In October 2024, India’s retail inflation rose to 6.2%, the highest in 14 months, up from 5.5% in September. Onion and tomato prices, which are major components of a typical thali, surged by 46% and 51%, respectively, due to poor harvests caused by heavy rainfall in key growing regions, as per the CRISIL MI&A Research …
In recent weeks, financial markets have shown significant volatility. The equity market has witnessed a decline, with indices dropping sharply. The benchmark index fell to 23,535.40, marking a 6.34% drop over the past month. Similarly, another key index declined by 5.37%, reaching 77,573.12. Despite these downturns, investor sentiment appears more resilient compared to previous periods …
India’s retail inflation rose to 6.2% in October, the highest in 14 months, up from 5.5% in September. This spike has been primarily driven by a sharp increase in food inflation, particularly in vegetable prices, which push overall inflation upward. Key Drivers of Inflation in October Food inflation reached double digits in October, hitting 10.9% …
In Q3 2024 (per the US financial calendar), India secured its position as a dominant player in the global IPO landscape, achieving a 36% share of all global listings. This impressive feat outpaced even the United States, which accounted for just 13%. India recorded its highest quarterly listings in the last two decades with record-breaking …
India’s Gen Z, an estimated 37.7 crore strong, is reshaping the country’s consumer market. This tech-savvy, trend-driven generation is set to become a major economic force, influencing up to 43% of household consumption. With many entering the workforce, their impact on spending patterns is undeniable. Gen Z currently contributes $860 billion to the economy, with …
India possesses a significant amount of coal reserves, having 5th rank across the world. India is the 2nd largest consumer of coal globally, driven by its rapidly growing economy. However, the country faces a critical shortfall in domestic reserves for specific types of coal, notably coking coal and high-grade thermal coal, which are vital for …
As the United States gears up for its 2024 presidential election, global markets including India’s equity market, are closely watching the developments across the Atlantic. Donald Trump and Kamala Harris, are both campaigning heavily for the scheduled November 5, 2024 Presidential election voting. The US elections not only shape domestic policies but also have far-reaching …
The Indian government has shifted its target for 20% ethanol blending in petrol from 2030 to 2025, which shows the country’s commitment to sustainable energy. This ambitious goal, announced during the 7th G-STIC Delhi Conference, reflects the nation’s progress in ethanol production and its broader vision for a greener energy future. The government has executed …
A parliamentary panel inquiry into SEBI Chairperson Madhabi Puri Buch has been postponed after she informed the Public Accounts Committee (PAC) that she couldn’t attend due to “personal reasons.” SEBI officials are being questioned regarding the regulator’s performance following serious allegations from Hindenburg Research, a US-based firm. The meeting, scheduled for October 24, Thursday at …
The Insurance Regulatory Development Authority of India (IRDAI) has recently expressed concerns over high commission payouts to motor insurance service providers (MISPs) during a meeting with leading executives from non-life insurance companies. The Insurance Regulatory and Development Authority of India (Irdai) revealed that commissions for new private car insurance policies ranged from 25% to 57%. …
