Page 6 - Growth

Pak has to do more to ensure foundation for strong growth: IMF MD Georgieva

Pakistan has to do more to ensure that the foundation for strong growth is in place, taxes are collected and are fairly distributed, and those who have more, pay more, IMF Managing Director Kristalina Georgieva has said, as the cash-starved country is engaged in "tough" talks for a bailout with the global lender to tide over the worsening economic crisis. Pakistan, which is in dire need of funds as it battles a wrenching economic crisis, has received financial assistance from the International Monetary Fund (IMF) in the past and is presently in discussions with the organisation to resume its loan programme. An agreement on the ninth review of the programme would release over USD 1.1 billion. A resumption of the IMF programme would also unlock other avenues of funding for Pakistan. Georgieva emphasised that the IMF has made "good progress" in its talks with Pakistan. "Pakistan has gone through a number of years striving to stabilise the economy and put in place a sound framework for

India likely to contribute 15% to global growth in 2023: top IMF exec

Despite doing better than rest of the world, inflation remains a key challenge to country's growth prospects, says

Private sector will propel country to a different level: Sajjan Jindal

Says public sector has failed worldwide and that he strongly advocates that govt should not do business

India lost 2 Bhutans worth of individual taxpayers to Covid-19 pandemic

Growth rate of new tax payers has been under pressure in recent years

Financial services firm KFin Technologies reports 79% profit growth in Q3

Total income rises 14% to Rs 194 crore while expenses declined 4.8% to Rs 123 crore

Growth-oriented Budget can worsen trade deficit

The Indian economy is a 'bright star' growing at about 7 per cent, the fastest rate among major economies

Don't bet against India, growth story to continue, say corporate leaders

No systemic risk to domestic financial system from recent events, they assert

Budget 2023: Tax on high-premium policy may hit life insurers' top line

The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day

Union Budget 2023-24 promises a bright future for India

The country clearly has a growth agenda and this Budget is designed to boost private sector investment and promises to propel India's growth further

Eye on growth: Pain points & what's on offer in Union Budget 2023

New projects are up on a year-on-year basis

Indian SaaS firms to have 8% of world market, get $35 bn in revenue: Study

Most Indian investors expect to increase, maintain capital allocation to sector

India's response to Covid ensured moderate inflation, high growth: Vaishnaw

The minister said India's economy has been resilient and the policy framework has been for a sustained growth with a very moderate inflation

Reasonable growth, attractive valuations for life insurers' stocks

Analysts positive on most of the stocks, especially SBI Life, HDFC Life and LIC

Price growth drove India's pharmaceutical sales in 2022, shows data

Data shows that in calendar year 2022, price driven growth rate has been 6 per cent; growth from new products has been 1.7 percent, while volume growth has been zero

Top Headlines: India ups windfall tax on crude, 6.5% growth likely in FY24

Business Standard brings you the top headlines at this hour

Agrichemical exporters expected to clock better growth than domestic peers

Brokerages have a mixed outlook on margin trajectory for the sector

Appliances, consumer electronics sector aim for double-digit growth in 2023

Bolstered by premiumisation trends, pent-up demand and policy initiatives, the country's appliances and consumer electronics sector expects to continue on the double-digit growth trajectory in 2023, as companies seek to expand capacity and roll out new-age smart products. Learning the hard way in the wake of the global supply chain disruptions caused by the coronavirus pandemic and prolonged lockdown in China, leading companies in the sector are focusing on enhancing production capacity as well as domestic supply chain to reduce dependence on imported components. All said, geopolitical developments and rupee depreciation could have an adverse impact on companies. Appliances & Consumer Electronics (ACE) industry body CEAMA is "optimistic about good growth in 2023 as well" and expects to almost double the value of the industry in the next three years to Rs 1.48 lakh crore by 2025, as well as make the country an alternative hub for exports. In 2022, ACE industry logged an overall ...

With focus on efficiency, start-ups scale back ops in major reversal

Many quick commerce firms have scaled back their dark stores (warehouses) in the past few months

Apple's paid subscribers doubled in three years to 900 mn, says Tim Cook

The company said that paid accounts are growing faster than transacting accounts, so the penetration of paid accounts is increasing

Nestle India could sustain sales growth outperformance in coming quarters

Near-term margins, however, may remain under pressure