Steep GST, Cess Drive Toyota Camry Hybrid Out of Production

Tata Consultancy Services Q1FY25 Key Takeaways

Revenue: Growth of 5.4% (YoY), 4.4% (YoY CC) & 2.2% (QoQ). Growth Breakdown by Markets Core Markets: North America – A 1.1% decline driven by...

Leave a Comment

Household financial savings moderated but physical assets jumped: SBI Research

The net financial saving of the household sector – the most important source of funds for the two deficit sectors, namely, the general government sector...

Leave a Comment

Asymmetric Transmission of Monetary Policy: SBI Research

"Financial markets are vital to the functioning of every modern economy. From a macroeconomic policy perspective, besides the crucial role of price discovery for a...

Leave a Comment

FY24 GDP growth to be higher than 6.5%: SBI Research

Despite headwinds, In India, global economic activity remained resilient in the Q1FY24, driven mainly by the services sector. This is in sharp contrast to IMF’s...

Leave a Comment

Viscose staple yarn makers set for 10-12% revenue growth this fiscal: CRISIL

Revenue of the Indian viscose staple yarn (VSY) industry is set to grow 10-12% on-year to an all-time high of over $2.5 billion this fiscal...

Leave a Comment

Defence Acquisition Council approves proposals worth Rs 7,800 cr

A Defence Acquisition Council (DAC) meeting, held under the chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity (AoN) for capital acquisition proposals worth approximately...

Leave a Comment

Forecast of weak August rainfall dims prospects of kharif acreage: ICRA

Although the South-west monsoon rainfall was above normal at 105% of Long Period Average (LPA) in June-July 2023, the temporal and spatial distribution was quite...

Leave a Comment

Syrma SGS Technology acquires 51% in Johari Digital Healthcare

Syrma SGS Technology Limited has entered into definitive agreements to acquire a 51% stake in Johari Digital Healthcare Limited (“JDHL”), an end to end design-led...

Leave a Comment

At current rate, India to become 3rd largest economy by FY28: SBI Research

The Indian economy continues to enjoy a period of sustained goldilocks. There is now an increasing consensus that India’s GDP in Q1FY24 is likely to...

Leave a Comment

Shipping Industry Likely to Maintain its Steady Performance in FY24: CARE

The global shipping industry performed well from mid-CY2021 to CY2022 backed by recovery in charter rates across multiple vessel segments after the initial impact of...

Leave a Comment

International passengers increased by 88% y-o-y in Q1

Passengers carried by scheduled Indian and Foreign carriers for scheduled international operations in the first quarter of 2023 show an increase of about 88% over...

Leave a Comment

Sales dropped precipitously after the price surged on imposition of 28% GST plus the 15% cess for luxury cars. This meant the ex-showroom price of the car in Delhi, which accounted for half its sales, rose to about 38 lakh from 32 lakh.