Tag Archives: industry

RTAs are the backbone of the mutual fund industry

Technology is key to supporting growth in any industry. As one of the largest registrar and transfer agents (RTA) in the country, Karvy Computershare Pvt. Ltd has used technology to drive growth and service the industry. A booming industry like mutual funds wouldn’t have reached this level of growth without the use of best of technology that is largely supplied and ... Read More »

No margin pressure on IT industry: Raman Roy

The National Association of Software and Services Companies (Nasscom) has said there is no pressure on margins of IT and BPM (Business Process Management) companies. “It is not true. Actually, the per employee revenue has gone up in the country,” said Nasscom Chairman Raman Roy. He, however, said the companies have begun to spend heavily on retraining employees in newer ... Read More »

Large-scale solar industry takes off as 12 new plants secure finance

Broken Hill solar farm. Twelve new plants awarded grants by the Australian Renewable Energy Agency are now in the pipeline. Photograph: Josh Wall/Guardian Australia Australia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable EnergyAgency reaching “financial close” this month. That means they are fully financed and ... Read More »

Oil industry faces boom-and-bust, warns IEA energy group

A new oil industry boom-and-bust cycle is likely if the current reduction in new investment is not reversed, says the International Energy Agency. The IEA says unless more money is spent exploring for, and developing, new oil fields, then demand may outstrip supply in the early years of the next decade. That could see oil prices surging again, says the ... Read More »

May targets finance industry for failing to promote women

Prime Minister Theresa May criticised Britain’s finance industry for failing to promote and retain women on Tuesday as the government revealed that some of the biggest players have committed to having at least 30 percent in senior roles by 2021. The Treasury said that for every pound earned by a man in the male-dominated financial services industry – the highest ... Read More »

Brexit boost for superyacht industry as sales rise above sinking pound

Britain’s superyacht industry is weathering the Brexit storm with the sector reporting its highest level of confidence in the wake of the EU referendum – although choppier waters could be on the horizon. Fresh figures released by British Marine and Superyacht UK on Monday show that revenue rose 11.5 per cent to £605m in 2015/2016, marking the industry’s fourth consecutive year of growth. However, ... Read More »

Government grants infrastructure status to shipyard industry

Cochin Shipyard dock where India’s first indigenous aircraft carrier INS Vikrant is seen being built.  NEW DELHI: The government has granted infrastructure status to the shipyard industry, a move that will help the sectoral players get long-term financing at cheaper rates. A gazette notification issued by department of economic affairs in the ministry of finance last month issued an updated ... Read More »

Two-thirds of banks fear Brexit, according to UK industry poll

British Bankers Association says more than 60% of respondents to its survey said they would be significantly worse off if Britain left the European Union Seventy-four banks responded to the BBA’s survey on EU membership. Photograph: Dan Kitwood/Getty Images The majority of banks operating in Britain said they think they would be worse off if the UK leaves the European ... Read More »

Cut ore prices: Forging industry

There are over 380 forging units operating in the country with a total turnover of Rs.28,000 crore, of which export revenue is Rs.6,100 crore. The Association of Indian Forging Industry (AIFI) has urged the Centre to slash the price of iron ore immediately to help the steel industry become more competitive. AIFI Vice President S. Muralishankar recently told reporters: “The ... Read More »