Search Result for : Service Industry

Kanchi Batra No matter how thrilling your trip is after a while airports just get boring. Waiting at the airport for your flight can be an extremely boring and annoying experience, especially when there are delays. Also after going through snaking security lines and security checks, travellers have to go through noisy, jam-packed gate areas. Unless they have the option to head towards an airport lounge. Airport lounges may be travel industry’s best-kept secret. These calm and secluded areas make travelling less torturous. Lounges are akin to specialised hospitality clubs that service frequent flyers and passengers holding business- or first-class tickets. Good news for the new age flyers. DreamFolks, one of India’s leading providers of travel benefits and services, has collaborated with ...

The Dollar Business Bureau Corporate executives and industry captains deliberating at CII’s live budget viewing session at Mumbai had a mixed-feel while watching the budget unfold. When Jaitley came on the giant screen at 11:00, everybody thought he would bring AccheDin, but very few felt it were Achhe Din. Most CEOs chose modesty in acknowledging the budget as one in the “right-earnest” and some even commented that it was “business-as-usual”. CORPORATE TAXATION The industry was primarily gung-ho on amends in corporate taxation, improvement in the education sector, affordable housing, exports, tariffs and GST related discussions. But many of these keywords went unaddressed as the FM chose MSME, Agriculture and common man to focus on. Corporate taxation was anticipated to drop to an 18% figure, a proposal ...

The Dollar Business Bureau India’s services industry growth dipped to a six-month low in May due to lack of new orders. The country’s services industry has been facing weak scenarios, with output growth losing momentum for the second straight month. The total growth in manufacturing and services sectors was the lowest since November last year. In the last quarter of financial year 2015-16, India was the world’s fastest growing economy, with its gross domestic product (GDP) growing at a quicker-than-expected pace of 7.9%. Earlier this year, the RBI had cut its policy rate by 0.25% to 6.5%, its first rate cut after six months. It has reduced its policy rate by 1.5% since January15. The industry demands for more rate cuts from the RBI to ...

Source: PTI Raising concerns about India's economic growth momentum, a survey today showed that the services sector contracted for the second consecutive month in June as new orders declined for the first time in 14 months. The deterioration in the key services sector, coupled with weakening manufacturing output, may add to the clamour for further rate cuts by RBI but comes at a time when rating agencies like Fitch and Moody's have flagged a weak business environment and an urgent need to speed up the reforms. The Nikkei India Services Business Activity Index, which tracks changes in activity at service companies on a monthly basis, fell to 47.7 in June, down from 49.6 in May -- its lowest level since March ...