The maker of Pulsar and Discover reported a net profit of Rs 1,138.20 crore in the second quarter, compared to Rs 1,402.42 crore a year ago.
Recovery was largely driven by the European Union markets.
Demand has also jumped from abroad, including the European Union and America.
Recently, Prime Minister Narendra Modi met over 40 CEOs across broad swathes of industry, ranging from makers of mobile devices, auto components, food products to telecom networking equipment and pharmaceuticals. The agenda: To discuss how to make India an integral part of the global supply chain. The focus of the discussion would be the much touted yet not so well understood production-linked incentive scheme (PLI), the centrepiece of the government's drive to massively boost the manufacturing sector. To do so, the government has created a war chest of over Rs 197,000 crore to be paid out as incentives to over 14 industries in five years. There are three objectives to the scheme, two explicitly stated, one implied.
India's exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
Imports also fell for the eighth consecutive months, down 0.75 per cent to $41.14 billion in January, widening the trade deficit to a seven-month high of $15.17 billion.
The demand for milk and milk products slumped during the Covid-19 lockdown mainly from hotels, restaurants, sweetmeat shops which were shut to control the spread of the disease.
A summary of sports events and persons who made news on Thursday
The restrictions imposed in March led to a sharp slump in demand from bulk consumers like hotels, restaurants, and roadside tea stalls, as they were forced to shut down. Sales of major milk products such as ice-cream, butter milk, and cheese, which usually spike during summer, also dropped.
'Nirmalaji's Budget announcements have long-term implications and are not backed by enough money when the short-term outlook looks bleak,' notes T N C Rajagopalan.
Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.
We have to wait and see whether Jaitley's Budget speech translates into actions and desired outcomes, says T N C Rajagopalan.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
For Kohli, who led India to their first Test series victory in Australia but skipped the second half of the New Zealand tour, the series will be the last chance to identify the batsman to fill a middle order spot in an otherwise settled side.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
The government announced several incentives in the five-year Foreign Trade Policy.
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'The government has given up its focus on economic growth because it it not something Modi has been able to fully understand.' 'This explains the extraordinary focus on divisive politics by the BJP even at a time when the world's most important man in visiting India,' notes Aakar Patel.
"This is the third year in a row that India makes to top 10 in Doing Business, which is a success which very few countries have done over the 20 years of the project, Without exception, the other countries that have done this are very small, population-wise, and homogeneous," Simeon Djankov, Director of Development Economics at the World bank told PTI in an interview.
The petitioner in his PIL had contended that the movie contained scenes and dialogues, which were against the interests of the country's sovereignty and integrity and the security of the state.
Lakhs of jobs are at stake.
'India has an advantage because we produce more cotton and we have more workforce.'
'If it works, something good can come out of this tragedy for the common public good,' say Dr Prasad Gadgil and Dr Kunal Basu.
Ravichandran Ashwin would not get into the debate if the wrist spinners are more effective than the finger spinners, saying the theories floated in Indian cricket are based on 'perceptions'.
With the Indian batting in disarray, Suresh Raina's recent good form gives the Selection Committee, meeting shortly to decide on the squad for the home series against Australia, food for thought.
Hyundai Motor India has started a scheme to give central and state government employees a special discount on purchase of its vehicles.
It was government policies, not ITA-I, according to a recent study.
In October, the company had launched Ciaz in both petrol and diesel options.
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
Exports may fall below $300 bn by 2015-16 end.
Indian Premier League's leading wicket taker, Rudra Pratap Singh, may have been out of favour in India's scheme of things but the left-arm pacer is hoping that season five of the T20 tournament will bring him back in the national reckoning.
He assured the startups that both the banking system and the government will make the resources available to them
"There are several schemes named after leaders and former Prime Ministers. I want to announce a scheme named after the members of Parliament under which they will adopt and develop one village each in their respective constituencies," he said in his address to the nation.
According to Nasscom, India must make its R&D significantly more robust to realise the 'Make in India' dream
The new foreign trade policy is considered to be less effective.
The list of services eligible for duty credits under the Served From India Scheme has been pruned by removing important areas such as computer consultancy services, software implementation, data processing and database services.
Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
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