-The Indian Express The RBI which studied the results of 2,726 non-government and non-financial companies said the overall EBIDTA of these corporate showed a 0.2 per cent increase. However, net profit declined by 6.9 per cent even as sales improved by 7.2 per cent. Mumbai: Small companies are finding the going tough with sales and profits taking a big beating in the wake of demonetisation and implementation of Goods and Services Tax (GST)....
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Core sector growth slips to over 1-yr low of 1% in Feb
-PTI Crude oil and natural gas contract; the previous low of 0.9% was recorded in December 2015 New Delhi: The growth of eight core sectors slipped to over one-year low of 1% in February mainly due to decline in output of crude oil, natural gas, refinery products, fertilisers and cement. The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 9.4% in...
More »Pushed to the brink -Kanchi Kohli
-Deccan Herald Seriously?” one of the participants in a training session exclaimed. “You mean to say the site inspection report was prepared after an aerial visit, and there was no on ground verification?” All I did was a combination of a half nod, half smile. I have told this story several times before and each time the recipient of the news gives me a variant of the same reaction. It is...
More »Industrial output contracts in August
-PTI India’s index of industrial production contracted by 0.7 per cent in August, the second month in a row that it has remained in negative territory, following a slump in manufacturing, mining and capitals goods segments. Factory output as measured by movement in the IIP had slipped to an eight-month low of (-)2.49 (revised) in July on account of declining output in manufacturing and capital goods sectors. The IIP slump in August is...
More »It’s not just farmers, Marathwada businesses too roiled by drought -Abhiram GhadyalPatil
-Livemint.com Automobile, construction industry, steel manufacturing, pharmaceuticals, breweries, and distilleries key sectors in Marathwada. Latur is major centre for production of pulses, oilseeds Latur, Maharashtra: Nilesh Thakkar, managing director of Maharashtra Biofertilizers India Pvt. Ltd (MBF), has virtually turned the Latur headquarters of India’s top organic fertilizer company into a campaign office. This is the office from where he runs Jalyukt Latur, a public campaign to revive the Manjra River nearby. And Thakkar...
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