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The Indian retail jewellery industry is expected to witness a 10-12% growth in domestic jewellery consumption for FY2024, revised up from an earlier estimate of 8-10%, driven by the rise in gold prices. However, ICRA projects a moderate growth rate of 6-8% in H2 FY2024 due to tepid rural demand amid persistent inflation.
While a prolonged blockage of this vital trade route could impact company earnings, analysts said that it’s too early to gauge the full extent of the potential repercussions.
The all-India production of bulk teas in the first 10 months of CY2023moderated by 22 Mkg (~2%) on a YoY basis and ICRA expects the full-year production to ease by ~1% compared to CY2022. Tea output in Kenya is likely to increase in CY2023 over the previous year, given that their production in 8M CY2023 is already up by ~7% on a YoY basis.
Even though the final text of the COP28 Declaration disappoints in enforcing binding targets on GHG emissions by 2050, the Dubai summit is another milestone after the 2015 Paris Agreement. Much has been put into a global agreement for the first time, , COP 28, Magazine 30 December 2023, unfccc, UNFCCC COP28
Business News: Indian airline industry expects to reduce net losses in FY2023 to Rs 3,000-5,000 crore from an estimated Rs 17,000-17,500 crore. ICRA predicts domesti