Home Is Where The Revenue Is, Find India’s Biggest MNCs

[ad_1] In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India’s top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21. Photograph: Andrew Yates/Reuters About

Moody’s ups growth forecast to 8% for FY24

[ad_1] Moody’s Ratings on Thursday raised India’s GDP growth forecast for FY24 to around 8 per cent from 6.6 per cent on the back of strong domestic consumption and capital expenditure. The estimate comes a day after RBI Governor Shaktikanta

Central govt employees’ DA hiked to 50% of basic pay

[ad_1] The Centre on Thursday hiked Dearness Allowance (DA) to 50 per cent of basic pay from the existing rate of 46 per cent effective from January 1 this year, benefitting over 1 crore employees and pensioners ahead of general

8 NBFCs eye ECB route to raise over $2 billion

[ad_1] Eight non-banking financial companies (NBFCs), including a government-owned infrastructure finance company, are planning to raise over $2 billion through external commercial borrowing (ECB), with prospects for Indian firms in overseas markets being conducive. The NBFCs, which filed for ECB

Analysts remain selective about space-related stocks

[ad_1] Recently, the government relaxed foreign direct investment (FDI) norms for the space sector by allowing 100 per cent FDI in manufacture of components, systems or sub-systems for satellites, ground segments, and user segments. IMAGE: India’s third lunar mission —

India to become upper middle-income country by 2031

[ad_1] Crisil Ratings on Wednesday projected India’s GDP growth at 6.8 per cent in the next fiscal and said the country will become an upper middle-income nation by 2031 with the economy doubling to $7 trillion. In its India Outlook

85% Paytm wallet users not to face disruption: RBI Guv

[ad_1] As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday.

RBI’s diktat to banks for issuance of credit cards

[ad_1] Reserve Bank has directed banks to provide their eligible customers with an option to choose from multiple card networks at the time of issuing credit or debit cards, a move which will benefit card users. The central bank also

Digital to overtake TV in revenues by end of 2024

[ad_1] It has been a slow year for the Indian media and entertainment (M&E) business. After two years of double-digit growth, it grew at just about 8 per cent in 2023 over 2022. It now stands at Rs 2.33 trillion

Unemployment rate dips to 3.1% in 2023

[ad_1] Unemployment rate for persons aged 15 years or above declined to 3.1 per cent in 2023, the lowest in the last three years, as per a report of National Sample Survey Organisation under the statistics ministry. According to Periodic