'Spending by the middle class is limited with a focus on savings. However, there is buoyancy at the top-end.'
The situation in Manipur and the Delhi services ordinance are set to dominate the Monsoon session of Parliament beginning Thursday with the Opposition gearing up to raise these issues to corner the government.
Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.
The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss.
Popular doesn't always mean best. Here's why.
After a strong show during the September quarter (Q2FY25) and favourable demand conditions, going ahead, the country's largest player in the room air conditioner segment, Voltas is well placed to improve its market share. Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand share in the room AC segment.
A pinch of turmeric in a glass of milk or with honey in hot water would be ideal for the monsoon.
A massive sinkhole appeared on a road near Samadhan Chowk, Pune, and nearly swallowed a truck.
The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.
Weather watchers said it can't be known till May whether El Nio will impact the monsoon or not.
The government on Thursday listed bills on personal data protection, to amend forest conservation laws and on the contentious ordinance on Delhi services for the monsoon session of Parliament beginning next week.
'In Mumbai, isolation is a very different isolation.' 'It's not about actual physical loneliness.' 'It's the loneliness in the company of others, and I felt that that is a very Mumbai thing.' 'You can be travelling in the ladies compartment squashed against everybody's armpits and still be really, really sad and alone.'
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.
The Centre has issued an advisory to states to speed up the preventive vaccination process.
Reserve Bank Governor Shaktikanta Das on Thursday said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. In the inaugural address at FIBAC 2024, the governor said that massive changes are taking shape in various economic sectors and markets, and the country is geared for orbital shifts.
Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervour.
The epitome of comfortable chic, the actress has plenty of style inspiration for you.
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
Senior officials of the India Meteorological Department said they were now more confident that El Nino would indeed appear during the second half of the southwest season, compared to April when the last official forecast was made.
The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21.
The move came days after the Supreme Court vacated the stay imposed by the Punjab and Haryana High Court on the trial in three sacrilege cases.
Dhanatrayodashi is called Dhanteras and its twinkling lights set the mood of India's greatest and most popular festival -- Diwali, the festival of lights.
Light to moderate rain in many areas with heavy rain at isolated places is likely to occur in West Bengal's coastal districts of North 24 Parganas, South 24 Parganas and Purba Medinipur.
When in Landour, discovers Supriya Newar, one of the most important things to do and that too in large measures, is to do nothing at all.
He said scientists have noticed a trend of very deep cloud systems developing over the southeast Arabian Sea, and added that sometimes, these systems intrude into the land, like in 2019.
The women of this village in Nashik still climb into a well to fetch water for their families.
While techniques of handling air turbulence are crucial, a pilot from a major airline said the training provided isn't enough.
Currently, only one cheetah, named Pavan, is roaming free, with officials noting that he is difficult to spot and capture.
'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
The El Nino impact on the Indian monsoon typically manifests by way of extended break in rainfall.
'Future market gains will likely depend primarily on earnings growth.'
Milk supplies could improve with the monsoon, provided the rains are not excessive.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
Increased production of pulses, oilseeds, and cereals will help boost domestic supplies and contribute to keeping inflation low in the coming months.
El Nino, an anomalous rise in sea surface temperature off the Peru coast, has been observed to often cause the Indian monsoon to flounder, resulting in poor rainfall. Nearly 60 per cent of agricultural land is wholly rain-dependent.
Read on to find out about the other destination trending this season.
Though early days, meteorologists point towards a neutral La Nina during the initial phase of the four-month monsoon season this year that starts from June. If this holds true, by the time the rains hit the mainland, it could mean there would be one less reason to worry about the prospects of the monsoon this year. Weathermen said making any accurate prediction of how El Nino will behave and what impact it can have on the progress and distribution of rains is difficult to say at this point. A clear picture will emerge around late May or early June.
The meeting of the Joint Committee on Waqf (Amendment) Bill took an ugly turn as the Trinamool Congress MP smashed a glass water bottle and threw it towards panel chairman Jagdambika Pal of the Bharatiya Janata Party during a heated exchange of words with BJP's Abhijit Gangopadhyay, a former Calcutta high court judge.
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