MUMBAI: India’s economic momentum is shifting toward its lower-income or emerging states, which are beginning to accelerate and narrow the gap with their richer peers. This trend of growth convergence marks a departure from the pre-pandemic years between FY13 and FY19, when richer states consistently expanded faster, an HSBC report said. The convergence, which is…
NEW DELHI: The supply-demand and price appreciation for luxury housing in India’s top seven cities has continued to outpace the same for affordable segment, according to property consultant ANAROCK. Luxury homes (costing over Rs 1.5 crore) in Delhi NCR, Mumbai MMR, Kolkata, Pune, Hyderabad and Chennai have risen 40% since 2022, while affordable housing is…
Gold and silver prices rose in the futures trade on Wednesday, tracking firm global cues, as weak US economic data strengthened expectations of an interest rate cut by the Federal Reserve next month.On the Multi Commodity Exchange (MCX), gold futures for December delivery jumped by Rs 475, or 0.38 per cent, to Rs 1,25,700 per…
File photo: Chancellor Rachel Reeves (Picture credit: AP) Millions of low-paid workers in the UK will receive a pay increase from April as the government confirmed new minimum wage rates ahead of Wednesday’s Budget. The hourly rate for over-21s will rise by 50p to £12.71, with 18–20-year-olds seeing an 85p jump to £10.85, and under-18s…
File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) India will begin official negotiations for a Free Trade Agreement with the Russia-led Eurasian Economic Union on Wednesday, commerce and industry minister Piyush Goyal announced in New Delhi. He said the talks with the five-nation grouping — Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday on positive global cues. While Nifty50 was above 26,000, BSE Sensex was up over 350 points. At 9:34 AM, Nifty50 was trading at 26,011.15, up 126 points or 0.49%. BSE Sensex was at…
NEW DELHI: India and Israel will soon begin negotiations for a free trade agreement (FTA), commerce and industry minister Piyush Goyal said on Tuesday and asserted that quick estimates show that merchandise exports have grown in November. “We will shortly be commencing negotiations virtually to begin with and moving into an early stage early harvest…
Jefferies initiated its coverage of LG Electronics India with a buy rating and a target price of Rs 1,900. Analysts said they view LG Electronics India as a strong play on the country’s discretionary spends, given its diversified mix. The company offers strong moats in the form of market leadership in multiple products, premium brand…
NEW DELHI: Tata Motors fired fresh competition in SUV market with launch of Sierra at an aggressive entry price of Rs 11.5 lakh (ex-showroom), aiming to take on Hyundai Creta, Maruti’s Grand Vitara and Mahindra’s Thar and Scorpio-N.The Sierra is an iconic SUV nameplate of nineties that the company has revived almost after 25 years….
MUMBAI: Call it the impact of new age D2C brands bringing about a shift in consumption patterns as they build products to cater to different consumer nuances, or more households going premium helped by rising incomes, global FMCG giants are bringing foreign brands to India. Be it PepsiCo getting its Australian gourmet snacking brand Red…
