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‘Domestic growth of India’s computer services to cut ‘over-reliance’ on exports’

IANS United Nations The domestic market for India’s computer services sector is forecast to grow faster than its export market lessening its “over-reliance” on foreign countries, according to a report by the UN Conference on Trade and Development (UNCTAD). In India, which ranked second globally among the exporters of information communications technologies (ICT) services, the domestic market for computer services …

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Indian CEOs to be relatively silent on social media: Study

NT NETWORK Mumbai A study by ECCO International finds that Indian CEOs remain relatively inaccessible to consumers on social media as compared to their European and US counterparts. The study which looked at the largest companies by market capitalisation in 21 countries worldwide – reveals that 58% of global CEOs are active on LinkedIn, compared to only 20% of Indian …

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Jaishankar holds bilateral talks with Indonesian counterpart

PTI Jakarta In his first bilateral visit to an ASEAN country, Minister of External Affairs S Jaishankar on Thursday met his Indonesian counterpart Retno Marsudi and they agreed to step up cooperation in connecting Aceh and Andaman and Nicobar islands to promote trade, tourism and people-to-people contacts.  Jaishankar is on a September 4-6 visit to Indonesia. “FM Jaishankar and I …

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Difficult road ahead for auto industry with BS-VI: SIAM

IANS New Delhi Already grappling with a consumption slowdown, the road ahead for the Indian automobile industry seems to be “difficult” due to the upcoming transition from BS-IV emission norms to BS-VI, Society of Indian Automobile Manufacturers President Rajan Wadhera said on Wednesday. Speaking at the Federation of Automobile Dealers Associations’ Auto Retail Conclave 2019, he noted that even as …

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Auto dealers count on healthy festive sales

IANS New Delhi Faced with a consumption slowdown along with the high cost of finance, the country’s automobile dealers expect a partial turnaround during the upcoming festive season which will also lead to job regeneration. The sector has witnessed around 2 lakh job losses due to the sales slowdown. At present, the sector suffers from a sales downturn due to …

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Build customer loyalty first, profits will follow: Study

​IANS New Delhi Advertising professionals are chasing return on investment (ROI) which is a somewhat flawed exercise as they must focus more on delivering customer experiences and building loyalty, a new report said on Wednesday. On the other hand, said Adobe’s “2019 Digital Trends Advertising in Focus” report, two-thirds (64 per cent) of marketers stated that content and experience management …

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India’s coal-fired energy sector faces risk: Report

IANS New Delhi India’s coal-fired energy sector is facing increasing pressure due to generator over-capacity, water shortages and the rise of low-cost renewables, a report by the US-based Institute for Energy Economics and Financial Analysis (IEEFA) and the Applied Economics Clinic (AEC) said on Wednesday. The report — ‘Risks Growing for India’s Coal Sector’ — provides an overview of the …

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Centre to announce measures for real estate this week

IANS New Delhi After a slew of reform measures announced in the past fortnight, the central government is likely to come up with major announcements to boost the real estate industry this week. According to official sources, the package for real estate industry would include additional funds for housing finance companies (HFC) and norm relaxation for developers seeking bank loans.  …

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‘Food processing industry has immense potential in NE’

IANS Itanagar Food processing is an industry that has immense potential in the northeastern states but has not been explored to its optimum yet, said Union Minister of State for Food Processing Industries, Rameswar Teli, on Tuesday. “The northeast region, with its vast resources and bio-diversity, produces ample exotic fruits and vegetables which can be made economically viable through the …

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NPAs may come down to Rs 9.1 lakh cr by March 2020: study

IANS  New Delhi The Indian banking system’s gross non-performing assets (NPAs) may come down a notch to Rs 9.1 lakh crore by the end of current fiscal (March 31, 2020), from Rs 9.4 lakh crore as on March 31, 2019, said a joint study. “There is significant potential opportunity for stressed-assets investors, given around Rs 9.4 lakh crore NPAs in …

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