Zomato’s recent quarterly financial performance seems to be in sync with its focus on profitability, but growth seems to be taking a hit
The domestic demand for stainless steel was at 4 million tonnes (MT) in fiscal 2021-2022, the ratings agency said in a report on Thursday.
The report titled ’Falling Long-Term Growth Prospects: Trends, Expectations, and Policies’ said the global economy’s ’speed limit’ — the maximum rate of long-term growth without causing inflation — is set to decline to its lowest point in three decades by 2030.
India’s economy is entering a slow lane as multiple economic indicators suggest activity is levelling off after recovering from its pandemic low.
India’s transition from traditional gasoline and diesel-fueled transport is expected to lag other regions, whereas China’s adoption of electric vehicles is skyrocketing.
Starting in 1965 as an answer to head reliance on foreign companies for doing engineering and other work for the massive projects that a newly independent nation undertook, EIL has over the years expanded beyond its core competence in the oil and gas sector to petrochemicals, fertilizer, green hydrogen and biofuels.
The current trickle-down economics is not working for the masses of the population. We need to transform workers into consumers to broaden the market
Global capability centres are playing a crucial role in making India an important destination for engineering R&D
Data released earlier this week showed India's GDP growth rate fell to 4.4 percent in October-December
Average gross earnings from self-employment were substantially lower than income from salaries, both in rural and urban areas
The slowdown in growth seen in last quarter of 2022 could continue and erode the 6.4% growth for the fiscal year through March 2024 estimated by the central bank, economists warned, ahead of the release of India's GDP data on Tuesday.
The NSO is set to announce the Q3 or October-December GDP estimate. According to a CNBC TV18 poll, the economy is expected to have grown by 4.7%. The RBI estimated the Q3 GDP growth at 4.4%. But considering that the growth in Q3 last year was 5.4% and growth a quarter ago was 6.3%, why are economists saying that if the GDP grew 4.7% YoY it’s actually a good showing? Latha Venkatesh explains
According to Shashanka Bhide, a fall in core inflation is key to returning headline retail inflation back to the medium-term target of 4 percent
According to Ashima Goyal, growth could be severely hit if continued rate hikes result in a real repo rate that is well above 1 percent
The government and planners see the economy becoming the third largest in the world by FY29, overtaking Japan, with a GDP of USD 7 trillion from the present USD 3.3 trillion.
The online retailer reported net income rose a better-than-anticipated 69% to 46.8 billion yuan ($6.8 billion), but revenue rose just 2.1% to 247.76 billion yuan in the December quarter, slightly ahead of projections. Alibaba’s shares closed down slightly after climbing 6% in early New York trading.
Pakistan, which is in dire need of funds as it battles a wrenching economic crisis, has received financial assistance from the International Monetary Fund (IMF) in the past and is presently in discussions with the organisation to resume its loan programme.
While digitisation pulled out the world's fifth-largest economy from pandemic lows, prudent fiscal policy and significant financing for capital investments provided in the next year's budget will help sustain the growth momentum.
According to the economist, the Reserve Bank of India could also raise the repo rate again in April following the unexpectedly large increase in inflation in January
The company is expecting contribution from its premium products of up to 40 per cent from 35 per cent at present, Godrej Appliances Business Head and Executive Vice President Kamal Nandi said.
The volume growth would be on account of government infrastructure spending, replacement demand, back-to-school and office scenarios and e-commerce expansion, it noted.
The market is moving from unorganised players to organised firms rapidly, says CEO Sahil Barua
Retail inflation has been cooling now for two months as it printed below the RBI's upper end of tolerance band for November and December. It is expected to moderate further in January.
“Economic activity in India remains resilient, while investment activity continues to gain traction, and rural demand continues to show signs of improvement,” RBI Governor Shaktikanta Das said
Auto sales numbers are among the key indicators to estimate private consumption, which bears more than 50% weightage in assessing the country's economic growth.