The pent-up demand fuelled by pandemic time savings is beginning to peter out for goods, but may last for some more time for services, say economists. Overall consumer demand is also expected to come under pressure from tighter monetary conditions and lesser pull from rural India. However, high-end consumption is expected to provide some support. … Read more
MUMBAI – The Reserve Bank of India has approved the appointment of Ashok Vaswani as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years from January 1, 2024. Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays … Read more
India’s factory output registered a growth of 3.2 per cent in the month of October led by growth in primary goods. The growth comes on the back of 4.5% rise witnessed in the same period last year as the economy was recovering from the first round of lockdown-induced contraction. The consumer durables sector failed to … Read more
Demand is picking up on the back of robust activities in rural segments and sectors like construction and consumer durables, industry body Assocham said on Friday. It said domestic travel and tourism are also witnessing an unleashing of pent-up demand. ”Although, hazarding a guess in the middle of a pandemic is not desirable, last 2-3 … Read more