Indian Economy News

May 08, 2024

April fuel consumption rises by 6.1% year-on-year: Oil Ministry data

In April, India's fuel consumption rose by 6.1%, reaching 19.86 million metric tons, driven by pre-election activity in the country.

India seen as 'friendly, fair' as well as 'firm, fiery' nation: External Affairs Minister Mr. S Jaishankar

External Affairs Minister Mr. S Jaishankar highlights India's dual image as "friendly and fair" yet "firm and fiery," showcasing its commitment to citizens in crises.

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

India's FMCG industry experienced a notable 6.5% volume growth in January-March 2024, with rural consumption surpassing urban for the first time in five quarters.

54% equity mutual funds outperformed their benchmarks in April

In April, 54% of equity mutual funds beat benchmarks, with 143 out of 265 schemes exceeding performance forecasts.

Make in India: Tata Electronics begins limited export of semiconductor chips

Tata Electronics starts exporting chips from Bengaluru to global partners while preparing a chip packaging unit in Assam and a foundry in Gujarat.

Macrotech Developers to launch 17 housing projects worth US$ 1.44 billion (Rs. 12,000 crore)

Macrotech Developers aims to launch 17 housing projects this fiscal, eyeing US$ 1.44 billion (Rs. 12,000 crore) revenue, driven by strong demand following record sales in 2023-24.

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