The Reserve Bank has recently come up with an update on semi-annual survey of representatives from industry associations, including several industry bodies, credit rating agencies and banks. It noted that consumption of non-durable goods showed buoyancy as growth in rural consumption outpaced urban consumption, particularly in the non-food category. Consumer durables registered double digit volume growth, with spending in small towns on premium/ feature-rich segments recording a rise. The upcoming festival season is expected to boost demand for consumer products.
Posts in category Business Standard
Adani Enterprises share price gains 5% on strong September quarter results (30-10-2024)
The management said record-breaking performance has been led by ANIL and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilization.
Himatsingka Seide approves QIP (30-10-2024)
Aggregating to Rs.400 crores
T D Power Systems stock jumps over 5% after profit soars in Q2FY25 (30-10-2024)
Shares of T D Power Systems surged up to 5.34 per cent at Rs 399.80 per share on the BSE in Wednesday’s intraday trade
Sensex slides 116 pts; pharma shares under pressure (30-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 116.24 points or 0.15% to 80,258.88. The Nifty 50 index lost 23.50 points or 0.10% to 24,443.35.
TCS partners with Insper in Brazil (30-10-2024)
To Accelerate Innovation Across South America
Dollar index steadies near 3-month high; Critical data from US awaited for cues on Federal course of action (30-10-2024)
The US dollar index is steadying ahead of crucial US data due this week that could provide further clarity of Federal course of action. US treasury yields climbing above 4.2% are also keeping the greenback supported as investor await a preliminary reading of third-quarter GDP is set to be released later in the global day, followed by the PCE price index report on Thursday and nonfarm payrolls data on Friday. US data from the Jolts report showed job openings at their lowest since January 2021. Meanwhile, the Conference Board consumer confidence index rose sharply, marking its largest increase since March 2021. Safe haven demand amid ongoing Middle East tensions and apprehension ahead of US presidential results is keeping the dollar range bound around three-month highs. The US dollar index that measures the greenback against a basket of currencies is quoting at 104.18, down marginally on the day. Among basket currencies, EURUSD and GBPUSD are trading at $1.08 and $1.29 respectively.
Here’s why Shriram Properties share price jumped 7% on October 30; details (30-10-2024)
The uptick in share price came after the company announced that it has signed a Joint Development Agreement (JDA) for a 6-acres prime land in the upcoming micro markets of Undri in Pune
Capri Global Capital share price up 15%; What’s boosting rally in stock? (30-10-2024)
Capri Global Capital, on Tuesday, after market hours, registered a consolidated net profit of Rs 96.98 crore as compared to Rs 65.24 crore a year ago
Kaynes Tech Q2 PAT soars 86% YoY to Rs 60 cr in FY25 (30-10-2024)
Kaynes Technology India reported 86.35% increase in consolidated net profit to Rs 60.21 crore in Q2 FY25 as against Rs 32.31 crore posted in Q2 FY24.