Country Garden’s sales slump worsens in January adding to woes

Feb 10, 2025 04:25 PM IST Country Garden Holdings Co.’s sales slump dragged on in January, as new residential transactions countrywide resumed falling on weak sentiment. (Bloomberg) — Country Garden Holdings Co.’s sales slump dragged on in January, as new residential transactions countrywide resumed falling on weak sentiment. Country Garden Holdings Co.’s sales slump dragged […]

Economy

Middle East’s share in India’s crude oil imports at over 2-year high in January

The year commenced on a positive note for the Middle East as Indian refiners topped up on crude oil supplies from their traditional suppliers, catapulting their share to a 27-month high. According to energy intelligence firm Vortexa, Indian refiners continued their higher procurement from Iraq, Saudi Arabia, the UAE, Kuwait, Oman and Qatar for the […]

Auto retail sales up 7% in January: FADA

NEW DELHI: Automobile retail sales rose 7% year-on-year in Jan to 22.9 lakh units, driven by robust demand across segments, dealer body Federation of Automobile Dealers Associations (FADA) said.“Our observations indicate that each vehicle category – 2-wheeler, 3-wheeler, passenger vehicles, tractor and commercial vehicles – witnessed positive momentum, pointing towards sustained consumer confidence and steady […]

Economy

January 2025 proves warmest across globe despite developing La Niña conditions 

January 2025 continued to record temperatures observed across the globe throughout last two years, despite the developing La Niña conditions in the tropical Pacific and their temporary cooling effect on global temperatures.  A La Niña is the alter ego of El Niño (considered a monsoon-killer for India) when sea-surface temperatures (SSTs) rise anomalously over west […]

Economy

India Manufacturing PMI growth hits 6-month high of 57.7 in January

Export-led output drove manufacturing sector growth in January, with the Purchasing Managers’ Index (PMI) for the month surging to a six-month high of 57.7, the survey report released by S&P Global said on Monday. While job creation was good, input prices were down, though price realisation from output was better. “Domestic and export demand were […]

Economy

Truck rentals rebound in January, driven by movement of winter fruits & vegetables

Truck rentals on major trunk routes saw a notable rebound in January 2025, driven by improved cargo availability. This increase was largely attributed to the seasonal influx of winter fruits and vegetables, which significantly boosted freight movement and transportation demand. According to the Shriram Mobility Bulletin, truck rentals recovered smartly in January, reflecting the impact […]

Economy

Truck rentals rebound in January, driven by movement of winter fruits & vegetables

Truck rentals on major trunk routes saw a notable rebound in January 2025, driven by improved cargo availability. This increase was largely attributed to the seasonal influx of winter fruits and vegetables, which significantly boosted freight movement and transportation demand. According to the Shriram Mobility Bulletin, truck rentals recovered smartly in January, reflecting the impact […]

GST collections for January stand at 1.95 lakh crore, highest since April 2024, ETCFO

GST collections for January 2025 By Siddhi NawarIndia’s Goods and Services Tax (GST) Revenue for January 2025 stood at Rs. 1,95,506 crores, marking a 12.3% increase from Rs. 1,74,106 crores in January 2024, as indicated by the country’s gross and net GST collections data. This number marks the country’s highest GST revenue, since April 2024. […]