Auto dispatches hit top gear: November clocks double-digit sales growth — What’s driving the surge?

Automakers saw a strong rise in factory dispatches to dealerships in November, indicating that consumer demand remained strong even after the festive season ended. Companies noted that cars, two-wheelers and three-wheelers recording strong double-digit growth as compared to the same period, a year earlier. Industry body SIAM said that the month turned out to be…

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Rail rides get better? Indian Railways begin branded meal trials begin on Vande Bharat, Amrit Bharat; hygiene and freshness in focus

Train travel could soon become even better, with passengers able to savour their favourite delicacies from popular brands, right on board!Indian Railways has begun testing a revamped on-board catering model on selected trains, as the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) looks to upgrade the quality and delivery of meals served to passengers….

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Haryana ties up with World Bank to cut pollution

In what officials are calling Haryana’s most ambitious environmental push yet, the state has collaborated with World Bank and created the ‘Haryana Clean Air Project for Sustainable Development’ with a corpus of Rs 3,600 crore to ‘significantly improve’ air quality over the next five years.The proposal includes sweeping interventions, ranging from farm-level enforcement to industrial…

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8th Pay Commission: Railways to trim costs to accommodate higher wages; maintenance, procurement, energy sectors in focus

Railways is implementing focused cost-cutting initiatives across maintenance, procurement and energy sectors to fortify its financial position before dealing with increased wage expenses anticipated from the Eighth Pay Commission recommendations.Established in January 2024, the Eighth Pay Commission must submit its recommendations within an 18-month timeframe.The previous Seventh Pay Commission led to wage increases of 14-26%…

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Low inflation, high growth: India’s ‘sweet spot’ – Who really pays for ‘goldilocks’ economy?

India is experiencing a rare economic phase with near-zero inflation and robust growth exceeding 8%. While this ‘Goldilocks’ moment benefits borrowers and large corporations, farmers face significant losses due to falling food prices. Savers might see reduced returns as interest rates decline, highlighting a complex economic landscape where benefits are unevenly distributed. India is in…

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Stock market outlook: Nifty slips 0.53% for the week; further consolidation expected

The Nifty experienced a mild correction this week, trading in a downward consolidation pattern and closing negative. The trading range spanned 485 points, from 26,178.70 to 25,693.25.Despite the Federal Reserve’s supportive 0.25% rate reduction and a pause in breadth deterioration, the index encountered resistance near recent peaks. The India VIX dropped by -2.01% to 10.11,…

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