India Inc is set to post an 18-20 per cent revenue growth for July-September as compared to the year-ago period, domestic rating agency Crisil said on Thursday ahead of the filing of quarterly earnings by companies. The handsome growth in the topline will be driven by both higher volumes and higher commodity prices, the rating … Read more
Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook to ‘positive’ from the earlier ‘cautiously optimistic’. The rating agency said the credit ratio, which illustrates the number of upgrades to downgrades, rose to over 2.5 times in the first four months of the fiscal, as … Read more
An unprovoked 19-minute tirade from Commerce and Industry Minister Piyush Goyal on August 12, asserting that Indian industry’s business practices went against national interests, has left India Inc CEOs baffled, with Mr. Goyal repeatedly singling out the 153-year old Tata group in comments that he said came straight from his ‘heart’. After the Minister’s remarks … Read more
Indian companies are running out of room to absorb rising raw material costs, which could force the central bank to unwind stimulus faster-than-expected and threaten a stock market rally that has earned billions for investors. Companies from the Indian unit of Unilever Plc to Tata Motors Ltd., the owner of the iconic Jaguar Land Rover, … Read more
What is the RBI’s data localisation policy? What is the need for local data storage? The story so far: The Reserve Bank of India (RBI) on Wednesday banned Mastercard from issuing new debit and credit cards to customers in India with effect from July 22. According to the RBI, the U.S. card-issuer has failed to … Read more
Sales of listed private manufacturing companies surged 31 per cent year-on-year in the fourth quarter of the last fiscal on favourable base as well price effect, according to RBI data released on Friday. Sales growth of information technology (IT) sector companies accelerated to 6.4 per cent while non-IT services companies recorded a marginal growth after … Read more
6th note in the series. After significant uptick since last note in November 2020, what next?
Amazon India’s recently held Small Business Days (SBD) has helped more than 84,000 Small and Medium Businesses (SMBs) to bounce back from the economic disruptions caused by the second wave of Covid-19, the company said on Sunday. The three-day event was held between July 2 and 4. Of the 84,000, 68 per cent of the … Read more
South Korean electronics major Samsung has not applied for the production-linked incentive scheme for telecom gear manufacturing, while Swedish telecom gear maker Ericsson is participating through its vendor Jabil Circuit. The government is learnt to have received 37 applications for the scheme, including from leading global manufacturers like Foxconn and its subsidiary Rising Star, Flex, … Read more