ENLIGHTENED POST

Explore, Engage, Enlighten

MARKET BEAT

Indian Markets Slide Ahead of U.S. Elections, Fed Rate Decision, and Weak Q2 Earnings

India’s key equity indices opened lower on Monday, driven by losses in banking, financial, and IT stocks, as investors maintained caution ahead of the upcoming U.S. presidential election and a potential interest rate cut by the Federal Reserve. By mid-morning, the BSE Sensex had dropped 1,014 points (1.27%) to 78,710.36, while the Nifty50 index declined […]

Indian Markets Slide Ahead of U.S. Elections, Fed Rate Decision, and Weak Q2 Earnings Read More »

Quick Commerce Drives Demand for Dark Stores, Sparking Real Estate Shift in India

With the expansion of India’s quick commerce (q-commerce) sector, a substantial rise in demand for dark stores is reshaping the country’s real estate landscape. Dark stores, small urban warehouses designed for rapid order fulfillment, are fast becoming a crucial element in meeting the logistics needs of the q-commerce industry. According to a recent report by

Quick Commerce Drives Demand for Dark Stores, Sparking Real Estate Shift in India Read More »

Dhanteras and the Gold Standard: India’s Timeless Love for the Yellow Metal

As Dhanteras marks the beginning of Diwali, it’s more than just a festive day—it’s a gold rush, celebrating wealth, prosperity, and the promise of a bright future. India, one of the world’s largest gold consumers, celebrates Dhanteras with a dedication to gold-buying that makes it a high point of the market each year. India’s Massive

Dhanteras and the Gold Standard: India’s Timeless Love for the Yellow Metal Read More »

MSMEs Anticipate $12 Billion Boost in Festive E-Commerce Sales

The Indian festive e-commerce market is projected to reach $12 billion between October and December this year, marking a significant 23% increase from last year’s $9.7 billion, according to recent insights from Shiprocket, an e-commerce enablement platform. This growth is expected to be driven by robust demand in sectors such as fashion, electronics, beauty, and

MSMEs Anticipate $12 Billion Boost in Festive E-Commerce Sales Read More »

Blinkit & Zomato’s Year of Transformation

With 2 months still to go for this year to end, Zomato and its subsidiary Blinkit, have already introduced a remarkable lineup of features and updates, each designed to enhance convenience, affordability, and support for customers, businesses, and local entrepreneurs. Here’s a comprehensive look at the highlights from their innovative journey so far in 2024: 

Blinkit & Zomato’s Year of Transformation Read More »

Global Growth Outlook: U.S. and India Lead Amid Economic Uncertainty

The U.S. economy is set to continue driving global growth through the remainder of 2024 and into 2025, propelled by strong consumer spending that has withstood high inflation and the elevated interest rates aimed at curbing it, according to the International Monetary Fund (IMF). In its latest World Economic Outlook, the IMF revised its U.S.

Global Growth Outlook: U.S. and India Lead Amid Economic Uncertainty Read More »

India leads global AI app market with 21% of downloads in 2024

India has become the largest market for AI mobile application adoption, accounting for 21% of global downloads in the first eight months of 2024, as reported by Sensor Tower. Over 2.2 billion downloads were recorded worldwide during this period, with popular AI apps like ChatGPT, Microsoft Copilot, and Google Gemini driving this surge. Despite India’s

India leads global AI app market with 21% of downloads in 2024 Read More »

World Bank raises South Asia growth forecast to 6.4%, citing strong Indian demand

The World Bank has revised its South Asia growth forecast for 2024 upward to 6.4%, up from the earlier estimate of 6.0%, driven by strong domestic demand in India and quicker-than-expected recoveries in countries like Sri Lanka and Pakistan. India’s economic growth forecast for the fiscal year ending in March 2025 was raised to 7%,

World Bank raises South Asia growth forecast to 6.4%, citing strong Indian demand Read More »

RBI holds repo rate at 6.5%, shifts stance to neutral

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the tenth consecutive meeting on October 9, 2024, with five out of six members voting in favor of the status quo. However, the MPC unanimously shifted its policy stance from “withdrawal of accommodation” to “neutral”, allowing

RBI holds repo rate at 6.5%, shifts stance to neutral Read More »

India and UAE to establish $2 billion food corridor, boosting farmers’ income and job creation

India and the United Arab Emirates (UAE) are set to create a food corridor with an investment of $2 billion aimed at catering to the UAE market and beyond, while also benefiting Indian farmers and generating employment, announced Union Minister Piyush Goyal. During the 12th India-UAE High-Level Task Force on Investment, Goyal revealed that a

India and UAE to establish $2 billion food corridor, boosting farmers’ income and job creation Read More »