India’s exports rise in 115 nations out of 238 destinations in 2023-24: Data
India’s exports have increased to as many as 115 countries out of the total 238 destinations during 2023-24 despite the global economic uncertainties, according to commerce ministry’s data. These 115 export destinations, which account for 46.5 per cent of India’s export basket, include the US, UAE, Netherland, China, UK, Saudi Arabia,...
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Household savings decline due to rising home, auto, personal loans
Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of interest towards housing and vehicle loans have continued to rise, but the trend could reverse in 2024-25 on account of the impact of RBI’s curbs on personal loan. The net...
Air India Express cancels 85 flights due to cabin crew shortage
Air India Express on Thursday cancelled 85 flights or around 23 per cent of the total daily capacity as the disruptions due to the cabin crew shortage continue and said Air India will operate services on 20 of its routes to minimise inconvenience to passengers. In a significant decision, sources said...
TVS Motor shares climb over 6 pc after March quarter earnings
Shares of TVS Motor Company on Thursday climbed over 6 per cent after the company's consolidated net profit increased 15 per cent for the fourth quarter ended March 2024. The stock went up 5.73 per cent to Rs 2,121.30 on the BSE. On the NSE, it climbed 6.32 per cent to Rs...
Civil aviation ministry seeks report from Air India Express on flight cancellations
The civil aviation ministry on Wednesday sought a report from Air India Express on cancellation of flights amid a section of cabin crew members reporting sick to protest against alleged mismanagement at the airline. Nearly 90 flights have been cancelled by Air India Express since Tuesday night due to cabin crew...
PSUs not in disarray, but thriving under Modi regime: FM on Cong allegations
Finance Minister Nirmala Sitharaman on Wednesday said PSUs have suffered under the Congress-led UPA government and previously neglected ones like, the Hindustan Aeronautics Limited (HAL), have seen a 'resurgence' under the Modi government. Rebutting allegations by the Congress party and its leader Rahul Gandhi that state-owned companies are in a disarray,...
Toy exports marginally down at USD 152.34 million in 2023-24: GTRI report
The country’s toy exports declined marginally to USD 152.34 million in 2023-24 from USD 153.89 million in the previous financial year, according to a report by economic think tank GTRI. The Global Trade Research Initiative (GTRI) said that India’s toy exports did not benefit much from the mandatory quality control orders. It...
Indian FMCG industry sees 6.5 per cent volume growth in Q4FY24: Report
The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed to the growth in...
