“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
“Pre-COVID, consumption used to grow at around 10% odd and there is no reason why going forward, we will not see that kind of growth which means that our businesses which are really dependent on consumption, will continue to grow quite strongly even as we go forward,” says Dalip Sehgal, ED & CEO, Nexus Select … Read more
The government data showed that power consumption in April-February 2021-22 was 1245.54 BU. File (representational image) | Photo Credit: Reuters India’s power consumption surged 10% to 1375.57 billion units (BU) during April-February this fiscal year and has already surpassed the level of electricity supplied in entire 2021-22. The government data showed that power consumption in … Read more
Photo used for representation purpose only. File | Photo Credit: The Hindu India is projected to add the largest percentage increase in coal use in the coming year globally ahead of China and the European Union, a report by the International Energy Agency (IEA) said on Friday. India is expected to increase use by 7% … Read more
India has moved from a $300 billion economy to $3 trillion in 30 years. The vision is to become a $10 trillion economy by 2031. This transformative journey is backed by multiple growth vectors like broader demand from consumption with adequate support from the lower cost of capital and a proactive policy stance from the … Read more
Mumbai: High-risk takers looking to bet on a thematic domestic consumption story could make a lump sum allocation to transportation and logistics funds. Asset managers believe the current market presents a good entry point as the auto sector is at a cyclical bottom and is expected to post the highest earnings growth among peers as … Read more
PHOTO CREDIT: Kent Nishimura / Getty Images SOURCES: Cornell Law School: “21 U.S. Code S 856 – Maintaining drug-involved premises.” The New York Times: “Nation’s First Supervised Drug-Injection Sites Open in New York.” Filter: “NY Bill to Expand Safe Consumption Sites Advances, With Time Short.” Gothamist: “After Years Of Delay, NYC Opens First Supervised Injection … Read more
S&P Global Ratings on Tuesday said there were indications of a strong rebound in economic activity in India after the second wave of the Covid-19 pandemic waned even as it maintained its FY22 growth forecast for India at 9.5%. It also said that inflation remains relatively high, and public debt worries persist. “In India, domestic … Read more
Indians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items, according to a report by global consultancy and advisory firm Deloitte. After witnessing two waves of the pandemic, India is “cautiously returning” to a state of “business as … Read more
Consumption of daily groceries and essentials in villages outpaced cities in July, reversing the trend of June. Urban growth was higher than in rural areas for the first time in nearly two years in June. With the Covid situation improving and good monsoon rain, rural growth is expected to bounce back and be in line … Read more