The US slowdown, service tax on leased and rented premises and imposition of minimum alternate tax are expected to take a toll on the revenue and earnings growth rates of all frontline IT companies in 2007-08.
The appreciation of the rupee, the dividend distribution tax and the hangover of the minimum alternate tax on information technology companies under the Software Technology Parks of India scheme have pulled the prices of IT stocks down.
The rate hikes are likely to be effected in the middle of April, when there will be a large number of fresh contracts under negotiation.
Curiously, it will not be far-fetched to state the contrary, that the global stock exchanges follow the Indian markets' cue
The parent companies, however, performed well on the profitability front, posting 30.93 per cent net profit growth compared to 22.6 per cent by their Indian subsidiaries.
Domestic car market leader Maruti Udyog Limited, which had till recently refrained from making a serious foray into the diesel-powered segment, foresees 20 per cent of its sales coming from such cars by 2010.
Import duty on a business jet is merely 3 per cent, on a yacht 10 per cent, but it's 60 per cent on cars and a mind-boggling 213 per cent on one's favourite tipple.
After nearly a year of murmurs that JM Financial and Morgan Stanley would go separate ways, they have, joined the swelling ranks of joint ventures that have fallen apart.
On December 4 last year, the stock of the world's largest drugmaker, Pfizer, fell 10.6 per cent, wiping out more than $21 billion in market value in a single day.
Having moved into original research, they have attracted overseas professionals looking to come back, some nudged by MNCs' narrowing research.
There is a cluster of three buildings in Gurgaon that one can easily lose in the landscape of this Delhi suburb. But once inside, you cannot miss the smell of white powder or the rustle of some 1,400 lab coats.
Of the 125 sectors tracked by Business Standard Research Bureau, 62 sectors have lost ground, while 63 others have gained over the May 10 levels.
The overseas drive of the group has been accompanied by a change in Tata, the person, too
For some, India has become critical to global operations. It accounts for 10 per cent of StanChart's top line as well as bottom.
Rs 1,066 crore capital investment of 41 entrepreneurs has grown to nearly Rs 90,000 crore.
The crorepatis are to be found principally in IT, pharmaceutical and engineering companies
Sales of 80 companies climb 43%, operating profit margins up at 28%.
Infosys Technologies has done well by posting its third consecutive quarter with a double-digit growth in dollar terms and increase in operating margins by 0.6 per cent.
India Inc's share of the global public and additional offerings was unchanged at 2.30 per cent in 2006 with 125 Indian firms mopping up $12.97 billion.
The market valuation of Indian stocks is currently the second highest among emerging markets with the Sensex trading at a price-to-earnings multiple of 23.27 times
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