The Ministry of Consumer Affairs, Food & Public Distribution said the sowing of onion crops is estimated to rise 27 per cent in the kharif (summer-sown) season The government on Friday said the availability of onion in the domestic market is comfortable and retail prices are stabilising. As reported by PTI, in a statement, the […]
A state-run tea board stated on Friday that India has recorded its lowest level of tea production in May, the lowest in more than a decade. The production has noted a downfall of more than 30 per cent from a year earlier to 90.92 million kilogrammes, news agency Reuters reported. The board, disheartened, attributed the […]
Retail prices of tomatoes among local vendors rise to Rs 70-80 per kilogram due to low supply Tomato prices have surged to Rs 80 per kg in some retail markets, up from Rs 35 a month ago, due to heavy rains in Himachal Pradesh damaging the road network and reducing supplies to major consumption centres. […]
A surge in digital ordering and expanding customer base to propel the market to Rs 2.12 trillion, claims Bain & Company and Swiggy report India’s online food delivery market is on track to reach an impressive Rs 2.12 trillion by 2030, securing a 20 per cent share in the broader food services market, according to […]
Passenger vehicle sales in June dropped to 2,81,566 units, the lowest since September 2022, according to data from the Federation of Automobile Dealers Association Retail sales of cars in India fell by 6.8 per cent in June, marking its worst decline in almost two and half years, a dealers’ body said as reported by Reuters, […]
NSE data points out that the domestic institutional investors (DIIs) made net purchases exceeding Rs 28,633 crore last month The Indian stock market is continuously getting robust support from domestic investors as it sustains the bull run for the past month, highlighted the National Stock Exchange (NSE) data. The NSE data pointed out that the […]
Operating margins for FMCG companies are projected to expand by 50-75 basis points to reach 20-21 per cent India’s fast-moving consumer goods (FMCG) sector is expected to experience revenue growth of 7 to 9 per cent in the fiscal year 2024, driven by increased sales volumes and a resurgence in rural markets, according to a […]
Seven states, including Maharashtra, Karnataka, Telangana, Haryana and New Delhi, have allowed shops and establishments to operate 24 hours a day Seven states, including Maharashtra, Karnataka, Telangana, Haryana and New Delhi, have allowed shops and establishments to operate 24 hours a day. This move has led to a surge in consumer spending, particularly during late-night […]
LSEG-Ipsos PCSI surveyed more than 21,000 adults under the age of 75 from 29 countries between 24 May and 7 June 2024 Consumer sentiment has weakened and dipped by 2.6 per cent in June 2024, though notably, India continues to lead with the highest national index score across all 29 markets polled, according to the […]
Individual investors contribute 88 per cent towards equity-oriented schemes, yet only 59 per cent of their equity investments are held for more than 24 months There has been a steady increase in the number of mutual fund investor accounts, with assets under management from individual investors rising to Rs 34.5 lakh crore. Individual investors contribute […]
