Reports: Page 5

News and Trends

Auto Component Industry Likely to Incur Capex of INR 20,000-25,000 Crore in FY25: ICRA Report

ICRA expects the growth in the revenues of the Indian auto component industry to ease to 5-7 per cent in FY2025

News and Trends

India Saw Average Annual Wealth Growth Dip by Over Half Since 2010, Research Finds

The world's major millionaire population rests in United States (38 per cent), Western Europe (28 per cent), and Mainland China (10 per cent). The three equate to the sum of millionaires in Japan, India, Indonesia, South Korea, Singapore, and Thailand

News and Trends

Indian Gaming Industry to Flourish to $8.92 Billion From $3.1 Billion: Report

The Indian gaming sector is expected to grow to $8.92 billion in the next five years

News and Trends

FinTech Records Decline in Funding in First Half of 2024: Tracxn Report

According to a recent report by Traxcn, India's fintech sector recorded a decline in funding activities in 2024. The report named 'Tracxn FinTech Report' states that the sector received funding of USD 795 Million in 2024, marking a decline of 11 per cent and 57 per cent compared to the USD896.7 Million second half of 2023 and USD 1.93 Billion in the first half of 2023 respectively.

News and Trends

PMI Rises From 57.5 in May to 58.3 in June: HSBC Report

The HSBC India Manufacturing Purchasing Managers' Index (PMI) for June 2024 indicates a recovery in the Indian manufacturing sector, with the PMI rising from 57.5 in May to 58.3 in June.

News and Trends

India's Mobile Phone Exports Rose by 40%: Report

China and Vietnam saw a decline in mobile exports in FY24 while India's exports surged by 40.5 per cent.

News and Trends

Two-Wheeler Volumes Expected to Grow 5% Year-over-Year: Report

Automobile wholesale volumes are expected to be mixed in June, with two-wheeler volumes expected to grow 5 per cent year-over-year (YoY), while passenger vehicle volumes are expected to rise 3 per cent YoY. Commercial vehicles are expected to see flat sales growth, while tractor sales are expected to dip.

News and Trends

Need For Digital Transformation for MSMEs In India: Forvis Mazars Report

There are a total of 63.39 million MSMEs in India with over 99 per cent of them being micro-enterprises contributing 30 per cent to the country's GDP and 45 per cent to its exports. Despite their major game play in the economy these enterprises remain significantly under-digitized.

News and Trends

Whatsapp and Whatsapp Business Dominate MSME Landscape With a 97% Usage Rate: Report

43 per cent prefer UPI at Micro, Small, and Medium Enterprises (MSME) while 38 per cent lean towards Aadhaar Banking for last-mile banking services.

News and Trends

Rishad Premji Admits FY24 as "The Most Challenging Year" in Company History

Rishad Premji, Wipro's chairman, states FY24 was one of the most challenging years in the company's history with reported revenue of $10.8 billion.

News and Trends

Indian AI Expenditure Is Expected To Touch $6 Billion in 2027: IDC Report

The report shared developing global and local trends and also highlighted India's potential to become a world leader in modern technologies such as Artificial Intelligence and GenAI

Business News

McCormick's Prediction for 2024's Flavor of the Year Just Dropped, But It May Be Unfamiliar to Some

The spice brand has released a yearly report for Flavor of the Year since 2000.

Growth Strategies

Integra Seven And Wamda Release A Report On The State Of Tech Talent In Dubai

The report reveals that Dubai-based tech firms have started adopting a global approach by dispersing their tech teams across two to four countries.

Technology

A New Report Published By Consensys In Partnership With Entrepreneur Middle East Explores "Opportunities in Web3"

Web3 is being hailed as "the future of the internet," and the next big technological revolution.