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Festive consumption growth halved in 2024 as urban demand slacks, notes Nomura

Nomura reports festive consumption growth has dropped to 15% this year. Analysts observed slower gr…

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1 min read

Construction and agriculture drag India Inc's Q2 revenue growth to 5-7%, says Crisil report

According to the market intelligence firm, revenue growth for the three months ending in September …

ANI   


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Consumer staples volume will grow in the coming quarters, notes Motilal Oswal report

A marked growth is visible in the consumer staple segment, and the trajectory in volume improvement…

ANI   


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3 mins read

India’s economic growth expectedly slows to 6.7% in Q1 — lowest in the last five quarters

India's GDP growth slowed to a 15-month low of 6.7% in the first quarter of FY 2024-25 due to weake…

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3 mins read

ICRA forecasts slowdown in India's economy: GDP growth expected to hit six-quarter low in Q1 FY2025

In a rather dampened forecast for the Indian economy, ICRA has forecast a sharp slowdown in India's…

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Hindustan Unilever shares tumble over 6% post Q2 results

Shares of FMCG major Hindustan Unilever Ltd (HUL) on Thursday tumbled over 6% after the firm report…

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Ford's stock drops 6% in after-hours trading after releasing third-quarter earnings

"Clearly, our strategic advantages are not falling to the bottom-line the way they should," Ford's …

Shubhangi Goel   


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Indian Energy Exchange records 24% growth in September 2024

Indian Energy Exchange (IEX), India's leading electricity exchange, experienced significant growth …

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Adani to supply clean energy for Google's cloud operations in India

Gautam Adani's group is set to supply 61.4 MW of clean energy from its Khavda renewable energy park…

PTI   


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Housing sales rise 5% to 87,108 units across the top eight cities in Jul-Sep

Housing sales rose 5% annually during July-September to 87,108 units in eight major cities as deman…

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3 mins read

Ambuja Cements Q1FY25 profit at Rs 789.63 crore; revenue at Rs 8,311.48 crore

The consolidated results of Ambuja Cements include the financial performance of its step-down firm …

PTI   


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Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…

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Luxury carmakers Mercedes, Audi, BMW expect robust sales this festive season

The luxury car market in India currently remains very small accounting for less than 2% of the over…

PTI   


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India Inc marks slowest quarterly revenue growth in January-March 2024: Crisil

Corporates in India have likely logged a 4-6 per cent revenue growth in the January-March quarter, …

ANI   


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Sale of residential units up by 17% YoY, significant growth in luxury housing sales: JLL report

The sale of residential units in India surged by 17 per cent year-on-year (Y-o-Y) during the first …

ANI   


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Goldman Sachs raises China growth outlook on optimism over Beijing's fresh push to revive struggling economy

Goldman Sachs analysts upgraded their growth forecast on China from 4.7% to 4.9% for this year, clo…

Kelly Cloonan   


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4 mins read

India's PC market grows by 2.6% in Q1 2024, recording third consecutive quarter with growth

The Indian PC market, which includes desktops, notebooks and workstations reported a modest growth …

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2 mins read

India's electronics manufacturing projected to double in next five years: ICICI Direct

The first quarter earnings season in the Indian stock market is almost over, with most major listed…

ANI   


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Global M&A transaction value rises in first half of 2024 despite fewer deals: S&P Report

Global mergers and acquisitions (M&A) have seen a notable increase in total transaction value durin…

ANI   


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India's FY24 third quarter GDP growth seen at 6%: ICRA

Credit rating agency ICRA on Wednesday said India's Gross Domestic Product (GDP) would grow at 6 pe…