Hospitality- Positive Impact. With a focus on certain tourism segments and smart partnerships with states, the Budget is laying a solid basis for growing India’s tourism and hospitality industries. The government is fostering a more varied and rich travel experience and enhancing infrastructure by creating the top 50 tourist sites. To promote more sustainable and…
The benchmark indices ended Saturday’s trading day flat, despite several encouraging news in the Budget. Except for FMCG, real estate, and consumer-driven industries, which are anticipated to gain from tax cuts, most other industries witnessed no change. There was a little decrease in shares of the energy, oil and gas, and infrastructure sectors. The majority…
Based on robust internal fundamentals and low inflation forecasts, India’s major economy will continue to grow at the fastest rate in the world in the 2023–24 fiscal year, according to a report released by the finance ministry on Monday. The Monthly Economic Review’s September issue also noted that recent events in the Persian Gulf have…
Private equity investment in India’s real estate sector fell precipitously during the first quarter of 2023, with only $0.05 billion (or 370 crores) spent, a startling 95% decrease from the $1 billion invested during the same time in 2022. Due to growing concerns about a global recession, rising capital costs, and a mismatch in investors’…
Sensex and the Nifty gained 1.68% during the week, boost by falling crude prices and a decline in domestic bond yields. Autos were top losers while banks, capital goods, and healthcare were top gainers. In the last couple of sessions, the oversold U.S. market rebounded, which provided much-needed support for Nifty to come out of…
