Speaking at NCAER's India Policy Forum 2020, Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction
Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.
IT firm's margin expands despite revenue fall in Q1
However, the home-grown mobile marketing and advertising software firm will have to wait for at least six months to achieve $1 billion in revenue, said Founder and CEO Naveen Tewari
Revenues set to take a similar hit
The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.
Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.
The company confirms the emergence of a new case of Covid-19 with the employee concerned having last attended the work on July, 3, TKM said in a statement on its website.
The US remains the number one source of FDI for the UK, delivering 462 projects and 20,131 jobs, followed by India, Germany, France and China and Hong Kong
On the robustness of the financial sector, he said, the government has infused more than Rs 5 trillion for recapitalisation of public sector banks (PSBs)
The technology industry is one of the largest recruiters for fresh graduates in the country.
Unlike heavy engineering, auto and auto components, the labour requirement in fast-moving consumer goods (FMCG) companies is nevertheless less
"I am hopeful that we will bounce back and bounce back with a vengeance," Kant said while speaking at 'FICCI FRAMES 2020'.
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.
The survey sought responses from 100 corporate executives.
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
Gadkari also said that Indian origin companies vying for global success is the way forward towards fulfilling PM's dream of Atma Nirbhar Bharat
Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis
"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.
The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.