GUIDING GROWTH AND DEVELOPMENT
India pitches for global adoption of DPI for sustainable growth: G20 Task Force Report
India has urged the global adoption of Digital Public Infrastructure (DPI) to boost productivity and achieve inclusive and sustainable growth. The G20 Task Force's report, released on Monday, acknowledged India's leadership in DPI and called for discussions to promote global adoption of DPI to accelerate socio-economic growth and development.
Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO
The Q1 has typically been HCL's weakest margin quarter with the top line impacts which have also been seasonal in that sense and Q1 even in the previous two years has been around that 17%, which is where HCL landed up this quarter as well, says CFO Prateek Aggarwal. Typically, Q2 picks up to something like 18% and Q3 is the peak, which goes to 19% plus and then the Q4 again comes back to that same second-quarter level
Make deposits great again: Rather than constrain credit growth through diktats, here's what Budget should do
Budget: While publicly advocating for credit growth, the regulator has simultaneously been restraining financial companies, raising the cost of capital for lending in the unsecured market and constraining credit growth through moral suasion.
Best chess books: Essential reads for beginners, intermediate, and advanced players
Chess is a game of strategy, patience, and skill, and the right books can significantly enhance your understanding and performance. This collection highlights the best chess books, catering to players of all levels. Whether you're a novice looking to grasp the basics or an advanced player aiming to refine your tactics, these books on chess offer invaluable insights, historical context, and expert advice to help you dominate the chessboard.
Proud of its SDG localisation model, India says it has fully integrated SDGs into national development strategies
India's Deputy Permanent Representative to the UN, Ambassador Yojna Patel, highlighted India's full integration of the Sustainable Development Goals (SDGs) into national strategies during the High-Level Political Forum at the UN General Assembly. Emphasizing India's SDG localization model, Patel outlined its foundation on institutional ownership, collaborative competition, capacity building, and a whole-of-society approach. She underscored India's economic growth through systemic reforms, inclusive policies, and Digital Public Infrastructure.
Budget 2024: A look at India’s GDP growth rate before Sitharaman sets the ball rolling in Lok Sabha
Budget 2024 GDP | Finance Minister Nirmala Sitharaman is preparing to unveil Union Budget 2024 in July, underlining India's robust GDP growth. With GDP climbing to 7.8% in Q4 FY24 and an estimated 8.2% for FY24, policies will focus on sustaining growth momentum. The budget aims to align economic strategies with evolving demands amidst global uncertainties.
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Expect 8-10% industry volume growth for FY-25: Mohan Bangur, Shree Cement
So, in the next three quarters, the demand has to meet around 9% to 10% to make up for the lost time. In the first quarter, there were elections, there were water shortage, uncertainty of election results were there, now all those is over.
Indian financial services sector is experiencing a significant upswing: Inventure Growth & Securities’ Kanji B Rita
India's financial services sector is poised for sustained growth. By leveraging the demographic advantage, embracing technological advancements, and prioritizing financial inclusion, a robust and inclusive financial ecosystem can be built, says Inventure Growth’s Kanji B Rita.
Mass entrepreneurship movement: How India's economy is getting reshaped
India's mass entrepreneurship movement, supported by cross-sector partnerships, aims to create 90 million non-farm jobs by 2030.
Works of Ray Dalio for economic wisdom and investment guide
The article lists the influential works of Ray Dalio, a prominent investor and entrepreneur. It begins with "Principles: Life and Work," where Dalio shares the unconventional principles that helped him build Bridgewater Associates into the world’s largest hedge fund. The book emphasizes radical truth and transparency, offering practical lessons on decision-making and management. "Principles for Navigating Big Debt Crises" provides a template for understanding and managing financial crises, supported by detailed case studies. The illustrated "Principles for Success" makes his principles accessible to a wider audience, focusing on goal-setting and collaboration. Finally, "Principles: Your Guided Journal" helps readers develop their own principles through guided exercises, promoting personal growth and success.
Telecom Act 2023 based on principles of inclusion, growth, responsiveness for developed India
The Telecommunications Act, 2023, effective from June 26, emphasizes inclusion, security, growth, and responsiveness for a developed India, enabling government control for national interests, research and development funding, and fair infrastructure access for network expansion.
Budget 2024 FAQs: Quick guide on how to read and understand the Budget
Budget 2024 FAQs: The Budget acts as a detailed plan outlining the government's anticipated income and spending for a fiscal year, covering from April 1 to March 31 of the subsequent year. This financial blueprint is pivotal in defining the nation's economic priorities and allocating resources accordingly. After the finance minister delivers the budget speech in the Lok Sabha, these essential documents are promptly uploaded to the official website, ensuring quick and widespread access to critical financial information.
Top family games you can play in your backyard this summer, a complete guide
Who doesn't want to spend quality time with their family over a game of cards, UNO, and bond with them even more. But sometimes, people do not wish to miss the summer sun but still want to play games for a pastime. Looks like we have you covered on this aspect with some fun backyard games ideas you can use.
RBI maintains interest rates amid growing calls for easier money policy
The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 20 basis points to 7.2%, leading to a surge in equity indices. Inflation remains a concern due to global commodity price increases and potential food price spikes.
