Shashwat Goenka, Vice Chairman of RPSG Group, discusses the group’s plans for transformation and growth in various sectors. He highlights the infrastructure development and talent attraction in Kolkata, the turnaround of Spencer’s Retail, and the expansion plans for the value and luxury segments. Goenka also discusses the growth of Too Yumm, the opportunities in the BPO industry, the focus on renewable energy, and the transformation of Saregama in the digital era.
United Breweries Ltd reported a more than five-fold increase in net profit for the January-March period. Revenue from operations rose by 17%. The total income for the fiscal year also showed growth. The company recommended a final dividend. United Breweries shares closed higher. The company highlighted volume growth and performance in the premium segment.
The industry sold 3.38 lakh units in April 2023, a slight increase from the 3.32 lakh units sold in the same month last year.
The West Assam Milk Producers’ Co-operative Union Ltd. (WAMUL), popularly known as Purabi Dairy, recorded a 28% growth during the 2023-24 fiscal with a turnover exceeding ₹262 crore. The sale of milk products such as curd, ghee, paneer, and lassi also saw a significant increase. This growth can be attributed to the expansion of the business in new markets, including the Tinsukia and Dhubri districts. The Indian Army’s demand for fresh milk has also played a role in the dairy’s success. WAMUL is aiming for a turnover of more than ₹350 crore in the current fiscal year.
Digital engineering company Nagarro achieved revenue of over $1 billion in the 2023 financial year, representing a growth of 9.4% in constant currency. The company recorded strong growth in industries such as automotive, manufacturing, healthcare, energy, financial services, and retail. The number of clients with annual revenues of more than ₹1 million also increased significantly in 2023. Nagarro’s annual report highlighted reduced wage inflation and moderate attrition levels in India’s IT services sector. The company introduced an employee share program called MyN, with participation from around 10% of its employees.
The India Meteorological Department (IMD) forecasts “above normal” rain for the June-September monsoon in India, which is expected to boost agricultural prospects and ease inflationary pressure. IMD defines average or normal rainfall as ranging between 96% and 104% of the long period average. Other weather signals, such as La Niña conditions, positive Indian Ocean Dipole, and below-normal snow cover, also indicate abundant rain. The monsoon is crucial for India’s agriculture sector, contributing to 14% of GDP and supporting over half of its population.
India has been the fastest growing economy in the last three financial years, as stated by Finance Minister Nirmala Sitharaman. This article discusses the growth of the Indian economy and its impact on various sectors.
India has the potential to achieve high economic growth by 2024-04-10, with or without the implementation of a faster mode of transportation. The country’s strategic location, young workforce, and focus on innovation and technology are key factors contributing to its growth. While a faster mode of transportation can further enhance India’s economic development, existing infrastructure and investments in various sectors already provide a solid foundation for growth. Read more to understand the growth prospects of India.
The services sector in March experienced a significant growth due to a strong demand, indicating a positive trend in the economy.
BillDesk, a leading technology company, has reported a slight growth in revenue and a fall in profit in the fiscal year 2023. The company’s financial statement indicates that despite the challenges faced, it managed to maintain a positive revenue trend. Further insights and information are available in the article.
