India Inc set to post 18-20% revenue growth in Q2, says Crisil report

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

Piyush Goyal terms Indian industry anti-national, raises eyebrows

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

Companies fight to protect margins as inflation reaches tipping point

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

Amazon’s Small Business Days sees record sales for over 84K SMBs

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

Samsung skips telecom PLI scheme; Ericsson participates through Jabil

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