The revenue growth of auto dealers is expected to slow to 7-9 per cent this financial year after a healthy 14 per cent last year, due to a moderation in sales volume growth and modest price hikes by car manufacturers, asserted Crisil Ratings.
Bengaluru (Karnataka) [India], August 28: The Bier Library, a well-known literary-themed venue in Bangalore, has opened its second location with the grand launch of The Bier Library Volume 2 in Sarjapur. This new space blends architectural brilliance with the venue's distinctive ambiance, of
India's startup ecosystem experienced a surge in venture capital (VC) funding during the first seven months of 2024, raising a total of USD 6.3 billion through 672 deals. This marks a 42.1 per cent year-on-year (YoY) increase in funding value, despite a modest 1.2 per cent rise in deal vo
The growth of the 2W market is primarily driven by strong rural demand coupled with sustained urban sales. The favourable monsoon season has improved rural sentiments, leading to an uptick in sales. Additionally, wholesale volumes are expected to outpace retail sales as dealers build up inve
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over the past two years. This change has been accelerated by the pandemic, with many consumers opting for digital payments to avoid handling cash. About 60 per cent of these institutions noted that th
The Purchasing Managers' Index (PMI) for Manufacturing, stood at 58.1 in July 2024. This figure is not only significantly above the long-term average but also among the highest recorded in recent years. The sector's expansion has been primarily driven by strong demand and a surge in producti
A marked growth is visible in the consumer staple segment, and the trajectory in volume improvement is likely to continue in the coming quarters of 2024-25, says Motilal Oswal Financial Services.
To tackle the increased passenger volume on Raksha Bandhan on Monday (August 19), the Delhi Metro will have additional standby trains available on its routes, ready to be deployed if needed to handle the higher demand.
Despite a 30.3 per cent decline in the overall volume of VC deals, high-value investments exceeding USD 100 million surged by 27.4 per cent year-on-year (YoY), highlighting a notable pivot towards larger, more strategic funding opportunities.
Bhubaneswar (Odisha) [India], August 12: With trade, industry and services booming in India's City of Progress -- luxury real estate has also followed northwards in Bhubaneswar. Rising rates and high pre-launch booking volumes culminating in tower and phase-level sellouts are becoming the
Global mergers and acquisitions (M&A) have seen a notable increase in total transaction value during the first half of 2024, despite a decrease in deal volumes, according to S&P Global Market Intelligence's second quarter (Q2) 2024 Global M&A and Equity Offerings Report.