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August 13, 2024
- FMCG players are witnessing strong growth in the overall e-commerce segment led by quick-commerce platforms. Companies such as Dabur India, Nestle India, Hindustan Unilever and Tata Consumer have reported high double-digit growth on e-commerce channel in their Q1 earnings. consumers in the top nine metros are increasingly adapting to e-commerce and quick-commerce mode, which is fuelling the premiumisation trend.
- Are Indian stock markets becoming Aatmanirbhar?
- With markets rising, it is heartening to see that conviction of domestic players is on the sustained rise as well—despite bumps on the road. Not only does this lower the impact of external shocks on Indian markets, but also helps increase overall wealth creation in the country. We take a look at changing trends of ownerships in the Indian equity markets and if we are on our way to becoming Aatmanirbhar.
- News Headlines from Business News Agencies:*
- Business Standard
- India Inc's credit quality, financial profile may improve further: S&P
- India's merchandise exports growth may slow to 4.2% in Q2: Exim Bank
- Wipro expands partnership with Google Cloud to adopt AI tech Gemini
- Union Bank invites EoIs to sell Rs 2,316 crore NPAs across 45 accounts
- Significant milestone, says Sunil Mittal after buying stake in BT Group
- Avaada Group to set up 2 pumped storage power projects worth Rs 14k cr
- NCLT urges RBI, DIPP to speed up approvals for RCap resolution plan
- Bhel gets 1,600 MW thermal power project from Damodar Valley Corporation
- Identical Brains Studios plans to go public; aims Rs 56 cr revenue by FY26
- Neo Group raises $47.6 million led by MUFG Bank, Euclidean Capital
- ISA seeks export tax on low-grade iron ore, pellets to curb local shortages
- Housing.com's parent REA India's revenue rises 31% to Rs 563 crore in FY24
- ABD in talks with Russian Standard, ThaiBev for India product distribution
- Economic Times
- India’s defence exports skyrocket by 78% in Q1 FY 2024-25, sets new benchmarks
- Cars24 unveils superapp for ancillary services to monetise user base
- Electric Luna maker Kinetic Green raises US$25 mn for aggressive growth in its e2W, e3W biz
- JSW Steel to acquire 66.67% economic interest in Australian mining company to expand global footprint
- BIMSTEC can finalise regional FTA in phases to promote investment & jobs
- Muthoot Microfin in talks with European investors to raise $50 million
- Berger Paints eyes 5pc value growth in Q2FY25; targets doubling turnover to Rs 20,000 cr by 2029
- Centre likely to withdraw and revise draft Broadcasting Services Bill: sources
- Govt approves 20 pc premium for gas from new wells for ONGC
- US grocery company Hy-Vee leases 54,000 sq ft office space in Bengaluru
- Extended reality startup Metadome raises $6.5 million from Siana Capital, others
- REITs Association says Hindenburg claim baseless, misleading
- RBI sets up Dy Guv Patra-chaired expert panel to benchmark India's statistics to global standards
- Mint
- India's Industrial production rises to 5.2% in April to June; up 0.5% Y-o-Y
- India's retail inflation eases to 3.54% in July, lowest in five years
- GEAPP plans 2GWh battery storage capacity in India
- Uttar Pradesh to retain tax waiver for hybrids despite opposition from EV makers
- Torrent, Glenmark, Mankind, Lupin among key drivers of pharma market growth
- Bangladesh remittances to fall; lengthy unrest to hit GDP: Moody's
- Indian banks are staring at worrisome savings and investment trends
- India's highest FPI comes from US, Luxembourg and Canada next: SEBI
- CreditAccess looks to sell off India biz to new owner with $2.7 bn valuation
- China's bond market rattled as central bank squares off with bond bulls
- India aspires to be a developed nation by 2047 in a sustainable way, unlike OECD, says Shamika Ravi
