The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
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.
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
'Our advice is to put money into equities now rather than staying away.'
The Delhi traffic police advised commuters to avoid waterlogged streets.
Two days on, regular activities were witnessed near the Lakhimpur railway station and other market places where vendors and shops were operating as usual.
The Thiruvananthapuram-bound train will leave Chennai on Mondays, Tuesdays, Wednesday and Fridays.
As per the new COVID-19 restrictions, prohibition has been placed on New Year's celebrations, parties in any closed or open space including restaurants, hotels, bars, pubs, resorts and clubs from December 30 to January 7.
'... To ensure that the vast Indian Ocean Region remain peaceful.'
India must remain an integral part of the global economy if it has to grow at 9-10 per cent over the next three decades, Niti Aayog CEO Amitabh Kant said on Tuesday. Speaking at the 15th India Digital Summit, Kant said India needs to become a major global exporting nation, without that it will not be possible to become richer and create wealth for its people over the next three decades.
'The economic crisis hit us from nowhere. No one saw it coming.'
Thirteen teams of the National Disaster Response Force and three of the State Disaster Response Force were deployed in vulnerable districts of the state, a disaster management department report said.
The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.
Though markets and commercial establishments remained shut and students stayed away from schools.
The World Bank has retained India's economic growth forecast for the current fiscal at 8.3 per cent as the recovery is yet to become broad-based. As per the first advanced estimates of the national income released by the National Statistical Office (NSO) last week, the economy is projected to grow at 9.2 per cent in 2021-22, surpassing pre-COVID level in actual terms, mainly on account of improved performance, especially in farm, mining and manufacturing sectors. "India's economy is expected to expand by 8.3 per cent in fiscal year 2021/22 (ending March 2022), unchanged from last June's forecast as the recovery is yet to become broad-based.
With intermittent disruptions in the supply chain of raw materials from China, the Indian pharma industry has braced itself with bigger inventory. Even smaller drug makers are now carrying a month of buffer stock of key raw materials, said industry insiders. The lockdown in various Chinese provinces, including Shanghai, is likely to delay shipments by two weeks to a month, said domestic players. Shipments are critical for the Indian drug industry, which imports 70 per cent of its raw material from China.
According to the MeT Department, the city received 145 mm rainfall since the previous day, the highest for this date in a decade.
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The situation in and around Lailapur, which was rocked by deadly violence, along the interstate border remained calm with a large number of Central Reserve Police Force troops patrolling the National Highway-306, they said.
'Happiness is feeding birds,' the Indian opener declared, but the boatman may lose his license to ply.
Afghanistan spinner Rashid Khan, who will turn out for Gujarat Titans this season, says he is never bothered by conditions.
In years past, we often approached the Budget expecting to see changes in direct and indirect taxes. Those days are behind us. The Budget of today seeks to expand the economy and keep it at the forefront of technology, observes Harsh Goenka.
Hardik Pandya garners praise as he guides GT to playoffs
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
According to the Central Pollution Control Board (CPCB), the 24-hour average concentration of lung-damaging fine particles known as PM2.5 in Delhi-NCR shot up from 243 micrograms per cubic metre at 6 pm on Thursday (Diwali day) to 410 micrograms per cubic metre at 9 am on Friday, around seven times the safe limit of 60 micrograms per cubic metre.
Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday, which is expected to have plans to boost spending to revive investment and create jobs. The Budget for the fiscal year starting April 1, 2022 is likely to raise spending on infrastructure to set the economy on a firmer footing. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal.
Niti Aayog CEO Amitabh Kant on Tuesday said it is difficult to carry out tough reforms in India and emphasised that more reforms are needed to make the country competitive in the global environment. Addressing a virtual event organised by Swarajya magazine, Kant said for the first time, the Centre has carried out hard reforms across sectors, including mining, coal, labour, agriculture, and the next wave of reforms must be pushed by the states.
A railway station and a police vehicle were torched and several law enforcers injured in stone-pelting incidents on the fourth consecutive day of protests against Agnipath scheme on Saturday when a bandh was also called to press for the demand for rollback of the new scheme for recruitment in armed forces.
In August 1998, the observatory had received 261.9 mm rainfall in 24 hours which was a record for the month till now, but Wednesday's rain broke it within only 12 hours.
According to officials, inflammatory speeches were made during a protest against derogatory remarks made against Prophet Mohammad by now-suspended Bharatiya Janata Party spokesperson Nupur Sharma.
In the clip, which went viral on social media, an announcement on a truck-mounted sound system was heard about the call to boycott the community members, accusing them of spreading violence in Khargone.
Incessant showers caused landslides and floods in various parts of the country leaving at least 17 people dead on Wednesday while thousands more were forced to move to safety as rivers swelled and water reservoirs filled up fast.
Police are probing various angles, including the assailants coming from neighbouring Kerala.
Prime Minister Narendra Modi is likely to flag off the train soon, which will ply between Delhi and his Lok Sabha constituency.
'There were two options before the government -- create a complex, cumbersome law, which will cause a tremendous amount of compliance challenges for startups or say let's go back and do a clean slate, where we do a framework of laws and policies'
Ezra Moseley featured in two Tests against England in 1990 and also played nine ODIS between 1990 and 1991. He went to the rebel tour of South Africa back in 1982-83 and was banned.
Jugraj made his International debut against France during the FIH Hockey Pro League matches in South Africa
The US tech major is planning to begin local production of its upcoming iPhone 12 by next April - within six months of its launch.
The 'unlocking' comes as COVID-19 cases have seen a steady fall in recent weeks.
Security bunkers manned by the central armed paramilitary forces are being set up in many areas of Srinagar where these were removed between 2011 and 2014 following the overall improvement in the security situation across Kashmir.
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