Atul Chaturvedi, the Chairman of Renuka Sugar revealed that the anticipated sugar production for the country is likely to surpass 32.0 million tons, a figure higher than earlier projections. Sugar prices to hold firm amidst surge in production during off-peak season This comes amidst stable domestic sugar prices and anticipation of government intervention to maintain […]
The cement industry is bracing for a decline in demand during the fourth quarter of the fiscal year, compared to the same period last year. Several factors including a slowdown in construction activities, extended winter conditions, and uncertainty surrounding upcoming elections are anticipated to contribute to this downturn. Market analysts have projected a decrease in […]
The Union Minister, Piyush Goyal, has affirmed the government’s commitment to preventing price spikes in essential food items, such as onions, tomatoes, and pulses, especially during elections. Goyal, who heads the Food and Consumer Affairs Ministry, emphasised the Modi government’s successful track record in swiftly controlling rates after temporary increases. In an interview with PTI, […]
The Household Consumption Expenditure Survey reveals a shift in spending patterns among Indians, with a decrease in expenditure on essential staples like rice and wheat and an increase in discretionary items such as processed foods, along with durable goods like televisions and refrigerators. According to the data, average rural consumer spending has surged to Rs […]
Fast-moving consumer goods (FMCG) businesses have reported single-digit volume growth with improved margins in most divisions during the December quarter, boosted by dipped commodity inflation, yet the operational environment remained tough. Some firms also reported a drop in topline numbers as they passed on the advantages of decreased commodity costs to consumers, affecting their gross […]
In a significant development, state-run oil companies in India are reportedly considering a reduction in the prices of petrol and diesel next month, following their anticipated record-breaking net profits in the third quarter. Reports indicate that the combined net profits of the three oil marketing companies (OMCs) could surpass a staggering Rs 75,000 crore, prompting […]
The government is concerned about reduced rabi crop sowing potentially leading to heightened inflation prior to the 2024 general elections, especially with significant price hikes in cereals and pulses. As the rabi sowing nears completion, data from the agriculture ministry indicates a decrease in the area under wheat by 4 per cent, rice by 2 […]
