INDUSTRIAL GROWTH
Industry needs to boost capital investments to capitalise on growth opportunities: Anand Mahindra Anand Mahindra, Chairman of Mahindra Group, emphasized the need for Indian companies to increase capital investment to leverage growth opportunities domestically and globally. In the company's annual report for 2023-24, Mahindra highlighted India's ...
03 Jul, 2024, 05.07 PM ISTIndia's services growth picks up in June on record rise in exports India's services sector saw robust growth in June, driven by strong demand and record export orders, according to the HSBC India Services PMI by S&P Global. The index rose to 60.5, indicating expansion. Hiring reached its highest in nearly two years...
03 Jul, 2024, 10.35 AM ISTWomen in India face a jobs crisis. Are factories the solution? As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the rank...
03 Jul, 2024, 08.17 AM IST- ADVERTISEMENT
RBI aims to get inflation down to 4%, don't expect any rate cut this year: Amitabh Chaudhry, MD, Axis Bank Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry's leadership.
02 Jul, 2024, 10.25 PM ISTEconomy on strong wicket after fiscal first quarter India's economy showed strong first-quarter performance with surging manufacturing activity, robust GST collections, and record-high Sensex, alongside a rise in passenger car sales and new export orders from overseas markets, as highlighted by indus...
02 Jul, 2024, 06.00 AM ISTExpect 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.
01 Jul, 2024, 12.40 PM ISTRIL shares can create up to $100 billion wealth, predicts Morgan Stanley Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case...
01 Jul, 2024, 12.25 PM ISTIndia's key infra sectors' growth slows to 6.3% in May In May, India's eight core sectors grew at a rate of 6.3% annually, slightly down from 6.7% in April but higher than 5.2% in May 2023. The sectors showing positive growth included electricity, coal, steel, natural gas, and refinery products, accordi...
28 Jun, 2024, 05.12 PM ISTWorld Bank revises India's FY25 growth forecast to 6.6% The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, expecting India to remain the fastest growing economy, driven by public and private investment, and rising consumption.
12 Jun, 2024, 12.33 AM ISTUpward GDP projection and no change in interest rates welcomed by industry and economists Industry leaders and economists widely accepted RBI's monetary policy stand of no change in interest rates. Besides upward projection of GDP growth for FY25 from 7 per cent to 7.2 per cent is welcomed by the Industry.
07 Jun, 2024, 05.30 PM ISTApril core sector grows 6.2%, IIP seen 6-6.5% India's eight core infrastructure sector, including coal, crude oil, steel, cement, electricity, fertilisers, refinery products, and natural gas, grew 6.2% in April, up from 6% in the previous month. The sector's output slowed to 7.6% in FY24, with ...
01 Jun, 2024, 01.22 AM ISTIndia's core sector growth rises 6.2% in April India's index of eight core sectors saw a 6.2% annual growth in April, following a 6.6% growth in March. The eight sectors had grown 4.6% in April 2023. The production of electricity, natural gas, coal, steel, refinery products, crude oil, and cemen...
31 May, 2024, 05.28 PM ISTDalal St is likely pricing in a Modi 3.0 but election winners already have a bitter household burden India's stock market hit an all-time high last week, as investors anticipate a third term for Prime Minister Narendra Modi will boost corporate profits. However, consumer debt poses a significant risk. Slow wage growth, high interest rates, and heav...
29 May, 2024, 02.22 PM ISTIndia May business growth robust as exports rise at record pace, PMI shows HSBC's flash India Composite purchasing managers' Index , compiled by S&P Global, rose slightly to 61.7 this month from April's final reading of 61.5, marking the 34th month above the 50-level separating growth from contraction.
23 May, 2024, 10.43 AM ISTIndian economy likely grew at a 4-quarter low in Q4: ICRA Economists predict India's economy to grow at a four-quarter low of 6.7% in Q4FY24. The growth in 3 FY24 was 8.4%. Agricultural GVA is likely to contract for 2nd straight quarter, amid rabi output concerns. Overall GVA growth expected to ease to 5.7...
21 May, 2024, 03.05 PM ISTExpect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct...
18 May, 2024, 04.00 PM ISTStrong growth likely in FY25; pvt investment picking up, says Sanjay Nayar In an interview to ET, Nayar called on the government to maintain its capital expenditure push for some more time to "crowd in" private investment. Rural consumption has started to see an uptick, on top of the already strong urban demand, he said. C...
13 May, 2024, 12.13 AM ISTIIP growth eases to 4.9% in March but grows faster at 5.8% in FY24 Among the three major industries, manufacturing and electricity recorded a faster pace of growth in March compared with the previous month, expanding 5.2% and 8.6% compared with 4.9% and 7.5% in February. On the other hand, mining activity eased sha...
10 May, 2024, 11.54 PM ISTIndia's Industrial Production growth rate slows to 4.9% in March 2024 The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 5.2 per cent in March 2024, from 5 per cent in February.
10 May, 2024, 05.42 PM ISTCore sector growth eases to 5.2% in March India's core sector growth slowed to 5.2% in March 2024, impacted by various industries. The Index of Industrial Production (IIP) is likely to see a moderate growth of 3.5-5% in the same month. The slow growth in eight core industries — cement, coal...
30 Apr, 2024, 07.26 PM IST