10 Best Rattles and Plush Toys for Infants for Wholesome Development
Discover the top 10 rattles and plush rings for infants that combine safety, sensory development, and entertainment. This curated list highlights eco-friendly, BPA-free options designed to enhance hand-eye coordination and soothe your baby. With various shapes, colors, and sounds, these toys are perfect for stimulating your little one's growth and ensuring endless hours of fun.
Seeking personal and professional growth? Mamaearth's Ghazal Alagh shares her secrets
Mamaearth co-founder Ghazal Alagh emphasizes the importance of stepping out of one's comfort zone to achieve growth. In a recent social media post, she shared that facing discomfort and overcoming fear has made her more confident, resilient, and determined. Alagh also highlighted the lessons she learned from her children, such as finding joy in simple things and staying curious.
India has made huge strides, but the new govt still has a lot to do
The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase per capita income. To achieve this, private investment must drive growth, with investments rising to 32-35% of GDP. Scaling up manufacturing, outcome-oriented skill development, supporting women and youth entrepreneurs, reforming municipal governance, realizing tourism potential, accelerating R&D, and addressing urban challenges are key areas for action.
Biosimilars offering a great opportunity in growing market: Kewal Handa
The prices have really been coming down in terms of raw materials and particularly in APIs. There is a lot of stability there. China are also now trying to align themselves to the global market requirements and they are also very keen to see that their factories start producing at the scale they were doing prior to COVID.
Raghuram Rajan on politics: ''My business is not kissing babies''
Former RBI governor Raghuram Rajan dispels political rumors, supports Rahul Gandhi's leadership, and advocates for faster Indian economic growth by 2047. He critiques India's current growth rate and job creation efforts, emphasizing the need for faster development.
Confident of reaching around 15% revenue growth in next 2-3 years: CB Ananthakrishnan, HAL
We are taking a multi-pronged approach both in terms of capacity expansion, improving our manpower, increasing our manpower requirement as and wherever it is required, also increasing the private sector participation on the various programmes to see that the deliveries are made in time.
Cera Sanitaryware is this week's stock pick; why analysts are bullish
Cera Sanitaryware emphasises innovation, introducing 218 new products in 2023-24, which accounted for 30-35% of its total sales.
JSW Steel sees highest-ever sales volume in FY24, guides for further growth
The country’s largest steel-maker has guided for consolidated steel production of 28.40 million tonne, and saleable steel sales of 27 million tonne this year.
We wish to grow in SOBO market which will see resurgence of residential developments: Boman Rustom Irani, Keystone Realtors
Keystone Realtors, led by Boman Rustom Irani, are expanding into SOBO due to city infrastructure growth. FY25 outlook is positive, with FY24 surpassing expectations. Strong OCF, acquisitions, and partnerships contribute to the company's success. The real estate sector in Mumbai is poised for growth, driven by infrastructure development and a surge in redevelopment projects.
In 3-5 years, Piramal Pharma can see 22- 25% EBITDA growth margins: Nandini Piramal
Nandini Piramal projects early teens revenue growth for FY25 and 22-25% EBITDA growth margins in 3-5 years. Revenue increase drives margin expansion through cost optimization and operational excellence, with a focus on CDMO and Indian consumer products growth.
University: Nature guide
Rabindranath Tagore revolutionized education by advocating for holistic growth in nature. His legacy includes Visva-Bharati, promoting cultural heritage and universal brotherhood. He envisioned a world united by freedom and education, commemorated on his May 7 birth anniversary.
View: Prioritise data-driven analysis, not polemics, to guide discussions on income and wealth inequality
The article explores income and wealth inequality, taxation on the rich, and India's tax/GDP ratio. It questions if India's tax rate is low and analyzes wealth concentration trends and market efficiency, emphasizing the need for a comprehensive understanding of the data and perspectives.
Narrative or Reality: This ratio is better guide for long term investors
As the market corrects and stays volatile, one justification which is likely to come to market would be comparing current price multiple of stocks to average price earning multiple it was getting till a few months back and investment case would be made. However, relying solely on the P/E ratio for investment decisions can be misleading, as it may not accurately reflect a stock's true value, particularly in cases where a stock seems inexpensive based on this metric alone. The Price/Earnings to Growth (PEG) ratio emerges as a more refined tool for long-term investments.
International Women's Day 2024: Tips and guide for growing in career, family, and life
Celebrating International Women's Day in 2024, it's crucial to acknowledge women's advancements in various facets of life. Amidst celebrations, it's essential to ponder future journeys and how women can invest in themselves for career, family, and overall growth. Strategies include continuous learning, building support networks, prioritizing self-care, setting clear goals, seeking feedback, embracing change, and empowering others. This commitment fosters an environment where every woman thrives.
Interim budget: Steering towards sustainable and equitable growth
The interim budget serves as a crucial milestone in this journey, aligning with broader goals of sustainability, inclusive development, infrastructure enhancement and fiscal responsibility. It hinges on harnessing the power of women, youth, farmers and innovation for nation's development. The finance minister reminded us that the aspiration of growth must go hand in hand with having adequate financial resources and hence, opening India to more investment from the world is more important than ever for India's growth story to continue.
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