Indian mall operators are projected to see revenue growth of 12-14% this fiscal year, driven by new acquisitions and rising occupancy rates. This growth is significant for the retail sector amid favorable economic conditions.
Economy
India is on alert for air travel disruptions due to volcanic ash from Ethiopia's Hayli Gubbi volcano. The DGCA has issued advisories for airlines to avoid affected areas.
Boeing is making progress in addressing quality issues at its 737 jet plant, focusing on safety and employee feedback. This is crucial for restoring trust after past crises.
South Korea's ruling party has introduced a bill to create a fund for $350 billion in U.S. investments, crucial for tariff reductions. This move aims to strengthen economic ties with the U.S.
The Indian government released a draft Seeds Bill to modernize seed regulations, but farmers express concerns over its impact on their rights and costs.
Africa is experiencing a surge in solar power installations, driven by a significant influx of Chinese solar panels. This shift is crucial for addressing the continent's energy needs.
Indian electronics firms are experiencing delays in joint ventures with Chinese companies due to policy inconsistencies from Beijing. This impacts India's goal for self-sufficiency in component manufacturing.
The Confederation of Indian Industry is hosting a conclave in Mysuru on December 3 to discuss GST 2.0 and AI technologies in finance. This event is crucial for finance leaders navigating regulatory changes and economic uncertainty.
Airtel claims Tejas Networks' equipment is sub-standard, causing interference. Tejas denies this, blaming Airtel's site placement.
Serbia's only oil refinery may shut down in four days due to U.S. sanctions on its majority Russian ownership. President Vucic warns of severe economic impacts.
The YSR Congress Party has accused the coalition government of misleading the public and worsening farmer crises through policy failures. This criticism highlights ongoing agricultural distress in Andhra Pradesh.
India's imports of Russian oil are expected to decline significantly in December due to tightened Western sanctions. This marks a three-year low for Russian oil imports.