Page 2 - Growth

Confident of growing our advances on par with industry: HDFC Bank CEO

HDFC Bank is confident of growing its advances on par with the industry in the current financial year and exceeding it next year, Managing Director & Chief Executive Officer Sashidhar Jagdishan said in a message to stakeholders. Jagdishan, in his message published in the bank's annual report, said the results of FY25 represented the first full year of operation since the merger on July 1, 2023. He said that in the last financial year, the bank reported healthy growth while maintaining pristine asset quality, which has been its USP across business cycles. Net profit increased by 10.7 per cent to Rs 67,347.4 crore in March 2025, while net interest income grew by 13 per cent. "Your Bank's balance sheet rose by over 8 per cent to Rs 39,10,199 crore. Gross NPAs were at 1.33 per cent of Gross Advances. Advances grew by 5.4 per cent to Rs 26,19,609 crore while deposits grew 14.1 per cent to Rs 27,14,715 crore," Jagdishan said. As is evident, he said the bank's deposits grew 2.5 times ...

SOTC Travel targets double-digit growth for FY26, to focus on expansion

SOTC Travel is targeting double-digit growth for the current financial year ending March, with a strong focus on expansion across regional India, the company's Managing Director & CEO Vishal Suri said. In an interview to PTI, he shared the company's vision for expansion and travel trends, including a strong rise in pilgrimage tourism with the onset of the Shravan season, particularly for the 12 Jyotirlingas. "We are targeting healthy double-digit growth for FY25-26. Regional India is a key focus area for us. We are not only widening our reach across the country but also deepening our presence in existing markets, based on the need and potential we see," Suri told PTI. He observed that the company's expansion strategy is both broad and focused, enabling it to tap into emerging travel demand across demographics and geographies. "We are committed to strengthening our omnichannel strategy with focused expansion across both digital and physical touchpoints. We're actively investing in .

Global factory growth faces hurdles as tariff fears cloud outlook

Factory activity in South Korea contracted for the fifth straight month though the pace of decline eased on relief over a snap presidential election on June 3 that ended six months of uncertainty

Sales of listed non-financial private companies grow 7.1% in Jan-Mar: RBI

Sales of listed private non-financial companies registered a 7.1 per cent growth during January-March quarter of 2024-25 as compared to 8 per cent of expansion in the previous quarter and 6.9 per cent during the year, according to RBI data released on Thursday. The Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2024-25, drawn from abridged quarterly financial results of 2,936 listed non-government non-financial companies. Aggregate sales growth (y-o-y) of 1,659 listed private manufacturing companies moderated to 6.6 per cent during Q4:2024-25 from 7.7 per cent during the previous quarter. RBI said that even as major industries such as electrical machinery, chemicals, food products and pharmaceuticals industries recorded a double-digit sales growth, weak performance of petroleum industry pulled down the sector's sales growth. Annually, sales growth of IT companies improved further to 8.6 per cent in Q4 from 6.8 per cent in

Policy space to open up if inflation is below projections: RBI Governor

Reserve Bank of India Governor Sanjay Malhotra reiterated that the RBI will continue to watch the incoming data on inflation and growth, and take a call

Egis appoints regional leaders to boost growth in West, South Asia

Egis Announces New Regional Leadership Appointments to Drive Strategic Growth and Transformation

RBI can back growth with ease; urban demand is low but so is inflation

The GDP growth has improved sharply to 7.4 per cent in Q4 (January-March, 2025), taking the full-year growth for FY25 to 6.5 per cent

Northeast region witnessing unprecedented growth, says PM Narendra Modi

Prime Minister Narendra Modi on Friday said the Northeastern region is witnessing unprecedented progress and the government is determined to accelerate its growth story. Addressing the 'Rising North East Investors Summit' here, he also said that diversity of the Northeast is its biggest strength and that the region is emerging as the frontrunner of growth. "The Northeast is witnessing unprecedented progress. We are determined to accelerate its growth story," he said while inaugurating the two-day event which is being attended by chief ministers of the region, union ministers, bureaucrats, diplomats among others. Top industry leaders Mukesh Ambani, Gautam Adani, Anil Agarwal among others attended the inaugural session. Modi said for his government, EAST means - "Empower, Act, Strengthen and Transform". "There was a time when Northeast was only called frontier, now it is frontrunner of growth," he said. He said the Northeast was earlier synonymous with bombs, guns and rockets which

