Page 2 - Growth

Growth-oriented Budget can worsen trade deficit

The Indian economy is a 'bright star' growing at about 7 per cent, the fastest rate among major economies

Don't bet against India, growth story to continue, say corporate leaders

No systemic risk to domestic financial system from recent events, they assert

Budget 2023: Tax on high-premium policy may hit life insurers' top line

The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day

Union Budget 2023-24 promises a bright future for India

The country clearly has a growth agenda and this Budget is designed to boost private sector investment and promises to propel India's growth further

Eye on growth: Pain points & what's on offer in Union Budget 2023

New projects are up on a year-on-year basis

Indian SaaS firms to have 8% of world market, get $35 bn in revenue: Study

Most Indian investors expect to increase, maintain capital allocation to sector

India's response to Covid ensured moderate inflation, high growth: Vaishnaw

The minister said India's economy has been resilient and the policy framework has been for a sustained growth with a very moderate inflation

Reasonable growth, attractive valuations for life insurers' stocks

Analysts positive on most of the stocks, especially SBI Life, HDFC Life and LIC

Price growth drove India's pharmaceutical sales in 2022, shows data

Data shows that in calendar year 2022, price driven growth rate has been 6 per cent; growth from new products has been 1.7 percent, while volume growth has been zero

Top Headlines: India ups windfall tax on crude, 6.5% growth likely in FY24

Business Standard brings you the top headlines at this hour

Agrichemical exporters expected to clock better growth than domestic peers

Brokerages have a mixed outlook on margin trajectory for the sector

Appliances, consumer electronics sector aim for double-digit growth in 2023

Bolstered by premiumisation trends, pent-up demand and policy initiatives, the country's appliances and consumer electronics sector expects to continue on the double-digit growth trajectory in 2023, as companies seek to expand capacity and roll out new-age smart products. Learning the hard way in the wake of the global supply chain disruptions caused by the coronavirus pandemic and prolonged lockdown in China, leading companies in the sector are focusing on enhancing production capacity as well as domestic supply chain to reduce dependence on imported components. All said, geopolitical developments and rupee depreciation could have an adverse impact on companies. Appliances & Consumer Electronics (ACE) industry body CEAMA is "optimistic about good growth in 2023 as well" and expects to almost double the value of the industry in the next three years to Rs 1.48 lakh crore by 2025, as well as make the country an alternative hub for exports. In 2022, ACE industry logged an overall ...

With focus on efficiency, start-ups scale back ops in major reversal

Many quick commerce firms have scaled back their dark stores (warehouses) in the past few months

Apple's paid subscribers doubled in three years to 900 mn, says Tim Cook

The company said that paid accounts are growing faster than transacting accounts, so the penetration of paid accounts is increasing

Nestle India could sustain sales growth outperformance in coming quarters

Near-term margins, however, may remain under pressure

Zoho Corporation's business operating system grows 150% in last two years

License upgrades by customers who adopted Zoho One five years ago have increased 92 per cent, contributing to this growth.

NTPC clocks 15.1% growth at 203.5 bn units in power generation in Apr-Sep

State-run power giant NTPC said it has logged 15.1 per growth in power generation at 203.5 billion units (BU) during April-September 2022. The high generation growth indicates improved performance and an increase in demand for power in the current year, it added. "NTPC group companies recorded a generation of 203.5 BU from April to September 2022, registering an increase of 15.1% from 176.8 BU generated in April to September 2021," the company said in a statement. NTPC Rihand (3,000 MW) in Uttar Pradesh was the top performing thermal power plant with 90.22 per cent Plant Load Factor (PLF or capacity utilisation) between April to September 2022. Overall PLF of NTPC coal stations stood at 76.3 per cent in the period under review. The total installed capacity of NTPC is 70,234 MW. NTPC is expanding its footprint in new business areas like green hydrogen, waste-to-energy and e-mobility. India's largest power producer is also aiming for a 10 per cent reduction in net energy intensity b

NLP will spur growth, increase India's participation in global trade: PM

Prime Minister Narendra Modi said on Wednesday the Union cabinet's decision on India's logistics policy will accelerate growth and increase the country's participation in global trade. The efforts in the logistics sector will particularly benefit the farmers of the country and the micro, small and medium enterprises (MSME) sector, Modi said in a tweet. "Today's Cabinet decision on a PLI scheme relating to the National programme on High Efficiency Solar PV Modules will enhance manufacturing in the sector and boost investment," the prime minister said in another tweet. The cabinet earlier approved the National Logistics Policy, which aims at reducing the transportation cost and improve the global performance of the sector. Modi last week unveiled the policy, which seeks to cut transportation costs by promoting a seamless movement of goods across the country. The cabinet also approved modifications in the scheme for semiconductors and the display manufacturing ecosystem with a unifor

Air passenger volume likely to double to 400 mn in next 10 years: Scindia

Growth opportunities for airlines are tremendous as passenger volume will double from 200 million currently to 400 million over the next seven to 10 years", said Jyotiraditya Scindia

DLF aims 10% growth in sales bookings to about Rs 8,000 cr in FY23

Realty major DLF Ltd is targeting a 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal on better demand for its housing properties