India's retail inflation rose to a 14-month high of 6.21 per cent in October, up from 5.49 per cent in August. On the back of rising vegetable prices food inflation galloped and rose in double digits for the first time in fifteen months to 10.87 per cent from 9.2 per cent in the previous mon
India recorded the fastest growth in patent (+15.7 per cent) applications in 2023, leading among the top 20 countries, marking the fifth consecutive year of double-digit growth, as per the World Intellectual Property Indicators (WIPI) 2024 report.
This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit growth in passenger vehicles (PVs) and tractors. This growth will be partially offset by a year-on-year decline in commercial vehicle (CV) volumes.
The index report noted that with each year the healthcare cost in the country is becoming expensive because there is double digit inflation in healthcare. It said "Healthcare inflation was reported at 14 per cent in India."
In both the innings played by India, the 'Hitman' could not continue his fine run of form across all the formats, scoring only six and five, respectively. This is only his fourth instance of not being able to score in double digits in both innings of a Test.
The Indian IT sector is poised for strong earnings growth in the coming years, with a projected double-digit Earnings Per Share (EPS) Compound Annual Growth Rate (CAGR) of 17.5 per cent from FY24 to FY27, according to a recent industry analysis report by Nirmal Bang Equities.
GST collections in the initial months of FY25 have seen a notable surge, driven by a broader tax base and heightened economic activity. This level shift in GST collections reflects sustained economic engagement, bolstered further by a double-digit increase in e-way bill generation, indicatin
Retail automobile sales in India saw double-digit yearly growth in July, with almost all vehicle categories witnessing an increase. To be precise, the sales jumped 13.84 per cent during the month.
Excluding Honda, the growth remains robust at around 14 per cent. Additionally, passenger vehicle (PV) volumes are likely to have increased, supported by improved retail activity and inventory accumulation.
With a contingent of 117 athletes, India will aim to break their all-time record and hit double digits for the first time in the history of the Summer Games.