Page 5 - Ficci

At next board meeting, Sebi to relax delisting norms: Madhabi Puri Buch

The move is expected to help promoters take their company private if they wish to do so

Manufacturing accelerates in Q2, likely to sustain in FY24: Ficci study

57% respondents have plans for investments and expansion in the next six months

India's healthcare ecosystem undergoing change: KPMG India co-head

KPMG-FICCI study suggests more than 20 new healthcare models emerging in India

SMEs utilising digital technologies for various business functions: Report

Small and Medium enterprises (SMEs) have been utilising digital technology for various functions, with 60 per cent of them using it for human resources, 51 per cent for sales and marketing, and 48 per cent for finance, according to a report by industry body FICCI. The report also revealed that the accounting software (such as Tally/ Vyapar/ Busy, etc.) and business applications like ERP and CRM were reported to be the most used digital tools by SMEs. According to the report, most of the firms have experienced improvements in productivity and reductions in operational costs as a result of incorporating digital technology into their business functions. Approximately 35 per cent of respondents reported a reduction in their annual operational costs by 11-20 per cent as a result of digitalisation, the report said, adding that another 30 per cent of respondents indicated that their annual operational costs had decreased by more than 20 per cent. It said amongst the enterprises that repor

Indian economy projected to grow at 6.3% in FY24, says Ficci Survey

The Consumer Price Index (CPI)-based inflation is expected to remain at 5.5 per cent in FY24, with a range of 5.3 per cent to 5.7 per cent

Banks urge RBI to set up liquidity window for financing of startups

High mortality rates in startups a big worry

Govt considers easier terms for its PPP contracts with private firms

Central and state governments are expanding funding support for projects, but will need the private sector's support

Explore new financing models for skill development: Ficci-KPMG report

The study pointed to emerging trends in skill financing such as private equity and venture capital investment, working capital financing for training partners

It speaks volumes of India's rise: FICCI prez on G20 summit Declaration

Earlier today External Affairs Minister S Jaishankar said that the G20 Leaders's Summit Declaration adopted on Saturday focuses on promoting strong, sustainable, balanced and inclusive growth

Ethanol blending programme may hit supply bottleneck after successful run

Doubts crop in over the viability of achieving 20% ethanol blending

Manufacturing sentiment positive in first quarter, shows Ficci survey

In the fourth quarter of FY23, 55 per cent of the respondents reported higher production levels

Manufacturing sentiments in India remain positive for first quarter: Ficci

Manufacturing sentiments in India remained positive during June quarter FY24 notwithstanding global headwinds, according to a Ficci survey released on Monday. The latest quarterly survey on manufacturing outlook by the industry body observed that after a revival in the Indian economy in FY22, momentum of growth has continued in the subsequent quarters as well. The survey assessed the sentiments of manufacturers for April-June (2023-24) for nine major sectors namely automotive & auto components, capital goods & construction equipment, cement, chemicals fertilizers and pharmaceuticals, electronics & white goods, machine tools, metal & metal products, textiles, apparels & technical textiles, toys & handicraft. Responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 7.70 lakh crore. In March quarter FY23, 55 per cent of the respondents reported higher production levels. Further, over 57

India-UK FTA has to be win-win for both sides, says FICCI president

Free trade agreements (FTAs) need to ensure they provide a level playing field and the India-UK FTA, which recently completed its 10th round of negotiations, has to be a win-win scenario for both sides, the head of India's leading business chambers has said. Subhrakant Panda, President of the Federation of Indian Chambers of Commerce and Industry (FICCI), was in the UK this week for the FICCI Forum of Parliamentarians, a bipartisan initiative for political outreach. The delegation from India was briefed on areas of interest in the bilateral relationship over a series of discussions with businesses and parliamentarians. As far as Indian businesses are concerned, we are competitive, confident and looking to engage with the world, said Panda. I think what FTAs need to ensure is that they provide a level playing field and are rules-based. It's all about give and take. Clearly, both governments are engaged in intense discussions and 10 rounds have been completed, so I would look at it f

Need to upgrade brokers' skills for better real estate services: FICCI-JLL

Industry body FICCI and real estate consultant JLL India have pitched for formal training and certification courses for property brokers to upgrade their skills, enabling them to help clients in taking informed decisions. FICCI and JLL India have jointly come out with a white paper titled '(Re)Shaping Real Estate Professionals', which highlighted that the real estate agent registration grew from 33,270 in January 2019, to 71,514 in January 2023, across the country under the Real Estate (Development and Regulations) Act, 2016, known as RERA law. A delegation led by Vineet Nanda, Chairman - Regional Urban Infra Committee, FICCI, recently presented the white paper to Arun Kumar Gupta, ACS, Town & Country Planning, Haryana, according to a statement. Nanda, Director Sales & Marketing of realty firm Krisumi Corporation, briefed Gupta about the education programme available currently to skill brokers, also called as channel partners. "Presently, despite the RERA, only 30 per cent of .

MPC meeting: Continued pause on policy rate to push growth, says industry

The MPC voted 5 members to 1 to remain focused on the withdrawal of accommodation

India to have 87% EVs by 2047 with policy boost: FICCI-YES Bank report

For cost alleviation and investment drive, the report suggests demand incentives till significant xEV penetration and emissions-based taxation, while also creating credit pathways for financing xEVs

Need to correct compliance burdens for business, reduce litigations: Kamath

Veteran banker K V Kamath on Friday said there is a need to correct "compliance burdens" for businesses in the country and also reduce litigations. Kamath, who now chairs the government-promoted National Bank for Financing Infrastructure and Development (NaBFID), said that the government needs to reduce the litigation and concerns on tax laws at a greater speed. "...the level of compliances and compliance burden that needs to be corrected," he said addressing an event organised by industry body Ficci here. He later elaborated that the government itself has identified issues on the compliances front when it spoke about simplification of various procedures for businesses. When asked if it is impacting investor confidence, Kamath replied in negative, reasoning that the investor class will come wherever it sees value. Kamath said the foreign direct investment (FDI) flows have been impacted by the overall global sentiment where volatilities are leading to a deferment of decisions, and

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Indians will spend more on online gaming than on films by 2025: EY-Ficci

Sector is growing at twice the pace of filmed entertainment, study shows

Man of priorities: Ficci, family biz and food, Panda has his focus clear

Lunch with BS: Meet Subhrakant Panda, Ficci president