At the end of a tough week, glasses will finally clink in Gujarat's GIFT City. The dry state has given the special economic zone the freedom to serve alcohol to employees and authorized visitors. Will it lift the spirits of GIFT City, which some think turns into a ghost town after work?
Some news reports, meanwhile, suggested that Tesla's plan to set up a factory in India is likely to be announced at the upcoming Vibrant Gujarat Summit. This brings us to Tesla boss, Elon Musk. Musk was in the spotlight after his 2022 acquisition of Twitter, which was renamed X this year. Besides Musk, there are four other personalities who have kept journalists busy and people hooked in 2023.
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Let's now turn our attention to the financial markets. Weaker than expected festive demand, rainfall deficit, unseasonal rains and higher commodity prices made for a difficult market recipe for the FMCG sector to digest this year. In fact, it posted less than 5% year-on-year growth in net sales in the September quarter of FY24, which was the slowest growth they reported in the post-pandemic period. But will the sector be able to make the change in 2024?
Experts expect that the last week of 2023 could be slow as many FIIs will be in holiday mode. Meanwhile, the government is all set to hand over a New Year gift to the common man of the country. Prime Minister Narendra Modi will inaugurate the Amrit Bharat Express on December 3. Most likely from Ayodhya. But how is it a gift for the common man? And how different is this train from others? Listen to this episode of the podcast for answers.
First print: December 30, 2023 | 12:13 pm IST