With an uptick in demand for project finance from late last year, bankers believe need for long-term funds should rise by anywhere between 12-15% this year. Bank credit deployed in the infrastructure segment rose 10.2% year-on-year in April 2022, with roads, telecommunications and power leading the pack. The outstanding credit to this space, towards the […]
Input inflation and a sharp rise in employee expenses notwithstanding, India Inc turned in a strong performance in FY22. While the low base of FY21 did help prop up the numbers, companies clearly responded to the demand from clients and customers. Employee costs jumped 12.7%, the biggest increase in eight years. Much of this was […]
Armed with a Supreme Court order allowing the promoter’s settlement plan to save the company from liquidation, the ailing Siva Industries and Holding Ltd (SIHL) said on Saturday the company will be placed under new management soon and will focus on settling its creditors as soon as possible. Commenting on the SC order that quashed […]
Vodafone Idea said it would not build its own digital assets but continue with the partnership model, wherein the various services offered by digital players are deeply integrated into its Vi platform. The strategy is entirely different from rivals Bharti Airtel and Reliance Jio, which have built a significant number of their own digital assets […]
It took forging company Bharat Forge 61 years to reach an annual turnover of Rs 10,000 crore. Chairman and managing director Baba Kalyani is confident of the next Rs 10,000 crore coming at a faster pace, with the company set to double or triple turnover in the next 10 years. Having joined the company started […]
With consumers back in the shops and retailers doing fairly good business, mall owners are now signing leases at higher rentals. In fact, space in malls seems to be in short supply as retailers are looking for bigger showrooms. Occupancy levels are looking up with most malls reporting levels of 96-98%. While footfalls are yet […]
Another round of tussle between the government and social media firms like Twitter, Facebook, Google, etc, may be in the offing as the former plans to further tighten intermediary rules by constituting grievance appellate committees. These committees would look into complaints relating to blocking of content or accounts by social media firms. “The central government […]
E-waste management company Attero Recycling on Tuesday said it will invest $1 billion by CY27 as a part of its global expansion strategy to set up lithium-ion recycling facilities in the USA, Europe and Indonesia. The company aims to enhance its lithium-ion battery waste recycling capacity to over 300,000 million tonne (MT) annually by calendar […]
Indiabulls-owned social commerce application, Yaari have laid off about 60% of its workforce, or 150 people, as per an Inc42 news report. Mails to Indiabulls did not elicit a reply and multiple people from the management of Yaari refused to comment when FE reached out to seek confirmation and updates. Indiabulls deals in the home […]
The growth in the all India House Price Index slowed to 1.8% in the final quarter of FY22 compared to 2.7% in the year-ago period, the Reserve Bank of India (RBI) said in a release on Tuesday. Prices in Kolkata expanded by 19.2%, while those in Bengaluru contracted 11.3%. On a sequential basis, the index […]