economic slowdown
Finance Minister Nirmala Sitharaman
Government takes cover in fastest growing economy theme
19 Nov 2019 2:05 AM

The government has brought in major reforms to boost investment climate in the country for becoming a $5-trillion economy: Nirmala Sitharaman.

Srei Infra’s total consolidated income for the quarter stood at Rs 1,424.18 crore as against Rs 1,537.43 crore recorded during the year-ago quarter.
Srei focuses on co-lending biz; PAT down
13 Nov 2019 1:35 AM

The company's consolidated PAT was at Rs 98.04 crore in the first six months of this financial year against Rs 250.52 crore last year.

The new-age hospitality company says it witnessed an upward surge in bookings in its hotels in smaller cities in the September quarter compared to the previous quarter and the same quarter last year.
Short trip to small cities is new travel trend
27 Sep 2019 1:58 AM

Surat and Nagpur saw daily average bookings shooting up by 493 per cent and 291 per cent, respectively.

Ever since the e-commerce sector started growing in India, mobile phones have been numero uno in the marketplace, as the largest-selling category growing multi-fold. Even during the demonetisation and GST implementation phase, the mobile phones have been growing by 40 to 50 per cent and had grabbed half of the e-commerce market.
Mobile sales come down, but still in double-digits
18 Sep 2019 1:50 AM

However, in 2018, the mobile phone category grew by 28 per cent, and in the first half of 2019, it saw the lowest growth of 12 per cent.

However, this argument is not breaking the ground as most of the states are of the view that slowdown in these sectors is because of cyclical and structural issues and not because of GST rates, an official said. (Representional Image)
GST Council meets next Friday; tax rate cut to hinge on revenue position
13 Sep 2019 7:20 PM

The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.

As predicted by us at the beginning of the year, Indian PE/VC investment activity in 2019 has surpassed the all-time high of $36.5 billion recorded in 2018.
PE/VC funding to touch $50 billion
11 Sep 2019 1:33 AM

The total PE/VC investments till August stood at $36.7 billion.

The government announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
Banks merger reflects govt resolve to address economic slowdown: India Inc
31 Aug 2019 11:09 AM

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

Jyothi Laboratories' Ullas Kamath opined that the fixing the slowdown could be done by increasing the consumption for which salaries should have gone up. (Photo: Representational)
Budget 2019: Little done to address economic slowdown, says FICCI Karnataka
05 Jul 2019 7:59 PM

FICCI felt there was little done to address the economic slowdown while health and education did not get the required filip.

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