Showing posts with label business listing. Show all posts
Showing posts with label business listing. Show all posts
Wednesday, 18 December 2013
free Business Directories and yellow pages
Sunday, 10 November 2013
Manufacturing sector contracts for second consecutive month in September: HSBC
India's manufacturing sector activity contracted for the second consecutive month in September as both output and new orders witnessed a decline, an HSBC survey said on Tuesday.
The overall rate of contraction was, however, marginal and eased since August, when it had slipped sub 50.0 reading (below which it indicates contraction) for the first time since March 2009.
The HSBC India Manufacturing Purchasing Managers' Index (PMI) for the manufacturing industry stood at 49.6 in September, higher from 48.5 in August, but remained below the crucial 50 mark (below which it indicates contraction) for the second consecutive month.
Manufacturing activity continued to shrink in September, albeit at a slower pace. Order flows remained weak, especially export orders, and employment fell," HSBC chief economist for India and Asean Leif Eskesen said.
Faced with fewer projects, companies reduced their workforce numbers for the first time since February 2012. indian suppliers
"Reflective of a further reduction in new order levels, Indian manufacturers cut their staffing levels in September," HSBC said adding that "the latest fall ended a period of job creation that had lasted for one-and-a-half years".
Although new orders fell at a slower and marginal pace, the contraction of export business was very significant. According to HSBC, a depreciation of the rupee versus the US dollar had resulted in higher prices paid for inputs and limited firms' ability to price "competitively".
The findings of the survey comes at a time when the country is battling slower growth rate, wider current account deficit and a battered currency. free business listing
According to official data, high imports of gold and oil pushed current account deficit (CAD) to 4.9 per cent of GDP at $21.8 billion in the April-June quarter of the current fiscal.
"Despite the weak growth readings, the build-up in underlying inflation pressures suggests that the RBI has to keep its inflation guards up," Eskesen said.
The Reserve Bank of India, in its September 20 policy review, had unexpectedly raised the policy rate by 0.25 per cent as it kept its focus on controlling inflation.
Driven by costlier food items, wholesale price inflation rose to a six-month high of 6.1 per cent in August. Although new orders fell at a slower and marginal pace, the contraction of export business was very significant. According to HSBC, a depreciation of the rupee versus the US dollar had resulted in higher prices paid for inputs and limited firms' ability to price "competitively".
The findings of the survey comes at a time when the country is battling slower growth rate, wider current account deficit and a battered currency.
Saturday, 17 August 2013
indian manufacturer
Monday, 12 August 2013
Small is big: SMEs on overseas drive
Saturday, 10 August 2013
MONDAY MUSINGS RAVNEET GILL CHIEF EXECUTIVE, DEUTSCHE BANK INDIA
has done what it could. When we talk to MNCs with a set up in India, all of them say they would like to buy back floating stocks in the Indian market. They believe in India’s economic potential and would like to capture as much of the economic upside. The only reason why they are not being able to buy back is because of high valuations. So you have a very strange situation, people are believing in the long-term India story, you think the economy is going to hold on but still saying that the valuations are too rich.
Isn’t there a disconnect somewhere?
indian manufactrers That’s precisely the point. As a nation what is India’s expectation of itself? No point lamenting over the last thirty months, what is more important is what we are going to do. Everybody used to put aside India from the rest of the world on the basis that India had supply-side constraints which are surmountable. The demand side is still there, it has not disappeared, may be it has shrunk a little. Why is it that an FMCG giant has recently put in fresh money to buy back equity?
Is it that the consumer story and the investment story are differing?
The demand is coming from demographics and will determine more enlightened policy-making. The fact is that 10 million Indians come into the work stream every year, just to find 10 million jobs, you need to grow at 8%. Political leaders are increasingly recognising that it is all about job creation. I think India’s demographics are a strong force and will compel our policy makers to believe that good economics will be good politics.
Investors are getting jittery and there seems to be neither good politics nor good economics? Some policy makers even believe that hiking FII limit in debt is the cause of the rupee fall?
I don’t think the recent FII redemptions have been exacerbated by increased limits. It was more of a yield play vis-a-vis the US markets. At the end of the day, the entire redemption was about $7-8 billion, which is immaterial. In addition to cultivating different constituencies of investments, India needs to now go back to building a more manufacturing DNA. India has made a name globally in the services sector. However, we need to bring back manufacturing in a big way so that employment generation gets accelerated and the economy picks up all over again.
How do you get it back? indian manufactrer For instance, look at the DMIC project. It will not just be a trade corridor. The project envisages 7 new cities, each having national manufacturing zones, with a lot of incentives to encourage companies to set up manufacturing facilities. So work is happening already. So far we have gone overseas and looked for capital… we now need to look for manufacturers to come and set shop here. We need to provide an ecosystem that is much more efficient and where people can get off the starting blocks more quickly than they have so far.
Investments from Japan or any other region have not been really big. And even the DMIC project seem to be facing issues?
indian manufactrers .We need to recognise that the world has changed post the crisis. Maybe it is time to relook at where we are investing our rupees, dollars and where are we attracting foreign investment from. Historically, our capital has come from the West, maybe now it is time to look at Japan and the Middle East as well. We need to open up our thinking and build more strategic relationships
Isn’t there a disconnect somewhere?
indian manufactrers That’s precisely the point. As a nation what is India’s expectation of itself? No point lamenting over the last thirty months, what is more important is what we are going to do. Everybody used to put aside India from the rest of the world on the basis that India had supply-side constraints which are surmountable. The demand side is still there, it has not disappeared, may be it has shrunk a little. Why is it that an FMCG giant has recently put in fresh money to buy back equity?
Is it that the consumer story and the investment story are differing?
The demand is coming from demographics and will determine more enlightened policy-making. The fact is that 10 million Indians come into the work stream every year, just to find 10 million jobs, you need to grow at 8%. Political leaders are increasingly recognising that it is all about job creation. I think India’s demographics are a strong force and will compel our policy makers to believe that good economics will be good politics.
Investors are getting jittery and there seems to be neither good politics nor good economics? Some policy makers even believe that hiking FII limit in debt is the cause of the rupee fall?
I don’t think the recent FII redemptions have been exacerbated by increased limits. It was more of a yield play vis-a-vis the US markets. At the end of the day, the entire redemption was about $7-8 billion, which is immaterial. In addition to cultivating different constituencies of investments, India needs to now go back to building a more manufacturing DNA. India has made a name globally in the services sector. However, we need to bring back manufacturing in a big way so that employment generation gets accelerated and the economy picks up all over again.
How do you get it back? indian manufactrer For instance, look at the DMIC project. It will not just be a trade corridor. The project envisages 7 new cities, each having national manufacturing zones, with a lot of incentives to encourage companies to set up manufacturing facilities. So work is happening already. So far we have gone overseas and looked for capital… we now need to look for manufacturers to come and set shop here. We need to provide an ecosystem that is much more efficient and where people can get off the starting blocks more quickly than they have so far.
Investments from Japan or any other region have not been really big. And even the DMIC project seem to be facing issues?
indian manufactrers .We need to recognise that the world has changed post the crisis. Maybe it is time to relook at where we are investing our rupees, dollars and where are we attracting foreign investment from. Historically, our capital has come from the West, maybe now it is time to look at Japan and the Middle East as well. We need to open up our thinking and build more strategic relationships
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