On the flipside, since 60-70 per cent of the costs pertain to raw material, which are mostly imported, currency fluctuation is a key risk for the segment.
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.
Captain Rohit has been 'absolutely phenomenal': Bumrah
Ever a picture of golden elegance and age defying splendour, her fashion evolution spanning over half a century is telling of her gift to stay gorgeous day in and day out.
Treat yourself to two of Chef Satish Arora's signature five-star dishes.
Pick your Indian team for the final ODI against Australia in Canberra on December 2.
Companies like Flipkart, Amazon and Meesho as well as quick commerce ones like Blinkit, Zepto and Swiggy Instamart may create hundreds of thousands of seasonal jobs for the coming festival season.
Sukanya Verma remembers some of his greatest solo numbers in our fondly curated playlist.
'The demand for international fashion labels, particularly from tier-II cities and beyond, has seen a notable uptick.'
The collective wealth of the 100 richest went past $1 trillion for the first time.
Scores of new airports have been built around the country but many are yet to open because airlines do not see sufficient demand as ticket prices are too high for the majority Indians
The global billionaires list witnessed as many as 94 new entrants from India, stated a report by Hurun India on Tuesday. Following a net addition of 84, the country's billionaire tally touched 271 with their combined wealth at $1 trillion, noted the report. Mukesh Ambani, chairman & managing director of Reliance Industries, is the only Indian to make it into the top 10 of the Hurun Global Rich List 2024, a ranking of billionaires in US dollar terms.
From surprise weddings to intimate ceremonies amid the coronavirus pandemic, these cricketers said 'I do' in 2021.
Former World Rapid Chess champion Koneru Humpy wants the All India Chess Federation to increase women's tournaments.
Ambati Rayudu was the star performer for Chennai Super Kings as his quickfire half-century helped outclass defending champions Mumbai Indians.
Controversial MP and Bharatiya Janata Party leader Sakshi Maharaj stirred a fresh controversy by holding Muslims responsible for population boom at a public event in Meerut on Friday.
PHOTOS from Day 1 of the third and final Test between England and the West Indies at Edgbaston on Friday.
Toyota Kirloskar Motor (TKM) has reported a consolidated net profit of Rs 4,787 crore for 2023-24 (FY24) - more than three times the earnings recorded the previous year. This growth can be attributed to robust demand for its vehicles, particularly hybrid models and cross-badged cars from the Toyota-Suzuki alliance.
Indian shuttlers Satwiksairaj Rankireddy and Chirag Shetty's dreams of securing a maiden Olympics medal came crashing down after a heartbreaking three-game loss to Malaysia's Aaron Chia and Soh Wooi Yik in the men's doubles quarter-finals in Paris on Thursday.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
Bengaluru-based United Breweries (UBL), makers of Kingfisher beer, is eying strong growth in the premium beer segment, driven by changing consumer preferences towards premiumisation. "Across categories, premiumisation is taking place as people are looking for better choices and beer is no different. "People are upgrading to better beer and newer brands. We have a good offering of premium brands - Kingfisher's premium variants are Ultra and Ultra Max," Vikram Bahl, chief marketing officer (CMO), UBL, said in an interview.
Gukesh, Praggnanandhaa, Erigaisi and Vaishali have trained at the Westbridge Anand Chess Academy (WACA) that the bespectacled chess wizard set up four years ago in Chennai. The 18-year-old Gukesh and the 19-year-old Praggnanandhaa have often stated that they would not be where they are without "Vishy sir".
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
The 20-year-old will need all of his weapons on Friday if he is to stand a chance in his first meeting with Djokovic.
'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'
Just over a three-hour flight from Delhi, Kazakhstan, Uzbekistan, Azerbaijan and Georgia have seen a big jump in visitors.
None of Amjad Khan's subsequent roles could outshine Sholay. He had begun his career at the top and had no higher peaks left to conquer. Dinesh Raheja salutes the iconic actor on his 80th birth anniversary.
Ninth seed Jo-Wilfried Tsonga of France could find no solution to the problem of Ivo Karlovic's massive serve as the Croatian ran out a 7-6 6-7 7-5 7-6 victory in their third-round clash at Wimbledon on Friday.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
When the recession ends, a new crop of billionaires will be unleashed on the world economy.
Once we break free of the idea that land is scarce, real estate is just a pile of bricks, steel, and glass. Any price surge will kick off a supply response, which kills off the possibility of sustained price appreciation, points out Ajay Shah.
'To everyone voting for Trump, I have only this simple question: Would you let him have lunch with your daughter or sister or wife or mother?' 'Then why would you let him have our lunch (and so much more) for four more years?', asks Sree Sreenivasan.
The next great mega-litigation could rival the $12 billion spent cleaning up Enron.
India's exports are becoming less vulnerable to changes in world demand and exchange rates, according to a publication titled 'Re-examining Narratives: A Collection of Essays', penned by chief economic advisor (CEA) V Anantha Nageswaran and his team. The publication pointed out that this conclusion has been drawn from the fact that there has been a decrease in the income elasticity of exports to 3.44 during 2009-2022, from 5.67 during 1991-2008, and in the inverse price elasticity of exports to 0.4 from 2.7. While a decline in elasticities is favourable in the presence of downside risks such as a decline in global demand and an appreciation of exchange rates, it may not be beneficial during boom periods.
'Many do not have robust business models, and their prospects of survival and long-term growth are poor.'
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