Improved monsoon, solid fiscal performance, and capex push by the public and private sectors augurs well for India’s macroeconomic stability and growth, the finance ministry’s monthly economic review for June 2023 said. But the report said that while India’s domestic fundamentals remain strong, negative cross-border spillovers and adverse global developments could act as… Continue reading India’s growth trajectory secure: FinMin’s monthly economic review
Tag: Growth
India needs to focus on manufacturing to achieve 7-7.5% growth: CEA
India needs to focus on the manufacturing sector to achieve sustained growth of 7-7.5 per cent until 2030, Chief Economic Advisor V Anantha Nageswaran said. In an S&P Global report titled ‘Look Forward: India’s Moment’, Nageswaran said that manufacturing should be a key growth area given the country’s comparative advantage in terms of… Continue reading India needs to focus on manufacturing to achieve 7-7.5% growth: CEA
Cognizant Q2 profit down 19.7%, retains 2023 revenue growth guidance
Nasdaq-listed Cognizant Technology Solutions has retained its full year 2023 revenue growth guidance at $19.2 – $19.6 billion, a decline of 1 per cent to growth of 1 per cent in constant currency. The third quarter revenue is expected to be in the range of $4.89 – $4.94 billion, a decline of 0.5 per… Continue reading Cognizant Q2 profit down 19.7%, retains 2023 revenue growth guidance
Yum! Brands report 22% system sales growth in India and its area countries
Jubilant FoodWorks gearing up to launch Domino’s for ONDC debut Street Signs: PSU Bank exchange-traded funds, Yum! Brands stocks, and more Yum! Brands reported 25% system sales growth in India in Jan-March quarter Flavour of season: It’s a premier league for food delivery firms this IPL Domino’s Pizza launches breakthrough 20-minute delivery in Bengaluru Mankind… Continue reading Yum! Brands report 22% system sales growth in India and its area countries
Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth
Mankind Pharma | Photo: Website Delhi-headquartered Mankind Pharma reported a 66 per cent year-on-year (YoY) increase in profit after tax (PAT) for the first quarter (Q1) of 2023-24 (FY24), reaching Rs 494 crore. This surge was supported by an 18 per cent YoY rise in revenue from operations, amounting to Rs 2,579 crore. The… Continue reading Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth
Women’s empowerment fuels growth, need to create level-playing field: PM
Prime Minister Narendra Modi on Wednesday said the economic empowerment of women fuels growth and the most effective way to empower women is through a “women-led development approach.” “When women prosper, the world prospers,” Modi said while virtually addressing the ‘Ministerial Conference on Women’s Empowerment’ organised at the Mahatma Mandir in Gujarat capital Gandhinagar as… Continue reading Women’s empowerment fuels growth, need to create level-playing field: PM
Emami expects good growth in personal care, healthcare businesses
Emami Ltd vice-chairman and MD Harsha V Agarwal expressed confidence on Tuesday that the FMCG player will have good growth from its personal care and healthcare businesses in the years ahead and the firm expects to grow at 27.9 per cent compound annual growth rate (CAGR) from 2021 to 2027. Emami which saw… Continue reading Emami expects good growth in personal care, healthcare businesses
India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Goods and services tax (GST) revenue rose 11 per cent year-on-year in July to Rs 1.65 trillion, showed official data released on Tuesday. Monthly GST collection crossed the Rs 1.6-trillion mark for the fifth time, indicating vigorous economic activity and strict anti-evasion measures employed by both central and state governments. GST collection… Continue reading India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Growth, asset quality expectations may limit downside for SBI Card
Rupay forex card out soon: Should you pick one over a credit/ debit card? What’s capping rally in SBI shares despite record net profit in Q4FY23? NIM expansion, loan growth: Top 5 things to track in SBI’s Q4FY23 results What are cashback credit cards? Which are the best ones? How to pick? PNB Q4 results:… Continue reading Growth, asset quality expectations may limit downside for SBI Card
With a GDP growth of 6.5%, we will be growing at 13%: South Indian Bank CEO
The tenure of Murali Ramakrishnan as the managing director and chief executive officer of Thrissur-based South Indian Bank is set to be over by September 2030. During the first quarter of 2023, the bank posted a 75 per cent rise in net profit. Ramakrishnan lines up the reasons for better performance, future outlook and… Continue reading With a GDP growth of 6.5%, we will be growing at 13%: South Indian Bank CEO