If India grows @6-7%, can ITC grow 14-15%? Here’s what Sanjiv Puri has to say

If India grows @6-7%, can ITC grow 14-15%?  Here’s what Sanjiv Puri has to say

Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the … Read more

HSBC picks banking, consumption, IT as top investment themes for 2024

HSBC picks banking, consumption, IT as top investment themes for 2024

India is undergoing an industrial renaissance and the country is the most promising structural growth story in Asia over the next decade, an HSBC Global Private Banking release said on Wednesday, quoting HSBC’s Chief Investment Officer (CIO) James Cheo. Cheo has picked Indian banks, consumer discretionary and IT companies as his top bets in the … Read more

TV, internet, radio, OTT consumption rises for 22% of families despite a 1% dip from previous month: Axis My India Survey

TV, internet, radio, OTT consumption rises for 22% of families despite a 1% dip from previous month: Axis My India Survey

There has been a significant increase in content consumption, per a new survey by Axis My India. Besides, a majority of respondents to the survey indicated that household spending had increased. Overall, Axis My India’s latest India Consumer Sentiment Index (CSI) paints an optimistic picture of consumer spending trends at the dawn of the New … Read more

India’s power consumption grows by over 16% to 151.66 billion units in August

India’s power consumption grows by over 16% to 151.66 billion units in August

File. | Photo Credit: B. Jothi Ramalingam The country’s power consumption grew by over 16% to 151.66 billion units in August this year compared to that of the same month last year mainly due to increase usage of cooling appliances during sultry weather. In the year-ago period, power consumption stood at 130.39 billion units (BU), … Read more

Truant monsoon jacks up energy consumption by 46% in June-Aug. period

Truant monsoon jacks up energy consumption by 46% in June-Aug. period

The long dry spell stretching over three weeks in different parts of the State has forced farmers to draw groundwater, wherever possible. | Photo Credit: NAGARA GOPAL With nearly 66% average rainfall deficit recorded in August in Telangana, both demand for power on the transmission system and energy consumption have shot up to unprecedented levels … Read more

ETMarkets Smart Talk- Consumer-oriented industries could produce next set of wealth creators in long term: Sujan Hajra

ETMarkets Smart Talk- Consumer-oriented industries could produce next set of wealth creators in long term: Sujan Hajra

“Consumer-oriented industries have bright prospects, thanks to a strong GDP growth rate and a high rate of domestic consumption. As India’s per capita income rises, the share of the wallet is shifting from goods to services,” says Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, … Read more

Officials stop sale of Kingfisher beer bottled on July 15 saying unsafe for consumption

Officials stop sale of Kingfisher beer bottled on July 15 saying unsafe for consumption

The house of Malathi Devadiga in Sowkur, Kundapura taluk, for which Mescom has denied power connection under Belaku Scheme for BPL families citing a civil suit. | Photo Credit: Special Arrangement Bengaluru The Excise Department (Bengaluru Urban district) has issued a notification withholding sale of Kingfisher beer bottled on July 15 after it was found unsafe for consumption. … Read more

Water supplied to Karnataka village unfit for consumption, says DC after 3 deaths

Water supplied to Karnataka village unfit for consumption, says DC after 3 deaths

Residents of Kavadigara Hatti blocked the bypass connecting NH-13 and NH-4 in protest against the district administration, following the death of 3 persons, on August 3, 2023. | Photo Credit: Sathish GT The drinking water supplied to Kavadigara Hatti in Chitradurga district in Karnataka was unfit for consumption, as per biological analysis of samples collected … Read more

We are high conviction believers on the Indian consumption story : Asheesh Mohta, Blackstone

We are high conviction believers on the Indian consumption story : Asheesh Mohta, Blackstone

“We have as you said 17 malls across the country and our ambition is really to grow this platform. We are very high conviction believers on the Indian consumption story and therefore we will look to aggressively sort of build this out. What do we think we can sort of grow this to, I do … Read more