'I cannot cope with the demand. It will take us a couple of months to ramp up production.'
What will the Centre and the Tamil Nadu government do to answer the queries and fears of investors who will want to be doubly sure they would not be harassed at a later date, as has been happening to Sterlite, should be interesting to watch, says N Sathiya Moorthy.
Surging value of dollar may be posing the biggest threat to US corporate earnings.
The Ebitda margin, too, was lower than the expected 29.1 per cent.
Unlike Air India and Jet Airways, which have revised downwards free check-in baggage allowance on domestic flights, GoAir has made provisions for pre-purchasing excess baggage limits.
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
The report said South Asia is expected to be the fastest-growing region.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
Ever since India became a force to reckon with in software services, doing for clients what they want done, the big void that has been constantly talked about is its absence from the space of software products - those over which you own intellectual property rights.
This analysis is based on the quarterly earnings for 724 companies.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
Overall, the populist/ electoral elements in the budget have remained measured with the finance minister being clearly aware of a higher-than-expected rise in oil prices, less-than-planned tax revenues and the wider deficit for FY 17/18, constraining his margin of maneuver, says Claude Claude Smadja.
Deutsche Bank, one of the leading international financial service providers, plans to move almost half of its back-office jobs to India by the end of next year, according to a media report.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
It has been lowered to 'IND BBB+' from 'IND A-', besides placing the rating on 'Rating Watch Negative' (RWN).
There are also talks of branded garments being put under the luxury tax slab, which could be higher than 18 per cent.
The USIBC has encouraged a streamlined implementation of the GST.
The US is pressing for taxing digital economy through the 'marketing intangibles' principle and the UK through a 'user-base' principle.
India ranks 83, among 166 countries, in spending on mobile rates
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
Urvi Malvania reports on the restructuring expected at Disney India under new MD Mahesh Samat.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Tatas' brand value grows 12% in the past year, far ahead of Reliance and Airtel.
The Indian market is highly competitive, and tariffs here are amongst the lowest in the world.
Infrastructure stocks are once again gaining traction.
Singapore Airlines has given new brand names to two carriers it controls - SilkAir (short-haul) and Scoot (low-cost, long-haul.
'See to it that you have adequate skills that will make you so indispensable that they cannot fire you.'
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
Four decades of federal evolution made India more secure, but coronavirus is reversing that. Modi's central government has tasted power again and is unlikely to give it up, notes Shekhar Gupta.
Hygiene and cleanliness of trains and stations a must
Flipkart on Tuesday launched a next-day delivery service.
The direct tax collections are likely to fall short of the revised Budget target by Rs 650 billion and, in fact, were Rs 150 billion lower than the original estimate for the fiscal
For India, it is business as usual with the government muddling along.
The authoritative Congressional Research Service, which provides data and analysis to the US Congress, finds that India no longer features in the world's three biggest arms importers.
The government told the Rajya Sabha on Thursday that Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited would not be privatised in the near future.\n\n\n\n
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
'The estimates of tax forgone on this item run into hundreds of billions.' 'And there is neither fairness nor rationality to support continuing with this tax holiday for just one class of investors, those who put their money in shares,' says T N Ninan.
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