Private Sector

Kaushal to be the first head of a state-owned oil major from the private sector, to take an 80 per cent pay cut

At BS Manthan, experts stress that private sector investment is key to making India's defence industry self-reliant, competitive, and globally influential

India's economy is growing, but seizing its full potential means spurring corporate investment, tackling judicial delays and ensuring inclusive growth, said panelists on the first day of BS Manthan

Can private firms drive India's defence self-reliance? BS Manthan brings top experts to discuss policy reforms, industry innovation, and the future of military technology

The survey noted that companies operating across India's private sector economy continued to see improved international demand for their goods and services

The Caixin survey showed that new business growth eased to a four-month low, while employment fell to the weakest since April 2024

The private sector has pulled back spending on new factories and other long-term assets, while government infrastructure projects, such as new roads, have also slowed

The Economic Survey released on Friday emphasised that the private sector must take the lead in driving economic growth

The government on Saturday announced to provide certain data and maps from the PM Gati Shakti portal to the private sector, a decision which could help them optimize last-mile delivery services and develop infrastructure-based applications. PM Gati Shakti national master plan initiative was launched in October 2021 for integrated and planned development of critical infrastructure projects to reduce logistics costs. "For furthering PPPs (public private partnerships) and assisting the private sector in project planning, access to relevant data and maps from the PM Gati Shakti portal will be provided," Finance Minister Nirmala Sitharaman said in her Budget speech. Using these data layers like track length details, railway stations, DFC (Dedicated Freight Corridor), Good Sheds, national and state highways/ district layers, MMLPs (Multi Modal Logistics Parks), ware houses, existing airports from different ministries will help private sector to optimize last mile delivery services, ...

The focus on uplifting 17 million farmers in 100 weakest farming districts is a step towards ensuring equitable development across the country

The index compiled by S&P Global fell to 57.9 in January from December's final reading of 59.2

An AI regulation gives comfort around privacy, permissible purpose, ethical and secure AI, said Rajnil Mallik, Partner & Gen AI GTM Leader, PwC India

Government investment reached 4.1 per cent of GDP in FY23, the highest since FY12, while private sector investment as a share of GDP climbed to 11.9 per cent

The private sector's reluctance to invest in India is a corporate motion of no-confidence in the Narendra Modi government, the Congress claimed on Monday. The opposition party also urged the government to take measures in the upcoming Union budget to stimulate and sustain domestic investment in the country that, it claimed, was on the decline. Congress general secretary in-charge communications Jairam Ramesh said the investment environment in India had been sluggish in the "Modi decade". In a post on X, he said the Gross Fixed Capital Formation had fallen from an average of 32 per cent of GDP during Manmohan Singh's prime ministerial decade to consistently being below 29 per cent of GDP in the past 10 years. "Investment is sluggish because mass consumption is not accelerating, tax and other authorities are threatening and intimidating businesses, and because of the growing perception that only four-five business groups can grow in the Modi regime," he said. "Now comes fresh eviden

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

The Jharkhand High Court has put a stay on the implementation of a state law that guarantees 75 per cent reservation to locals for jobs with salaries up to Rs 40,000 a month in the private sector in the state. A division bench, comprising Chief Justice MS Ramchandra Rao and Justice Deepak Roushan, heard a petition filed by a small-scale industries association challenging the provisions of the Jharkhand State Employment of Local Candidates in Private Sector Act, 2021 on Wednesday. As per the Act passed by the Jharkhand Assembly in 2021, every employer shall fill up 75 per cent of the total existing vacancies by local candidates with respect to such posts where the gross monthly salary or wages are not more than Rs 40,000. Jharkhand Small Scale Industries Association counsel AK Das submitted that the enactment has created a clear division between candidates from the state and aspirants from outside Jharkhand. Das claimed that the implementation of the Act is against the principles of

Asserting that the Centre's policies have "failed" to revive the economy, the Congress on Thursday said the government's strategy of cutting corporate taxes, giving "generous corporate handouts" and raising the tax burden on the salaried middle class has only helped enrich large monopolies without any discernible increase in investment or hiring. Congress general secretary in-charge communications Jairam Ramesh said what is needed for stimulating demand is tax cuts for the salaried middle classes and income support to the poor. His remarks came over a media report which claimed that the sharp slump in economic growth rate to 5.4 per cent in July-September this year has sparked concerns among policy makers that low single-digit income growth in the corporate sector despite four times growth in profits over the last four years, is one of the reasons behind the slowing of demand. In a post on X, Ramesh said, "Private sector profit is at a 15-year-high and has grown four times over the

According to a Nuvama report, private sector growth picked up in November 2024 as the industry adapted to the changes in surrender value regulations

Prime Minister Narendra Modi on Monday said the development following the mantra of 'Reform, Perform and Transform' is visible in every sector. Addressing the Rising Rajasthan Summit here, Modi said today every expert and investor in the world is very excited about India. He said that having a large manufacturing base in India is important as the world needs an economy that continues to function strongly even during the biggest crisis. "Today the world needs an economy that continues to function strongly even during the biggest crisis. It should not be disrupted. For this, it is very important to have a large 'manufacturing base' in India," he said. The Prime Minister said that India has shown how the democratisation of digital technology is benefiting every sector and every class. "India is showing the world the real power of 'democracy, demography and data'," he said. Modi said the youth power is taking the ancient tradition of India forward. PM Modi said that our government is

NSO launched the first of its kind survey to track the annual capex by the private sector by compiling information on the projected capital investment for the next two years