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India’s tech sector switches on to renewable electricity
The growth of the IT sector has helped to revolutionise India’s economy, transforming it from a largely closed-off Soviet-inspired system in the 1980s to the world’s back office since the 1990s.Now, India’s IT sector, which has…
Top 100 global firms’ market cap reaches $31.7 trn, Apple leads
The market capitalisation of the top 100 companies globally increased from $10.3 trillion to $31.7 trillion,…
Tuber Group swoops for William Jackson Food Group’s fresh produce business
Rapidly expanding Hull food business Tuber Group has made a second acquisition in six months. Fellow city firm William Jackson Food Group’s My Fresh subsidiary has been bought out, having added Scunthorpe-based Saxon Foods late last…
Inflation and industrial unrest in UK threaten a timetable of trouble
Soaring inflation, an economy falling to the bottom of global league tables, and a summer of strike action ahead. As Boris Johnson attempts to reset the political agenda, the economic backdrop could hardly be worse.This week the…
Manufacturing sector output forecast to hit new high in 2022 – Focus Taiwan
Taipei, June 11 (CNA) The production value of the local manufacturing sector is expected to rise by more than 6 percent from a year earlier and hit a record high in 2022 as Taiwanese tech exporters will continue to benefit from strong…
Inclusive of Super Tax: Tax on banking sector to go up to 45pc
KARACHI: The federal government has proposed to increase the tax rate for banking sector, ie, from 39 percent to 45 percent, including Super Tax for the next fiscal year.
Federal Minister for Finance Miftah Ismail in his budget speech…
Who’s afraid of the private sector?
Though most in government generously devote their lives to provide us with valuable benefits, there is a small but powerful minority that is afraid of the private sector. They are the…
With earnings risk, valuations aren’t really compelling: Edelweiss Fin head
In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain…
Indian central bank’s rate hikes leaves the real estate sector jittery
Real estate developers are worried that increasing raw material costs could hurt investor sentiment and bring a pause to the strong growth in real estate.
Raw materials required for construction have also been rising with inflation,…
FDI in pharmaceuticals: The state of play
The Covid-19 pandemic caused overall foreign direct investment (FDI) project numbers to decline by 17.4% in 2020, when compared with 2019 figures. Most sectors were negatively…