IT to see three to five per cent growth in FY25
Indian IT sector’s revenue growth is expected to come at a tepid 3-5 per cent in FY25, a domestic rating agency said on Monday. The sector’s hiring will “remain muted” in the near-term until the growth momentum picks up, Icra Ratings said. However, the companies’ profitability is expected to be resilient amid...
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Insurance sector gets FDI worth Rs 54,000 crore in last nine years
19 March 2024 | PTI -
Air India Express to operate non-stop flights to Kochi, Imphal from Kolkata in April
18 March 2024 | PTI -
Markets surrender early gains to trade lower
18 March 2024 | PTI -
Banks asked to check mis selling, safeguard account holders interest: Joshi
18 March 2024 | PTI -
Flipkart valuation declines in two years
18 March 2024 | PTI -
Decathlon to accelerate investments in India
18 March 2024 | PTI -
Kerosene consumption falls sharply during FY14-23: Data
18 March 2024 | PTI
FPIs infuse over Rs 40,000 crore in equities on strong economic growth
FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook. The inflows came following a modest investment of Rs 1,539 crore in February and...
Mother Dairy to invest Rs 750 crore
Mother Dairy will invest Rs 650 crore to set up two new plants for processing of milk as well as fruits and vegetables to expand its business amid rising consumer demand. Mother Dairy, which is a leading milk supplier in Delhi-NCR, will also invest another Rs 100 crore to expand capacities...
Coal PSUs must plan pithead based thermal projects, says Meena
The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. The plan is that all new thermal projects of Coal India Ltd (CIL) and NLC...
Regional airline FLY91 expects to have 350 staff in first year of operations
Regional airline FLY91, which will commence its commercial flights on March 18, will have around 350 staff at the end of the first year of operations and aims to break even within two years, according to a top executive. The Goa-based airline currently has two ATR 72-600 planes in its fleet...
India economic boom feels like 2003-07: Morgan Stanley
India’s current world-beating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged more than 8 per cent, according to economists at Morgan Stanley. In a report ‘The Viewpoint: India - Why this feels like 2003-07’, Morgan Stanley said after a decade of investment...
Adani to invest USD 14 bn in FY25
Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance over the next...
ChargeMOD to deploy 1,200 more EV chargers across India
Kerala-based energy tech Startup, ‘chargeMOD’, has announced its expansion plans and said it will deploy 1,200 more EV chargers across India and 600 more in Kerala. The company, in an announcement made earlier this week, said it was planning to set up an additional 1,000 slow chargers and 200 fast chargers...