PUBLIC AND PRIVATE SECTOR EMPLOYERS

India's non-life insurance sector saw growth in direct premiums, reaching ?2.90 lakh crore in 2023-24, with a shift to profitability. Claims ratios improved slightly, while the life insurance industry paid out substantial benefits. Overall insurance...

Capital goods stocks stumbled on Friday, led by Siemens' 10% drop, after the company reported a lack of significant private capital expenditure growth in India. Despite this, analysts maintain a positive outlook for the sector, driven by government ...

India secures a USD 350 million loan from the Asian Development Bank (ADB) to bolster its logistics sector. This funding, part of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program, will support policy reforms aimed at e...

The government has proposed a bill to ban unregulated lending. This and more in today’s ETtech Top 5.

India's startup ecosystem is witnessing a shift in exit strategies. Public market sales, including block trades and IPOs, are gaining prominence, offering liquidity to startups and early investors. This trend is driven by increased retail investor p...

Senior citizen FD interest rate 2024: The senior citizen fixed deposit is among the most reliable financial options created for senior citizens. Usually, financial management styles vary as individuals approach their retirement.

India's Chief Economic Adviser, V Anantha Nageswaran, projected confidence in private sector investments driving GDP growth to 35% over the next five years. He reaffirmed the 6.5-7% real economic growth projection for the current fiscal year and emp...

The Jharkhand High Court has temporarily halted a state law mandating 75% private sector job reservation for locals earning up to Rs 40,000 monthly. A small-scale industries association challenged the 2021 Act, arguing it violates constitutional equ...

Finance Minister Nirmala Sitharaman defended public sector banks against Rahul Gandhi's criticism, highlighting their improved health and employee-friendly measures under the Modi government. She cited increased recruitment, the 12th Bipartite Settl...

India's hiring sentiment for Jan-March 2025 is stronger by 3 percentage points compared to the previous quarter and last year, with a 40% net employment outlook, 15 points higher than the global average. The IT sector leads with a 50% hiring outlook...

India's Chief Economic Advisor, V Anantha Nageswaran, urged private companies to increase hiring and balance capital-intensive growth with labor-intensive growth. He pointed out that while corporate profits are high, wage growth has lagged, potentia...

India must bolster its cybersecurity defenses against numerous threats due to its geopolitical landscape. The government is promoting domestic cybersecurity companies and public-private partnerships. Growth in this sector is crucial, with potential ...

US private sector job growth slowed to 146,000 in November, below expectations, with manufacturing showing particular weakness. October's figures were also revised downwards. While overall growth remains healthy, the Federal Reserve's rate cuts are ...

The data also showed that while public sector banks were a bit slow in mobilising deposits compared to their private sector peers during the quarter, they were ahead in lending.

Indian banks saw a rise in high-cost deposits in the September quarter. This may squeeze profit margins. Public sector banks lent more but gathered fewer deposits than private banks. Term deposits grew faster than savings accounts. Loans to private ...

NITI Aayog recommends adding coking coal to the critical minerals list. This move aims to boost domestic production and secure coking coal supply for the Indian steel industry. The proposal includes setting up two special purpose vehicles to expedit...

Public sector banks led a decline in bad loan provisions for the second consecutive quarter, with provisions falling 2.9% to ?27,318.2 crore in the September quarter. This decline was driven by PSBs like Punjab National Bank and Central Bank of Indi...

Mallika Srinivasan, the Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Limited, has been granted a one-year extension as head of the Public Enterprises Selection Board (PESB) by the Indian government. This decision, which bypas...

India's Ministry of Skill Development and Entrepreneurship has reformed the Central Apprenticeship Council, appointing new members for a three-year term. The council, led by Minister Jayant Chaudhary, advises the government on apprenticeship program...