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Rural India Boosts FMCG Growth with Higher Consumption in 2024 The fast-moving consumer goods (FMCG) sector in India is seeing strong growth, thanks to a recovery in rural demand. For the first time in five quarters, rural consumption volumes have exceeded urban growth, marking a significant shift in market dynamics. Rural vs. Urban Growth According…
Rural India Boosts FMCG Growth with Higher Consumption in 2024 The fast-moving consumer goods (FMCG) sector in India is seeing strong growth, thanks to a recovery in rural demand. For the first time in five quarters, rural consumption volumes have surpassed urban growth, marking a significant change in market trends. Rural vs. Urban Growth According…
AM Green Group Acquires Chempolis Oy and Fortum 3 BV Hyderabad (Telangana) [India], September 23: AM Green Technology and Solutions BV, part of the AM Green Group, has announced the acquisition of Chempolis Oy and Fortum 3 BV. This acquisition aims to transform Chempolis’s next-generation 2G bio-fuel technology into a global bio-refinery platform. Investment and…
India: A Great Place for Long-Term Investors, Says Jeffries Report A recent report by Jeffries highlights that India offers the best long-term returns for growth-oriented investors. The report emphasizes that Indian equities are attractive over both five-year and ten-year investment horizons. Despite high market valuations, the Indian stock market has shown remarkable resilience, especially after…
Union Minister Piyush Goyal Strengthens India-Australia Economic Ties in Sydney Union Minister of Commerce and Industry Piyush Goyal has emphasized the growing economic ties between India and Australia during his meetings with industry leaders and government officials in Sydney. Goyal highlighted discussions aimed at deepening trade, investment, and economic partnerships between the two nations. Goyal…
India Sees Record Job Growth in July 2024 EPFO Reports Highest-Ever Payroll Addition In July 2024, the Employees’ Provident Fund Organisation (EPFO) reported its highest-ever monthly payroll addition with 19.94 lakh new members. This surge highlights the effectiveness of the Modi Government’s transformative schemes aimed at driving job creation and formalising the job market. Key…
India’s Manufacturing and Services Growth Slows in September, Says HSBC Report New Delhi, September 23: India’s combined output in the manufacturing and services sectors experienced a decline in September. The HSBC Flash India Composite PMI Output Index fell to 59.3, down from 60.7 in August, according to a survey released on Monday. The survey also…
PM Modi’s Meeting with Holtec International CEO Kris Singh on India’s Clean Energy Future Prime Minister Narendra Modi’s roundtable meeting with CEOs of global technology and energy companies in New York has sparked significant discussions on India’s energy independence and technological growth. CEOs of Holtec International and Biogen lauded PM Modi’s vision and his government’s…
Biogen CEO Chris Viehbacher Praises PM Modi’s Vision for India’s Tech Future New York [US], September 23: Biogen CEO Chris Viehbacher has praised Prime Minister Narendra Modi’s vision of making India central to the technological progress of the 21st century. Viehbacher highlighted India’s talented and youthful population as a cornerstone of the country’s growing tech-driven…
David Ricks of Eli Lilly Praises India’s Growth as an Economic Superpower After Meeting PM Modi New York [US], September 23: David Ricks, CEO of Eli Lilly, a pharmaceutical company, highlighted India’s emergence as an economic superpower following a roundtable interaction with PM Narendra Modi in New York. Meeting with PM Modi Ricks noted that…