PRIMUS PARTNERS
Retrofitting of inter-city diesel buses can generate over 50,000 jobs
Dr. Charan Singh and Davinder Sandhu emphasize the economic and environmental benefits of retrofitting. It offers a pragmatic solution for sustainable urban transport, driving economic revitalization and environmental improvements. Retrofitting leverages existing infrastructure while transitioning towards cleaner mobility, showcasing tangible progress in achieving sustainability goals.
Myth debunking 101: ‘Introverts cannot be leaders’
Introverts face stereotypes hindering their leadership potential, yet possess crucial qualities like empathy and strategic vision. Despite misconceptions, they excel at fostering approachable environments and making thoughtful decisions. Strategies for introverted leaders include one-on-one meetings, effective delegation, and empathetic conflict resolution. Overcoming challenges like visibility and public speaking, they can thrive by leveraging their unique strengths.
Indian automobile industry grows 19 pc to Rs 10.22 lakh cr in FY24: Report
In the two-wheeler segment, India witnessed 10 per cent increase in volume and 13 per cent in value. The three-wheeler segment grew by 16 per cent in volume and 24 per cent in value and the commercial vehicle segment rose by 3 per cent in volume and 7 per cent in value.
Auto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners
Automakers in Mumbai are predicted to face limited pricing power this fiscal due to subdued demand, resulting in an anticipated average price increase of 4% to 5%, down from 8% in the previous fiscal year. Despite sluggish volumes, a strong growth trend in value terms is expected to persist, with India's automobile market witnessing a 19% growth to Rs10.6 crore in FY24, driven by factors such as the increasing popularity of utility vehicles, electric vehicles, and demand for features like sunroofs and automatic transmission.
Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
Airport lounge access through cards getting tougher: Factors you must know to avoid last-minute shock
Airport lounge access: Airport lounges are a very popular feature among travellers in India. However due to rush of passengers in airport lounges, overcrowding issues came up, and to tackle this issue and make lounges accessible to all, certain measures were taken. These measures are aimed at fair usage for all and to provide a good experience to travellers.
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Record GST mop-up reflects robust eco, audit efficacy; raises hope for further reforms: Experts
Tax experts hailed the record-breaking GST collection of Rs 2.10 lakh crore in April, attributing it to a robust economy and effective audit and scrutiny by the tax department. They anticipate this achievement to pave the way for further tax reforms after the formation of the new government. The surge in collection is seen as a result of higher self-compliance, better enforcement measures, and increased consumer spending on items like air conditioners and beverages to combat the summer heat.
UPI rule change: Soon use money in PhonePe, Amazon Pay, any wallet to pay via Paytm, other UPI apps; check RBI new rule
UPI rule change for PPIs: Currently, money in your prepaid wallet (like PhonePe) can only be used for UPI transactions through the app offered by the wallet issuer itself. This limits your options — you can't use PhonePe money on Paytm or BHIM, for example. To address this, the Reserve Bank of India (RBI) has proposed allowing users to link their prepaid payment instrument such as wallets with any third-party UPI app. This means greater flexibility. What changes for UPI customers? How is this move going to help you?
India to be a developed nation by 2047? Here's what some experts believe
The report "India’s Turn to Lead by 2047" by Primus Partners indicates that 70% of respondents are optimistic about India becoming a global leader by 2047, aligning with the vision of Viksit Bharat. This sentiment extends to 63% envisioning India excelling in global trade, technology, and the economy.
EVs, renewables, semiconductors: Triple engine to power transition
As India aspires to become a $5 trillion economy by 2025, sunrise sectors like Electric Vehicles (EVs), renewable energy, semiconductors, electronics manufacturing and more - which have the potential to transform the country's economic landscape -- have been given a renewed focus by the government.
Interim Budget 2024: Textile and apparel industry seeks tax incentives, infra boost for growth
The textile and apparel industry is the second largest employer in the country offering employment to 45 million people and 100 million in allied industries.
Govt may offer incentives to retrofit old vehicles into EVs: Report
A report by Primus Partners and ETB suggests that the Indian government could consider offering incentives to retrofit old vehicles into electric ones instead of scrapping them. The report suggests that a coordinated approach involving government initiatives, industry collaboration, and public engagement could effectively address the challenges of transitioning to electric vehicles.
Power from used batteries: How Bengaluru-based MiniMines can power 66-lakh EVs
A Bengaluru-based cleantech company says it can achieve 96% purity in extracting metals from used batteries. This would mean reduced import dependence for raw materials and a lower carbon footprint.
