The Narendra Modi-led government has enacted several vital reforms and taken long-term policy decisions aimed at restructuring the economy
PM Narendra Modi’s focus remains on big reforms, structural changes and in the ease of doing business. This will help India in the post-COVID-19 world
India's textile industry too is reeling under the impact of COVID-19. Eleven countries buy 41 percent of India's cotton yarn exports and all these countries have reported COVID-19 cases, according to the Cotton Textiles Export Promotion Council (Texprocil)
Can India seize this moment and present an opportunity to be the next emerging manufacturing hub? It is not impossible as India has done it in the past by building its reputation in service exports.
Even if there is a limited outbreak outside China, a sharp slowdown in global growth is expected. The OECD now predicts that both China and India are expected to grow around 5 percent in 2020.
Speaking to reporters here, ONGC Chairman and Managing Director Shashi Shanker said the investment of the company are long-term and take time to yield profits.
The COVID-19 outbreak has not only brought to fore the employment uncertainty workers face in the service sector but has also showed China’s incapacity to come up with a formal solution to this. This is a problem that echoes in India as well.
Topline growth has slowed down further, but the surprise is the drop in net profit despite the corporate tax cut
With a fear of budget deficit at a time when a number of critical sectors are in need for finance, this is going to be one of the most challenging budgets.
FMCG companies refused to comment on this trend, claiming silent period ahead of the quarterly result season.
The flow of financial resources to the commercial sector, as a percentage of Gross Value Added, has fallen sharply
Rural India, which usually projects about 30 percent higher growth rates than that of urban, is currently displaying similar growth rates.
The company is holding hopes on the potential increase in exports and replacement market to de-risk its business
Bosch India MD Soumitra Bhattacharya confirmed that the layoffs would take place over the next four years
The scheme will be offered to employees of different departments, across its businesses of passenger and commercial vehicles, sources said
A senior RSS functionary said the organisation raised the issue at a meeting with Finance Minister Nirmala Sitharaman last month
While the bank is still open to lending opportunities in the infra space, it has reallocated the specialised staff to its larger wholesale banking vertical.
India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.
Axis Bank, Kotak Mahindra Bank expect higher slippages, Bandhan Bank looks to ramp up home loan portfolio
MPC member Chetan Ghate said that it is premature to speculate on the impact of tax rate cut on the fiscal deficit.
There has been a strong demand for a cut in GST rates and income tax as well, to boost consumer demand. However, given the current fiscal situation, it looks less likely that the government will go for such measures.
MMR & Pune see their sales jump by 33%; NCR sees 15% rise.
"This widespread deceleration means that growth this year will fall to its lowest rate since the beginning of the decade," IMF Managing Director Kristalina Georgieva said.
India’s September manufacturing PMI, though weak, is much better than the global average
The sharp cut in corporate tax rates especially for new projects should help propel an investment demand recovery in the December quarter.