Business
SEBI Returns Draft IPO Documents Of Recruitment Solution Provider Crizac
NEW DELHI: Sebi has returned the draft documents of student recruitment solution provider Crizac Ltd, which was looking to float Rs 1,000 crore Initial Public Offering (IPO), an update with the markets regulator showed on Monday. The move might delay the Kolkata-based company’s initial share-sale. The proposed IPO was...
CRR Cut To Help Banks Facing Low Deposit Growth: SBI MD
MUMBAI: Lowering the cash deposit ratio or the proportion of deposits which banks are mandatorily required to park with the RBI will help the lenders facing low deposit growth, SBI Managing Director Ashwini Kumar Tewari said on Monday. Conversations for such a cut are on, he told reporters here,...
Job Creation, Other Booster Shots Likely For Fitter Economy
NEW DELHI: The first budget of the new government will seek to energise the economy with focused interventions in job creation, rural areas, micro, small and medium enterprises (MSMEs) and technology, people familiar with the deliberations told ET. However, it will likely not deviate from the fiscal consolidation plan,...
India Likely To Have Highest Per-Capita Income Growth, Says Report
NEW DELHI: India is likely to have the highest per-capita income growth in the world at 5.4 per cent per annum during 2024-33, allowing it and other emerging economies to drive global consumption of agricultural and fisheries products in the next decade, according to a recent report by the...
High Construction To Get A Boost With BOT Coming Back In Vogue
NEW DELHI: Private risk capital, which has stayed out of the highway sector since 2014, is finally returning to the sector. This follows the government’s efforts to raise the comfort level of investors in the latest set of amendments to the model concession agreement (MCA). The changes in MCA...
RBI Steps Up Measures To Drain Out Excess Liquidity
MUMBAI: The Reserve Bank of India (RBI) has sought to prevent potentially inflation-stoking banking system liquidity enhancement through deft currency and bond market interventions, with foreign inflows into local sovereign debt quickening after the country’s inclusion in a globally tracked JP Morgan index. With rates on annualised dollar-rupee forward...
Early Birds Report Muted Profit Growth For April-June
The early trend in the first-quarter results season showed a sustained double-digit growth in aggregate revenue while a higher year-ago base and subdued performance by Reliance Industries (RIL), the country’s largest company by revenue and market cap, pulled down the net profit growth to a single digit. Revenue for...
GCPL Invests Over Rs 1,000 Crore On Advertising In FY24
NEW DELHI: FMCG major Godrej Consumer’s advertising investment shot up by 47 per cent to Rs 1,011 crore in FY24 in the domestic market, even as it has reduced SKUs by around 30 per cent through a rationalisation process. Godrej Consumer Products Ltd (GCPL), which aims for double-digit volume...
Affordable Housing, Infra Growth, Boost To Manufacturing Likely To Be Budget Focus: Assocham
NEW DELHI: Greater focus on green mobility, affordable housing, holistic infrastructure development and a big push to manufacturing, along with boosting consumption demand, are expected to find prominence in the forthcoming Union Budget, said an Assocham-Primus paper. Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday in...
Airbus Shortlists 8 Sites For H125 Helicopter Final Assembly Line In India
MARIGNANE (FRANCE): European major Airbus has shortlisted eight sites in India for setting up its final assembly line for H125 helicopters and the ground-breaking ceremony for the facility is expected later this year. The facility, which will be the fourth Final Assembly Line (FAL) for the single engine H125,...
AMD Leverages AI To Shape Next-Gen Computing Experience
LOS ANGELES: Chip maker AMD is looking to position itself as a key player in AI-enhanced personal computers (AIPCs) through strategic innovations on the hardware side to cater to powerful new-age applications, a top company official said. It is taking a holistic approach by integrating technology across CPUs, GPUs,...
Hero MotoCorp Plans To Roll Out Affordable EVs This Fiscal
NEW DELHI: Eyeing leadership in the electric two-wheeler segment, Hero MotoCorp is looking to roll out affordable models in the current fiscal, according to CEO Niranjan Gupta. The country’s largest two-wheeler maker is also hopeful of the debut of its electric range in the international markets. Addressing shareholders in...
Platform To Resolve Exporters’ Complaints Of Non-Tariff Barriers Soon
NEW DELHI: The online portal to take feedback on sanitary and phytosanitary measures and technical barriers to trade being faced by exporters will be rolled out in the next two to three months which will help government provide focussed attention for addressing them, a senior official said Friday. The...
Need Unambiguous, Clear Focus On Inflation: RBI Governor
MUMBAI: The Reserve Bank of India (RBI) needs to focus “clearly” and “unambiguously” on inflation, especially amidst sustained economic growth, RBI Governor Shaktikanta Das said on Friday. “…our target is inflation and we are supposed to keep growth in mind”, Das said while speaking at the Financial Express Modern...
Business Confidence Index Improves To 150 In Q1 FY25 From 138 In Q4 FY24
NEW DELHI: The overall business sentiment in India showed an improvement with the Business Confidence Index rising to 150 during the April-June quarter from 138 in the previous quarter and higher than the corresponding period a year ago, according to the National Council for Applied Economic Research (NCAER)-NSE survey....
Deposits Remain Preferred Saving Instrument But Equity Gains Steam
MUMBAI: Indian households are moving beyond bank deposits and increasingly exploring avenues such as equity instruments and investment funds to deploy their savings, according to a research paper authored by the Reserve Bank of India (RBI) staff. While deposits have maintained their dominant position in the total financial wealth...
No Plans To Allow Business Houses To Promote Banks: RBI
MUMBAI: Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said, speaking at an event organized by the...
Green Certified Office Buildings Command 12-14% Premium In Rental Values: Vestian
NEW DELHI: Office buildings that are green certified command a 12-14 per cent premium in rental values over normal properties, as demand for environment-friendly workspace is high from multi-national companies (MNCs), according to Vestian. In its latest report ‘India Office Market-Sustaining the Sustainability’, real estate consultant Vestian has mentioned...
