond industry, heavily impacted by G7 sanctions on Russia, has received support from the African Diamond Producers Association (ADPA), which opposes the G7 diamond protocol. The G7 countries aim to prevent the entry of Russian diamonds into their markets. ADPA has expressed its discontent at not being included in the G7 discussions and rejected the protocol. The G7 block plans to ban the import of diamonds mined in Russia, including those cut and polished in oth...

In 2022-23, Indias merchandise exports to the UK were valued at USD 11.41 billion and out of this, USD 6 billion worth of goods such as petroleum products, medicines, diamonds, machine parts, airplanes, and wooden furniture entered Britain at zero levy, it said.

India is set to make it mandatory for drugmakers to audit their raw material suppliers at least once a year, following concerns over the safety of its pharmaceutical industry. This comes after India-made cough syrups were linked to the deaths of 141 children worldwide. The move aims to reassure buyers and build trust in the industry.

Pure Play Brands: In comparison, Chinas BPC will grow 7% while Indonesias market will expand 8%. India, that will account for nearly 5% of the global growth opportunity has per capita spends of $14 in BPC category compared with US which has the highest spends at $313 and China that spends $38 on a per capita basis.

An analysis of jute companies rated by CRISIL Ratings, accounting for 30% of the sector’s revenue, indicates as much.Exports, which form a third of the sector’s revenue of Rs 12,000 crore, are seen 15% lower this fiscal, after falling 8% last fiscal as overseas channel partners continue to destock amid slowdown worries in the US and Europe (key markets accounting for over 60% of the total exports from India).

Consumer Goods: CEOs from leading FMCG companies told TOI they expect the emergence of nuclear families to boost demand for products and also push sales of premium categories like liquid detergents.

Aspartame Carcinogen: Reports say the World Health Organization is set to classify aspartame as a possible carcinogen. Indias FSSAI, which initially banned a natural alternative sugar, stevia in 2011, reversed the order later and gave it its nod. It now says that India may not necessarily follow the Wests path on aspartame, as India is currently in a powerful situation.

India Manufacturing PMI: New orders and output rose sharply despite the sub-indexes easing moderately from May, driven by both domestic and international demand. The S&P Global Manufacturing Purchasing Managers Index fell to 57.8 in June from Mays 58.7. That marked two years of the index being above the 50-mark separating expansion from contraction.

Nykaa: India is experiencing a surge in global beauty brands targeting the country, thanks to its growing population of young people with increasing disposable income. As Chinas biggest beauty market is affected by economic headwinds, companies are beginning to turn their focus to India, which is projected to reach $17.4 bn in the beauty industry by 2025. Brands are embarking on a retail expansion push, and global funds are seeking opportunities to invest in beauty start-ups.