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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
'With his envious academic record, extraordinary research calibre and unparalleled work experience, we can trust him to become the first Indian -- fully Indian, not one of those Americans of Indian origin -- to win the Nobel Prize in Economics,' says Sudhir Bisht.
Investors with stalled projects and mounting bad debt will refinance their loans.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
Nikhil Lakshman remembers the times he spent with the legendary writer who passed into the ages six days before his 86th birthday.
'In the final analysis, all Budgets everywhere are like the schemes hatched by A A Milne's lovable Winnie-the-Pooh.' 'They may be well-intended, but often go awry.' 'Although Pooh and his friends agree that he 'has very little brain', he is occasionally acknowledged to have a clever idea, usually driven by common sense.' 'This Budget at a first glance does not appear to belong to that latter category,' says economist Shreekant Sambrani.
'It is only for a particular kind of Indian. The thing is: Even some of those types of Indians do not like it,' says Aakar Patel.
A theory that is doing the rounds is that with election nearing, this depreciation of the rupee will allow politicians of all hues to bring back their ill-gotten wealth.
Blessed with a computer-like brain and an elephantine memory, Anandji Dossa was a pioneer in compiling cricket statistics and scores. Haresh Pandya pays tribute to the modest stats-man, who has passed into the ages.
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