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NEW DELHI: The growth in factory output, as measured by the Index of Industrial Production (IIP), is likely to slow down to around 4.7% in FY25 from an estimated 6.1% in FY24, in the backdrop of the statistical effect of a high base and fading away of pent-up demand,...
NEW DELHI: Despite paucity of manpower available with the government, a record 125 Advance Pricing Agreements (APAs) were signed during FY24, in what experts believe shows the APA teams have become more efficient. “The government has multiple APA teams spread across the country and with every year, both taxpayers...
NEW DELHI: India’s share in global services exports has more than doubled over the last 18 years and rise of global capability centres (GCCs) has played a crucial role in the expansion, a global report said on Monday. The proliferation of GCCs has given a boost to real estate,...
MUMBAI: At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India...
BENGALURU: Escalating construction costs are forcing real estate players to optimise their expenditures and readjust their pricing strategies to strike a balance between profitability and meeting customer requirements. A recent JLL report stated that the overall construction cost in the country will experience an average increase of 6 per...
GURUGRAM: Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company’s infant food formulation for children below 18 months is done on a global basis and the allegation that “it is racially stereotyped is unfortunate” and untrue. Addressing reporters here, he said the amount of...
NEW DELHI: HCL Technologies’ FY25 guidance of 3-5 per cent represents a “good growth” in current environment, CEO C Vijayakumar said, adding cloud migration and GenAI projects are gaining traction but financial services vertical could face ‘headwinds’. Vijayakumar told PTI in an interview that HCL Technologies (HCLTech) is keen...
NEW DELHI: The escalating geopolitical tension may have implications for the country’s exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body FIEO said. The global uncertainties caused by continuing war between Russia and Ukraine has impacted India’s outbound shipments in...
MUMBAI: India Inc is likely to log 4-6 per cent revenue growth in the January-March quarter of 2023-24, marking the slowest quarterly growth since recovery from the Covid-19 pandemic which began in September 2021, said a Crisil report. The report is based on an analysis of 350 companies which...
NEW DELHI: Concerned over slow progress, the lenders of debt-ridden Reliance Capital (RCAP) have asked the Hinduja Group arm, IndusInd International Holdings Ltd, to expedite the process of obtaining necessary regulatory approvals and stick to the resolution plan deadline of May 27. In a meeting held in Mumbai on...