Business

Compensation Gap Between Private And Public Sector Widens In FY23

NEW DELHI: Compensation in the private sector reached a new high of 22% of gross domestic product (GDP) in 2022-23, up from 21.2% in FY22, widening the gap with government sector compensation, an ET analysis of government data released earlier this month showed. Total compensation of employees working with...

May 23 · >

India’s Market Capitalisation To GDP Ratio At 15-Year High Of 140%

MUMBAI: The stock prices of listed companies continue to outpace growth in India’s gross domestic product (GDP). The market capitalisation (mcap) of all companies listed and traded on the BSE is up 61 per cent since the end of March 2023, compared to an estimated 10 per cent growth...

May 23 · >

Mobile PLI May Be Extended Beyond 2026

NEW DELHI: Smartphone PLI (production-linked incentive), the most successful of all 14 such schemes, may be extended by a couple of years beyond 2025-26 when it officially ends. The five-year PLI scheme, which started in 2020 ends in 2026, and each company has the flexibility to choose any five...

May 23 · >

Healthcare Sector Most Violative Of Advertisement Rules, Says ASCI Report

NEW DELHI: Maximum cases of advertisement norms violations were reported from the healthcare sector during 2023-24, followed by illegal offshore betting and personal care categories, according to the Advertising Standards Council of India’s (Asci’s) Annual Complaints Report released on Wednesday. The healthcare sector accounted for a maximum 19 per...

May 23 · >

OMC GRMs Likely To Moderate For Second Consecutive Year In FY25

NEW DELHI: Domestic oil marketing companies (OMCs) are likely to face margin pressures in FY25 on account of a moderation in Gross Refining Margins (GRMs) due to reduction in product cracks, particularly diesel, and shrinking discounts on Russian crude oil. Also read: Crude oil declines as industry report indicates...

May 23 · >

Flash Services PMI Up At 61.4 In May; Manufacturing PMI Down To 58.4

NEW DELHI: Services have edged up India’s flash composite purchasing managers’ index (PMI) to 61.7 in May, as against 61.5 in April. More importantly, the month under discussion saw the steepest expansion in private sector jobs since September 2006. The HSBC Flash India PMI is compiled by S&P Global...

May 23 · >

Paytm Net Loss Widens To Rs 550 Crore In Q4, FY24 Loss Narrows To Rs 1,422.4 Crore

NEW DELHI: Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted...

May 23 · >

Tata Power DDL, India Smart Grid Forum Sign MoU For Vehicle To Grid Technology Demonstration Project

NEW DELHI: Tata Power Delhi Distribution Limited (Tata Power-DDL), a leading power utility supplying electricity to a populace of 7 million in North Delhi, signed a Memorandum of Understanding (MoU) with the India Smart Grid Forum (ISGF) to collaborate on a ground-breaking Vehicle-to-Grid (V2G) Technology Demonstration Project on 15th...

May 23 · >

AI Express Union Says Reduced Flights Impacting Cabin Crew Salaries

NEW DELHI: Less than two weeks after the airline’s cabin crew called off their strike, a union of the Air India Express has flagged concerns about flight delays and cancellations, saying that the reduced number of departures is adversely impacting the salaries of the cabin crew. The Air India...

May 23 · >
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