Manjul Paul

A rural slowdown is dragging down the demand outlook in the fast-moving consumer goods (FMCG) sector. But companies are hopeful of a turnaround later this year.

The year 2023-24 saw projects worth ₹ 27.1 trillion being announced across the country, down 31% after two years of sharp growth. But the decline was due to the high base of last year.

The Indian tech startup ecosystem saw a decline in venture capital funding during the first three months of 2024, reversing the moderate growth in funding over the previous three quarters.

FY24 clocked the slowest pace of electric two-wheeler sales growth since FY21—a 29.9% growth rate for sales of 941,745 units

With India's share markets touching new highs, the number of companies that tapped into the public markets also rose to a 16-year high in 2023-24. The amount raised through these main board IPOs rose almost 19%.

A Mint analysis of IMF's India GDP projections since 2019-20 found that the global body's predictions typically struggle to match the actual growth figures.

The three IT majors that have announced their earnings reported a marginal increase in wage costs as a share in revenue in the March quarter, even as employee strength saw significant losses.

Nearly one in four Indians said in a pre-poll survey that price rise would be the most important issue while voting this time. The government has claimed success against inflation, but it sure is nervous, as recent price cuts suggest.

But excluding companies in the banking, financial services, and insurance sectors, the topline grew 4.8% while profits were down 19.4%

EY audited the most firms, followed by KPMG Group. On average, audit firms scrutinsed 2.35 companies in FY24, up from 2.22 in FY23.