'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
'In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth'
Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds. "My optimism is that in the coming decade, rest of the decade, the potential GDP growth, without taking into account export potential, because global economy is still rife with uncertainty, the growth rate would be around 6.5 to 7 per cent, rather than between 6 per cent and 6.5 per cent," he said.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
'I try to take it one day at a time. Short term goals help me a lot. There is always pressure to perform and I am hoping I am better equipped this time around.'
Ola Electric became the latest among electric scooter (e-scooter) makers to have started the exercise of recalling a specific batch of its model after a rap on the knuckles by the government. Union Minister of Road Transport & Highways Nitin Gadkari on Thursday advised electric vehicle (EV) companies to act responsibly by identifying and recalling defective batches without waiting for orders or guidelines from the ministry. The Bengaluru-based start-up is conducting pre-emptive diagnostics and health check on 1,441 scooters, it said in a statement on Sunday.
India cruised to a 3-0 win over minnows South Africa to progress to the semifinals
A mysterious noise, like that of an explosion, rattled southern parts of the Bengaluru urban district, parts of Ramanagara district and Hosur in neighbouring Tamil Nadu on Friday, sending people into a tizzy.
With just a month left in this financial year, electric two-wheeler sales, so far, are at just 62 per cent of the ambitious target of 1 million units set for 2022-23 by the NITI Aayog. According to VAHAN data, compiled by the Society of Manufacturers of Electric Vehicles (SMEV), 620,006 units of electric two-wheelers were sold across the country in FY23 until February 21. Though the industry may miss the 1-million target, sales in FY23 are already up 146 per cent from 249,621 units sold in FY22.
World No 1 Novak Djokovic began practice on Friday, January 14, 2022, to pursue a record 21st Grand Slam title at the Australian Open in Melbourne, which begins on Monday, January 17.
'In the last seven years or so, many reigning heroes have stopped working with him because no matter how popular a star they are, irrespective of whether they are playing the lead, it eventually becomes an Amitabh Bachchan film!'
Multiplex chains are rushing to smaller towns
Bumrah seems to have taken some inspiration from football legend Zlatan Ibrahimovic as he gets ready to lead Mumbai Indians' bowling charge in their title defence in IPL 2020.
5 things you must know about the lady who has won bashful Boom Boom's heart.
How sweet it is: Eubanks's climb up the ranks is 'icing on the cake'
Ninth seed Jo-Wilfried Tsonga of France could find no solution to the problem of Ivo Karlovic's massive serve as the Croatian ran out a 7-6 6-7 7-5 7-6 victory in their third-round clash at Wimbledon on Friday.
A slowdown in hiring by India's top IT companies has resulted in a sharp increase in the industry's profit per employee in Q3FY23. The top four IT companies earned a net profit of 1.7 lakh per employee during October-December 2022, up 8.6 per cent from Rs 1.57 lakh in Q2FY23 and 16.3 per cent from a record low of Rs 1.47 lakh in Q1FY23. Earnings per employee in the third quarter were, however, still down 0.9 per cent on a year-on-year (YoY) basis.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
The 2023 edition of the Indian Premier League (IPL) will see Disney-Star and Viacom18 competing to sell their ad space with an eye on the estimated Rs 4,000-crore advertising money.
'All the matches are going to be tough but I have to shrug it off and get ready for tomorrow's match.'
Be it consumer products, lifestyle or entertainment, spiritual gurus are stepping into business and are finding success
When the recession ends, a new crop of billionaires will be unleashed on the world economy.
It is time for India to rebalance itself by sorting out its social and health issues and reorganising its soft infrastructure
Commonwealth Games champions Satwiksairaj Rankireddy and Chirag Shetty, who won a bronze medal at the World Championships in August, will play Chinese Taipei's Lu Ching Yao and Yang Po Han, who got the better of England's Ben Lane and Sean Vendy 21-15, 21-14 in the other semi-final.
After 2014, our growth has been average of around 5%. If this continues, we will remain here like Egypt, Brazil, South Africa and Bangladesh, points out Aakar Patel.
The 80th Annual Golden Globe awards saw Hollywood's A-set at their glamorous best.
The next great mega-litigation could rival the $12 billion spent cleaning up Enron.
Hoteliers are tweaking their pricing strategies to adjust to the new stickiness in the market.
China's ascendancy has reached a point where India will have to play a delicate game of exercising autonomy in its pursuit of national objectives without provoking conflict.
The intrinsic inclusivity of Goa is the key to its great attraction, observes Rahul Singh.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
Every week, we bring you fascinating videos, chosen by you, through your likes.
Despite what partisan fund managers are projecting, the rise in the Indian equity market has to be evaluated carefully.
Images from Day 3 of the 2023 French Open at Roland Garros in Paris on Tuesday.
They will now undergo six days of quarantine and then will link up with the Mumbai Indians squad. Rohit, Surya and Bumrah tested negative for COVID-19 before departure from Manchester and after arrival in Abu Dhabi.
