Snacking doesn’t grow for 1st time since Covid
Snack demand in India remained stagnant in FY25 due to factors like consumption fatigue and high prices, with households maintaining or slightly reducing purchases of biscuits and noodles. While larger brands experienced slower growth, some consumers shifted to local brands to save costs. Companies are now focusing on flexible pricing and pack sizes to boost … Read more
IT salaries rise 12-37% since FY21, linked to business growth
Indian IT firms like Infosys and Wipro have seen median salary growth of around 30% since FY21, reaching approximately Rs 10 lakh. Global companies Cognizant and Accenture experienced increases of 12% and 17.5% respectively. However, growth rates have generally declined across the industry, influenced by factors like competitive intensity and inflation.
Relief rally: Sensex soars 3,000 points in week
Dalal Street witnessed a significant rally following the Indo-Pak ceasefire, adding over $300 billion to investor wealth. The Sensex and Nifty climbed, fueled by foreign and domestic fund inflows, a fall in retail inflation, and expectations of RBI rate cuts. Smallcap and midcap stocks outperformed, with defense and railway sectors experiencing substantial gains.
Rupee drops 22 paise to settle at 85.54 against dollar amid importers demand, FII outflows
The Indian rupee weakened to 85.54 against the US dollar due to importer demand and foreign fund outflows, despite support from domestic equity gains and lower crude oil prices. Forex traders noted the rupee’s decline of 22 paise, influenced by geopolitical factors and dollar strength.
Trade unions postpone nationwide strike to July 9 amid India-Pakistan tensions
Central trade unions have postponed their nationwide general strike, initially planned for May 20, to July 9, 2025. This decision follows the Pahalgam terrorist attack and subsequent military actions, prompting a responsible response from the unions. Despite the postponement, they remain committed to opposing the Labour Codes and addressing worker exploitation, accusing employers of anti-worker … Read more
India’s first monthly job survey shows 5.1% unemployment rate in April 2025
India’s unemployment rate reached 5.1% in April 2025, according to the first monthly labour force data released by the Ministry of Statistics and Programme Implementation. The survey, based on the Current Weekly Status, revealed a higher unemployment rate among youth aged 15-29 years, especially young women in urban areas. The Labour Force Participation Rate stood … Read more
