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Business
Contractual workers in Indian manufacturing sector see 5.6 pc annual pay growth
16 Dec 2024 6:41 AM GMT
Bengaluru, Dec 16: The contractual employees in the Indian manufacturing sector saw their compensation packages grow at a 5.9 per cent compound annual growth rate (CAGR) from FY21 to FY24, according to a report on Monday. This growth was driven by inflation, increased demand for skilled workers, and...
Business
Per capita availability of fruits, vegetables increases in India
14 Dec 2024 9:53 AM GMT
New Delhi, Dec 14: Per capita availability of fruits and vegetables in India increased by 7 kg and 12 kg, respectively, in the last decade, according to SBI Research report. The main increase in the per capita production of fruits and vegetables has been in Madhya Pradesh, Uttar Pradesh, Punjab and...
Business
Zepto’s expenses surge over 71 pc in FY24, losses at Rs 1,248 crore
14 Dec 2024 9:29 AM GMT
New Delhi, Dec 14: Blinkit’s rival Zepto saw its expenses surge a whopping 71.6 per cent to Rs 5,747 crore in the last financial year (FY24), as the company clocked Rs 1,248.6 crore in losses. The return on capital employed (ROCE) for the quick commerce company stood at -119.3 per cent and its...
Business
India's growth on resilient trajectory, equity markets in consolidation phase
14 Dec 2024 7:50 AM GMT
Mumbai, Dec 14: India’s economic momentum is expected to recover in the second half of FY25, driven by a rebound in government capex post elections, recovery in rural consumption, and on the back of festive season demand, a report by Motilal Oswal Private Wealth (MOPW) said on Saturday. The growth...
Business
TCS inks 5 year deal with Telenor Denmark to deliver IT infra services
12 Dec 2024 7:20 AM GMT
Mumbai, Dec 12: IT major Tata Consultancy Services (TCS) on Thursday said it has extended partnership with Telenor Denmark (TnDK), the second largest mobile operator in the Danish market, to deliver IT infrastructure services. The extended partnership will see TCS manage the telecom operator’s IT...
Business
NLC’s first supercritical power plant starts commercial operations
12 Dec 2024 7:18 AM GMT
New Delhi, Dec 12: NLC India Limited (NLCIL) on Thursday announced the commencement of commercial operations of the first unit of its super critical 3 x 660 MW Ghatampur Thermal Power Plant, developed through Neyveli Uttar Pradesh Power Limited, a joint venture with UP Rajya Vidyut Utpadan Nigam...
Business
India seeking mutually beneficial FTA with EU: Piyush Goyal
12 Dec 2024 6:43 AM GMT
New Delhi, Dec 12: Commerce and Industry Minister Piyush Goyal has highlighted that India is aiming for a balanced, comprehensive and mutually beneficial Free Trade Agreement (FTA) with the EU, according to an official statement issued on Thursday.At a meeting held here with Ambassadors of the...
Business
Indian share market continues flattish trajectory, Sensex above 81,500
11 Dec 2024 6:29 AM GMT
Mumbai, Dec 11: The Indian stock market continued its flattish opening trajectory this week, as selling was seen in Nifty's financial service and private bank sector in early trade on Wednesday. At around 9:27 am, Sensex was trading at 81,515.06 after gaining 5.01 points or 0.01 per cent, while the...
Business
Asiana Airlines set to officially become a Korean Air subsidiary
11 Dec 2024 6:27 AM GMT
Seoul, Dec 11: A full scale integration between Korean Air and Asiana Airlines is expected to proceed in earnest, according to industry observers on Wednesday, following the closing of the protracted merger deal first announced four years ago. Korean Air has invested some 700 billion won ($489.5...
Business
Adani to finance Sri Lankan Port project on its own, withdraws request for US...
11 Dec 2024 6:24 AM GMT
Mumbai, Dec 11: The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In a stock exchange filing, Adani Ports said the project "is on track for commissioning by early next year”. “We would like...
Business
We value Amazon's efforts to empower businesses from urban centres to rural...
10 Dec 2024 9:46 AM GMT
New Delhi, Dec 10: Union Minister of Road Transport and Highways, Nitin Gadkari, said on Tuesday that the government values Amazon's efforts to leverage its logistics expertise across India, empowering businesses from urban centres to rural areas, as the e-commerce giant announced a series of...
Business
Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28
10 Dec 2024 7:31 AM GMT
New Delhi, Dec 10: The Indian electronics system design and manufacturing (ESDM) industry, valued at about Rs 2.09 lakh crore in FY23, is estimated to reach Rs 9.09 lakh crore by FY28E, at a compound annual growth rate (CAGR) of 34 per cent, a report said on Tuesday.The key growth drivers include...
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