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Those in commerce and business must not feel "heat of the system" as they are the job and wealth creators and contribute to social harmony, Vice President Jagdeep Dhankhar said on Sunday. He also said that the principle of "economic nationalism" was more important than fiscal gains of a few individuals. Addressing an event of a private educational institution here, Dhankhar said he has always advocated that "those in trade, commerce, industry must not feel heat of the system. They must have respect in society". The vice president was of the view that this segment was the job and wealth creator and contributes to social harmony. "They are economy drivers ...They have learned the art in this country to give back to the society. By and large they do it," he said while noting that the freedom movement of India is dotted by their contribution. The vice president also underlined the need to follow the principles of economic nationalism, whereby unnecessary imports can be curbed to save
India is emerging as a "good opportunity market" in the gaming business for the consumer electronic major Sony, its India Managing Director Sunil Nayyar said. The company has reported "phenomenal growth" in the gaming business in FY24, with the robust performance of PlayStation 5 and its software peripherals. Sony India's PlayStation dominates the console operating gaming system market here with around 95 per cent market share and has almost doubled its revenue in FY 2023-24 from the segment. However, now, it expects a moderation in the growth rates because of the high base, Nayyar said. "Now, the base is very high because we almost achieved the double business last year. So this year, we intend to have modest growth, but we are developing the gaming business market in the country, including software development and peripherals etc," the Sony India MD told PTI. Sony India last week filed its annual returns to report over 50.1 per cent growth from its 'other business' segment at Rs
The startup aims to empower GTM (go to market) teams with tools that streamline workflows and drive growth in today's data-driven landscape.
It is no longer ease of doing business'. The new mantra of attracting investments is "speed of doing business" which helped the Andhra Pradesh government close the deal with TCS to set up a campus in Visakhapatnam in just 90 minutes, Minister Nara Lokesh said. In an interactive session at the ITServe Alliance Synergy Conference in Las Vegas (USA), Lokesh said Chief Minister N Chandrababu Naidu-led NDA regime in the state is actually looking at business processes reengineering in the government to deliver seamless governance in the hands of people, making officials and politicians irrelevant. "So when I met Chandra Sir (N Chandrasekaran), chairperson of Tata Sons, I was asking him what his advice would be to me. He said just focus on the speed of doing business. "So our singular focus is on the speed of doing business. We will create a very conducive environment in Andhra Pradesh in terms of attracting investments and grounding those investments. And one example of that is how we ...
Over the past year-and-a-half, Uttar Pradesh has witnessed remarkable growth, adding 28,649 active companies
Co-working space operators have given nearly 23,000 desks to Global Capability Centres (GCCs) during the first nine months of this calendar year with MNCs preferring managed flexible office space, according to Knight Frank. Real estate consultant Knight Frank India's report 'GCC Driving India's Real Estate Growth Story' mentioned that the GCCs have emerged as the primary occupiers of flex spaces across the country. "GCC occupied flex seats across eight key markets increased from 17,380 in 2023 to 22,881 in the first nine months of 2024," it added. The consultant said that a year-on-year (YoY) analysis of GCC flex seat occupancy showed a decline in usage from the year 2021 to 2023, as companies transitioned back to traditional office spaces with the easing of the COVID-19 pandemic. "However, 2024 saw a shift with flex seat occupancy by GCCs increasing once again. This resurgence is linked to slower economic growth in the US, prompting companies to leverage India's cost advantages a
The custom of wearing a bindi dates back centuries, and some sources suggest it has roots in ancient Hindu rituals
Hong Kong-based The Executive Centre, which provides flexible office space to corporates, will invest Rs 125 crore to expand its India business by opening 8 new centres. The Executive Centre (TEC) posted a 31 per cent growth in India revenue to Rs 475 crore during the 2023 calendar year driven mainly by expansion amid rising demand for flexible workspace. TEC has more than 220 centres in 36 cities and 16 countries. In India, the company has a portfolio of 13 lakh square feet of workspace comprising around 12,500 desks across 50 centres. Paul Salnikow, Founder and CEO, The Executive Centre said, "India continues to be one of the biggest and fastest-growing markets for The Executive Centre. The demand for flexible workspaces in the country has been on the rise with the changing preferences and requirements of the modern workforce." Various traditional and new-age sectors including IT/ITES, BFSI, and startups in addition to the influx of GCC (Global Capability Centre) have contributed
Artisan has been among some of Seven & i's vocal foreign investors who have urged the company to focus on its core convenience store business
Known for his exemplary business acumen and philanthropic nature, Tata as chairman led various companies within the Tata conglomerate for more than 20 years
Ratan Tata, the former chairman of Tata Sons, passed away on Wednesday at the age of 86 in Mumbai. Under his leadership, the Group transformed from an Indian-focussed entity to a global powerhouse
With the resurgence of traditional goods and strong consumer sentiment, businesses are set to see a considerable boost this year
The UK is seen as a preferred international destination for expansion by a majority of Indian businesses, according to a new analysis by business and financial adviser Grant Thornton UK released here on Wednesday. Grant Thornton's International Business Report (IBR), which surveys the expectations of around 3,500 senior executives in 31 economies every quarter, found that 89 per cent of mid-market Indian businesses referred to the UK in their growth preferences and 61 per cent of UK businesses had a similar view of India as a market for expansion. A proposed India-UK free trade agreement (FTA), currently in the fourteenth round of negotiations, is seen as holding out great potential to further boost this two-way business attraction. Businesses in both India and UK markets are setting their sights on the other as a key destination for global expansion, drawn by the two markets' strategic advantages and strong cultural connections, said Anuj Chande, Head of South Asia Business Group a
State Bank of India (SBI) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships. "We have strong branch expansion plans...this would be mainly focused on emerging areas. A lot of residential colonies are not covered by us. Around 600 branches is something we are planning in the current year," SBI Chairman C S Setty told PTI in an interview. The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were inaugurated. SBI has a network of 22,542 branches across the country as of March 2024. Apart from branch presence, SBI has 65,000 ATMs and 85,000 business correspondents. "We serve about 50 crore customers and we take pride in saying that we are the banker to every Indian, and, more importantly, to every Indian family," he said. He also said it would be his endeavour to transform SBI into the best bank, the most valued ba
Export-intensive segments vulnerable to global risks, warn rating agencies