Reports
99% of Businesses Track Sustainability, But Only 13% Use Data Strategically: Report
Only 34 per cent of Indian businesses leverage IT to reduce environmental impacts. While 76 per cent of organizations monitor energy use with AI, they can go further by using AI for scenario planning and climate risk mitigation.
India's PC Market Clocks Record Growth In 3Q24
India's PC market shipped an all-time high of 4.49 million units in 3Q24, according to IDC
Navigating the Road of Taxation: MSME Edition
While steps like GST and digital tax systems have eased some burdens, MSMEs still face significant challenges in navigating India's tax regime. Simplified processes, targeted tax relief, and technological empowerment are key to unlocking their potential.
India's Private Sector Sees Strongest Growth in Three Months: Report
Manufacturing also remained resilient, with the HSBC Flash India Manufacturing PMI at 57.3 in November, down slightly from 57.5 in October but still indicating substantial improvement.
How Cloud Technology will Transform the Banking Industry
The Indian cloud services market, valued at USD 8.3 billion in 2023 and projected to grow to USD 24.2 billion by 2028, is currently dominated by international providers. With this initiative, the RBI seeks to boost domestic players and enhance India's digital sovereignty.
Economic Activity in India Improved to an 8-Month High of 10.1% in October
October 2024 also registered a robust 9.9 per cent month-on-month (MoM) growth, surpassing the 6.5 per cent MoM increase observed in October 2023.
INR 16,000 Crore Is Required To Meet Public Charging Demand For EVs By 2030: Report
Innovation and research will be key in driving down costs and improving efficiency of electric vehicles.
Smartwatch Shipments Plunge 44.8% in India: IDC Report
Wristbands faced the sharpest drop among all categories, declining by a significant 48.4 p[er cent year-over-year (YoY). Shipments plummeted to just 56.1 thousand units, compared to 108.8 thousand units in Q3 2023. Smartwatches also struggled, experiencing a 44.8 per cent YoY decline in shipments, which fell to 9.3 million units.
MSMEs Expect to Benefit From FM's New Credit Guarantee Scheme
The INR 100 crore credit guarantee scheme is expected to serve as a vital catalyst for MSME growth and resilience by enabling businesses to secure financing without traditional barriers. Industry experts agree that this program has the potential to unlock new avenues of opportunity for MSMEs, encouraging entrepreneurship, fostering local manufacturing, and contributing to the nation's export ecosystem.
Auto Industry Rides Festival-Driven Demand in October with 0.9% Growth in Passenger Vehicles and 14.2% in Two-wheelers
The passenger vehicle market experienced its highest-ever sales for the month of October, reaching 3,93,238 units, up from 3,89,714 units in October 2023, a 0.9 per cent increase.
October Insights: India's Service Sector Grows 13% in Employment and 58% in Output
The HSBC India Services Business Activity Index rose from 57.7 in September to 58.5 in October, signaling a sharp acceleration in growth well above the long-term average of 54.1
Indian Cigarette Manufacturers Set for 9-10% Revenue Growth: CRISIL Report
India is the second-largest tobacco producer, with leaf tobacco exports expected to rise from an average of 2.4 lakh tonnes over the past three years to 2.8-2.9 lakh tonnes this fiscal.
How The Automobile Giants Performed in October 2024
October 2024's sales data reveals the shifting dynamics of India's passenger vehicle market. The festive season has underscored the growing demand for SUVs and MPVs, with Toyota Kirloskar and Mahindra & Mahindra emerging as clear winners by capitalizing on this trend.
India Inc Faces Sluggish Revenue Growth in Q2 Amid Construction Slowdown and Commodity Weakness: CRISIL Report
Revenues in agriculture, particularly fertilizers, fell significantly by 20-22 per cent year-on-year (YoY), as raw material prices declined.
Jaguar Land Rover Bolsters Global Innovation Network with New Hub in India
JLR's India Hub will work closely with a range of startups, concentrating on some of the most impactful emerging technologies in the automotive sector.