Arunachal Pradesh witnessed accelerated growth since 2016: CM Khandu

Arunachal Pradesh Chief Minister Pema Khandu said the state has experienced rapid development since 2016, attributing it to the government's policies of "reformation, performance, and transformation". Speaking at a developmental meeting at Shergaon in West Kameng district on Sunday, Khandu outlined the significant progress in GSDP, state budget, per capita income, GST collection, and state-owned resources since he assumed office in 2016. "Reformation, performance, and transformation are driving Arunachal Pradesh on a path of accelerated development," Khandu said, highlighting a 135 per cent increase in GSDP since 2016. He noted that the state budget had grown from Rs 12,500 crore in 2016 to over Rs 40,000 crore in 2025. "If we compare 2016 and 2025, our per capita income has risen by 105 per cent, GST collection by 584 per cent, and state-owned resources, which were just Rs 900 crore in 2016, have surged to over Rs 40,000 crore this year," an official statement on Monday quoted Kha

Private investment key to India’s defence growth: Experts at BS Manthan

Private investment key to India’s defence growth: Experts at BS Manthan

CGOs take centre stage at IT services companies amid growth challenges

Companies such as Tech Mahindra, HCLTech, LTIMindtree, US Technologies, and Persistent Systems already have growth officers who report to their chief executives

We see next 5 yrs as unique opportunity to realise Sabka Vikas: Sitharaman

Finance Minister remarked that India's development track record for the past 10 years and structural reforms have drawn global attention

India's economic challenges in 2025: Reforms key to sustained growth

To achieve Viksit Bharat, India must tackle slowing growth and global headwinds

Oberoi Realty: On strong growth foundation with domination in luxury market

The retail segment continues to perform well and the hospitality segment remains buoyant, with travel momentum being sustained

Manufacturing firms see decline in operating profit for second qtr in a row

The operating profit for manufacturing firms is down 18.4% year-on-year, according to CMIE

AI from India, for India and the World: Shaping future with emerging tech

India poised to lead AI era with skilling focus, policy support, and ethics

Indian pharmaceutical market registers over 6% growth in October 2024

The value growth comes at a time when the IPM has registered a negative volume growth of 1.8 per cent

MUFG bullish on India, seeks M&A deals to drive growth, expand presence

The goal for Japan's largest lender is to push up its buyouts and investment in India

Investors demanded sustainability over rapid growth: GoMechanic's Kakkar

Car services and repair platform GoMechanic's investors sought customer-focused, sustainable growth over rapid growth that helped the troubled startup get back on its feet, Co-Founder Muskan Kakkar said on Wednesday. She was speaking about the brand's revival journey during a panel discussion at the 51st edition of the AIMA National Management Convention here. Founded in 2016, GoMechanic was on the verge of breakdown about a year-and-a-half ago after anomalies were found in its financial records. In March 2023, it was acquired by Servizzy, a subsidiary of the Lifelong Group. A customer-focused approach helped the "sinking ship" bounce back, Kakkar said. "Thanks to our investors -- Lifelong, Hero and Stride Ventures -- who trusted us by saying that they do not need exponential growth in the business, but a business which is more sustainable, a business which can stay there forever," she said. That's how the company has not been going for exponential growth, but is working to make

Balmer Lawrie eyes Rs 6K cr revenue by 2030, to hire consultant for growth

Diversified PSU Balmer Lawrie & Company is aiming at a revenue of Rs 6,000 crore by 2030 and is in the process of engaging a consultant to prepare a comprehensive growth plan, a top official said on Friday. The company, which operates across several business verticals, including grease and lubricants, industrial packaging, logistics and travel and vacations (T&V), has a current revenue of Rs 2,400 crore. "We are targeting a revenue of Rs 6,000 crore by 2030 and looking to appoint a consultant to guide us," Balmer Lawrie CMD Adhip Nath Palchaudhuri said. He also said the key focus areas for growth are travel and vacation, grease and lubricants, logistics, and industrial packaging. Palchaudhuri noted that the T&V vertical has substantial growth potential. "Around 80 per cent of the business lies outside government departments, predominantly in the private sector. We are actively promoting our services to capture a significant share of the leisure travel market," he said. The