Finance minister Nirmala Sitharaman has given the navratna status to four more state-owned public enterprises – Satluj Jal Vidyut Nigam Ltd, Solar Energy Corporation of India Ltd, Railtel Corporation of India Ltd and National Hydroelectric Power Corporation Ltd.
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While manufacturing, IT, and non-IT services showed positive growth, certain sub-sectors like cement and steel faced challenges, impacting their overall performance.
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Indian conglomerates face a significant talent shortage which could impact expansion plans and growth. Key sectors like automobile, health, real estate, and construction are the worst hit. Companies like Tata Motors and L&T are investing in training programs to bridge…
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India’s booming economy is driving a significant increase in energy demand. Petroleum product consumption is expected to rise steadily by 4-5 per cent annually for the foreseeable future. Similarly, the demand for major petrochemical products is also expected to rise…
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An Indian tax investigation has revealed that British insurer Aviva breached commission regulations by using fake invoices and untracked cash payments. Between 2017 and 2023, Aviva’s India business paid $26 million to entities claiming to provide services but were actually…
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The Reserve Bank of India has levied penalties on two banks: Rs 2.68 crore on UCO Bank for violating rules on current accounts, interest on deposits, and fraud classification, and Rs 2.1 lakh on Cent Bank Home Finance Ltd for…
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