October 29, 2024
Diwali sales set to hit US$ 50.57 (Rs 4.25 trillion); traders prep for festive boom
As Diwali approaches, markets across India, especially in Delhi, with US$ 8.92 billion (Rs. 75,000 crore) in sales, are preparing for a festive shopping surge with vibrant decorations and enticing discounts.
Prime Minister Mr. Narendra Modi and Spanish Prime Minister Mr. Pedro Sanchez inaugurated the TATA Aircraft Complex in Gujarat, aiming to enhance bilateral ties and advance the ‘Make in India, Make for the World’ initiative.
Indian retail space leasing to continue momentum, likely to top 6.5-7 million sq. ft. in 2024
The Indian retail market is experiencing strong leasing activity across top cities, with over 6.5 million sq. ft projected by year-end, led by fashion and apparel, food & beverage, and entertainment sectors.
Consumers exploring both luxury, sustainable mobility alternatives: Survey
A Grant Thornton Bharat survey reveals that 85% of Indian consumers are considering premium vehicles, with a notable shift towards hybrids (40% interest) as they await better EV infrastructure and incentives.
India, Saudi to discuss ways to increase cooperation in energy, digital infra, manufacturing
Union Minister of Commerce & Industry, Mr. Piyush Goyal, will explore collaboration with Saudi Arabia in renewable energy, digital infrastructure, and manufacturing while promoting India as a prime investment destination at the Future Investment Initiative in Riyadh.
India hands over rooftop solar systems at religious sites in Sri Lanka
India has provided rooftop solar systems to key religious sites in Sri Lanka, strengthening its energy partnership, with handovers conducted by representatives from the Indian High Commission, Ceylon Electricity Board, and Sri Lanka Sustainable Energy Authority.