Spends in October registered a growth of over 25 per cent month-on-month, despite a high base of last month. On a year-on-year basis, credit credit card card spends jumped 56 per cent. In the corresponding period last year, credit card spends were to the tune of ₹64,891.96 crore.
The earlier highest one-month spend came in September this year at ₹80,477.18 crore. The month before, spends were nearly ₹77,981 crore. Spends recorded in the past few months have been much higher than that of pre-pandemic levels. In January and February of 2020, credit card spends were ₹67,402.25 crore and ₹62,902.93 crore, respectively.
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Breweries stir up barrels with mercury rising
Firms ramp up production, diversify offerings on record summer sales forecast Bengaluru,
Spice row: Norms for pesticide residue stringent, says gov
AKSHARA SRIVASTAVA & SANKET KOUL New Delhi, 5 May India has some of the most stringent norms for pesticide residues limit in food items, the government asserted on Sunday, amid reports that the regulator permits higher pesticide residues limit in herbs and spices.
Committed to theaterisation of military: Rajnath
The theaterisation process in the military is making progress as consensus is emerging among the three services on the ambitious initiative, Defence Minister Rajnath Singh (pictured) said in first clear remarks reflecting forward movement in the mega reform initiative.
THE EXPENDABLES
Is the COO position becoming redundant?
Small is beautiful, but not always
For most SFBs, being a small bank is part of their journey, not the destination
A case for making RBI regulations plain, simple
The April bulletin of the Reserve Bank of India (RBI) has an interestin 'Gauging Linguistic Complexity of on Regulatory Communication'.
Sequence of returns' big impact on final corpus
Prem invests 1 lakh per annum for 30 years, earning 12 per cent per annum for the first 15 years and 6 per cent for the next 15 years.
Protecting streedhan: Maintain inventory, store in woman's locker
The husband's family should also document all gifts to avoid false allegations
M&M's growth engines roar to life, launches to drive gains
SUCCESS MILEAGE: Investor confidence accelerates with growth focus
'Elections stoke volatility but don't alter market dynamics'
With less than a month remaining until the declaration of results for the 18th Lok Sabha elections, the markets are witnessing a spike in volatility. While the victory for the incumbent Bharatiya Janata Party government has largely been factored into market expectations, the uncertainty surrounding the allocation of seats is stirring some apprehension among investors. NIKET SHAH, the newly appointed chief investment officer (CIO) at Motilal Oswal Mutual Fund (MF), suggests that if the ruling coalition fails to secure a substantial majority, it could exacerbate short-term market volatility. Shah, who oversees assets valued at â¹46,000 crore, shares with Abhishek Kumar via email that valuations remain reasonable, and the potential for higher earnings growth is bolstering the ascent of small and midcap stocks. Edited excerpts:
