All stories by Sachin P Mampatta
2nd time in 20 yrs, manufacturing jobs outpace sector growth
Rediff.com24 Oct 2024In a relatively rare occurrence, the growth in manufacturing jobs exceeded the pace of sector growth in 2022-23 (FY23). The number of persons engaged in the segment grew by 7.43 per cent in FY23, according to figures from the Annual Survey of Industries (ASI) released on September 30. The gross value added for the manufacturing sector grew by 4.24 per cent in current prices and declined by 2.2 per cent in real terms for FY23, according to earlier annual figures released by the government.
Canada FDI has more than doubled since pandemic
Rediff.com23 Oct 2024Canada's foreign direct investment (FDI) into India doubled after the pandemic years even as India's own investments into Canada show signs of slackening in recent years. The cumulative equity FDI inflows from Canada rose from $1.8 billion in March 2019 to $3.9 billion in March 2024, shows data from the Department for Promotion of Industry and Internal Trade (DPIIT). The overall share is up from 0.42 per cent to 0.57 per cent during the same period, suggesting that Canadian FDI grew faster than overall FDI during this period
The Truth About India's Housing Prices
Rediff.com21 Oct 2024Housing prices in India have fallen by over a tenth in real terms. Yet, prices are unaffordable for most Indians. Middle-income Indians are seen to be able to afford houses if the price-to-income ratio is five. It is 11 in India.
What The Retail Investor Must Know
Rediff.com21 Oct 2024Many are attracted by the potential for large gains, but don't necessarily seem to understand that a single trade gone wrong can wipe out their accumulated profits.
Promoter dilution in small, midcaps surges
Rediff.com4 Oct 2024The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis. Over 20 per cent of companies listed on BSE MidCap and BSE SmallCap have seen a decline in promoter holdings for five consecutive quarters, reveals data from DSP Mutual Fund, shared with Business Standard. In the latest June quarter, the figure stood at 22.6 per cent.
Listed firms log record operating cash flow of Rs 11.1 trn in FY24
Rediff.com2 Oct 2024Indian companies are generating more cash than ever. The net cash flow from listed firms' operations hit a new high of Rs 11.1 trillion in financial year 2023-24 (FY24), crossing the Rs 10-trillion mark for the first time, according to the Centre for Monitoring Indian Economy (CMIE) data going back to 1990-91. The FY24 figure represents a 19.3 per cent jump over the previous year, even as quite a few companies are yet to release their numbers.
Working capital cycle shortest in 25 yrs at 47.8 days
Rediff.com11 Sep 2024A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
What SEBI's 106 Search Ops Discovered
Rediff.com11 Sep 2024The operations revealed evidence of price and volume manipulation of stocks through the use of platforms like YouTube and WhatsApp.
BJP Lost 72 Seats Across 7 States
Rediff.com5 Jun 2024This negated the gain of more than a dozen seats in Odisha, Madhya Pradesh and Kerala.
Why Low Voter Turnout Trend Is Worrying
Rediff.com14 May 2024If the decline reflects a loss of faith in the democratic process, even a well-executed social media nudge may not help.
Which Companies Has Amit Shah Invested In?
Rediff.com29 Apr 2024Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
Crorepati Candidates And Moveable Assets
Rediff.com23 Apr 2024Moveable assets accounted for 46 per cent of the wealth of the 10 richest candidates in the first phase of the 2024 elections.
New private project announcements zoom ahead of polls
Rediff.com9 Apr 2024The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Rs 15 Trillion In Direct Taxes Comes Via Automatic Route
Rediff.com14 Feb 202496 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.
How Sensex Has Changed Over Years
Rediff.com2 Feb 2024A quarter of the stocks have been replaced since 2019, marking the evolution of India's economy.
Have You Heard Of Zombie Companies?
Rediff.com17 Jan 2024If Indian companies were people, around 20 per cent of the listed space would be individuals whose salaries don't cover their loan instalments.
Guess How Many Indians Filed Tax Returns? A Record 81.8 Million!
Rediff.com16 Jan 2024Many individuals filing tax returns declare zero tax liability. They accounted for two-thirds of the total individual returns filed.
Govt Project Launches Hit All-Time Low
Rediff.com10 Jan 2024Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
40,175 Manufacturers Vanish From Tax Data
Rediff.com23 Dec 2023Manufacturing's share in the profit pool of companies had declined before the pandemic.
Caste Is Back In The Electoral Equation
Rediff.com20 Nov 2023Bihar has fertile grounds for caste to emerge as an electoral issue.