Clipped from: https://www.business-standard.com/article/economy-policy/govt-must-lower-fiscal-deficit-act-on-non-tax-revenue-ey-india-s-memani-123012001104_1.html In an interview with Ruchika Chitravanshi, Rajiv Memani, chairman and managing director of EY India, said that there is a strong enabling environment
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👍👍Prioritising stability over growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/prioritising-stability-over-growth-123011901524_1.html The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach Amidst the uncertain global
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
*IndusInd Bank (Buy) – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/brokers-call-indusind-bank-buy/article66408297.ece Anand Rathi Equity Research Target: ₹1,408 CMP: ₹1,199.45 IndusInd Bank’s Q3 FY23 profitability improved, with a 1.86 per cent RoA (up 8 basis
*Ril Q3 Results Preview: RIL Q3 Preview: Profit may slump 17% YoY, Jio Financial plans in focus – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/earnings/ril-q3-preview-earnings-seen-improving-qoq-jio-financial-plans-in-focus/articleshow/97122432.cms Synopsis Net profit is seen down 7-26% on a YoY basis, according to the estimates, while revenue growth is seen in the range
*HDFC planning to raise funds by issuing commercial papers maturing in 1 mth | Business Standard News
lipped from: https://www.business-standard.com/article/finance/hdfc-planning-to-raise-funds-by-issuing-commercial-papers-maturing-in-1-mth-122100600675_1.html India’s Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday
*Asian Paints December quarter net profit rises 6.4% to Rs 1,097 crore | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/asian-paints-december-quarter-net-profit-rises-6-4-to-rs-1-097-crore-123011900656_1.html The company had posted a consolidated net profit of Rs 1,031.29 crore in the same period last fiscal, Asian Paints said in a
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
🙏IndusInd Bank Q3 Results: Profit surges 69% YoY to Rs 1,959 crore; NII rises 19%
IndusInd Bank Q3 Results: Profit surges 69% YoY to Rs 1,959 crore; NII rises 19% https://economictimes.indiatimes.com/markets/stocks/earnings/indusind-bank-q3-results-profit-surges-69-yoy-to-rs-1959-crore-nii-rises-19/articleshow/97089085.cms Download Economic Times App to stay updated with Business
🙏Asian Paints Q3 preview: Expect moderation in sales growth; volume growth to be muted
Asian Paints Q3 preview: Expect moderation in sales growth; volume growth to be muted https://economictimes.indiatimes.com/markets/stocks/earnings/asian-paints-q3-preview-expect-moderation-in-sales-growth-volume-growth-to-be-muted/articleshow/97093974.cms Download Economic Times App to stay updated with Business News
HDFC Bank, HDFC extend gains; advance over 3% in two trading days | Business Standard News
lipped from: https://www.business-standard.com/article/markets/hdfc-bank-hdfc-extends-gain-up-over-3-in-two-trading-days-123011800391_1.html In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE
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
👍Reliance Industries may hive off green hydrogen business to InvIT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-industries-likely-to-hive-off-green-energy-business-to-invit-123011701016_1.html Jefferies values firm’s green hydrogen business at $8 bn Reliance Industries is likely to hive off its green hydrogen business to an InvIT structure at
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
Employee exodus at Vodafone Idea as 20% of sales team quits | The Financial Express
Clipped from: https://www.financialexpress.com/industry/employee-exodus-at-vodafone-idea-as-20-of-sales-team-quits/2949106/ Attrition is in line with industry trends, says telco The telco is now scouting for replacements and has listed as many as 986
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
👍U.S. FDA pulls up Sun Pharma for lapses at Gujarat plant – The Hindu
Clipped from: https://www.thehindu.com/business/us-fda-pulls-up-sun-pharma-for-lapses-at-gujarat-plant/article66378518.ece The U.S. health regulator has pulled up drug major Sun Pharma for manufacturing lapses, including failure to follow appropriate written procedures designed to
