India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report

New Delhi (IANS): India’s FMCG (fast-moving consumer goods) sector is expected to post a growth rate of 7-9 per cent in 2024 on the back of government initiatives to stimulate consumption and create more jobs, according to a report.

"Looking…

Indian stock market at all-time high, bank stocks lead sharp rally

Mumbai (IANS) Driven by the financial sector, the Indian stock market saw a sharp rally to close at an all-time high on Tuesday, with the Bank Nifty index breaking above the resistance of 52,000 for the first time. 

The domestic market experienced…

Centre begins auction for telecom spectrum worth Rs 96,238 crore

New Delhi (IANS) The Centre on Tuesday announced it has begun the auction of spectrum worth Rs 96,238.45 crore for telecom services.

The total quantum of spectrum being auctioned is 10,522.35 MHz in various bands, valuing Rs 96,238.45 crore…

India to host 30-nation ISO Council meeting on sugar, biofuels from June 25-27

New Delhi (IANS) Delegates from more than 30 countries and representatives from many international organisations have arrived here to attend the ISO Council Meeting from June 25-27 being hosted by India to deliberate on the critical issues of sugar…

Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers

Mumbai (IANS) India equity benchmarks opened in red on Monday as heavyweights like IndusInd bank, Tata Steel, SBI, and JSW Steel are top losers.

At 9:41 am, Sensex was down 430 points or 0.56 per cent, 76,779, and Nifty was down 134 points…

Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week

Mumbai (IANS) The outlook of the Indian markets will be guided by monsoon updates, any upcoming budget-related announcements, marco cues, and global factors like US GDP data this week.

Last week, Sensex and Nifty both posted minor gains of…

India electronics component manufacturing to hit $240 bn by 2030, create 2.8 lakh jobs by 2026

New Delhi (IANS) As the government doubles down on making India a global manufacturing hub, the demand for electronics components and sub-assemblies is likely to scale to $240 billion by 2030, paving the way for $500 billion worth of electronics production…

GST Council waives interest, penalty on notices to taxpayers under Section 73

New Delhi, (IANS) As part of several taxpayer-friendly decisions, the GST Council on Saturday recommended the waiving of interest and penalty in cases of tax demand notices that have been sent under Section 73, of the GST Act, Finance Minister Nirmala…

FM Nirmala Sitharaman holds pre-Budget meeting with finance ministers of states

New Delhi (IANS) Union Minister for Finance Nirmala Sitharaman chaired pre-Budget consultations with the Finance Ministers of states and Union Territories to take their views on board for the upcoming Union Budget 2024-25 here on Saturday. 

The…

FMCG sales growth in rural areas to outstrip urban markets: Report

New Delhi (IANS) Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second quarter of 2024, according…