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Tag: business growth

business

Industries in Delhi urge shift from leasehold to freehold to boost India’s USD 5 Trillion economy goal by 2025

Oct 1, 2024 by Gayathri Pariti 0 Comments #BUSINESS, #business growth, #Competitiveness, #Credit, #DDA, #Delhi Chapter of Indian Industries Association (IIA), #Dr. Mamta, #DSIIDC, #Economic Impact, #industries, #investment, #Job Creation

Delhi, October 1st, 2024: The Executive Committee of Delhi Chapter of Indian Industries Association (IIA) held a meeting at the Jhandewalan Headquarters on September 30th, where members urged the Delhi Government, the Lieutenant Governor (LG) of Delhi, and the Union Government of India to implement a freehold policy for industrial units in Delhi.

IIA

 

 

Dr. Mamta, Chairperson of the Delhi Chapter, shared that Delhi has 29 notified industrial areas. While a scheme was introduced in 2005 to convert leasehold industrial properties to freehold, only a few have benefited from this. Government bodies like the DDA, DSIIDC, and the Industry Department have selectively applied this policy, leaving many industrial units without freehold status.

Dr. Mamta stressed that moving from leasehold to freehold is vital for unlocking the economic potential of these areas. This would attract more investments and help India achieve its $5 trillion economy target by 2025.

Main Points of the Appeal:

Business Growth: Freehold ownership would give industrial units more freedom to grow, innovate, and invest in new technologies, without the restrictions of lease agreements.

Increased Investment and Access to Credit: Freehold properties are considered more valuable by banks, making it easier for businesses to get loans and attract investors. This is crucial for supporting India’s economic development.

Enhanced Competitiveness: Industrial units in Delhi would be able to compete better with those in other regions that already have freehold status, leading to greater productivity and innovation.

Job Creation and Economic Impact: A freehold policy would lead to the expansion of industrial activities, creating jobs and developing new industrial hubs, all of which are important for reaching the $5 trillion economy goal.

Dr. Mamta urged that this policy should apply to all industrial units in Delhi, not just a few. If fully implemented, this would empower businesses to contribute more effectively to the economy and support India’s vision of becoming a $5 trillion economy by 2025.

Delhi’s industrial sector plays a key role in the state’s Gross State Domestic Product (GSDP) of $130 billion. By implementing a freehold policy, business operations would become easier, attracting more investments both from within India and abroad.

Industries in Delhi believe that this change would help support the government’s “Ease of Doing Business” initiative and boost economic growth.

business

Technology is key to combating fraud and boosting business growth

Aug 2, 2024 by Mansi 0 Comments #business growth, #Data technology, #New Delhi, #UPI transactions

New Delhi, August 2, 2024: India’s digital revolution will likely lead to 1 billion UPI transactions in the next few years. Currently, India is emerging as a world leader in digital payments by accounting for 46% of all digital payments in the world. Leveraging digital payments is an unmissable strategy for businesses in India’s growing digital economy.

Akash

However, the rise in digital payments has also led to a rise in online fraud. In the past three years alone, online scams have caused a collective loss of Rs. 1.25 lakh crore. In response, the Reserve Bank of India (RBI) has established various committees focused on protecting individuals and businesses, and the financial sector is increasingly turning to cutting-edge technology to tackle these threats.

Technology plays a crucial role in safeguarding businesses from online fraud while enabling them to benefit from the country’s growing digital economy.

Akash Sinha, CEO & Co-Founder, Cashfree Payments said, “In today’s digital landscape, prioritizing safety and security against fraudulent transactions is crucial for businesses to avoid financial losses and protect their reputation. Leveraging technology-driven innovations that use AI and ML algorithms can significantly enhance defenses against fraud. These advanced solutions are transforming the security framework for online transactions in India, providing merchants with unmatched protection and peace of mind.”

Today, secure payment solutions are required to protect businesses from fraud-related losses and build trust with customers.

“Many businesses either overlook the importance of fraud and risk detection tools or use ones that can’t stop fraudulent transactions in real-time. Additionally, creating effective fraud solutions often requires special certifications. However, it’s crucial to recognize that when customers feel secure about their transactions, they’re more likely to make repeat purchases and recommend the business to others, which drives growth.” , Akash said.

Payment solutions that are technology-driven have complete risk management capabilities. Data security measures like encryption and tokenization ensure that all customer data is protected, reducing the chances of data breaches. Furthermore, robust risk management systems can assist companies in meeting regulatory obligations, thereby reducing additional risks.

Sinha added, “At Cashfree Payments, we have built ‘RiskShield’ through extensive research to provide businesses with a comprehensive risk management solution to combat cybercrime. Designed to address issues such as high chargebacks and fraud, RiskShield is effective across various sectors including financial services, e-commerce, and travel. Utilizing advanced AI and ML algorithms, RiskShield helps businesses reduce fraudulent activities by up to 40%.”

In the modern business world, companies can only succeed if they begin to invest in sophisticated fraud detection systems, secure payment gateway technologies, and extensive customer verification procedures.

business

StoxBox: Views on Sun Pharma Industries Ltd. Q4 FY24 Result

May 23, 2024 by Gayathri Pariti 0 Comments #AIOCD AWACS MAT, #API business, #business growth, #IPM, #Q4FY24, #R&D pipeline, #StoxBox, #Street Estimates, #Sun Pharma Industries Ltd., #US formulations (including Taro), #US market

The pharma giant reported strong financial results in Q4FY24, supported by robust performance in the US and domestic markets. The revenue growth was majorly led by the US market in the March quarter, with the global speciality business continuing to increase its share in the overall revenues. The company’s two businesses surpassed $1 billion in annual sales in FY24, namely Global Specialty and Emerging Markets. This achievement of critical mass in key markets has been a testimony for several years. The company continues building a speciality portfolio and investing further to gain scale across businesses. The company’s API business continues to focus on increasing API supply for captive consumption of critical products. We will keenly eye the management commentary on new product launches, US formulations (including Taro), business growth, speciality R&D pipeline, and domestic business. Further, the company will actively look for other new investment avenues for growth across all business segments in the coming years.

Sun Pharma Industries Ltd. Q4FY24 Result First Cut – Net Profit Beats Street Estimates
Company reported revenue growth of 9.6% YoY / down 3.2% QoQ to Rs. 11,983 crores and was below market expectations of Rs. 12,233 crores.
Domestic formulations business grew 10.2% YoY, further aided by 10.9% and 12.5% annual growth in US formulations (including Taro) and Rest of World (ROW) markets, respectively.
Sun Pharma ranked no. 1 and holds an 8.5% market share of over Rs. 1,970 billion IPM, per AIOCD AWACS MAT March 2024 report. For Q4FY24, the company launched nine new products in the Indian market.
EBITDA increased 9.3% YoY / down 7.8% QoQ to Rs. 3,092 crores, while EBITDA margin stood at 25.8% (below 8bps YoY / down 128bps QoQ) in Q4FY24, mainly on account of an increase in employee cost (+10bps YoY) and other expenses (+342bps YoY).
Profit after Tax stood at Rs. 2,659 crores (up 34.1% YoY / up 3.8% QoQ) in Q4FY24, above market expectations of Rs. 2,441 crores. PAT margin rose to 22.2% versus 20.7% in the previous quarter.
R&D investments for Q4FY24 stood at Rs. 900 crores (7.5% of sales), compared to Rs. 825 crores in Q3FY23.
The company’s board has declared a final dividend of Rs. 5.0 per share for FY24.