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Assam Budget: Planters, Traders Say Subsidy, Incentive Proposals To Boost Tea Sector
State Finance Minister Jayanta Malla Baruah, in his maiden budget, announced a subsidy of Rs 3 per kg for export-oriented and premium-quality Assam CTC tea for the first time.
Harleys, AI PCs, premium TVs: Amazon Prime Day suggests India's premiumisation story is moving beyond metros
Amazon India's Prime Day sale revealed significant premium product demand from smaller cities. Sales of luxury beauty and grooming items saw substantial year-on-year growth. Customers also purchased larger televisions and premium motorcycles, with many buyers from tier-2 and tier-3 locations. New Prime memberships and small business participation increased outside major metropolitan areas.
Bengaluru, Mumbai, Delhi NCR: A tale of three housing markets
Bengaluru's housing market shows strong growth fueled by its expanding technology sector. Mumbai remains India's largest residential market, absorbing new supply effectively. Delhi-NCR faces a slowdown as premium homes dominate its available inventory. These contrasting trends indicate future property cycles will depend on job and investment growth. Infrastructure development is increasingly shaping buyer decisions across these key cities.
India's middle class may have little room in the richer housing market
India's residential property market delivered one of its strongest first-half performances in over a decade, with home sales staying near record highs even as growth stabilised. Knight Frank India says premium housing is now driving the market, while affordable homes continue to shrink. Mumbai led sales, Bengaluru posted the fastest growth and NCR remained the weakest market.
India's diamond export pain is hiding a brighter story at home
India's diamond exports have declined over recent financial years. Retail giants are increasing investments in both natural and lab-grown diamonds. This domestic focus targets a growing demand from younger Indian consumers. Retailers are expanding offerings to cater to evolving preferences for lightweight jewelry. Natural diamonds continue to hold a significant position in premium portfolios.
Laser Power and Infra IPO Day 2: Check latest GMP, subscription status, and other details - Should you apply?
Laser Power & Infra's IPO opened on July 9, closing on July 13, with a price band of ₹203-214 per share. The IPO was subscribed 0.17 times by Day 1, with a strong grey market premium suggesting a debut price of ₹238. Shares list on July 16.
Honda wants more of its premium motorcycles to come to Indian factories
Honda Motorcycle and Scooter India plans to expand and localise its premium motorcycle range if the segment's strong growth holds, as rivals TVS, Hero and Bajaj race to capture the same young, aspirational buyer.
Bajaj Finserv Q1 Update: Bajaj General premium up 22% YoY to ₹1,760 crore
Shares of Bajaj Finserv Ltd ended at ₹1,894.25, up by ₹39.60, or 2.14%, on the BSE.
India’s defence stocks are expensive for a good reason
Defence stocks in India are trading at a 50% premium to global peers because growth has yet to unfold.
Marico targets Rs 15,000 crore revenue in FY27, eyes Rs 20,000 crore by FY30 on premiumisation push
Marico aims for Rs 15,000 crore revenue by FY27 and Rs 20,000 crore by FY30. The company is focusing on premium products and expanding its digital-first brands. Its total addressable market is expected to triple by FY30. Marico's digital-first portfolio already generates over Rs 1,100 crore annually. The foods business crossed Rs 1,000 crore revenue in FY26.
Private life insurers outpace LIC in new business premium growth
Life insurers saw a 16.6% rise in new business premium during the April-June quarter. Private sector firms expanded faster than LIC, driven by regular premium products. Regular premium collections grew nearly twenty percent year-on-year, while single premium business increased. SBI Life Insurance emerged as the fastest-growing player among listed companies. Private insurers continue gaining market share while LIC retains its dominant position.
Private life insurers outpace LIC in new business premium growth
Life insurers saw a 16.6% rise in new business premium during the April-June quarter. Private sector firms expanded faster than LIC, driven by regular premium products. Regular premium collections grew nearly twenty percent year-on-year, while single premium business increased. SBI Life Insurance emerged as the fastest-growing player among listed companies. Private insurers continue gaining market share while LIC retains its dominant position.