Indian companies appear to be turning inward to fund their growth, reporting a slowdown in debt accumulation over the past five years, a new report by the Bank of Baroda said.The research, which analysed the debt levels of non-financial corporates, found that total borrowings rose from Rs 20.7 lakh crore in FY21 to Rs 22.6…
Thane: The Government Railway Police (GRP) investigation into last week’s Mumbra rail accident has apparently hit a standstill, with key technical staff from the Central Railway still unavailable to offer their statements, police officials said.A GRP team led by Assistant Police Commissioner, Mumbai CSMT, S Shirsat is conducting a parallel probe into the incident that…
MUMBAI: Bank lending to non-banking finance companies slowed sharply in April, with outstanding loans to the sector falling by Rs 25,512 crore to Rs 16.1 lakh crore. At the end of March 2025, bank credit to NBFCs stood at Rs 16.4 lakh crore, marking a modest growth of 5.7% in FY25.This was significantly lower than…
Since the release of the ChatGPT chatbot in 2022, Microsoft has plowed more and more money into building data centers in what one industry analyst called “the largest infrastructure build-out that humanity has ever seen.” But after 10 consecutive quarters of increased spending for artificial intelligence, the company has put on the brakes, according to…
BENGALURU: TCS CEO K Krithivasan indicated caution mixed with optimism regarding the current demand environment even as the IT major crossed the $30-billion revenue milestone in FY25. For FY25, TCS’s revenue grew by 4.2% in constant currency compared to 3.4% in the previous year. However, for the March quarter, growth significantly slowed to 2.5% from…
NEW DELHI: Activity in the country’s manufacturing sector grew at its slowest pace in 14 months as production and new orders moderated but it still remained robust, a survey showed on Monday.The HSBC India Manufacturing Purchasing Managers’ Index (PMI) registered a reading of 56.3 in Feb, down from 57.7 in Jan, but still indicative of…
NEW DELHI: India’s industrial production growth slowed to a three-month low of 3.2 per cent in December 2024, mainly due to poor performance of mining and manufacturing sectors, according to official data released on Wednesday. The government has also revised the November 2024 industrial output figure to 5 per cent from the provisional estimate of…
MUMBAI: India Inc’s revenue growth in Q3 FY25 slowed to around 5.2%, down from 6% in Q3 FY24, as extended monsoons and delayed govt spending hit the construction sector, which makes up 20% of revenues. Industrial commodities and investment-linked sectors also struggled. Source link
A year ago, India was bouncing back from a recession caused by Covid-19 with a spring in its step. The country had overtaken China as the most populous country, and its leaders were declaring India the world’s fastest-growing major economy. This was music to the ears of foreign investors, and to India’s prime minister, Narendra…
The growth of India’s eight core infrastructure sectors slowed to 4.3 per cent in November 2024, compared to 7.9 per cent in the same month last year, according to official data released on Tuesday. Despite the slowdown seen in comparison to last November, monthly production growth reached a four-month high. In October 2024, the sectors…