Outlook Business News Headlines

p b Serendipity, Sri Lanka's luxury Destination Management Company (DMC) specializing in hosting best-in-class tailored experiences throughout the island destination, has announced its strategic focus on targeting the super niche segment of the Indian tourism market. /b With a focus on the growing Indian outbound travel market, Serendipity aims to tap into the growing demand for high-end, pe

p b Mumbai: /b Indias GDP growth trend is on the cusp of an upshift, with early signs of it rising above 7 per cent recorded during the 2020s before Covid-19 struck, according to the RBI s monthly bulletin for April released on Tuesday. /p p The conditions are shaping up for an extension of a trend upshift in Indias real GDP growth, backed by strong investment demand and upbeat business

p b New Delhi: /b India registered a 17 per cent jump in the export of digitally delivered services to a staggering $257 billion to become the worlds fourth-largest exporter in the segment, according to the latest Global Trade Outlook and Statistics report of the World Trade Organisation (WTO). /p p Indias growth rate was much higher than the 4 per cent increase posted by China and Germa

p Industry experts have welcomed the decision by the Reserve Bank of India (RBI) to allow third-party apps to use prepaid wallets (PPIs) for UPI payments. At present, users can only transact through the app provided by their PPI issuer. PPIs can come in the form of payment wallets, smart cards, magnetic chips, vouchers and mobile wallets, etc. /p p This move will provide PPI holders with mor

p In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous days sharp declines. /p b b Key market movements /b /b p b Sensex perform

p Japan has slipped to the worlds fourth-largest economy, falling behind the United States, China, and now Germany, according to government data released on Thursday. This shift highlights the gradual decline in Japans competitiveness and productivity, exacerbated by its ageing population and declining birth rate. /p p Previously the second-largest economy behind the US, Japan fell to the th

Concerns linger due to stretched valuations, particularly impacting the outlook for L amp;T Tech, KPIT Technologies, Tata Elxsi, and Tata Technologies, said Kotak, but prefers Cyient as it stands out due to its improved business portfolio and relatively more reasonable valuations.

p b IIRF Ranking 2024: /b The Indian Institutional Ranking Framework (IIRF) has released the business school rankings for the year 2024. As per the ranking list, this year too, the Indian Institute of Management Ahmedabad (IIMA) has secured its top position, while, the University of Delhis Faculty of Management Studies (FMS, DU) rose from fifth to second place this year. IIM Calcutta has ret

p Taiwans Foxconn (2317.TW), opens a new tab, Apples (AAPL.O), opens a new tab biggest iPhone assembler and the worlds largest contract electronics maker, expects its business this year to be slightly better than last year but is facing a shortage of chips for AI servers. /p p On Sunday, Foxconn Chairman Liu Young-way said, We did pretty well last year, although we had a rather large write-o

p b Hyderabad: /b CapitaLand India Trust is making significant progress in the construction of its data centre at the International Tech Park campus in Madhapur, Hyderabad, a recent report by CapitaLand said. All necessary development permissions have been secured, and crucial contracts have been awarded. /p p The construction project involves the installation of GIS9 cabling and a 220KV

p Today, February 1, Finance Minister, b Nirmala Sitaraman /b presented interim b Budget 2024 /b in Parliament. Addressing the developments in the Education Sector, she affirmed that the central government, under PM Modis administration, has successfully established a total of seven new IIMs to date. Here, we have curated a comprehensive list of these new IIMs, marking a significant stri

The firm cites the drop in company's consolidated net profit is due to higher employee costs and narrowed the revenue growth outlook for its largest business unit.