Hiring up, rupee hedges in place, but net addition in clients still subdued.
With the Indian Premier League (IPL) story getting murkier, investigative agencies have cast their net wide to include banks. The idea is to dig out information about their financial exposure to the 10 IPL franchisees.
An extensive analysis of the available results of companies for the just-concluded fourth quarter shows robust growth in sales and profit, carrying forward the momentum from earlier quarters.
No fewer than 276 new billionaires have entered the list this year.
India Inc's order book doubled in the fourth quarter (January-March) of the last financial year compared, to the year-ago period.
145 companies have paid Rs 125.65 billion (Rs 12,565 crore) as interim dividend for 2009-10
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
With the economic turnaround now on a firm wicket, the Reserve Bank of India has made restructuring of debt by companies tougher.
A number of public sector banks will have to stock up on core capital, if the Reserve Bank of India decides to ask banks to leave out hybrid instruments while computing Tier-I capital adequacy, as indicated by RBI last week.
Savings bank account holders are a happier lot. The reason: They will earn more on their deposits from April. However, this isn't good news for banks, as their margins will come under pressure
The foreign investors' attraction for India funds seems to be as restrained as in 2009, with only five such funds launched in the first two months of 2010, mobilising $492 million.
A study of 435 companies listed on the Bombay Stock Exchange, which provide their capital-employed data on a quarterly basis, shows capex grew by a meagre 3.4 per cent in the nine months ending December 2009, compared to the level in March 2009.
Corporate India will have to shell out an additional Rs 21,000 crore (Rs 210 billion) if the 2010-11 Budget increases the excise duty by 2 per cent.
An analysis of the growth rate of 15 leading drug companies for the third quarter of 2008-09 show excellent performances in domestic turf have been often marred by the poor show of their acquired assets.
India Inc as a whole has recorded a 62 per cent rise in net profit and 310 basis point rise in margins.
A total of 635 companies have declared their third-quarter results and reported 22 per cent rise in revenue and 47.3 per cent growth in net profit on an average.
Bharti Airtel and Larsen & Toubro may have struck a jarring note by turning in disappointing results, but India Inc as a whole has done fairly well so far in the third quarter ending December 2009.
The buoyant foreign capital flows in debt instruments since the beginning of 2010 could weigh on the Reserve Bank of India's decision on whether to raise policy rates.
The managers see Sensex trading at a P/E of 16.
With the Reserve Bank of India allowing retired teachers, kirana shop owners and public call office (PCO) operators to be hired as business correspondents, banks are set to hire over 200,000 people over the next few years to push financial inclusion initiatives.
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