India's Consumer Price Index (CPI) inflation is expected to moderate to 5 per cent in December 2024 from 5.5 per cent in November, according to a report by Bank of Baroda.
As the poverty rates in the country declined below 5 per cent in 2024, a research study by State Bank of India (SBI) also highlighted that the extreme poverty in the country has reduced to minimal.
As per the amendments, the 5 per cent weightage for socio-economic criteria previously provided to bona fide residents of Haryana has been removed. This change aligns with the directions issued by the Punjab and Haryana High Court.
This will surpass the growth anticipated for renewable energy sources themselves. The country's energy storage landscape is evolving rapidly, with the proportion of RE projects incorporating storage solutions increasing significantly, from 5 per cent in FY20 to 23 per cent in FY24.
The increase in HNI wealth has outpaced the growth in their numbers, indicating a rise in wealth per individual. Asia and the Middle East have emerged as leaders in HNI wealth growth, with a long-term growth rate of 8 per cent. This is higher than the rates in North America and Europe, which
The auto component aftermarket grew by 5 per cent due to increase in used vehicle parc and formalization of the repair and maintenance market, according to the findings of Automotive Component Manufacturers Association of India (ACMA).
India's consumer price inflation (CPI) is expected to remain above 5 per cent for the rest of 2024, according to a recent report by the State Bank of India (SBI).
Nifty earnings are expected to witness a modest growth of 5 per cent in FY25, marking the first year of single-digit growth in the past five years, according to a report by Motilal Oswal.
"The Government of India has provided substantial support to the EV sector by levying only 5 per cent GST on electric vehicles, making them more affordable compared to the 28 per cent GST on petrol and diesel vehicles. However, the 18 per cent GST on batteries and charging infrastructure
Kumar Rajagopalan, CEO of RAI, pointed out that consumer behaviour is evolving and said, "September's retail performance highlights that consumers are spending selectively. As we approach the festive season, this behaviour presents an opportunity for retailers to align their strategies with
The two-day Offer for Sale (OFS) by Cochin Shipyard Limited (CSL) to divest 5 per cent stake saw strong interest from retail investors, according to an official statement by the Department of Investment and Public Asset Management (DIPAM).