Clipped from: https://www.thehindubusinessline.com/economy/agri-business/edible-oil-imports-up-31-as-palm-oil-shipments-surge-77/article66512063.ece Shipments into the country surge 31.3% during Nov-Jan with RBD palmolein consignments trebling India’s palm oil refining industry is suffering from low capacity
Category: Industry
👍👍👍India’s per capita consumption for footwear lowest globally: CLE Chairman Sanjay Leekha – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/indian-consumption-of-footwear-is-only-two-pairs-per-capita-cle-chairman-sanjay-leekha/article66502792.ece Domestic market is extremely positive as footwear purchase will increase with rising buying strength Sanjay Leekha,Chairman, CLE | Photo Credit: VELANKANNI RAJ B
Secondary steel scrap recycling industry seeks GST structure rationalisation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/secondary-steel-scrap-recycling-industry-seeks-gst-structure-rationalisation/article66516906.ece The industry is under scrutiny as the scrap dealers have been found guilty of claiming fraudulent input tax credits The Induction Furnace sector
👍57% of people lookout for jobs despite an offer in hand: report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/57-of-people-lookout-for-jobs-despite-an-offer-in-hand-report/article66512622.ece The period between offer acceptance and the start date is crucial, says a survey by ANSR The recent trend of the biggest names
👍👍👍Life insurance companies plan strategy tweak to offset tax impact | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/life-insurance-companies-plan-strategy-tweak-to-offset-tax-impact-123021500005_1.html Union Budget has proposed to tax high-value policies with premium aggregating to Rs 5 lakh per year to plug arbitrage that HNIs are
👍PC sales set to slow down in India as hardware firms announce layoffs | Business Standard News
lipped from: https://www.business-standard.com/article/companies/pc-sales-set-to-slow-down-in-india-as-hardware-firms-announce-layoffs-123020700484_1.html Sale boom during pandemic waning as consumers delay purchase due to fear of recession: Report After the big tech firms of Google, Meta
👍👍Gaming industry welcomes TDS change, awaits clarity on GST | Budget 2023 | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/budget-2023-gaming-industry-welcomes-tds-change-awaits-clarity-on-gst-123020200395_1.html Budget 2023: The Centre has also made a distinction between ‘games of skill’ and ‘games of chance’ in the Finance Bill, signalling that
👍’IT firms need to be creators of talent and not just consumers,’ says Accenture’s Rekha M. Menon – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/it-firms-need-to-be-creators-of-talent-and-not-just-consumers-says-accentures-rekha-m-menon-367809-2023-01-27 In an exclusive exchange with Business Today around the Indian IT sector, Menon said, “Every business will need to evolve to become a
👍Near 50% jump in imports threatens India textile story | The Financial Express
Clipped from: https://www.financialexpress.com/industry/near-50-jump-in-imports-threatens-india-textile-story/2961219/ Such imports are likely to go well past $10 billion in the current fiscal to hit a record, official and industry sources told
Two-wheeler industry unlikely to recover in the next two years: ICRA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/two-wheeler-industry-unlikely-to-recover-in-the-next-two-years-icra/article66397604.ece Overall auto sector expected to grow at high single digit The two-wheeler industry continues to struggle with volumes still below the pre-Covid peak
🙏Govt vehicles older than 15 years to be scrapped, deregistered: Govt | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-vehicles-older-than-15-years-to-be-scrapped-deregistered-govt-123011901335_1.html Prime Minister Narendra Modi launched the National Vehicle Scrappage Policy in 2021 and had said it will help phase out unfit and polluting
Paint industry could see further downsides on demand, competitive pressures | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paint-industry-could-see-further-downsides-on-demand-competitive-pressures-123011800980_1.html Q3 could see weak volumes; hurdle for incumbents is new entrants in the sector The paints sector has been an underperformer with most
*Layoff: Microsoft to reduce 10,000 jobs globally amid bleak global outlook | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/microsoft-to-reduce-10-000-jobs-globally-through-the-end-of-q3-fy23-123011801313_1.html The impact of the move on its Indian operations could not be ascertained Microsoft on Wednesday said it would reduce its workforce by 5
Hiring slowdown lifts India’s top IT companies’ profit per employee | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brake-on-hiring-boost-it-industry-s-profit-per-employee-shows-data-123011701150_1.html Productivity improves in terms of revenue per employee A slowdown in hiring by India’s top IT companies has resulted in a sharp increase in the industry’s
👍Hiring slowdown lifts India’s top IT companies’ profit per employee | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brake-on-hiring-boost-it-industry-s-profit-per-employee-shows-data-123011701150_1.html Productivity improves in terms of revenue per employee A slowdown in hiring by India’s top IT companies has resulted in a sharp increase in the industry’s
Indian IT services in 2023 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indian-it-services-in-2023/2950212/ After the surge in hiring during the pandemic years, 2023 could bring in a trend reversal for the IT sector he IT sector’s
pharma industry: Budget 2023: ‘Pharmacy of the world’ has a Chinese Achillean heel – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2023-pharmacy-of-the-world-has-a-chinese-achillean-heel/articleshow/97046291.cms Synopsis Given how crucial the pharmaceutical industry is to the country’s economy, its reliance on China for raw materials is particularly alarming. Pharma
IT Sector : Positive signals | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/positive-signals-123011500910_1.html IT companies have done better than expected The third quarter (October-December 2022) was expected to be grim for the IT sector. Guidance had