Are India’s consumption hiccups signalling stress?
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India’s urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance’s retail unit have reported softer consumption, impacting their earnings and the broader economic outlook.
India’s leading solar-panel manufacturer, Waaree Energies Ltd., will open a $514 million IPO, valuing it at $5 billion. Backed by major investors like Goldman Sachs, […]
The Indian government has successfully generated Rs 3,449 crore by selling a 1.6% stake in Hindustan Zinc Ltd. through an offer-for-sale. Institutional investors showed strong […]
