India’s packaging industry to touch $72.6 billion: ASSOCHAM-EY study

 India’s packaging industry is expected to witness an outstanding growth during 2016–21, anticipated to reach the level of US$ 72.6 billion by FY20 growing at a CAGR of 18%, according to an ASSOCHAM-EY joint study. The Indian packaging industry was about US$ 31.7 billion in 2015. The growth is driven by key factors such as rising population, increase in income levels and changing lifestyles. Increasing media penetration through the means of internet and television are fuelling the demand for packaged products in rural India as well, noted the joint study.…

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80% of APAC service providers expect 5G to expand enterprise revenue

Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, recently announced the findings of a new survey that reveals that nearly 80% of APAC CSPs expect the introduction of 5G to expand revenue opportunities with enterprise customers. It also finds that 9% of operators plan to offer 5G services commercially to this sector by the end of 2019, a figure that will increase to 47% by the end of 2020. Conducted by market research and consultancy firm IDC, on behalf of Amdocs, the survey…

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Stable outlook for construction business

The increase in the government spending on infrastructure projects has resulted in robust order inflow for the construction companies and the trend is expected to continue in the new year. This is the major takeaway of the recently released year end assessment report by the credit rating and research agency ICRA. “The construction companies are likely to witness significant opportunities from the railways, ports, urban infrastructure and airport segments. In the Railways segment, besides the core railway capex (doubling, new lines, signalling, electrification, etc), the station redevelopment, and the recently…

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Challenging near-run projection for domestic shipping sector

A recent report by noted credit rating and research agency ICRA projects challenging business environment for the domestic shipping sector. “This is mainly because of capacity additions done anticipating uptick in charter rates which did not fully materialise leading to subdued return indicators and debt coverage indicators. In recent period, the increase in bunker fuel costs has also added to the profitability pressure,” the agency maintained in a release. “The charter rates are a function of global demand supply trends for the major segments – dry bulk, tankers, containers and…

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Succession remains a key problematic issue

Korn Ferry in partnership with NSE organized a discussion with eminent experts on board practices in Indian companies during an event on 17th December. The discussion was held in the backdrop of launch of a recent study by Korn Ferry titled ‘Boards That Lead’.  Key findings of the study:  Succession Planning Seamless transition of CEO and other top leadership roles is an important activity and boards need to have better processes to ensure viable successors for these roles, keeping in mind that the capabilities of these successors are aligned to the future…

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Stable outlook for ports

Noted credit rating and research agency ICRA has given a stable outlook for the port sector,in its year end assessment. “The prospects for the Indian port sector players in the medium term are expected to be favourable, supported by continuing healthy growth in cargo of major volume drivers – Coal, Crude and Containers. Coal imports, which had become a concern over the last two years, have been witnessing a rebound and could continue to with the momentum witnessed in first half of FY2019. Demand revival from the power sector and…

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“Intelligent” APAC Enterprises on a rise, says Zebra study

Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, has  announced the results of its second annual “Intelligent Enterprise Index” and, introduced Zebra Savanna™ – the Data Intelligence Platform, in India. The Index is a survey that measures where companies are on the journey to becoming an “intelligent enterprise”. An intelligent enterprise is the one that connects the physical and digital worlds to drive innovation through real-time guidance, data-powered environments and collaborative mobile workflows. By scoring more than 75 points on…

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Mixed quarter for the Indian Corporate sector

According to a recently released quarterly analysis paper by the leading rating firm ICRA, the Indian corporate sector registered a revenue jump of 23.9% during Q2 FY2018-19.  The paper presents cumulative analysis on the basis of examining the growth trends in 176 companies across the board. “Sales growth was stronger in commodity-linked sectors (iron & steel, oil & gas and cement) and consumer-oriented sectors (FMCG, consumer durables and airlines). Commodity linked sectors posted 61% revenue growth on a Y-o-Y basis, supported by higher oil and steel prices, and healthy demand for…

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India surpasses Vietnam in mobile manufacturing

The India Cellular & Electronics Association (ICEA) along with McKinsey have undertaken a commendable impact analysis study “Making India the Global manufacturing Powerhouse for Mobile Handsets and Components”. This was released during a Media Conference held at Hotel Lalit on 1st November 2018. The Report has made an important and pertinent attempt focusing on identifying the gaps/ challenges and coming up with important recommendations about how to rejuvenate and transform the resurgent mobile manufacturing eco-system in India and make it achieve the Global Powerhouse status. The mobile handset and its…

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Proliferation in bad online shopping experience, says Pitney Bowes Study

Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and data, recently published key findings from the 2018 Pitney Bowes Global Ecommerce Study. As online retailers and marketplaces prepare for record volumes of ecommerce orders this holiday season, the study found that 61% of consumers globally felt let down by their online shopping experience during the last holiday season. This figure is up significantly from 47% in 2017, and 41% in 2016.   Consumers pointed to post-purchase experiences, including items…

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