India Market

Telecom gear maker Cisco is bullish about India's business prospects where rapid digitisation across sectors and 5G play are fuelling robust growth, a top executive said on Monday, adding India is well on its way to be counted among top five markets for the company globally by 2025. On the new regulations in offing in India's telecom and IT sectors, Daisy Chittilapilly, President, Cisco India and SAARC, told PTI that guardrails are important and "needed" as connectivity improves, digital touches lives of more and more people, and new areas such as AI emerge. The guardrails are in fact good for the industry and Cisco is supportive of any regulation and law that drives towards establishing such guardrails, she said, lauding the extensive industry-wide consultations being undertaken by the government, as new rules are drafted in tech and telecom sectors. The company believes that the Indian market will be resilient for the next decade in terms of growth. Chittilapilly said India has b

Italian automaker Automobili Lamborghini sees an opportunity to enhance growth in the Indian market through its hybridisation programme and move towards full electric mobility, according to company Chairman and CEO Stephan Winkelmann. With the changing geopolitical situation altering global supply chains, the supersports car maker is widening its sourcing base which could be beneficial for the Indian components suppliers. "I think that the Indian market is able to digest our first step into electrification and hybridisation because a lot of our drives are also very well equipped with self-charging while driving the car. So, this is a positive thing because they are plug-in hybrids, but they are also easy to recharge while driving," Winkelmann said in an interaction. Further, he said, "This is going to foster our image of performance cars but also that we are serious in our terms of sustainability and we are very credible in the things we are doing. So we see that there is also a ...

Over 30,000 substandard toys have been seized so far this fiscal year by enforcement agencies, the government on Friday said. In a written reply to Rajya Sabha, Food and Consumer Affairs Minister Piyush Goyal said: "In order to curb the sale of non-ISI certified toys and to ensure implementation of Toys Quality Control Order, 2020, 100 search and seizure operations were carried out in the 2021-22 and 2022-23." "During the search and seizure operations conducted by BIS, a quantity of 9,565 and 30,229 was seized during the year 2021-22 and 2022-23 (up to January 25, 2023) respectively," he added. The minister said that safety of toys is under compulsory Bureau of Indian Standards (BIS) certification from January 1, 2021 as per the Toys (Quality Control) Order, 2020 issued by the Department for Promotion of Industry and Internal Trade (DPIIT) under Section 16 of the BIS Act, 2016. Accordingly, it has been compulsory for toys to conform to the corresponding Indian Standards for Safety

Some investment bankers argued that the reason for tepid fundraising through QIPs and rights could also be due to the fact that companies this year were not in need of large capital

Honasa Consumer was valued at $1.2 bn in January, making it the first unicorn of 2022

Earnings could be challenging as global economic growth is weakening, says Sailesh Raj Bhan

Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences

Buch calls for independence of emerging economies in ESG matters, carbon credit pricing

Compliance burden could go up manifold if new proposals get implemented, say legal experts

Further price cuts, higher advertising costs to weigh on margins

Company has invested in more than 17 start-ups in India, has almost 30% of its global team in country

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September

We need to be sensitive to market demand while approving proposed acquisitions.

In a Q&A, Bala Srinivasa and Rahul Chandra, explain why it is essential for any company today to service the Middle India market in the country's smaller towns in order to thrive

Will increase calcium aluminates capacity by 2030 to about 50,000 tonnes from 30,000 tonnes currently in line with India's target of achieving a 300 million tonne crude steel capacity

The firm already has manufacturing units in four Indian cities, all of which are focused on the export market

Regulator in touch with exchanges, set to accept proposals made in discussion paper

The response was poor as the current market price is far above the open offer price, bankers said

In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months