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Delhi consumer forum imposes Rs 15 lakh fine on Emami over fairness cream
The order said that a reasonable or average intelligent customer...
Sebi bans finfluencer, firm from securities market, orders Rs 9.5 cr disgorgement for unlawful advisory biz
In its final order, Sebi noted that Ravindra Bharti Education...
India:Manufacturing, infrastructure sectors to add 58,200 jobs in Apr-Sept FY20
“The manufacturing, engineering and infrastructure sector has employed 6.42 crore people as of HY2 of 2018-19. With the electronic manufacturing ecosystem is expected to reach investments worth Rs 26 lakh crore by 2025 the sector is expected to witness an exponential growth in jobs,” Teamlease Services head of industrial, manufacturing and engineering vertical, Sudeep Sen said quoting the report.
FDI inflows to India rose 6% in 2018 to $42 bn, says UN report
Developing and transition economies capture 45 per cent of all innovation-related FDI. Projects in developing Asia are transforming some economies, including Singapore, Hong Kong (China), India and Malaysia, into global hubs of applied research
India has 597 ATMs less in 2019 than 2017: RBI report
The analysis, however, revealed that although India has made progress with reference to the absolute number of ATMs deployed, the rate of deployment is still relatively low when the size of the population is taken into consideration.
End-user IT spending in India to reach $15 billion in 2019: Gartner
On the BPO front, the report said crowdsourcing, working at home (WAH) or teleworking, and the ‘gig economy’ will account for 40 percent of the customer management (CM) BPO workforce by 2021, up from 7 percent in 2017. By 2021, it will account for an estimated 900,000 people.
Reliance entry to digitise 5 million kirana stores by 2023: Report
As much as 90 per cent of India’s USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.
India’s domestic passenger market falls to 3.1 per cent in March: IATA
“The slowdown largely reflects the reduction in flight operations of Jet Airways -which stopped flying in April – as well as disruptions at Mumbai airport owing to construction,” the IATA said.
Rooftop solar projects must for India to meet 175 GW renewable energy goal: Report
Residential consumers and state governments are lagging behind. The government’s recent 20-40 per cent financial subsidy for new residential rooftop solar installations should accelerate the pace at the local level, Vibhuti Garg, IEEFA energy analyst and co-author of the released report added.
India to witness an addition of 11.5 lakh jobs H1 FY’20: Teamlease Employment Report
‘Net New Job Creation’, is also a pivotal parameter in the TeamLease ‘Employment Outlook Report’. Findings of the report have indicated an overall creation of 11,44, 286 jobs. Majority of these roles will be across Mumbai[1,67,585], Delhi[1,59, 051] and Bangalore[1,50,120], with sectors like Retail[1,66,000], Logistics [1,49,000] and Educational Services [1,17,000] creating maximum opportunities. 17% of these new jobs created will be focused towards hiring fresh graduates.
FPIs pour in Rs 38,211 cr in March on improved global liquidity
As per Harsh Jain, chief operating officer of Groww, the cooling of US-China trade war and no hike in interest rates by the US Fed has made India attractive to FPIs. Other factors like stable crude oil prices have also helped
India:FPIs pump in Rs 20,400 crore in first half of March on positive global cues
“With the expectation on US interest rate hike declining, there has been increased flow into emerging markets. Locally, since February, there is a clear trend of FPIs buying beaten down segments such as banking and finance stocks…,” Vidya Bala, Head – Mutual Funds Research at FundsIndia said.