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India Inc's sales growth slows to 0.1%
Thu, Oct 27, 2016
RBI said, "Expenditure, at the aggregate level, continued to contract, though at a lower rate as compared with the previous quarter. This resulted in a slowdown in operating profit at the aggregate level."
This is how India Inc's second quarter performance may shape up
Mon, Oct 10, 2016
Prasad Koparkar, Senior Director, CRISIL Research said," The second quarter, we expect sectors focused on urban and rural consumption such as automobiles and retail, along with pharmaceuticals and IT services, to record double-digit revenue growth.”
Middle class families scared of Income Tax authorities, I will change that: PM Modi
Mon, Aug 15, 2016
Prime Minister Modi said in the last 60 years, 14 crore people were given gas connections, while the present government provided gas connections to over four crore people in 60 weeks."We have connected 70 crore Indians to Aadhaar and social security schemes. We are working to bring in social change. In such a short span of time we have built two crore toilets. Over 70,000 villages are free from open-defecation," he added.
Sorry carmakers but rural India won’t buy cars till August
Fri, Jun 10, 2016
Rural market has been a concern as sales continue to fall. In May, except light commercial vehicles (LCV) segment that recorded a 17% growth, all else faced the pressure.
Drone industry to reach new heights in China, exceed $11 billion by 2025
Mon, Jun 06, 2016
China's fast-growing drone industry is likely to see its market value swell to over $ 11 billion by 2025, according to a leading professional market research company.
Prabhu says control population to tackle environment issues
Mon, Jun 06, 2016
Railway Minister Suresh Prabhu today made a strong pitch for controlling human population to tackle environmental issues and to reduce the pressure on natural resources caused by growing demand.
Sony mops up Rs 1,200 crore in ad revenue from IPL 9
Sun, Jun 05, 2016
Broadcaster Sony Pictures Networks India (SPN) has mopped up Rs 1,200 crore in advertising revenue from Indian Premier League's ninth season, a growth of 20 % over last year. It had clocked an advertising revenue of Rs 1,000 crore from IPL 8.
India's services sector drops to six-month low in May
Fri, Jun 03, 2016
Growth in India's services industry slowed sharply in May to a six-month low, due to a deceleration in new orders, a business survey showed on Friday. The Nikkei/Market Services Purchasing Managers' Index slumped to 51.0 in May from April's 53.7. A reading above 50 indicates expansion.