FDI growth in India grew 15% to $26 billion

Foreign direct investment into India grew 15 percent to $26 billion during the first half of the current financial year, according to government data. Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at $22.66 billion. Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services ($4.45 billion), computer software and hardware ($4 billion), telecommunications ($4.28 billion), automobile ($2.13 billion) and trading ($2.14 billion), the commerce and industry ministry data showed. Continue Reading

PMI: Indian manufacturing sector grows in May

The country’s manufacturing sector performance gained momentum in May as companies lifted output amid strengthening demand conditions, leading to further job creation in the sector, a monthly survey said Monday. Continue Reading

Wynk tube, minimum recharge plans drive Airtel’s data usage & revenue

After weathering the choppy seas left in the wake of Jio’s disruptive entry, rival Bharti Airtel Ltd, which till a year ago wore the crown as India’s number one telco, has finally managed to steer into stable waters, with its customer retention and engagement strategy driving up data usage and monthly revenue. Continue Reading

MSME sector expects incentives from government in budget

Hit by the triple whammy of delay in GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government to offer incentives in the upcoming Union Budget so that it can cope with the tough times. Continue Reading

Bajaj Auto shares gains 3 per cent after May sales

Bajaj Auto shares rallied 2.7 percent intraday on June 3 after better-than-expected sales data for May. The two and three-wheeler maker reported a 3 per cent increase in its sales at 4.19 lakh units for May Continue Reading

Manganese ore rate slashed

State-run MOIL on Sunday said it has decreased the rates of various grades of manganese ore and other products by 7.5 per cent. Continue Reading

Panasonic to soon become solution tech company

Home appliance and consumer electronics maker Panasonic India is aiming to position itself as a ‘solution technology company’ in the coming years rather than being a product company, a top company official said. Continue Reading

Race on to fill void left by crashed Jet Airways

Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new code share partners as they scramble to fill a lucrative gap left by the collapse of the India’s once-largest international airline. Continue Reading