Finance Minister Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue.
India will make a significant strides in the global trade over the next five years, contributing about 6 per cent in the world's trade growth, just behind China at 12 per cent and the United States at 10 per cent, a joint report by DHL and the New York University Stern School of Business.
If Blinkit were to introduce a program similar to Zepto's Super-Saver, it could push its Average Order Value (AOV) up to Rs1,200, but its EBITDA margins would drop to 3.5 per cent from the current 6 per cent.
India's fast-moving consumer goods (FMCG) sector should see revenue rebound 100 to 200 basis points to 6-8 per cent in the next fiscal year 2025-26, compared with a more modest 5-6 per cent expected rise in the current financial year 2024-25, Crisil Rating said Wednesday in a report.
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
Indian IT services companies will witness a moderate 4-6 per cent revenue expansion in USD terms in Financial Year 2026 (FY26), the ICRA said in its projection on Wednesday.
The cost of a home-cooked vegetarian thali declined by 1 per cent year-on-year (YoY) in February, while the price of a non-vegetarian thali increased by around 6 per cent, according to a report by Crisil.
According to the World Health Organisation, around 3.9 per cent of the global population has had post-traumatic stress disorder (PTSD) at some point in their lives. That figure is greater in the United States, at over 6 per cent.
India's banking sector saw a mixed performance in the third quarter, with net interest income (NII) growing 6 per cent year-on-year (YoY), core pre-provision operating profit (PPOP) rising 13 per cent, and adjusted profit after tax (PAT) increasing by 7 per cent. While earnings expectations
UBI stated, "MPC revised FY25 growth projection to 6.4 per cent from 6.6 per cent previously even as it projects recovery to 6.7 per cent in FY26. We see downside risk to 6.4 per cent growth forecast for FY25 as it assumes Dec'24 quarter growth above 6.5 per cent while its tracking close to
Government data suggests, India's overall energy consumption also increased by 6 per cent YoY in December 2024, reaching 130.40 billion units (BUs). This growth reflects heightened industrial and commercial activity, driving demand in IEX's markets.