 "India’s manufacturing sector surged in FY23, adding 1.3 million jobs and showing robust growth amid post-pandemic recovery.")
India’s manufacturing sector experienced significant job growth in FY23, adding 1.3 million new positions, up from 1.1 million in FY22. Data from the National Statistical Organisation shows a 7.4% rise in employment, reaching 18.5 million workers. This positive trend correlated with a 7.3% increase in the sector’s gross value added, totaling Rs 21.97 trillion. Key ...
 "Core sector production plummeted 1.8% in August, driven down by coal, oil, and electricity, raising concerns for industrial growth.")
In August 2024, the production growth of eight key infrastructure sectors in India saw a decline of 1.8 percent. This downturn was primarily due to lower outputs in coal, crude oil, natural gas, refinery products, cement, and electricity. This is a significant shift from the growth rate of 6.1 percent recorded in July. Despite the ...
 "Candytoy Corporate partners with Reliance Retail, expanding candy toy supply to 1,400 stores, poised for rapid growth and potential IPO.")
Candytoy Corporate, a prominent manufacturer of candy toys based in Indore, has teamed up with Reliance Retail to supply confectionery toys across 1,400 of its stores. The partnership, recently initiated, aims to have at least 200 stores operational by Diwali, generating a revenue run rate of Rs 2 crore per month. The company specializes in ...
 "Deloitte India aims for explosive growth, targeting billion by 2030, fueled by remarkable advancements and a booming workforce.")
Deloitte India is aiming for significant growth, targeting $5 billion in revenue by 2030, up from the current Rs 10,000 crore. In the fiscal year 2023-24, the firm reported a 30 percent increase in revenue and contributed 10 percent to global revenue growth and 70 percent to the Asia Pacific region’s growth. South Asia CEO ...
 "Meesho’s Mega Blockbuster Sale dazzles with 65 million visitors and unprecedented order growth, signaling a remarkable festive season.")
Meesho, the SoftBank-backed e-commerce platform, achieved impressive results on the opening day of its annual ‘Meesho Mega Blockbuster Sale,’ attracting 65 million unique visitors. Founder and CEO Vidit Aatrey reported a remarkable surge in app downloads, reaching 15 million before the sale. Purchase orders doubled compared to last year, with some brands experiencing even higher ...
 "Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.")
India’s iron ore and manganese ore production saw impressive growth from April to August 2024. The output of iron ore increased by 7.4% to 116 million tonnes, compared to 108 million tonnes in the same period last year. Manganese ore production also jumped by 15.4% to 1.5 million tonnes, up from 1.3 million tonnes. Iron ...
 "Sumant Kathpalia’s reappointment as IndusInd Bank’s CEO heralds a crucial era, pending RBI approval, as he aims for transformative growth.")
IndusInd Bank has announced the re-appointment of Sumant Kathpalia as its managing director and chief executive officer for another three years, effective March 24, 2025, pending necessary approvals from the Reserve Bank of India and shareholders. Kathpalia has held the position since March 2020 and previously received a two-year extension in March 2023. Under his ...
 "Nageswaran warns of AI’s labor displacement while heralding India’s robust economic growth amidst global uncertainties and promoting sustainable job creation.")
V. Anantha Nageswaran, the Chief Economic Advisor to the Indian government, recently projected that the Indian economy will grow between 6.5% and 7% in the current financial year, with an impressive nominal growth rate of 11% accounting for inflation. He emphasized that this growth is noteworthy considering global economic challenges. Nageswaran highlighted the post-COVID recovery ...
 "Tokyo Electron plans to hire 10,000 globally, focusing on India to capitalize on semiconductor growth amidst geopolitical tensions.")
Tokyo Electron Ltd., Japan’s leading chip equipment manufacturer, is planning to hire 10,000 new employees globally over the next five years, with a focus on recruiting engineers in India. This move aligns with the Indian government’s initiative to boost semiconductor manufacturing. The company aims to train local engineers to provide technical support to Tata Electronics, ...
Credit card spending is anticipated to increase during the upcoming festival season, driven by discretionary purchases and promotional offers. However, growth may be tempered due to stricter regulations on unsecured lending and rising delinquencies in credit card payments. In August 2024, credit card transactions rose by 13.51% year-on-year, but there was a slight decline compared ...