Why Indore is a lucrative garment manufacturing hub for SMEs
A rich heritage, increased awareness and a conducive ecosystem is making Indore see a steady growth in apparel orders. More efforts can be done to achieve scale of international repute for this flourishing industry.
Govt officials, industry experts brainstorm on use of AI for public grievances redressal
New Delhi: In a brainstorming session organized by the Department of Administrative Reforms and Public Grievances (DARPG), senior government officials and industry experts discussed the use of artificial intelligence (AI) for public grievances and universal face authentication. The Secretary of DARPG highlighted the significant increase in e-service delivery across the country, with many states achieving 100% saturation. The session concluded with a focus on universalized face authentication, AI in grievance redressal, e-commerce initiatives, and media outreach.
ED flags failure to submit papers, delays by Byju’s; HCL eyes Karnataka for chip facility
Byju’s founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty” of alleged forex violations amounting to Rs 9,362 crore by the embattled edtech’s parent.
Web3 sector expected to create 2.2 million direct jobs in India in the next decade: Primus Partners
The report. titled ‘Unlocking the Web3 Potential: India’s Journey from a Talent Exporter to a Product Powerhouse’, said India is home to more than 900 enterprises in the Web3 sector, or the third generation of the World Wide Web, and accounted for 11% of the global Web3 developer community in 2022, securing its position as the third-largest talent pool of developers globally.
Why footwear makers and exporters are divided over quality standards
While all stakeholders say the quality control order is beneficial for the industry, manufacturers say the implementation is trampling over the unorganised players.
Tarnished by cough syrup deaths, India’s pharma industry tries to look beyond the stupor
The reputation of the Indian pharma sector has seen some setbacks lately but the industry is strong enough to make a comeback.
India produces 2.7 cr vehicles, valued at USD 108-bn in FY23: Report
The Indian automobile industry produced a whopping 2.7 crore vehicles across segments and types, worth around USD 108-billion (Rs 8.7-lakh crore) in FY23. According to Primus Partners, the production of two-wheelers is closely matched by China, with 20-million two-wheelers coming out of the manufacturing facilities in the country, accounting for 77 per cent of the volume share.
'India has USD 100 bn financing opportunity in aircraft leasing space in next 20 years'
India, which is one of the largest aviation markets in the world, has an opportunity for providing financing up to USD 100 billion in the aircraft leasing segment in the next 20 years, an advisory firm said on Thursday. Primus Partners said that around 80 per cent of the total commercial fleet in the country is leased in comparison to 53 per cent globally.
Right taxation, regulation to help make India gaming hub: report
A pertinent issue relating to the implementation mechanism proposed in the Union Budget for TDS (Tax Deducted at Source) on online games has been highlighted in the report.
Women workers in construction and real estate sector earn 30-40 pc less than male workers: Report
Informal women workers in Indian construction and real estate sector earn 30-40 per cent less than male workers, according to a report that highlights about gender inequality in this sector.
RBI measures should help rupee outperform peers in emerging markets: Experts
The Indian rupee, RBI said has depreciated by 4.1 per cent against the US dollar during the current financial year so far (up to July 5), which is modest relative to other EMEs and even major Advanced Economies (AEs).
‘Karnataka can promote ecommerce to aid MSME units in rural areas’
The report suggests that the government facilitate interactions between MSMEs and ecommerce players so that smaller units get a digital footprint and eventually expand into global markets.
Stress on industry due to Covid-19 to extend beyond Q1 of FY21, more firms willing to retain manpower: ASSOCHAM Survey
The ASSOCHAM-Primus Partners Survey was conducted across different sectors, including manufacturing, infrastructure and services with a sample size of 3,552, encompassing all segments of the industry- small, medium and large.
Here's why education technology startups like CoBELS, Simplilearn are on a high in India
Technology startups are realising what the best teachers have long known — that it pays to interact with students not lecture them.
NRI businessmen join Andhra Pradesh's efforts to develop Vizag as IT hub
Nearly 16 US-based small and medium enterprises in the IT and IT enabled sectors are planning to begin operations in the region by the end of 2014.
AIG sells Taiwan subsidiary to Primus for $2.15 bn
Insurer American International Group Inc has agreed to sell its nearly 98 percent stake in Taiwan unit Nan Shan to an investor group led by Hong Kong's Primus Financial for about $2.15 billion.
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