Fri, Feb 9, 2024 3:35 PM
KCP Standalone December 2023 Net Sales at Rs 420.78 crore
A Flip by Shubhangi Gupta
Air India will see progress on various key initiatives, including refitting of wide-body and narrow-body planes, in 2025, as well as tightening practices and processes to ultimately become profitable, the airline’s chief, Campbell Wilson, said on Friday. After taking over the loss-making Air India from the government in January 2022, Tata Group has been working on an ambitious transformation.
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The year 2024 was a strong one for equities, and election mandates globally have paved the way for a strong 2025. Money supply is expected to grow globally, with: 📌The US set to cut income tax rates, 📌China increasing its stimulus to revive the economy, and 📌The Indian BJP manifesto aiming to increase Capex and jobs. Indian equities underperformed globally in 2024 due to lower credit.
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The Indian rupee has depreciated 2.3% against the dollar in 2024, reaching a record low of 85.12. However, at the same time, rupee volatility remains low compared to historical levels and other Asian currencies. High US yields and a strong dollar have primarily weighed on the rupee, while rangebound oil prices and RBI interventions have provided some support.
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