Finance Minister Nirmala Sitharaman is preparing to present her sixth consecutive budget on 1 February. The budget’s focus is expected to be on putting more money in the hands of the people, with probable tweaks to tax slabs or an increase in basic deductions as possible avenues for achieving this goal. Another recommendation is to increase finances for the […]
As the majority of Indian micro, small and medium enterprises (MSMEs) continue to face debt and delayed payments, about 90 per cent are confident about India’s economy In 2024, according to a study by NeoGrowth, an MSME-focused non-banking financial company (NBFC). The MSME business confidence Study revealed that about 91 per cent of MSMEs expect […]
The rating agency Icra expects the rental income for mall operators to increase by nine to ten per cent year-on-year (YoY) growth in FY2024 and eight to nine per cent in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations. In H1 FY2024, the rental income for Icra’s sample set1 […]
Consumer demand for refurbished and pre-owned items in the United Kingdom and across Europe has generated a billion pound (USD 1.3 billion) industry for Amazon, according to its UK CEO. Many merchants and manufacturers expect that tendency to continue as consumers seek to save money and purchase more sustainably in response to rising pricing and […]
Adani Wilmar delivered a strong quarter with volume growth of 18 per cent YoY in H1’24 and 11 per cent YoY in Q2’24. The robust growth was supported by gradual improvement in consumer demand, lower edible oil prices, execution in GTM and efficient supply chain. The branded sales in both edible oil and foods grew […]
Apple’s latest flagship, the iPhone 15, is experiencing lackluster sales in China, raising concerns for the tech giant in one of the world’s most critical markets. Market analysis from Counterpoint Research has revealed a 4.5 per cent drop in sales compared to its predecessor, the iPhone 14, during the first 17 days after its release. […]
PepsiCo Inc (PEP.O) said on Tuesday its intention to implement “modest” price increases next year, despite several prior hikes. The snacks and beverages giant, home to brands like Mirinda and Gatorade, raised its 2023 profit forecast for the third consecutive time as demand remained resilient. PepsiCo’s move amidst growing concerns that frequent price hikes could […]
Transport Corporation of India (TCI), an integrated supply chain and logistics solutions provider on Monday reported a 5.9 per cent year-on-year (YoY) growth in its consolidated net profit at Rs. 832 million for the first quarter of the financial year 2024, compared to Rs 786 million in Q1FY23. The company’s consolidated revenue from operations […]
