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consumer landscape is shifting in various ways which keeps retailers on toes. Recently released Household Consumption Expenditure Survey data showed Indians are spending less on food, particularly staples like rice and wheat, and more on discretionary items such as processed food, as well as durables like televisions and fridges. Already a premiumisation trend is sweeping across categories for the past few years. Charting out shifts in India's retail sector, a joint study by Boston Consulting Group (BCG) and Retailers Association of India (RAI) brings good news as well as bad news for Indian retailers. The good news is Indian retailers have a vast business growth opportunity to capture. India continues to be a bright spot among top global economies with a robust GDP growth of 7% in 2023. It is projected to overtake Germany & Japan to claim the 3rd spot by 2030. Private consumption at the same time remains strong. India retail is expected to reach $2 trillion in the next 10 years and presents a large opportunity for retailers, says the report titled 'Unlocking the $2Tn retail opportunity in the next decade'.

Signature Global is expected to reach Rs 10,000 crore pre-sale in 2024-25, as it has planned three launches spread across 8-10 million sq ft. The company has already exceeded the guidance of Rs 4,500 crore this financial year as it generated Rs 3600 crore from its latest premium housing residential development project on Dwarka Expressway. “We had reported Rs 3,124 crore pre-sale in the quarter ending December 2023. With this sale, we are confident of reaching Rs 7,000 crore in FY 23-24 and then expecting 25-30% jump in FY 24-25, taking the number to Rs 9500-10,000 crore,” said Pradeep Kumar Aggarwal, chairman and wholetime director of the company.

NDVR, a Boston-based wealth management firm with a heavy focus on technology, has just unveiled a novel solution that allows financial advisors to manage and optimize client portfolios.

Jessica Gelman has become an influential leader and innovator in the sports industry

Eastman Kodak Co. is disbanding the team that manages the firm’s $4 billion of pension investments, according to people with knowledge of the matter. 

Stocks that traded heavily or had substantial price changes on Wednesday: Boston Beer, Urban Outfitters fall, Alcon, Axon Enterprise rise

FORT LAUDERDALE: A ship powered by renewable energy, including hydrogen produced onboard, is docked in the southeastern US state of Florida this week as it prepares to finish the last leg of a voyage around the world. The 100-foot catamaran, dubbed the Energy Observer, has logged 63,040 nautical miles without using fossil fuels since it first started sailing in 2017. This particular trip around the world started in 2020. The mission has tested renewable energy — including by using solar panels and advanced sails called "oceanwings" — as a power source in multiple climates off the coasts of Africa, Asia and Antarctica.

Gold prices held ground on Thursday as traders awaited the Federal Reserve's preferred inflation gauge due later in the day that could provide a fresh perspective into when the U.S. central bank could start cutting interest rates. FUNDAMENTALS

Stocks are drifting on Wall Street, and the S&P 500 is edging down by 0.1%

Bloomberg. As per the report, the share of food in monthly consumption in rural areas declined to 46.4 percent in the latest survey, from 53 percent in 2011-12. The non-food consumption increased to 53.6 percent from 47 percent, the survey showed as reported by Bloomberg.

Officials with Massachusetts and Vineyard Wind say the wind farm under construction off the state’s coast has begun delivering energy to the power grid from five of its planned 62 wind turbines

frozen lake and swimming laps may not be everyone's good time but for winter swimmers who return year after year to a northern Vermont lake near the Canadian border, there's nothing better. The 10th annual Memphremagog Winter Swimming Festival kicked off Friday with the 200-meter (218-yard) freestyle race in a narrow pool cut from the ice. But the festivities started Thursday and on Friday morning some of the 180 participants swam a lap wearing a decorated hat. «It was amazing. It's the highlight of my year,» said Andie Nelson, of Arlington, Virginia, after swimming 25 meters (27 yards) in the hat competition. «It makes me happy.»

There has been a lot of discussion about the fate of the 401(k) system in the month since a pair of academics proposed killing the tax preferences for 401(k)s to help shore up Social Security.

By Jonathan Stempel

The former wealth head of First Republic Bank, one of the casualties of last year’s regional banking crisis, has entered into a partnership with Boston-based private equity firm Summit Partners as he seeks to launch a new RIA.

United Airlines flight from San Francisco to Boston was diverted to Denver on Monday after the plane’s wing started coming apart mid-flight — and a passenger managed to capture footage of the unnerving issue.Kevin Clarke pulled out his phone to record video of damage to the plane’s structure, which appeared to show the wing slat missing large chunks and beginning to separate from the rest of the wing.“Just about to land in Denver with a broken wing on the plane,” Clarke can be heard saying in the video.Clarke told WCVB that as the wheels lifted off in San Francisco, he felt an “incredibly strong vibration” and started to become worried about the plane’s shaking.“All of a sudden I hear this loud vibration and noise that I’ve never heard from a plane before and it stopped within seconds and I’m like, well that’s good it stopped,” Clarke told ABC.He told the outlet that the plane’s pilot soon entered the cabin and checked out the wing from a window, before retreating back into the cockpit.“Minutes later, he comes on the PA system and announces that we’ve sustained some damage to the slat underneath the wing,” said Clarke.Another passenger shared a photo of the damaged wing on Reddit mid-flight.“Sitting right on the wing and the noise after reaching altitude was much louder than normal. I opened the window to see the wing looking like this,” user octopus_hug wrote.

crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday «aligned with its efforts to ensure that USDC remained trusted, transparent and safe». Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States.

Tron blockchain network, a decision the company said on Wednesday «aligned with its efforts to ensure that USDC remained trusted, transparent and safe». Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States.

LONDON (Reuters) — British businesses are more optimistic this year about their profits and broader economic growth than they were last year, an annual survey by Boston Consulting Group showed on Wednesday.

United Airlines says a flight heading from San Francisco to Boston had to be diverted after the plane suffered damage to one of its wings

The notable trend of women amassing wealth and gaining prominence as investors is striking. Their wealth is presently experiencing a faster growth rate compared to men, and projections suggest it could reach 35% by 2025. This reflects an annual growth rate of 5.7%, surpassing the 5.2% growth rate observed for men.