Leading paint companies are turning cautiously optimistic about the December quarter, expecting a recovery in volumes and margins after a rain-disrupted first half, even as competition in the sector remains intense.Executives from Asian Paints, Kansai Nerolac, Berger Paints and AkzoNobel India said recent trends point to a demand revival from September, with benign raw material…
The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…
Representative image (AI-generated) NEW DELHI: The government on Monday said that over the past five years, more than two lakh private companies have been closed in India.According to data provided by Minister of State for Corporate Affairs Harsh Malhotra in a written reply to the Lok Sabha, a total of 2,04,268 private companies were shut…
The PMI after seasonal adjustments, declined to 56.6 in November from October’s 59.2. (AI image) US President Donald Trump’s 50% tariffs on India have hit the manufacturing sector, but the impact has been somewhat cushioned by diversification to other countries. The manufacturing activity in India experienced a slowdown to a nine-month low during November, attributed…
Housing sales across India’s 15 major Tier II cities rose 4 per cent in value to Rs 37,409 crore in the July-September quarter of 2025, even as volumes declined, according to real estate analytics firm PropEquity. Sales fell 4 per cent year-on-year to 39,201 units during the quarter, while new housing supply dropped 10 per…
German chemical major Wacker Chemie on Thursday announced plans to cut 1,500 jobs, nearly a tenth of its global workforce, as the industry faces one of its toughest periods in decades. The company said most of the reductions will take place in Germany, with the process to be completed by the end of 2027, according…
NEW DELHI: India is gearing up for a big shift in its nuclear policy as the Centre is now planning to allow private companies into the nuclear energy sector, a space that has traditionally been tightly controlled by the government.“We’ll open up nuclear sector to private sector soon… This will strengthen opportunities in small modular…
NEW DELHI: Employment in the country’s unincorporated sector was estimated at 12.9 crore in the July-Sept quarter, almost at the same level as in the previous quarter, a survey showed. The quarterly bulletin of unincorporated sector enterprises released on Tuesday by the statistics office showed that the number of establishments increased from 7.9 crore in…
Piyush Goyal meets Pharma stakeholders to push innovation (Picture credit: X/@PiyushGoyal) Union minister of commerce and industry, Piyush Goyal, held a key interaction with stakeholders from India’s pharmaceutical sector, focusing on strengthening industry growth and regulatory reforms. The minister highlighted discussions on innovation, data protection frameworks, investment commitments, and opportunities to scale manufacturing in India.In…
India’s automobile sector could be heading into a renewed phase of demand over the next two to three years, helped by a series of major policy measures aimed at boosting disposable income and lowering costs for consumers, as per a new analysis by Incred Research.According to the report, the Nifty Auto Index surged 9 per…