Industrial Sector

Prashant Jain views the Budget as positive for fiscal consolidation and job creation but remains cautious on manufacturing, industrial, and defence stocks

Here’s why Samir Arora considers L&T to be a good buy

The Larsen & Turbo share has delivered a 9 percent return over the past month and a 56 percent return over the past year.

Underweight on IT sector because of exposure to Europe, US: Aniruddha Sarkar of Quest Investment

The portfolio manager is overweight on industrials including capital goods, defence, energy and autos.

Ideas For Profit | Will railway engineering sector chug along or pick up speed?

While some of the other sectors are trying to get back on their feet, railway engineering is running on high steam. During Q3, companies in the railway engineering space delivered 17% sequential growth in revenue and showed healthy improvement in margins. So, which are the stocks investors can hop on to? Find out in this edition of Ideas For Profit

Future of Work: Technology in spirituality

A new digital revolution is treading across the industrial sector. The internet of things comes with real time data processing and analytics have paved the path of the fourth industrial revolution. Organisations today are focused on harnessing this digital revolution to propel their growth through the 21st century.

Overestimation bias likely in GDP advance estimate: Crisil

Crisil sees advance GDP estimates released Friday as having an upward bias especially in terms of government consumption growth (23.8 percent) and government services growth (12.8 percent). Agriculture and industrial sector growth estimates are, however, in line with their forecasts, a report by the rating agency says.

German industry orders post biggest rise for more than 2 years

Factories saw demand climb 4.9 percent on the month despite bulk orders being lower than usual, the Economy Ministry said. That was the biggest increase since July 2014 and far above the Reuters consensus forecast for a 0.6 percent rise.

Led by private banks, bank credit grows 9.2% in March quarter

"Bank credit registered a growth of 9.2 percent in March 2016 (y-o-y) spearheaded by higher credit growth in private sector banks," the report, which was released today, said.

Digitisation in industrial sector to grow to 65% in 5 years: PwC

"Industrial leaders are digitising essential functions within their internal vertical operation processes and are driving both revenue growth and operational efficiencies," the report said.

Corporate India hits pause button on fresh investments

The global economic situation, according to the poll, remains fragile and any firm recovery remains elusive as 64 percent of the participants signalled that demand situation would remain worrisome.

China's industrial sector facing increasing pressure: Min

A persistent decline in the producer price index (PPI) is adding to firms' operational difficulties, the ministry said in a document issued ahead of a briefing in Beijing.

Expect GST to become a reality soon: Arun Jaitley

Speaking at the World Economic Forum (WEF) India summit, which has 250 stakeholders and leaders, including Union Ministers in attendance, Jaitley said also hoped that the Goods and Services Tax Bill will come into force soon.

Aiding MSMEs will enable India‘s growth

Encouraging MSMEs to grow, organise themselves and take on global competition it is critical for India to leverage its favourable demographic profile and realise its widely hailed growth potential.

SAIF Partners to invest USD 2 million in industrybuying.com

SAIF Partners manages over USD 1 billion of investments in India. This funding shall be utilised to continue traffic growth, expand product coverage and drive massive revenue growth. industrybuying.com is the first mover in industrial products for the e-commerce sector.

Don't be distracted by Budget, keep buying market: IIFL

Prabodh Agrawal, president and head of research at IIFL Institutional Equities expects announcements pertaining to increase in spending in physical and social infrastructure in the Budget. He adds that this increase will partly be funded through increase in taxes – primarily indirect taxes.

Is India's recovery already over?

Industrial production unexpectedly contracted for the second consecutive month in November, falling 2.1 percent on-year, reflecting recessionary conditions in the country's industrial sector.

India's Q2 growth likely to drop to 5.1%: Report

The country's second quarter growth rate is likely to drop to a nearly three and half year low of 5.1 per cent owing to sustained weakness in the industrial sector, reports say.

India Inc disappointed with RBI for not cutting rates

Expressing disappointment over RBI's decision of leaving interest rates unchanged, India Inc today said there is an urgent need for rate cut to boost industrial growth and take economy to a higher trajectory.

Economic Survey: Industrial growth seen at 4-5% in FY12, may rebound in FY13

At this rate, the Survey the annual growth rate will be less than the annual growth rates achieved in the recent past and far below the potential growth rate.

India's in a sweet spot now, says Credit Suisse

Robert Prior-Wandesforde, head of India & South East Asia economics at Credit Suisse spoke to CNBC-TV18 about how he reads the India-GDP estimates and what the scene is, going ahead.

GDP growth projection of 6.9%for FY12 disappointing:Pranab

Describing the 6.9% growth projected for the current fiscal as disappointing, Finance Minister Pranab Mukherjee today said it was on account of a slowdown in industrial output and investment growth.

Downside risks to growth rising, but no hard-landing: RBI

The Reserve Bank today warned against accepting high inflation as the 'new normal', and said more downside risks to growth are emerging even as inflation remains very high, but ruled out any possibility of hard-landing of the domestic economy.

CMIE projects real GDP to grow 8.8% in FY 12

The industrial sector, including construction, is projected to grow by 9.4% during FY 12, as compared to 8.6% estimated in 2010-11. Steel, cement, automobiles and petroleum products segments are projected to see a 9% -plus growth in FY 12, it said.

Revenue growth critical for manufacturers in 2011

As analysts and investors brace for earnings reports from more than a dozen major US manufacturers over the next two weeks, they will eye revenue growth as one of the surest signs of health for the industrial sector over the next year.