CHENNAI: Powered by millennial and Gen Z pet owners‘ search for out-of-the-box products and services for their pets, India’s pet care market is all set to jump from $1 billion in 2022 to $2.5 billion by 2025 – a CAGR of more than 15%. Pet care marketers say the focus is moving away from the…
MUMBAI: RBI‘s deputy governor M Rajeshwar Rao cited last week’s global Windows outage to highlight the risks of outsourcing and relying on a single vendor for critical services. He also pulled up lenders for partnering digital platforms that do not provide redressal mechanism. “Last Friday’s (incident) essentially reflects the kind of risks which I’m talking…
MUMBAI: Since finance minister Nirmala Sitharaman‘s fifth Budget on Feb 1, 2023, Indian investors have become richer by a staggering Rs 174 lakh crore – translating to about $2.1 trillion at the current rupee-dollar rate. In the same time, the sensex has risen 31% (nearly 21k points) while Nifty has outperformed its more popular peer…
Income Tax Expectations Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23, 2024 and the Budget is being looked at for relief to salaried, middle class taxpayers and also the common man. What can you expect from the Modi 3.0 government’s Budget 2024? What are the top expectations from…
Economic Survey 2023-24: India, which is currently the world’s fifth largest economy in terms of nominal GDP, is looking to become the third largest in the coming years, and one area that India is looking to benefit is the ‘China Plus One’ strategy. But will India be able to benefit from the China Plus One…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, dropped in opening trade on Monday. While BSE Sensex dipped over 400 points, Nifty50 moved below 24,400. At 9:17 AM, BSE Sensex was trading at 80,190.49, down 414 points or 0.51%. Nifty50 was at 24,393.15, down 138 points or 0.56%.This week the market…
NEW DELHI: Finance minister Nirmala Sitharaman‘s seventh Budget will do a tight rope walk as she looks to strike a balance between the need to spend more on social sector schemes amid calls from allies for additional assistance to states, while seeking to address demands for a reduction in personal income tax and yet ensuring…
MARIGNANE: The production of aviation giant Airbus‘ commercial helicopter, the H125, in India is likely to start in 2026, with the company proceeding to set up a final assembly line (FAL) later this year.Airbus Helicopters’ executive vice president, Olivier Michalon, stated that the company has shortlisted eight locations, and the final decision on the most…
Railway Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23, 2024 and the government is expected to continue with its capital expenditure push for infrastructure, with Indian Railways and the roadways being major beneficiaries. Since 2017, no separate Railway Budget has been presented and FM Sitharaman’s Budget 2024 speech…
MUMBAI: In May 2024, the Employees’ Provident Fund Organisation (EPFO) witnessed a remarkable surge in net member additions, with 19.50 lakh new members joining the organization.This figure represents the highest monthly addition since the inception of payroll data reporting in April 2018. Compared to May 2023, the year-over-year growth in net member additions stands at…
