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.
Expect steady recovery but don't hope for miracles even in Q4: Vikas Khemani
One should look at companies with good quality businesses with g...
Luxury car sales in 2019 see biggest drop in over a decade
Sales of luxury cars in India declined by about 15% last year — the steepest drop ...
Service activity gains pace in December, PMI at 53.3
IHS Markit India Services Business Activity expanded to a five-month high in December. The services sector activity Index improved from 52.7 in Nov to 53.3 in Dec, highlighting the second-strongest rate of increase in output in over a year (behind July). A reading below 50 on the index shows contraction while above that threshold indicates expansion.
Slowdown may worsen bad loans problem
Delinquency in home loans rose for NBFCs and HFCs, while it remained stable for banks.
Nascent growth signs, govt must take structural reforms: Brickwork
The government has already proposed to spend Rs 13.6 lakh crore and Rs 19.5 lakh crore in the fiscal 2019-20 and 2020-21, respectively (as part of its Rs 102 lakh crore capital expenditure in infrastructure sectors during the fiscals 2020 to 2025), which is expected to boost the infrastructure activity significantly in the next fiscal.
Financial system stable despite slowdown: RBI report
Resilience of the banking sector has improved, says RBI in Financial Stability Report.
Led by Triber, Renault India outpaces market, sole company to register growth in 2019
Aided by the new launch of Triber compact MPV, Renault India has been the sole positive performer in 2019.
CXO hiring firms diversify services amid slowdown
Benchmarking talent against competition, compensation analysis and evaluating reporting structures are some other services search firms offer companies looking for external help on these matters
Amidst slowdown, some pockets show revival signs
A four-city survery shows a possible improvement in private capital formation, driven by foreign companies — potentially Chinese firms — and second-generation MSME entrepreneurs; but overall demand is still weak.
View: Animal spirits in India show the slowdown may be bottoming out
India’s economy showed nascent signs it may be turning a corner after six months of anemic activity.
Volume growth marginally up in Q3: Godrej Consumer
Demand was close to high single digit constant currency sales growth in Indonesia.
Cyient to hire 800 for its Warangal R&D unit
Warangal is also seeing interest from other IT players such as Tech Mahindra, which has also set up centres in the past two years. Tier-II locations in states are seeing increased interest from companies looking to diversify out of major metros.
Cement demand may rise by up to 6% on govt’s mega infra push
The Centre’s proposal to invest Rs 102 lakh crore to build ports, airports, motorways or irrigation canals is expected to drive demand for the commodity, of which India is also the world’s second-biggest producer after China but trails the global average in per capita consumption.
Tata Nano ends 2019 with zero production
Tata Motors did not produce a single unit of its entry-level car Nano in 2019 although it sold just one unit in February even as the company is yet to officially retire Ratan Tata's “people's car”.
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