CRISIL SME TRACKER: Uptick in production volume to benefit auto component SMEs
Business Standard|October 23, 2024
The revenue of domestic auto component manufacturers is projected to increase 8-10 per cent onyear in FY25, driven by demand from original equipment manufacturers (OEMs) and the replacement market.

Small and medium enterprises (SMEs), which account for 75-80 per cent of the industry volume and 25-30 per cent of revenue, will also see growth, albeit lower than the overall industry at 5-7 per cent, on account of the shift towards higher value and missioncritical components that are dominated by the bigger players. The pace of growth this financial year is in line with FY24, spurred by healthy demand from OEMS and the replacement and export markets.

هذه القصة مأخوذة من طبعة October 23, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 23, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

IIFL Finance posts ₹93 crore net loss

IIFL Finance Ltd reported a consolidated net loss of 93 crore in the quarter ended September 2024 (Q2FY25) as the non-banking finance company (NBFC) made a 100-per cent provision of ₹586.5 crore for security receipts (SRS) in the quarter.

time-read
1 min  |
October 24, 2024
Business Standard

Shiv Sena, NCP release first list for Maha polls

The Shiv Sena and the Nationalist Congress Party (NCP) on Wednesday released their first list of candidates for the November 20 Maharashtra assembly polls.

time-read
1 min  |
October 24, 2024
Business Standard

AI: One earth, one regulatory ecosystem

Artificial Intelligence (AI) technologies, built on predictive and deterministic analysis of large data sets and patterns, transcend geographies.

time-read
3 mins  |
October 24, 2024
Institutions for development
Business Standard

Institutions for development

Growth is driven by technological dynamism even more than by security for private capital

time-read
5 mins  |
October 24, 2024
Business Standard

Arm Holdings to scrap Qualcomm chip design licence

Arm Holdings Plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

time-read
1 min  |
October 24, 2024
Business Standard

Tata AIG eyes 30% CAGR in retail health over 3 yrs

Tata AIG General Insurance on Wednesday said it is aiming to grow its retail health portfolio at a 30 per cent CAGR over the next three years, driven by the expansion of its distribution network and introduction of new riders.

time-read
1 min  |
October 24, 2024
Business Standard

Govt lifts curbs on rice exports; floor price for non-basmati scrapped

Lifting curbs on rice exports, the government on Wednesday removed the floor price for non-basmati rice shipments and exempted parboiled and husked (brown) rice from export duty.

time-read
1 min  |
October 24, 2024
Business Standard

Vedanta Resources raises $300 mn via tap option

Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised $300 million by exercising the tap option on the existing bond issue.

time-read
1 min  |
October 24, 2024
Dialogue and diplomacy only way forward: Modi at Brics
Business Standard

Dialogue and diplomacy only way forward: Modi at Brics

India believes dialogue and diplomacy are the only way forward to resolve conflicts, Prime Minister Narendra Modi said at the 16th Brics Summit in Kazan on Wednesday.

time-read
1 min  |
October 24, 2024
SC opens tap for state regulation of industrial alcohol
Business Standard

SC opens tap for state regulation of industrial alcohol

In a big victory for states, the Supreme Court (SC) on Wednesday, in an 8:1 majority, upheld the states' right to regulate taxes on industrial alcohol, overruling a 1990 judgment.

time-read
2 mins  |
October 24, 2024