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Premiumisation Strategies Stay Strong Despite Inflationary Pressures in Indian Consumer Market

Premiumisation Strategies Stay Strong Despite Inflationary Pressures in Indian Consumer Market

10 Nov 2024 16:57 PM IST

Amid persistent inflation and sluggish demand, leading Fast-Moving Consumer Goods (FMCG) and retail companies in India are intensifying their focus on premiumization. Industry leaders are adapting strategies to cater to a growing segment of discerning consumers, refining their premium offerings with competitive pricing and enhanced packaging. Despite inflationary challenges, firms
Retail Inflation Likely to Breach 6% in October: UBI Report

Retail Inflation Likely to Breach 6% in October: UBI Report

10 Nov 2024 16:04 PM IST

Retail inflation in India is expected to surpass the Reserve Bank of India’s (RBI) upper tolerance band of 6% in October, according to a recent report by Union Bank of India (UBI). The report cites continued escalation in food prices and the waning impact of the high base effect as
Government Earns Rs 2,364 Crore from Scrap Sales in Three Years Under DPIIT

Government Earns Rs 2,364 Crore from Scrap Sales in Three Years Under DPIIT

10 Nov 2024 15:54 PM IST

In a notable achievement for efficiency and sustainability, the Government of India has earned Rs 2,364 crore over the past three years through the sale of scrap materials from various government offices. Prime Minister Narendra Modi commended the Department for Promotion of Industry and Internal Trade (DPIIT) for its success,
Trump Presidency Anticipated to Boost India and Asian Economies Amid US-China Tensions

Trump Presidency Anticipated to Boost India and Asian Economies Amid US-China Tensions

10 Nov 2024 15:45 PM IST

Moody’s Ratings projects that Donald Trump’s return to the US presidency could benefit India and other Asian economies, particularly due to rising US-China tensions and anticipated investment restrictions in strategic sectors. Moody’s report suggests that in the Asia-Pacific region, trade and investment may shift further away from China as the
Nirmala Sitharaman’s Vision For MSME Growth: Rs 1.54 Lakh Crore Credit And New SIDBI Branches For Entrepreneurs

Nirmala Sitharaman’s Vision For MSME Growth: Rs 1.54 Lakh Crore Credit And New SIDBI Branches For Entrepreneurs

10 Nov 2024 13:53 PM IST

Union Finance Minister Nirmala Sitharaman on Saturday inaugurated the National MSME Cluster Outreach Programme, an initiative designed to enhance access to financial services for Micro, Small, and Medium Enterprises (MSMEs) across India. The program was organized jointly by the Department of Financial Services (DFS), the Ministry of Finance, and the
Onion Prices Soar, Impacting Household Budgets Nationwide

Onion Prices Soar, Impacting Household Budgets Nationwide

09 Nov 2024 13:20 PM IST

The recent surge in onion prices has left consumers across several cities grappling with higher expenses, with wholesale rates climbing steeply from Rs 40-60 per kilogram to Rs 70-80 per kilogram. The increased cost has many citizens concerned, especially in places like Delhi and Mumbai. Rising Costs at the Wholesale
2025 Public Holidays Announced: Check Out the Complete List Here!

2025 Public Holidays Announced: Check Out the Complete List Here!

09 Nov 2024 11:05 AM IST

The central government has released the holiday calendar for central employees for the year 2025. The list includes two types of holidays: Gazetted (Compulsory) Holidays and Restricted (Optional) Holidays. Gazetted Holidays (Compulsory): Gazetted holidays are those that are mandatory across all government offices. These include major national days and religious
Swiggy’s $1.4 Billion IPO Fully Sold, Institutional Portion Overwhelmingly Demanded

Swiggy’s $1.4 Billion IPO Fully Sold, Institutional Portion Overwhelmingly Demanded

08 Nov 2024 18:18 PM IST

Food and grocery delivery giant Swiggy’s initial public offering (IPO) worth $1.4 billion has been fully subscribed as of Friday, marking a significant milestone in India’s second-largest share sale of the year. Institutional investors showed strong demand, with the portion allocated to them being oversubscribed by 131%. Meanwhile, the retail
This Former TV Star Left Acting To Build Rs. 1300 Cr Beauty Empire, Rivals Nykaa & Sugar

This Former TV Star Left Acting To Build Rs. 1300 Cr Beauty Empire, Rivals Nykaa & Sugar

08 Nov 2024 18:09 PM IST

Acting has long been a lucrative career, offering fame, glamour, and significant earnings, especially in India, where the entertainment industry is vast. Many of the country’s top actors have amassed substantial wealth. While TV was once considered a lesser platform, it has recently caught up in terms of fame and
SBI Reports 28% Jump in Net Profit for July-September Quarter

SBI Reports 28% Jump in Net Profit for July-September Quarter

08 Nov 2024 15:48 PM IST

State Bank of India (SBI) announced on Friday a significant rise in net profits for the July-September quarter, with profit after tax surging by 27.92% to reach ₹18,331 crore. Over the combined period of April to September, the bank’s net profit rose by 13.30%, totaling ₹36,367 crore. Steady Increase in
Gold Attracts Strong Investment Inflows Across Asia: China and India Lead the Surge

Gold Attracts Strong Investment Inflows Across Asia: China and India Lead the Surge

08 Nov 2024 14:14 PM IST

Global gold exchange-traded funds (ETFs) have recorded positive demand for the first time in 2024, with year-to-date inflows totaling 18 tonnes, as reported by the World Gold Council. Asia has been a major driver of this trend, leading to a substantial 33% rise in assets under management (AUM) and an
Rupee Hits Record Low of 84.37 Against US Dollar Amid Global Market Shifts

Rupee Hits Record Low of 84.37 Against US Dollar Amid Global Market Shifts

08 Nov 2024 13:57 PM IST

On Friday, the Indian rupee dropped by 5 paise, hitting a historic low of 84.37 against the US dollar in early trading, impacted by ongoing foreign fund withdrawals and a sluggish trend in domestic equities. Forex experts noted that recent rate cuts by the US Federal Reserve indicate a shift
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