Reports: Page 2
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.
Indian Automobile Sector Sees Mixed Performance in September 2024: Report
The SIAM report provides a mixed outlook for India's auto sector. Utility vehicles and two-wheelers are driving domestic growth, while export markets show healthy demand.
How MSMEs Thrive During India's Festive Season
Amazon's "Great Indian Festival 2022" saw record participation from MSMEs, with 4.75 lakh sellers joining the B2B sales, and 70 per cent of the 35,000 B2C sellers hailing from Tier-II and III cities
How Major Automakers Performed in The Pre-Festive Season Market
The September 2024 sales data illustrates a dynamic passenger vehicle market in India, with some companies managing to expand their foothold, while others face minor setbacks.
How e-Commerce Giants Kicked Off The 2024 Festive Season
Flipkart recorded 330 million visits during early access and day 1, Amazon recorded 110 million customer visits within the first 48 hours of its sale, Meesho stated 65 million visitors and Myntra enjoyed 120 million visitors during the same period.
Karnataka Sets Ambitious Goal to Double Global Capability Centres by 2029; Aims to Create 3,50,000 New Jobs by 2029
The government is keen to expand beyond Bengaluru, promoting cities such as Mangaluru, Mysuru, and Tumakuru as attractive alternatives for foreign companies to set up operations.