Data

India:Manufacturing, infrastructure sectors to add 58,200 jobs in Apr-Sept FY20

      Jun 18, 2019

The manufacturing, engineering and infrastructure sector is likely to add of 58,200 new jobs in the April-September of this financial year, a report published Monday said.   According to TeamLease Services biannual 'Employment Outlook' report for April-September FY20, these industries will witness a 2 per cent...

ITC CMD Sanjiv Puri's remuneration up by over 51% to Rs 6.16 cr in 2018-19

Wealth Management       Jun 13, 2019

  Total Remuneration of diversified group ITC Chairman & MD Sanjiv Puri has gone up by over 51 per cent to Rs 6.16 crore in 2018-19.   Puri (56), who has been recently elevated as Chairman of the Kolkata-headquartered company after Y C Deveshwar passed away, took...

FDI inflows to India rose 6% in 2018 to $42 bn, says UN report

Eco/Invest/Demography       Jun 12, 2019

  “Investment in India – the subregion's largest recipient – rose by 6 per cent to $42 billion with strong inflows in manufacturing, communication, financial services and cross-border merger and acquisition (M&A) activities,” the report said.   The report added that India has historically accounted for 70...

India has 597 ATMs less in 2019 than 2017: RBI report

Eco/Invest/Demography       Jun 08, 2019

  NEW DELHI: The number of ATMs in India dropped to 2,21,703 as on March 31, 2019 from 2,22,300 at the end of 2017, recording a decrease of 597 ATMs during the period, according to a report released by the Reserve Bank of India.    India also...

End-user IT spending in India to reach $15 billion in 2019: Gartner

Technology       May 15, 2019

End-user information technology spends by Indian companies will jump by nearly 10 percent to $15 billion in 2019, a report said on May 6.   The fastest growth will be in the business process outsourcing sector, which is estimated to grow at over 14 percent to...

Hinduja brothers top UK rich list, Reuben brothers second 

  London: Srichand and Gopichand Hinduja have returned as the United Kingdom’s wealthiest in the 2019 Sunday Times Rich List, with steel magnate Lakshmi Mittal and family and mining major Anil Agarwal making it to the top 20 richest.   The Hinduja brothers replace British businessman Jim...

Reliance entry to digitise 5 million kirana stores by 2023: Report 

Eco/Invest/Demography, Intermediaries, Technology       May 12, 2019

  Richest Indian Mukesh Ambani-led Reliance Industries entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said.    As much as 90 per cent of India's USD 700 billion...

Rooftop solar projects must for India to meet 175 GW renewable energy goal: Report 

  NEW DELHI: India needs faster implementation of roof-top solar projects to meet the 175 gigawatts of renewable energy target by 2022, a report has said.    The country has set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which...

India's domestic passenger market falls to 3.1 per cent in March: IATA

Eco/Invest/Demography       May 08, 2019

NEW DELHI: The growth of India's domestic passenger market fell to 3.1 per cent in March as compared to 8.3 per cent in February as there was "reduction in flight operations of Jet AirwaysNSE 8.49 %" and "disruptions at Mumbai airport owing to construction", global...

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