Still bullish on India; consumption remains cornerstone for India story: Jonathan Schiessl

Still bullish on India; consumption remains cornerstone for India story: Jonathan Schiessl

“I think broadly speaking, the market does offer a lot from a consumption perspective. So, multiple sectors and it is a very exciting space and has been for some time,” says Jonathan Schiessl, Westminster Asset Management.Wanted your take regarding consumption as a basket? Now, overall demographics of India are quite strong right now and rural … Read more

UK’s first drugs consumption room to open in October

UK’s first drugs consumption room to open in October

The UK’s first official consumption room for illegal drugs including heroin and cocaine will open in Glasgow on 21 October. The Safer Drugs Consumption Facility on Hunter Street in the city’s east end will accommodate up to 30 service users at a time. People will be able to consume illegal drugs under the supervision of … Read more

Budget will revolve around growth, employment generation & boosting consumption: Keki Mistry

Budget will revolve around growth, employment generation & boosting consumption: Keki Mistry

Keki Mistry, Former VC & CEO, HDFC, says his experience over the years not only in India but in many other countries globally, is that when the tax rate is reduced, compliance is improved significantly and there is a greater urge to work and earn more income. So, a reduction in tax rates, whether it … Read more

‘T.N.’s energy consumption reachs a new peak of 430.13 million units’

‘T.N.’s energy consumption reachs a new peak of 430.13 million units’

Thangam Thennarasu | Photo Credit: R. RAGU Electricity, Finance and Human Resources Management Minister Thangam Thennarasu said the State’s energy consumption had reached a new peak of 430.13 million units on Tuesday. In a post on X (formerly Twitter), he said the power supply had been smooth and arrangements had been made to meet any … Read more

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