Mon, Dec 23, 2024 4:03 PM
BEL wins orders worth ₹973 crore, still at 40% of FY25 guidance
A Flip by Avya Verma
Whirlpool of India has entered a contract manufacturing agreement with PG Electroplast to produce select semi-automatic washing machine models, deepening their partnership and supporting the 'Make in India' initiative. This move follows Whirlpool's 25.4% YoY decline in net profit and 13% revenue growth in Q2 2024.
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Power & Instrumentation (Gujarat) Ltd (PIGL) on Monday (December 23) announced plans to increase its shareholding in Peaton Electricals Company Ltd (PECL) from 15% to 60%. This strategic acquisition is expected to bolster PIGL’s presence in the electrical manufacturing sector and align with its growth-oriented vision. The move comes as PECL secures a licence from Siemens to manufacture, assemble.
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India's Ministry of Statistics and Programme Implementation Secretary Saurabh Garg emphasizes the need for data-driven decisions to achieve 8%+ growth rates, leveraging administrative data from sources like GST and MNREGA, and improving inter-ministerial coordination and data standards. India's economy grew 8% in FY24, but slowed to 6% in H1.
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