While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
Barring rice, spices, iron ore and pharmaceuticals, all the remaining 26 key sectors registered negative growth in May. Imports too plunged 51 per cent to $22.2 billion in May.
Six young Indian designers showcased their stylish ideas and vision to make India a fashion destination.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
'It is time the government should intervene more strongly than ever before and save the textile industry which is the pride of our nation.'
The multi-hued doodle, with a dominant blue tone, depicts iconic monuments interspersed with images of famous music instruments and dance forms. The six letters of the word Google have been portrayed colourfully and using images of India's national bird and an iconic south Indian dance form.
Remove 10 per cent Excise Duty on Branded Garments or reduced it to 1 per cent level in line with 130 Other Items. Extend benefits of Section 35 (2AB) of the Income Tax Act (deduction of 150 per cent of the expenditure incurred on In-house Research and Development Facility by any Company engaged in the business of Manufacture or Production of any Article or thing specified in the Eleventh Schedule).
With over 945,000 followers on Instagram, this travel influencer will make you want to pick your bags and travel.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Key macroeconomic indicators suggest softening industrial growth.
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment over the government's budget proposals with regard to divestment and foreign direct investment, especially in the insurance sector. The BMS, however, lauded the government for its current efforts on the massive vaccination programme, a special scheme for tea workers in West Bengal and Assam, labour oriented push on infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. On other Budget proposals, it said in a statement that "mixing the beautiful concept of Aatmanirbhar Bharat with FDI and disinvestment in the Union Budget is disappointing for the employees".
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision
A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.
'In the process, I hope that our Earth will be able to heal some more.'
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
If you are running a sweetmeat shop, will you manage a dairy for milk supply or buy milk from the market? Banks are running a dairy (which has its cost for processing milk), while NBFCs are buying milk from the market, observes Tamal Bandyopadhyay.
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
Large and small businesses alike have delivered low-key performances.
Indian economy needs 12 million new jobs every year to absorb a growing workforce and urban migrants
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
'I have interacted with Muslim women in rural Bengal, they are scared of the BJP.'
Under flak for the 'mishandling' of the bomb scare outside Mukesh Ambani's residence, the Maharashtra government on Wednesday transferred Mumbai Police Commissioner Param Bir Singh from the post.
Indore-based textiles firm Neo Corp is the latest in a series of Indian names that have been published in the official gazette of the Swiss govt.
After Nasim Zaidi retired as Chief Election Commissioner in July, there was a vacancy in the poll panel.
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
It beats Netflix any day, exclaims Prithvi Singh.
Following their passion paid off for Harsh Jain and Bhavit Sheth with their fantasy sports platform Dream11 entering the unicorn club with a valuation of over $1 billion.
Shashwat Goenka of the RP-Sanjiv Goenka group plans a high-decibel campaign around its young apparel brand 2Bme.
The world's second largest jeans maker Carrera Jeans of Italy on Saturday said it would invest $250 million in India.
A delayed monsoon and abundant cotton in the international market could spell trouble in the state's suicide zone.
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