E-commerce firms focus on small towns to fuel job opportunities, say experts
companies are betting big on small towns to explore the opportunities
offered by a large customer base and are expanding their talent pool in
these cities to fuel growth, experts say. They expect recruitment to go
up by 15 per cent in this space. E-commerce companies have been setting
up warehouses in small towns and have also been expanding their talent
base in these towns.
CII urges Modi govt to reduce base price for upcoming 5G spectrum auction
Confederation of Indian Industry (CII) has requested the government to
bring down the base price for the upcoming 5G spectrum. The industry
body Sunday said that the high price of such radiowaves will arrest the
rapid growth of the sector and discourage people from adopting telecom
India needs 9% GDP growth to realise PM Modi's $5 trillion economy target: EY
will constantly need to grow by 9% every year for five years and
elevate aggregate investment rate to 38% of Gross Domestic Product (GDP)
in order to realise Prime Minister Narendra Modi's ambition of seeing
India as a $5 trillion economy, EY has said.
FPIs withdraw Rs 2,881 crore from Indian capital markets in just 2 trading sessions in August
Foreign Portfolio Investors (FPIs) continued their selling spree in the
first two sessions of August and pulled out a net amount of Rs 2,881
crore from the Indian capital markets. The withdrawals came amid
domestic and global headwinds.
Too many reforms by Modi govt slowed down GDP growth: NITI Aayog CEO Amitabh Kant
Aayog Chief Executive Officer Amitabh Kant Friday said that a wave of
reforms undertaken by the Modi-led government has led to the current
slowdown in the Indian economy. The NITI Aayog CEO recommended that the
government needs to give a thrust to major structural reforms as was
done earlier. He espoused an array of policy decisions to revive the
Adani Group creates new company to run airport businesses
Group Saturday said that it has set up a new company called Adani
Airports Ltd to manage its airport businesses. The new firm has been
incorporated by the group's flagship company Adani Enterprises for
running airports in India and abroad. The Adani Group in February had
won the mandate to run all the six government-owned airports that were
put up for privatization.
Hyundai drives Utility Vehicle segment in July; sells 16,234 cars
Motor India sold over 16,200 units in the utility vehicle segment in
July to take a lead over Maruti Suzuki India (MSI) and Mahindra &
Mahindra (M&M), which have for long dominated the vertical. The
company's UV market share is now more than 21 per cent with the combined
sales of Creta, Tucson, Venue and Kona Electric.