India’s Services Sector Records Strongest Growth in Nearly 14 Years: PMI Data
India’s Services Sector Records Strongest Growth in Nearly 14 Years: PMI Data India’s Services Sector Records Strongest Growth in Nearly 14 Years: PMI Data India’s services sector demonstrated robust growth in April, driven by strong domestic and international demand, which bolstered business confidence to a three-month peak, according to a survey released on Monday. The […]
Extended Season of Down Rounds for Indian Startups
Extended Season of Down Rounds for Indian Startups The trend of down rounds in the startup ecosystem is persisting and expanding. Nearly 20% of the major venture capital deals in 2023 and up to April this year involved significant reductions in valuations. This marks the highest proportion since 2015, according to data from Pitchbook. Before […]
Do you know about various ways of Succession Planning for Family-Owned Business?
Do you know about various ways of Succession Planning for Family-Owned Business? Positive Facts to know about India as a country is the 3rd largest in the number of family businesses. 75% of publicly traded companies & 85% of private entities are family-owned. 79% of India’s GDP is contributed by family-owned businesses which is the […]
Increasing Issuance of GST Demand Notices Driving Growth in GST Collections
Increasing Issuance of GST Demand Notices Driving Growth in GST Collections The surge in GST collections is partly attributed to the rising number of GST demand notices being issued to companies, prompting many to express their intention to appeal against these orders. Abhishek Jain, Partner and National Head of Indirect Tax at KPMG India noted, […]
Banks Extended Rs 24.6 Lakh Crore Credit to MSMEs in March: RBI Report
Banks Extended Rs 24.6 Lakh Crore Credit to MSMEs in March: RBI Report According to the latest data from the Reserve Bank of India (RBI) on sectoral deployment, banks provided a gross credit of Rs 24.67 lakh crore to micro, small, and medium enterprises (MSMEs) under priority sector lending in March this year. This credit […]
Why Family Disputes cause terrifying damage to the Family Business &; its valuation?
Do you know why Family Disputes cause terrifying damage to the Family Business &; its valuation? It is because the Family Business is governed by strong ethos and family values, however, less attention is paid to the critical aspects such as Family Governance. Family Governance is the family constitution. Some of the known family disputes […]
CRISIL SME Tracker: Positive Shifts for Chemicals MSMEs
CRISIL SME Tracker: Positive Shifts for Chemicals MSMEs The outlook for the domestic chemicals industry is improving as demand rebounds and inventories stabilize. In the previous fiscal year, factors such as oversupply from China, weak demand in developed markets, and inventory adjustments led to subdued revenue growth.For the current fiscal year, Crisil Research expects the […]
Considering Investment in Manufacturing? Opt for a Staggered Approach
Considering Investment in Manufacturing? Opt for a Staggered Approach Financial planners are advising investors bullish on India’s manufacturing sector story to consider investing in HDFC Asset Management’s Manufacturing Fund, but they recommend spreading the investment over 12 months instead of making a lump sum investment at this time. First-time investors, however, may want to skip […]
Responsible AI: Enabling Ethical Technology for a Trustworthy Future
Responsible AI: Enabling Ethical Technology for a Trustworthy Future A significant proportion of AI professionals—approximately 61 percent—have encountered biases within AI systems, posing risks of perpetuating inequalities as businesses increasingly rely on AI-driven decisions. Artificial Intelligence (AI) is revolutionizing various sectors, with projections suggesting a substantial USD 15.7 trillion boost to the global GDP by […]
India Focused on Bridging Infrastructure Gaps to Become Global Manufacturing Hub
Siemens Executives: India Focused on Bridging Infrastructure Gaps to Become Global Manufacturing Hub According to senior executives at German manufacturing giant Siemens AG, India is actively addressing infrastructure challenges that have historically hindered its manufacturing growth, positioning the country to emerge as a top global manufacturing hub. Cedrik Neike, a member of Siemens AG’s managing […]