Page 5 - Private Sector

Economy booms, pvt sector continues to expand, but youth chases govt jobs

Since 2014, India's GDP has grown from $2 trillion to near $3.5 trillion in fiscal 2023-24 (April-March) and is expected to expand 7.2 per cent in the current year

Decoded: Why did Karnataka introduce 70% quota for locals in private jobs

The now paused bill mandated a 50 per cent quota for administrative roles and a 75 per cent quota for non-administrative roles in the private sector for the locals, triggering a massive row

Karnataka CM Siddaramaiah deletes 100% job quota post, shares clarification

A controversy erupted after Siddaramaiah, in a now-deleted post on 'X', had said that Karnataka had approved a Bill mandating the private industries to give reservation to local Kannadigas in jobs

Budget 2024: India's space sector eyes strategic allocations and incentives

Union Budget 2024: The space sector in India is expected to reach $44 billion by 2033. Industry leaders call for incentives to push private sector growth

K-shaped recovery keeping retail real estate on its toes, say experts

Consumption by a wider section of society needed, they say

State-owned companies outperform pvt firms, here's why it's a problem

State firms have done better than India's benchmark Sensex index for three years straight, and look likely to do so again this year

Need to put more capital in hands of private sector: EY India chairperson

Memani talked of stepping up manufacturing and skilling

Pvt sector investment in FY23 fell to Covid-year levels, govt's share up

Public non-finance corporations' (PSUs) share in investment continued to decline, registering at 9.4 per cent in FY23, according to government data

Private equity company Bain Capital sells residual stake in Axis Bank

Among the buyers were a clutch of domestic as well as foreign funds

Statsguru: The private sector investment cycle shows revival signs

The current uptick is spread out across multiple sectors. There have been a slew of announcements in the past two months, including the ground-breaking for three semiconductor facilities

Share of private sector in defence production hits a multi-year high

Investments observed in key defence corridors in Uttar Pradesh, Tamil Nadu

India's FY24 defence exports jump record 32.5%, touch Rs 21,083 crore

These figures indicate that the defence exports have grown by 31 times in the last decade

New private project announcements zoom ahead of Lok Sabha elections

Manufacturing sector accounted for nearly 60 per cent of new project value

Sustained momentum

Private consumption remains a weak spot

MSME loan portfolio's delinquency rate down to two year low of 2.3%: Report

The availability of enriched and timely credit data and rapid implementation of digital lending infrastructure has contributed significantly towards enhancing lender confidence, it said

Space regulator IN-SPACe release plans for 30 launches over next 14 months

India's space regulator IN-SPACe on Thursday said about 30 space launches, including seven by private startups Skyroot and Agnikul, are scheduled in the fourth quarter of 2023-24 and the next fiscal. The Integrated Launch Manifesto for space launches announced by the Indian National Space Promotion and Authorization Centre (IN-SPACe) include seven launches related to the Gaganyaan mission, two launches each of ISRO's newest rocket the Small Satellite Launch Vehicle (SSLV) and the warhorse PSLV developed by an industry consortium. Chennai-based Agnikul Cosmos is scheduled to launch its first 3-D printed rocket Agnibaan-SOrTeD for the fourth quarter of the current fiscal year. The maiden flight of the Agnibaan rocket will be a sub-orbital mission. The other launches this fiscal year include that of GSLV-F14 to put the INSAT-3DS satellite in orbit to augment weather forecasting, disaster management, and related meteorological services. The third development flight of SSLV is also ...

Private sector space players seek govt relief on FDI and GST exemption

Data from the Indian Space Association (ISPA) reveals that, as of November-end 2023, Indian start-ups had attracted $124 million in funding, compared to $120 million in 2022

PFRDA asks lenders to shore up private sector subscribers under NPS

The chairman said the decline seen in e-NPS (voluntary accounts) was responsible for the slow pace of enrolments this year

Bulls have tired legs, look for fresh triggers; indices end in the red

Equity benchmarks decline amid profit-booking, Red Sea tensions

Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24

On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent