Private Sector

'Reform, Perform, Transform' mantra visible in every sector: PM Modi

Prime Minister Narendra Modi on Monday said the development following the mantra of 'Reform, Perform and Transform' is visible in every sector. Addressing the Rising Rajasthan Summit here, Modi said today every expert and investor in the world is very excited about India. He said that having a large manufacturing base in India is important as the world needs an economy that continues to function strongly even during the biggest crisis. "Today the world needs an economy that continues to function strongly even during the biggest crisis. It should not be disrupted. For this, it is very important to have a large 'manufacturing base' in India," he said. The Prime Minister said that India has shown how the democratisation of digital technology is benefiting every sector and every class. "India is showing the world the real power of 'democracy, demography and data'," he said. Modi said the youth power is taking the ancient tradition of India forward. PM Modi said that our government is

NSO to unveil 1st private capex survey in March amid investment push

NSO launched the first of its kind survey to track the annual capex by the private sector by compiling information on the projected capital investment for the next two years

Pvt lender HDFC Bank launches rural and semi-urban focused savings account

The bank's network of over 4,600 branches in semi-urban and rural locations will serve as touchpoints to leverage this product, covering nearly two-thirds of India's population

LNG trucks in India: Pvt sector entry sparks change, but challenges remain

India's LNG trucks' path is strewn with rocks, namely, poor infrastructure, high vehicle prices, lack of government support, and a highly fragmented market dominated by small transporters

Govt reconstitutes CAC to drive reforms, boost apprenticeship training

Among private sector employer representatives, the council will include members from the TATA Group, Maruti Suzuki, Reliance Industries, Toyota, and the Indian Banks Association, among others

Govt can't take over all private properties for 'common good': SC

The ruling may impact policies aimed at wealth distribution

HSBC flash India composite PMI rises to 58.6 in Oct; job creation improves

Index has been above the 50-level separating growth from contraction for 39 consecutive months

Project stalling rate eases to 12-year low; sharper decline for pvt sector

Private-sector capex may face headwinds from a growth slowdown, suggested independent market expert Ambareesh Baliga

DCB Bank Q2FY25 results: Net up 23% on uptick in non-interest income

Advances grew by 19.29 per cent Y-o-Y to Rs 44,465 crore in Q2FY25

Private sector must lead in India's defence innovation: Rajnath Singh

He also said that the Government of India, in partnership with the Ministry of Defence, is dedicated to making India's defence sector more innovative and technology-oriented

Private sector capex likely to improve among rising biz confidence: CII

According to survey, over 60% of firms in India see rate cuts this financial year

Private sector in driver's seat of Indian economy, steering nation: Rajnath

Defence Minister Rajnath Singh on Monday said the role of the private sector is becoming increasingly prominent in nearly every area of the Indian economy and it is steering the nation's economic progress. Addressing the inauguration programme of a Sainik School at Shri Bhawani Niketan Public School here, he said Sainik schools are also being set up under the Public-Private Partnership (PPP) model. Sainik schools will give fresh impetus to efforts to give a new direction to society and instil values like discipline, patriotism and courage in their students, he said. Singh said that all Sainik schools established in the country till now were being run jointly by the central and state governments but the new schools are being established under the PPP model. "Whenever there is talk of Public-Private Partnership, the word 'public' comes first. In any project, we look at the role of the government first. But the situation is changing now. "Therefore, moving away from the standard ...

Investors to focus on US Fed interest rate decision this week: Analysts

The US Federal Reserve's interest rate decision is the biggest event that would drive sentiments in the domestic stock market this week, besides a host of macroeconomic data from the global front and trading activity of foreign investors, analysts said. The Indian equity market had an exceptional last week, with both the Nifty and Sensex hitting their all-time high levels on Thursday. The BSE benchmark breached the 83,000 level for the first time on Thursday. "One of the most anticipated events of the year is set to unfold this week with the US Federal Open Market Committee (FOMC) meeting scheduled for September 18th. It is almost certain that this will mark the beginning of an interest rate cut cycle in the US. The general consensus is for a 25 basis points (bps) rate cut, though some market participants are speculating a more aggressive 50 bps cut. "Such a move would be a significant positive trigger for global markets, particularly for emerging markets like India, as it would ...

Private sector needs to step up infrastructure investment: DFS secy

India needs to spend 8-10 per cent of Gross Domestic Product (GDP) on infrastructure for sustaining high single digit growth rate over next couple of decades

Govt, pvt sector should think of mid-term AI consequences: CEA Nageswaran

He said that labour should be treated as a resource and asset since it involves humans with emotions

ADB to devote half of its annual lending to climate finance by 2030

The new strategy comes nearly a year after ADB approved reforms to unlock $100 billion in new financing capacity over a decade, meeting a mandate from U.S. Treasury Secretary Janet Yellen

Innovation is key: Why does India's private sector not spend more on R&D?

The one most important reason on why firms may or may not undertake R&D is not government incentives but the absence of competitive forces

India needs to lead tech transition, create future jobs: Bhavish Aggarwal

Ola Founder Bhavish Aggarwal is placing bold bets on new-age technologies with a view for India to be at the forefront of the current global tech transition led by AI, and build jobs of the future in the country. In an interaction with PTI editors at the agency's headquarters here, he said the private sector has to do the bulk of job creation, step up and do more, while creating an enabling environment and correcting imbalances, such as that of trade, are the responsibility of the government. Aggarwal also supported the government's move to offer fiscal incentives to global EV makers, including Tesla, through the new EV policy saying it is important for India to attract all kinds of investment, and globally established players will help in the development of the EV ecosystem in the country. The group's newly-listed entity Ola Electric aims to make India a global electric vehicle (EV) hub but the country has to invent an EV and energy transition paradigm for itself based on its needs

Private sector drives India's AI ambition with govt support, policies

The participation of startups and private companies in AI is not only limited to infrastructure, policy, or capacity building but also extends to skilling and other aspects as well

Bring reservation in fourth-class jobs in private sector: Anupriya Patel

Union Minister Anupriya Patel on Sunday reiterated her demand of implementing reservation in fourth-class jobs in the private sector. "Reservation is not followed in appointments done in fourth-class posts via outsourcing in the private sector. The people of deprived sections used to get fourth-class jobs. When recruitment on these posts are done through outsourcing, no reservation law is followed," Patel said while talking to reporters. "Our party wants reservation should be followed in all the appointments in fourth-class jobs through outsourcing in the private sector," she said. On Uttar Pradesh Nazul Property (Management and use of public purposes) Bill, 2024 presented by the state government, Patel said it was "unnecessary". "It has already been sent to the Select Committee by the Upper House. The committee will look into it and give its recommendation. Our party feels it is unnecessary and against public sentiments," she said. Nazul land refers to government-owned land that