Experts say that the lockdown and its aftermath will further quicken the consolidation in the real estate sector, which has been taking place since 2012, with more small players going out of the business and bigger, branded players dominating the market.
'By November 2020, men recovered most of their lost jobs, but women were less fortunate: 49 per cent of the job losses by November were of women.' 'The recovery has benefited all, but it benefited women less than it did men,' notes Mahesh Vyas.
Total income during the reported quarter stood at Rs 11,776.63 crore as against Rs 10,258.13 crore in the year-ago period
RBI has maintained the stock of currency through advance as well as current printing level
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
From a commercial standpoint, reducing the price of each SKU, particularly with a small MRP (Rs 5 or below) is often a challenge, including availability of legal tender below Re 1
The 3G, 4G data and Airtel Money services are the next growth engines for the company in Africa.
India have emerged winner in all five matches against Pakistan in T20 World Cups, starting from the inaugural World T20 in 2007.
Production between January and mid-March declined by about 5.85 million kg.
It's been 15 days since Prime Minister Narendra Modi sent ripples across the nation when he announced that Rs 500 and Rs 1000 notes would be demonetised immediately. Here are some of the protests that the country has witnessed since then.
CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year. This is the second highest fall in residential sales in the past five years, after Q1, 2017, when the decline, due to the note ban, was 37 per cent.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
IIP down due to poor show by manufacturing, mining and power sectors
Asian Games gold-medallist Swapna Barman will have customised shoes for her 12-toed feet soon as the Sports Authority of India (SAI) has tied up with footwear company Adidas to ensure specially-designed gear for the heptathlete.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
Maharashtra, the country's largest cane and sugar producer after Uttar Pradesh, had, over the past few years, weathered adverse market dynamics brought about by a domestic and global sugar glut, mounting arrears and muted exports.
Swapna Barman's claim to fame before landing in Jakarta was as the athlete with 12 toes but the 21-year-old will return home having forged a new identity after winning India's first Asian Games gold in the heptathlon.
'Serial testing is much more valuable than a single test which reflects just a point in time.'
The dealers are protesting against the use of petrol pumps for government campaigns and seeking of personal data of over a million people working there
The industry is hoping the Tatas deepen their dive and offer two stable airlines -- a Vistara merged into Air India servicing the international routes, and an AirAsia India merged with Air India Express that competes with the low fare airlines in India and offers destinations within five hours, says Anjuli Bhargava.
The Chinese community in the city is one of the largest in the country and is apprehensive that the escalation of the conflict between the two Asian giants would hamper their lives and livelihood.
Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.
India's GDP growth quickened to 7.4 per cent in the September.
Economic affairs secretary S C Garg said that all macroeconomic parameters are performing well.
Chief Minister Arvind Kejriwal announced that children who have lost their books and uniforms in the violence, will be provided the same free of cost.
Airtel, Vodafone-Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore following the Supreme Court order last week that sent shock waves through an industry already grappling with billions of dollars in debt and an intense tariff war to retain customers.
Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.
Attempts are being made to balance the need for health of the sector, consumer interest while complying with the Supreme Court order on statutory dues.
Through increase in import duty, the government aims to help domestic oilseed crushers and edible oil producers who suffered badly last year due to cheap imports
At least two of them - Lava and Micromax - are arming themselves against the Chinese rivals which made them insignificant in the local market over the past few years.
Hospital authorities said of the deceased at the GTB, at least nine received gun shots. One of the deceased is also a woman, they said.
The 190-km railway line will be between Dadri in Uttar Pradesh and Phulera in Rajasthan, which fall under the Western Dedicated Freight Corridor
The global brokerage firm further said that BoP would be INR-supportive.
The firm will invest over Rs 1,000 crore in marketing, cash backs and promotional spends
We knew from the moment the pandemic took hold that this would be a long haul -- at least 12 to 18 months. Nothing should have changed that assessment, says Mihir S Sharma.
The country's largest lender SBI on Thursday reported a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore, largely because of a higher base in the year-ago period where it had benefitted from a Rs 4,500 crore one-off income. On a standalone basis, the city-headquartered lender's net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter. SBI chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.
With infrastructure claiming a larger share, movement and distribution of cement is bound to change.
Any business that makes inter-state supply is outside the ambit of the scheme
Apart from this, state refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.
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