India’s affluent consumer base is projected to surge from 2.6 crore in 2026 to 10.8 crore by 2036 BENGALURU: India is projected to have 10.8 crore affluent consumers by 2036, marginally surpassing China’s 10.3 crore, according to the latest report by NielsenIQ (NIQ) and World Data Lab.The report defines affluent consumers as people spending more…
India’s corporate earnings rebound strengthens MUMBAI: The pace of earnings growth of the top 500 companies in the country during April-June quarter (Q1 of FY27) stood at 13% on an annual basis. But, excluding oil marketing companies, that are facing huge input cost pressures due to the war in West Asia, earnings growth was 23%,…
Rupee climbs to 95.64 against US dollar Rupee started the week on a strong note, rising 7 paise to 95.64 against the US dollar in early trading. However, the gains remained limited as geopolitical concerns, crude prices and steady importer demand weighed on the domestic currency.The currency’s movement was largely confined to a narrow range….
HSBC India CEO Hitendra Dave says the bank is doubling down on affluent banking, while eyeing growth in wealth management, digital services and cross-border offerings MUMBAI: HSBC has been in India since 1853 and has maintained the most consistent retail presence among global banks. Its Indian operations have doubled pre-tax profits in four years, making…
KPMG Australia to cut 5% of workforce amid scandal, weak growth outlook KPMG Australia is reducing its workforce by about 5% as the firm continues to deal with the fallout from a scandal involving confidential client information and faces a subdued economic outlook.The cuts will affect 27 partners and about 360 employees, with consulting and…
After two consecutive weeks of declines, Indian equity markets could see some consolidation, with crude oil prices and developments in the US-Iran conflict likely to remain key drivers of market sentiment, analysts said. Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services, said Brent crude prices above $90 a barrel would be closely…
Top stocks to buy in week starting August 24, 2026 Stock market recommendations: Crompton Greaves, and ICICI Prudential AMC- these are the top stocks that have been picked by Motilal Oswal Wealth Management Research Desk as stock recommendations for the week starting August 24, 2026: Stock Name CMP (Rs) Target (Rs) Upside (%) Crompton Greaves…
India steps up Latin America outreach, with Chile trade pact talks and engagements with Argentina, Brazil NEW DELHI: Amid the global turbulence, govt is stepping up its engagement with Latin America, seeking to diversify its trade basket with talks with Chile scheduled for later this week to finalise a comprehensive trade treaty.Commerce secretary Rajesh Agrawal…
Oil prices slip over $1 per barrel Oil prices eased more than $1 a barrel on Monday as investors booked profits ahead of a US announcement on new sanctions against Iran, with markets weighing the possibility of further disruption to Middle Eastern supplies.Brent crude declined 1.90% to $92.60 a barrel while WTI crude fell 1.96%…
Shriram Finance sees strong CV demand despite price hikes, while EV financing jumps fivefold to Rs 250 crore monthly MUMBAI: Price hikes in commercial vehicles are unlikely to dent demand, according to Shriram Finance (SFL), the largest financier of CVs, in the wake of commodity inflation-driven price hikes.SFL is also seeing a surge in electric…
