Construction costs in India are projected to climb 3-5% this year due to rising input prices, including labour. While some material costs saw minor dips, others surged. New labour codes and skilled worker shortages are significant drivers. Despite these pressures, underlying housing demand remains robust, with industry players focusing on cost optimization.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.