India’s urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance’s retail unit have reported softer consumption, impacting their earnings and the broader economic outlook.
Related Posts
From backyard of Palisades Highlands: How the devastating LA wildfire started
A devastating wildfire in Los Angeles, fueled by high winds and dry conditions, has resulted in 11 fatalities, destroyed thousands of homes, and forced widespread […]
Bat size row: Narine, Nortje fail ‘gauge test’ in PBKS vs KKR game
IPL-2025 has seen increased scrutiny of bat sizes, with on-field inspections now common. Sunil Narine and Anrich Nortje of KKR recently failed the gauge test, […]
‘Snowball’s chance in hell’: Trudeau rejects Trump’s call for Canada-US merger
Outgoing Canadian Prime Minister Justin Trudeau dismissed the idea of merging with the United States, following US President-elect Donald Trump’s suggestion of using ‘economic force’ […]