'The market won't wait for earnings to recover.'
Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand.
The Congress-led grouping has some reasons to feel emboldened over recent political developments.
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
Two elderly Chinese aerospace experts are hospitalised after a violent attack by a 'Princeling', states Jayadeva Ranade, the distinguished China expert and retired RA&W officer, highlighting the power the 'Princelings' ironically hold in the Communist People's Republic.
India has been able to attract 40 global smartphone makers to the country -- creating at least 50,000 jobs. But GST could hurt that, discovers Ayan Pramanik.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
In her opening remarks, while chairing the meeting of the Congress Working Committee, Gandhi also accused the Centre of giving preferential treatment to some states while maintaining "thundering silence" on requests of states ruled by the Congress and opposition parties.
Let's take a look at beverage companies projected to post biggest growth.
Costlier vegetables slowly pushed retail inflation, which had remained well within the Reserve Bank's comfortable level of 4 per cent during most part of 2019, peaked to more than three-year high of 5.54 per cent in November.
The move to push offline sales will be led by opening Mi Home stores, Xiaomi India managing director Manu Jain tells Alnoor Peermohamed.
Sitharaman's Budget missed deficit target for the third year in a row, pushing shortfall to 3.8 per cent of GDP in the current fiscal as compared to 3.3 per cent previously planned.
'We will likely be buffeted by tailwinds from the global economy, geopolitical shifts and robust domestic demand.'
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
India's GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday. Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.
Core sectors like manufacturing were the second largest recruiters at the newer IITs.
Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed.
Dealers attribute the sluggishness in sales to distress in rural India as well as tepid sentiment in urban markets.
Official sources said talks were underway to wrap up negotiations on procurement of a missile defence system by India from the US for $1.86 billion.
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The rupee has fallen almost 20 per cent in the first four months of FY14, forcing the government to consider raising import duties on gold and non-essential luxury items.
Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
On Sunday morning Eastern US time, four astronauts will zoom into space on a SpaceX Falcon 9 rocket from the Kennedy Space Centre in Florida. Commanding the spaceflight is Raja Chari, a United States Air Force colonel.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
The poll watchdog faces two Heruclean tasks -- to produce over a million VVPATs in time for the 2019 elections and also iron out manufacturing tweaks in the machines which are already in use.
Xiaomi plans to bring global component suppliers to India and this could potentially bring investment of at least Rs 15000 crore
VIP Industries, the second largest luggage manufacturer in the world, is using the theory of constraints to improve its profits, reports Ritwik Sharma.
With a combination of both physical and virtual exhibition, the 13th edition of the biennial international event at Air Force Station Yelahanka will be the world's first hybrid aerospace show.
That prompted manufacturers to add jobs for the first time since June.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
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