Business Optimism

Allcargo Group on Thursday said it has appointed Punit Misra as President Chairman Office & Chief Business Officer. In this crucial role, Misra will work closely with the Allcargo Group founder and Chairman Shashi Kiran Shetty to strengthen institution-building efforts and driving the long-term sustainability of businesses for the benefit of all stakeholders, the company said. He will report to Shetty and will be based out of Mumbai, it stated. Misra will also collaborate with the broader leadership team of the company and oversee strategic goals, drive value creation, and provide a broader perspective to business decision-making, it stated. "His vast experience in driving growth and shaping strategies across renowned conglomerates adds immense foresight and strategic depth to our leadership team. "His experience will further elevate governance standards and enhance strategic focus, ensuring business continuity with a long-term outlook. Punit will work closely with me and our ...

Young locals on motorcycles and scooters are ferrying pilgrims through massive crowds at the Kumbh Mela religious festival, creating a lucrative temporary business for students. The sea of devotees heading to Triveni Sangam, the confluence of Ganga, Yamuna and Saraswati, has paralysed regular taxi and rickshaw services from the railway station and airport, with journeys taking several hours. This has spawned an impromptu two-wheeler taxi service, with vehicles ranging from motorcycles to scooters of different brands operated by both male and female college students. The service charges range between Rs 100 and 1,000 per ride. "I saw people stuck in traffic for hours and decided to help them," said Vijay, a law student who turned his motorcycle into a taxi. "Most of the college students are riding the bike taxi and earning Rs 3,000-5,000 a day," said Peter, an unemployed postgraduate who joined the enterprise. He plans to resume job hunting after the festival ends. Even Lal Bahadur

The industry is buoyed by policy continuity as the CII Business Confidence Index soared to a two-quarter high of 68.2 for the July-September period this fiscal, the lobby grouping said in its first survey after the Lok Sabha polls. The 128th round of the CII Business Outlook Survey was conducted in September 2024, covering more than 200 firms of varying sizes across all industry sectors and regions. Economic momentum has gained speed post the general elections, the industry body stated. India's economic growth has held up well despite global challenges, CII said, asserting that the upcoming festive season portends well for fortifying growth prospects further. However, it cautioned that the "uncertainty in the global scenario persists, necessitating a careful watch on the evolving economic conditions". A few niggling business concerns have been highlighted by the respondents in the survey, with protracted geopolitical tensions, spike in global commodity prices and slowing external

Shuttered for security reasons, markets to miss weekend crowds

Structural unemployment problem, social unrest, poor state of education and health care, and nutrition deficits among children - tomorrow's workforce - temper optimism on India, writes T Ninan

As the company's major sales comes from rural, semi urban & exports; Going forward, the management expects home appliances and pipe segments to perform well back by various government initiatives.

Business optimism has witnessed an increase in the ongoing quarter supported by various measures taken by the government and the RBI to boost consumption demand during the festive season, says a survey. The fall in active cases of COVID-19 infected persons and the improvement in recovery rate also supported the business sentiment. The Dun & Bradstreet Composite Business Optimism Index stood at 46.2 for October-December 2020, registering an increase of 57.4 per cent as compared to the third quarter. The index is arrived at on the basis of a quarterly survey of business expectations. The latest survey was carried out in September and October and covered 350 chief executive officers and managing directors. The survey however revealed that optimism of respondents in the services sector has remained subdued and lower than the industrial sector across all parameters including sales, new orders, net profits, level of selling price and employees. "The improvement in the optimism level ...

The survey, which covered 380 firms across sectors, portrayed that most of the respondents want tax relief, demand creation and ease of compliance from the government.

The Dun & Bradstreet Composite Business Optimism Index stood at 49.40 per cent for Q2 2020 (April-June), a record low and worse than during the 2009 financial crisis.

The index has dropped 7 per cent more than it did during the 2009 financial crisis

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The Philippines topped the chart with 73% respondents being optimistic about economic growth

Earlier, India stood at sixth position with 78 per cent of the total respondents showing confidence in the economic growth for the April-June 2018 period

Level of confidence of Indian private companies significantly declined in Feb

Only 28% of CFOs surveyed stated the need for raising short-term funds and 25% for long-term funds