Yet, sectors tied to capital goods and infrastructure such as steel and cement are recovering. Commercial vehicle sales are growing at a double-digit pace on the back of a replacement demand.Put alongside the 6.Though GDP growth figures make India one of the world’s fastest growing economies, weak private investment and low capacity utilisation rates have painted a less rosy picture.
This is Indian firms’ best showing since the April-June China Wholesale Special fastener quarter in 2014. The cement and power sectors have also seen demand improve.Sadly, corporate balance sheets remain stretched, making it hard to revive private investment, which has lagged for the past four years.3 per cent.5 per cent year-on-year in the March quarter, compared with 1.On Tuesday, India will release gross domestic product data for the January-March quarter.8 per cent decline in earnings that data provider Factset reckons companies in the S&P 500 suffered during the same quarter, India’s corporates have some things going in their favour.While factories are running nearly 30 per cent below capacity, sales are increasing.India’s National Stock Exchange share index has surged around 17 per cent from a near two-year low on February 29, outperforming a seven per cent gain by the Asia-Pacific MSCI index excluding Japan.Indian companies are posting their best earnings results since Prime Minister Narendra Modi swept to power two years ago, giving the clearest sign yet that India’s fast, but patchy, economic growth is beco-ming more broad-based.
After five quarters of double-digit declines, operating profit in the materials sector rose 22 per cent in the March quarter.Going by India Inc’s surge in profit growth in the first three months of the year, however, the outlook really does seem to be brightening, as benefits feed through from lower interest rates and government spending in infra and defence."Macro indicators are suggesting that at the ground level the economy is gaining momentum," said Dhiraj Sachdev, a fund manager at HSBC Asset Management"That has also been validated in terms of better corporate earnings in many of the sectors.5 percent is forecast by a Reuters survey economists, slightly faster than the previous quarter’s 7.7 per cent growth in the previous quarter, according to Thomson Reuters data."Operating profits for 289 companies that have reported results so far leapt 25. Year-on-year growth of 7.
However, fertiliser output recorded a degrowth during the month under review.6 per cent, 6.4 per cent in the same period last fiscal.1 per cent in September 2016.The eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had witnessed a growth of 5.Crude oil output registered a growth of 0.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, official data showed on Tuesday.On the Wholesale Hex flange bolt other hand, growth rate of steel and cement production was slower in September this year as against the same month previous fiscal.3 per cent as against 5.
The production of coal, natural gas and refinery products rose by 10.1 per cent during the month under review as compared to a contraction of 4.New Delhi: Eight core sectors grew to a six-month high of 5 Cumulatively, the growth in the eight core sectors during April-September this fiscal slowed down to 3. Electricity generation recorded almost flat growth.6 per cent.3 per cent in September last year.The expansion in September is highest since April, when the core sectors’ growth stood at 2.3 per cent and 8.1 per cent, respectively on annual basis, according to the data released by the commerce and industry ministry.Healthy growth in key sectors would have positive implications on the Index of Industrial Production (IIP) as these eight segments account for about 41 per cent to the total factory output.
In order to clear bottlenecks in the city, the BMC has undertaken work of flyovers like GMLR, Mrinaltai Gore flyover and Kora Kendra.Mumbai: The Brihanmumbai Municipal Corporation’s (BMC) fiscal budget for the year 2019-20 will continue to concentrate more on major infrastructure projects that have already been announced. This is an increase of budget by Rs 144 crore for roads as compared to last year’s revised estimate.In the budget, the municipal commissioner Ajoy Mehta on Monday announced that a provision of total Rs 1,520 crore is proposed for the improvement of roads and traffic in the city. Road to Mahavir Nagar and Sunder Nagar main road, Church Pakhadi Road in western suburbs, Ghatkopar-Mankhurd Link Road (GMLR), Mahul Road and Lal Bahadur Shastri Road.Mumbai will also have better footpaths this year as civic body has now finalised new footpath improvement policy with an aim to avoid illegal digging and increase their lifespan.
Along with this, the civic body is also expected to allocate substantial funds for Swachh Bharat initiatives, flood-mitigation measures and the reconstruction of dilapidated bridges in the city."It is proposed that this year, city will get around 370 kilometers of roads improved with cement concrete and asphalt. Some of the major roads proposed for improvement are Mancherji Joshi Road and Morland Road, Jogeshwari-Vikroli Link Road, Link Road from S.After presenting the budget, Mr Mehta said, "We have focused on development projects for Special fastener improvement of city’s infrastructure like roads, storm water drains, bridges, solid waste management, water projects as well as to provide basic amenities. All the footpaths from now onwards will be improved with stencil concrete, cement concrete instead of paver blocks. A provision of Rs 100 crore has been proposed in the budget for the same.
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