The slowdown in sales growth for large quick-service restaurants, lifestyle, apparel, and discretionary products in India has been observed in the March quarter and in April. This slowdown is attributed to higher inflation, moderation in pent-up demand, and tighter financial conditions. While retail sales grew in strong double digits consistently over the past year, it slowed to 6% in both March and April – the slowest sales expansion in over 14 months, according to Retailers Association of India (RAI).
Sebi proposes changes to simplify nomination rules
Sebi has proposed simplifying nomination rules for demat accounts and mutual fund folios, making it the default option for new investors. This change aims to