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Icra attributed this to a slowdown in the expansion of industry (from 9.8 per cent to 5 per cent) and agriculture (from 5.1 per cent to 2 per cent).
GDP growth seen falling to 6 per cent and GVA to 5.8 per cent in Q1
Ritwik Mukherjee
23 Aug 2019 12:55 AM

Industrial growth is expected to decelerate sharply to 5 per cent in Q1 FY2020 from 9.8 per cent in Q1 FY2019.

According to Mercom’s India Solar Project Tracker, solar accounted for nearly 31.5 GW of the total installed capacity, representing 8.73 per cent of the total installed capacity at the end of June 2019.
Solar power growth dips in H1
Ritwik Mukherjee
21 Aug 2019 1:51 AM

The report said solar power generation in the country peaked in the summer months of March, April, and May of 2019 with over 4 BUs.

Going by the state-run Spices Board statistics, turmeric was grown in 2,24,260 hectare during 2017-18, with production of nearly 11,07,920 tonne, which was lower than the 2016-17 level of 2,48,050 hectare and 12,15,520 tonne.
Truant rains, sanctions on Iran hurt turmeric
Ritwik Mukherjee
19 Aug 2019 12:57 AM

Before that turmeric sowing area in the Sangli region came down by 10–15 per cent due to deficient rainfall.

In Asia, where debt has risen markedly over the past several years, India is the leader with 617 zombie companies in 2018, followed by China with 431, South Korea with 371 and Taiwan with 327.
India is a top place for zombie companies
Ritwik Mukherjee
15 Aug 2019 2:32 AM

Zombie companies are defined as corporate underachievers overdosed on cheap credit.

The RBI has also set up a committee under the Chief Executive Officer of Indian Banks' Associ-ation to examine the entire gamut of ATM charges and fees.
24-hour NEFT facility from December
Ritwik Mukherjee
08 Aug 2019 2:16 AM

The move aims at giving a further boost to digital transactions.

HS, which is keen on emerging a strong player in the Rs 13,000-crore oral care market, which is growing at a CAGR of 8 per cent, may acquire a personal care company in the south to enter a new business segment.
Aquawhite bets on kids segment
Ritwik Mukherjee
02 Aug 2019 2:48 AM

The company has been manufacturing products for brands like Meswak of Dabur, OralB, DantKanti of Patanjali and Amway.

The thin ray of hope is that the second half should find support from expected monetary easing, consumption, and statistical low-base effect, experts at Crisil felt.
Crisil cuts GDP to 6.9 per cent
Ritwik Mukherjee
02 Aug 2019 2:09 AM

India’s GDP had grown at 8.2 per cent in fiscal 2017, the fastest in a decade.

After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2 per cent, hotels rising only 1.3 per cent, and rental car rates up 1 per cent (in dollar terms). (Photo: PIB/Twitter)
Airfares, hotel rates forecast to increase in 2020
Ritwik Mukherjee
01 Aug 2019 2:15 AM

Earlier this year we saw a spike in airfares after Jet Airways ceased its operations in April.

70 per cent said they would feel positive about the potential to hand over some of their activities to AI.
64 per cent directors worried about AI impact
Ritwik Mukherjee
01 Aug 2019 2:00 AM

The survey revealed that nearly two-thirds are slightly worried about losing their jobs

On the pricing front, sector analysts expect the sharp reduction in Indian production in 2019/20 to start the recovery in prices. A very poor crop in Maharashtra, triggered by a poor monsoon in 2018 that reduced replanting, will start the process of firming domestic prices in India. Higher domestic prices will reduce the volume of exports onto the world market, experts felt.
Unchanged sugarcane FRP for 2019-20 season makes mills happy
Ritwik Mukherjee
29 Jul 2019 2:33 AM

A total capital outlay of Rs 1,674 crore has been made for this stock which would help mills clear their unpaid dues to the farmers.


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