Indian ceramic tiles industry thrives domestically but struggles in export markets: ICRA report, ETCFO
The Indian ceramic tiles industry finds itself at a critical juncture, as a recent report by ICRA reveals contrasting trends in the domestic and export markets. While the domestic sector remains strong, accounting for around 64 per cent of the industry’s revenue, exports are showing signs of weakness. This decline
Cash transactions decline rapidly in India as digital payments surge: RBI economist, ETCFO
New Delhi, In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 per cent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist. Pradip
RBI Governor Shaktikanta Das, ETCFO
India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents a picture
US labor market plodding along, but jobs becoming more scarce, ETCFO
The employment report for October will be published days before Americans head to the polls on Nov. 5 to elect a new president By Lucia Mutikani New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly
Government unveils guidelines for seaweed imports to boost coastal economy
The Ministry of Fisheries announced new guidelines for live seaweed imports on Friday, aiming to address seed shortages in its growing seaweed industry and boost coastal economies. The regulatory framework, which includes strict quarantine procedures and biosecurity measures, will allow importers to bring high-quality seaweed germplasm into the country following
India, ASEAN can work on regional policy framework for green energy transition: CERC member, ETCFO
India and ASEAN can work together to create a regional policy framework for green energy transition with increasing usage of small modular nuclear reactors, a senior official of Indian power sector regulator CERC has said. According to Harish Dudani, Member, Central Electricity Regulatory Commission (CERC), the ASEAN (Association of Southeast
Varaha issues India’s first-ever CDR credit under Puro.Earth
Varaha, a leading carbon removal company from farming, has issued durable carbon dioxide removal (CDR) credits from industrial biochar under Puro.Earth, the world’s leading CDR registry. This is the first-ever issuance of industrial biochar credits in India. Varaha’s project in Telengana produces biochar, a carbon-rich material, using agricultural waste
InterGlobe Aviation likely to slip into red on higher costs, weak rupee
InterGlobe Aviation which operates India’s largest domestic airlines, IndiGo, is expected to swing to a loss in second quarter FY 2025 on flat yields, higher non-fuel costs and impacts of rupees depreciation. Estimates vary with with Prabhudas Lilladher Capital projecting ₹129 crore loss before tax and Motilal Oswal pegging the
Freebie economics weakens state finances, CFO News, ETCFO
Greetings for the festive season. I am sure you must be excited to celebrate Diwali with your loved ones. Some of you must be looking at air tickets or train berth confirmations and many of you must have planned your weekend just for shopping and decorations. Like many offices in
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets
The economic lifeline is expected to be disbursed by the end of the year. Source link