SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion
SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion The State Bank of India (SBI) is set to achieve above-average loan growth of 14-16% year-on-year (Y-o-Y) for FY25, significantly higher than the banking industry’s projected 13% growth. This surge will be largely fueled by the […]
Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market
Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market Rural India’s FMCG market is experiencing a transformative shift, with the average basket size growing by 60% over the last two years, as noted by a recent Group M and Kantar report. This increase from 5.88 in 2022 to 9.3 in 2024 is […]
Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles
Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles The festive season in India has provided a significant boost to the auto sector, with various segments showing promising growth in sales during the second week of the festive period (October 10-October 16). According to a […]
India’s tea exports up over 23% in January-July period
India’s tea exports up over 23% in January-July period India’s tea exports saw significant growth in the January-July 2024 period, with a 23.79% increase year-on-year. The Tea Board of India reported that the country exported 144.50 million kilograms of tea, up from 116.73 million kilograms during the same period in 2023. This 27.77 million kg […]
Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs
Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs Recordent, a leading accounts receivable (AR) automation platform in India, has launched a Zoho Books Connector, aimed at enhancing AR management for small and medium enterprises (SMEs). This integration allows businesses using Zoho Books, a popular accounting ERP platform, to benefit from Recordent’s advanced […]
Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus
Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus Subam Papers made its stock market debut on the BSE SME platform with a 6.6% discount, listing at ₹142 compared to the issue price of ₹152. This debut comes as the company continues its expansion in the manufacturing of Kraft […]
Samsung Electronics Workers’ Strike Enters Fourth Week, Posing Challenge to India’s Manufacturing Hub Ambitions
Samsung Electronics Workers’ Strike Enters Fourth Week, Posing Challenge to India’s Manufacturing Hub Ambitions India’s efforts to position itself as a major manufacturing hub, an alternative to China, are facing a significant setback as over 1,000 workers at Samsung Electronics’ home appliances plant in Tamil Nadu continue their strike, now entering its fourth week. The […]
Government Mulls ‘Made in India’ Label to Strengthen Global Brand Identity
Government Mulls ‘Made in India’ Label to Strengthen Global Brand Identity The Indian government is exploring a proposal to introduce a ‘Made in India’ label to promote Indian products globally and create a distinct brand identity, similar to the successful branding of ‘Made in Japan’ or ‘Made in Switzerland,’ according to an official source. A […]
India’s Manufacturing Sector Growth: 7% in Q1 Signals Further Potential
India’s Manufacturing Sector Growth: 7% in Q1 Signals Further Potential India’s manufacturing sector experienced solid growth of 7% in the first quarter of fiscal year 2024-25, demonstrating its continued potential as a driver of economic expansion. Despite the country’s overall GDP growth slowing to 6.7%, down from 8.2% in the same period last year, the […]
Classification of Laboratory Chemical Imports for Traders
Classification of Laboratory Chemical Imports for Traders Traders importing laboratory chemicals must classify these goods under appropriate chapters/headings in the Customs Tariff Act, 1975. According to the recent amendment through Notification No. 62/2024-Customs (N.T.), effective from 19th September 2024, imports of laboratory chemicals under Heading 9802 are restricted to actual users only. The chemicals must […]