Smaller factories dominate India’s manufacturing base but lag sharply in output and productivity. NEW DELHI: India’s manufacturing sector suffers from fragmentation, with a small minority of large establishments driving output, while thousands of medium and small units are burdened with debt and low productivity.Large factories, employing over 200 workers, account for 10.4% of total operational…
UPI clocks record monthly transactions as October payments cross 25.5 billion, with daily value topping Rs 1 lakh crore MUMBAI: UPI transactions crossed the 25-billion mark for the first time in Oct, while average daily transaction value breached Rs 1 lakh crore for the first time, signalling continued growth in digital payments despite the debate…
Commercial LPG prices rise for third straight month and ATF rates for the fourth consecutive month as elevated global crude oil prices push up fuel costs. NEW DELHI: Oil marketing companies Sunday increased the price of commercial LPG by Rs 10 for a 19-kg cylinder and hiked aviation turbine fuel (ATF) rates by Rs 1.37…
International flyers can now trial Digi Yatra’s e-passport-based biometric facility at seven Indian airports, with a wider rollout planned for 2027 NEW DELHI: Travelling abroad from India could soon be a seamless experience just like taking domestic flights with Digi Yatra. The govt has started trials for international passengers at seven airports, allowing eligible Indian…
Festive buying, higher import duties and tighter tax compliance boost government revenues. NEW DELHI: GST collections grew 22.9% in Oct – the fastest pace of expansion since the revamp of the tax regime in Sept 2025 – to reach Rs 2.3 lakh crore, the second-highest monthly mop-up since the rationalisation exercise. While consumption remains strong,…
Maruti, Hyundai clock highest-ever monthly domestic sales NEW DELHI: Carmakers rode festive demand to new sales records in Oct. Growth extended beyond SUVs, with Maruti Suzuki reporting stronger car sales and supply constraints in CNG vehicles, although the durability of demand after the festive season will be the next test.Maruti and Hyundai recorded their highest-ever…
EPFO will initiate the settlement process automatically after completing the prescribed identity and bank account verification. The eligible amount will then be transferred to the rightful beneficiaries. NEW DELHI: Union labour and employment minister Mansukh Mandaviya on Sunday launched WhatsApp-based services for Employees’ Provident Fund Organisation (EPFO) subscribers.The roll out will allow them to check…
An analysis of over 37,000 technology and digital roles shows that traditional valuation proxies no longer accurately predict market value. By Neeti Sharma, CEO, TeamLease DigitalThe contemporary enterprise operates in an environment defined by unprecedented geopolitical volatility, economic shifts, and rapid technological acceleration. Across the Asia-Pacific region, 81% of senior leaders identify the capacity to…
India’s crude oil imports hit a record 5.6 million barrels per day in October, but rising freight costs and competitive Gulf prices could make Russian supplies less attractive NEW DELHI: India’s crude oil imports hit a record high of around 5.6 million barrels per day (bpd) in October, with refiners stepping up purchases from both…
Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of substantial outflows amid concerns over high crude oil prices, global interest rates and the outlook for corporate earnings.However, foreign investors turned net buyers towards the end of the month, purchasing equities worth around Rs 6,300 crore…
