FMCG companies are facing a double whammy. Consumers have become more cautious due to rising inflation. And input costs – including crude oil – threaten to cast a long shadow over their profits. And that comes when the festival season is just around the corner. Should FMCG companies be concerned? And what can be the way out?
While FMCG companies sweat to get their strategies right in the fight against inflation, the Indian e-gaming industry is fighting for survival, it seems. Faced with cumulative GST demands of over Rs 55,000 crore, they plan to file a lawsuit. Even as they brace for the impact of the 28% VAT regime, these notices, which they say are “backdated”, could cause further problems for them. Will Indian e-gaming survive the tax hit?
Shares of leading real-money gaming company Delta Corporation recently hit a 52-week low. But the plight of Indian real estate was a contrasting study. This is expected to increase to $5.8 trillion by 2047, contributing almost 16% to the country’s GDP. On the stock markets, the gauge for tracking related stocks is hovering near all-time highs, up 50% in six months. Discover your investment strategy for the real estate sector.
The revival in real estate demand is indeed good news, not only for the sector but also for the country’s economy. Bengaluru was one of the major cities where real estate prices increased significantly. The average appreciation last year was an impressive 10%. But India’s IT capital looked almost deserted for the past two days. Pro-Kannada units and farmer unions had called for a two-day ‘bandh’ against release of 5,000 cusecs of Cauvery water to neighboring Tamil Nadu for 15 days. But why has this Cauveri conflict flared up again? Listen to this episode of the podcast for answers.
First print: September 29, 2023 | 0:04 am IST