First advance estimates pegs GDP growth at 5 per cent for FY20
The advance GDP estimates come at a time when the Indian economy has seen a sharp slowdown in growth.
Auto sales at 20-year nadir in 2019: SIAM
In passenger vehicles, an easing in the pace of decline in December, though on a low base, and an i...
BPCL, Air India, Concor divestments unlikely in FY20: Official
"The effort is on, but it will take its own time," the official said, adding t...
FY20 merchandise exports likely at $330-340 billion: FIEO
“We feel our goods exports may touch $330-340 billion in the current fiscal… If the global situation improves, which is likely in the first half of 2020, we may look for 15% growth in exports during the next financial year,” said FIEO president Sharad Kumar Saraf. India’s exports in 2018-19 were $331 billion.
Profitability of domestic hospital sector to improve in FY20, FY21: Crisil
Enhanced coverage under Ayushman Bharat as well as deeper expansion in smaller towns will help the hospital sector, said Crisil Ratings. The improvement in demand will also be driven by alterations made to healthcare delivery models by hospital chains to align with regulatory changes as well as factors like increasing lifestyle diseases and medical tourism.
BSNL in talks with CBSE for sale of land parcels; eyes Rs 300 cr from asset monetisation in FY20
State-owned Bharat Sanchar Nigam Ltd (BSNL) has initiated discussions with the Central Board of Secondary Education and others for sale of specific land parcels, as it sets the ball rolling on asset monetisation plans.
Auto has good earnings potential in H2 of FY20 and FY21: Sachin Trivedi, UTI AMC
I am not actually looking for a government stimulus, says Sachin Trivedi of UTI AMC.
Cement earnings may improve in FY20 on lower input costs
It has been continuously falling from the peak of Rs 368 per bag in May 2019.
Credit growth in FY'20 to touch 58-year low: Report
ICRA ratings suggest bank credit is expected to grow at 6.5-7.0% during the current fiscal ending March '20.
Manappuram Finance on track to achieve 10% loan growth in FY20: VP Nandakumar
The Bimaru states are showing better growth because of lower competition amongst organised lenders.
Tata Starbucks CEO Navin Gurnaney on hot new launches in India, plan for FY20
What are the hot new launches in the kettle for Starbucks India? Navin Gurnaney, CEO, Tata Starbucks tells us how the revenue picture looks ...
Govt might breach fiscal deficit target in FY20; need for fiscal stimulus rises: Report
"We expect that the drop in the revenue mobilisation of the government and likelihood of additional expenditure by the government might breach the fiscal deficit target in FY20," Dun & Bradstreet India Chief Economist Arun Singh said. The government has set a 3.3 per cent fiscal deficit target for the current fiscal.
PayPal India FY19 loss up to Rs 8.13 crore as revenue doubles
The gross expenditure for the fiscal year came at Rs 660.26 crore up from Rs 260.80 crore in the year ago period, the company’s annual profit and loss statement showed.
Coal India chalks out strategy to meet 660 million tonne production target for FY20
Till December, the miner is expected to produce close to 390 MT of coal and will require another 270 MT in the last quarter of this fiscal to meet the annual production target. Currently, Coal India produces 1.8 MT per day while the asking rate to achieve the target is 2.9 MT, they said.
Top 50 corporates reduce debt by about Rs 60,000 cr in first half of FY20
In the last financial year 18-19, these companies reduced their debt burden by about Rs 43,000 crore.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service