The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
India likely to overtake China on strong GDP growth.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
'Where in the world you get 12.5 per cent return of interest?'
With an eye on the Olympics, the India hockey team skipper Sardar Singh said that the upcoming tournaments like Sultan Azlan Shah Cup and Champions Trophy will serve as important preparatory events in the run-up to the Rio Games. Sardar said while the immediate aim is to win a gold in Sultan Azlan Shah Cup at Ipoh from April 6-16, the larger goal is to come up with a medal-winning show in the Champions Trophy, to be played in London from June 10-17.
'We wanted to explore the divisions in India -- be it class, caste, language, religion or gender.'
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
If allowed to go unchecked, this addiction can wreck you financially as well as emotionally.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
Bhagwati reminded Modi that the US system was driven by lobby groups and India needed to voice its concern over the anti-outsourcing sentiment in the US
'Helicopter drop' was first proposed as an alternative to quantitative easing.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war.
With the lockdown extended till May 3 to stem the spread of the coronavirus, the little money daily wagers had is mostly gone and so is hope.
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
Check out some of the stocks that will react on the basis of their numbers in the near term.
'Where betting is legalised it is heavily regulated and they work in close conjunction with us, so it does assist us' 'Sometimes these corruptors are like paedophiles and what I mean by that analogy is that they are prepared to spend a long time particularly grooming young players'
Rediff readers share their interesting stories about the first salary and what it taught them.
'We will be voting keeping in mind the brunt we bore because of demonetisation and high GST rate'
With telecom disruptor Reliance Jio not raising tariffs, incumbents Bharti Airtel and Vodafone Idea are focusing on the minimum monthly recharge and higher first recharge offers to ensure they retain only loyal and revenue-incremental subscribers, reports Romita Majumdar.
'Why did your generals try to grab a few square kilometres of Indian territory in Ladakh?' 'And what happened to the hard work that you and Prime Minister Modi put into the Wuhan and Mamallapuram meets?' Claude Arpi writes a letter to Xi Jinping, China's self-styled supreme leader, who turns 68 today, June 15.
After a two year long survey, which has been published under the title Beggars in Hyderabad, Hyderabad based sociologist Mohammed Rafiuddin that there were 73,00,000 beggars across India who earn as much as Rs 1.8 billion. The study put the number of beggars in Hyderabad at 11,000 with a total earning of Rs 150 million.
This post is for those who think they can't travel with less money and for those who have money but want to travel on a shoestring budget for the sake of constraint and the adventure it brings with it.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
You were one of the millions who made Ed Sheeran the most streamed artist of 2017.
'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
They are not only coming up with whacky names to grab attention but are also stretching the definition of e-commerce.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Can you help this Indian achieve aviation history?
Myntra expects to reach $100-million annual revenue.
Rediff readers tell us what they did with their first salary.
'Focus on companies with healthy balance sheets and return ratios.'
'They know that India is no pushover.' 'We have to be extremely vigilant, remain ready and keep strengthening our positions.' 'We have to be militarily strong, whatever be the cost.'
Good growth in BFSI segment, favourable currency to aid the company in Dec quarter
For 2020, 13 brands are said to be on board already and advertising rates have been fixed at a premium of 10-15 per cent over 2019.
Tips from the likes of India batting legends Sunil Gavaskar and Rahul Dravid during the just-concluded 'A' teams' tri-series, says Mayank Agarwal, will go a long way in shaping his fledgling career.
It is welcome that the government tried to make its intentions clear last week - especially as risk concerns return to global markets.
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