The rating agency Icra estimated pan-India premium hotel occupancy at 70 to 72 per cent in FY2024, after recovering to 68 to 70 per cent in FY2023. Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to 6,200 in FY2024. While the occupancy is expected to be at decadal highs, […]
Godrej Agrovet was allotted about 47,000 acres of land in Sangareddy district in Telangana for oil palm plantation, the company said in a release on Tuesday. Allocated by Telangana’s Department of Agriculture and Cooperation (Horticulture and Sericulture), the allotted area will be utilized by the company to expand the cultivation of oil palm and set […]
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs under Ministry of Finance in its monthly review report. According to the provisional estimates released […]
The commerce ministry and external affairs ministry should work together to achieve India’s export targets, said Prafulla Chandra Mishra, Statistical Advisor, Directorate General of Foreign Trade under the Ministry of Commerce and Industry on Wednesday While speaking at an event of PHD Chamber, he said that PM Modi has proposed a 3T strategy focusing on […]
While the falling economy continues to be one of the main issues for China and now its extreme weather conditions may open the gate of the food security crisis, Federico Giuliani wrote in InsideOver. China’s Meteorological Administration had predicted that the deadly El Nino is gripping it in the coming weeks and months will lead […]
India’s current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports. India’s CAD decreased to USD 1.3 billion (0.2 per cent of GDP) during the quarter from USD 16.8 billion (2.0 per cent of GDP) in the October-December […]
Reliance Industries is India’s most valuable company and is also the highest taxpayer and most profitable company, according to ‘2022 Burgundy Private Hurun India 500’ list. Burgundy Private, Axis Bank’s Private Banking Business and Hurun India have released the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list, which ranks […]
When the International Monetary Fund (IMF) called the Indian economy a “bright spot” in an otherwise dark immediate future for the world economy, it was met with cautious optimism by the decision-makers in India. The truth is that PM Modi and his team had hunkered down in the immediate aftermath of the headwinds of the […]
As the rest of the world teeters on the brink of recession, the last thing Western policymakers want is for China, the biggest driver of global economic growth since the 2008 financial crisis, to have a lopsided recovery. But that is what is unfolding, DW reported. China’s imports contracted sharply in April by 7.9 per […]
