The dollar index added to earlier losses after the ADP National Employment report showed that U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid high interest rates.
The demand in smaller towns is expected to grow at a 30 per cent CAGR by 2026 as compared to a 10 per cent CAGR in the top 40 cities.
The Indian hotel industry's revenue per available rooms (RevPAR) is likely to grow by up to 9 percent in the next fiscal supported by stronger domestic demand, ICRA said in a report.
The passenger vehicle finance market in India is expected to grow 2.1 times to touch a size of Rs 1,63,600 crore by 2019-20, according to a report by global consultancy firm E&Y.
The IT industry lobby Nasscom today said the sector will grow at the lower end of its revised target in fiscal 2017, but deferred guidance for the next financial year by a quarter, as the headwinds rise.
Indian economy will grow faster than China despite the temporary slowdown created by demonetisation, an Indian-origin academic and former Singapore diplomat said at a conference of leading world universities here today.
Rakesh Jhunjhunwala, Partner at Rare Enterprises, said markets have been looking up of late. But they have mellowed somewhat from the time Narendra Modi took over as the prime minister.
The Indian economy is expected to grow at 7.4 percent in the current fiscal, slightly lower than 7.6 percent projected in advance estimates of Central Statistics Office, industry body Ficci said today.
R Srikrishna of Hexaware Technologies says margin improvement is not the main focus of the company. The aim is to deliver sustainable growth, he adds. He says the company is happy with margins in the 15-17 percent range
Shah says he expects earnings to grow 20 percent in FY17, because that is when the full impact of the recovery in the economy and the the uptick in capex cycle will kick in
India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said earlier, putting pressure on the Reserve Bank to cut interest rates.
The credit grew at 9.4 percent to Rs.61.57 trillion during the July-September quarter of 2014-15. The credit growth was 15.05 percent (Rs.48.88 trillion) a year ago.
State-owned SAIL today said its production of value added steel rose 4 per cent to over 5 million tonne (MT) in 2012-13 fiscal as it added several new products in its portfolio.