For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
Apart from 40 modules of Harvard, SBI has internally developed 500 e-modules for employees.
Decorative paints constitute over 75% of the overall paint market in India.
Advance tax payment is a staggered system of paying taxes and is generally seen as a barometer of a particular company's performance as the tax payments are made in line with profit expectations.
Sharp rupee fall, interest differential on export finance rates may have led to arbitrage in gold.
India's merchandise exports crossed the government's target of $300 billion in the last fiscal and reached $303.7 billion. But according to Commerce Secretary Rahul Khullar, the present fiscal is going to be tougher.
The performance of the auto component industry was impacted by moderation of vehicle sales in India in 2011-12.
Stocks of fast moving consumer goods companies have been on a roll. From packaged food to personal care products, almost every category has been clocking robust growth over the last year.
India's biggest companies are public sector undertakings (PSUs) in the oil & gas sector.
According to the Reserve Bank of India, the total flow of financial resources (rough estimates) from banks and non-banks to the commercial sector during April-December 2010 stood at Rs 9,01,000 crore (Rs 9,010 billion), up from the Rs 6,36,000 crore (Rs 6,360 billion) during the year-ago period.
Rising commodity prices are set to hurt margins of India Inc in the on-going fourth quarter of FY 11, even though revenues are seen higher than the previous year, ratings agency Crisil said on Monday.
Confirming fears of a slowdown, India's economy grew by just 7.7 per cent in the first quarter of the 2011-12 financial year, compared to 8.8 per cent growth in the same three-month period last fiscal, which was mainly due to the poor performance of the manufacturing sector.
The Indian Railways will flag off 117 new trains as planned.The Railways will also introduce 52 new trains in FY11.
Domestic food price inflation has witnessed a high volatility since mid-2009 due to both structural and transitory factors and a significant part of the recent increase is due to structural constraints, the RBI said in its third-quarter monetary policy review for FY 11.
Restore macro economic stability
In our view, the overall fiscal consolidation could impart a negative fiscal impulse after 3 years of positive impulse.
Savings in deposits by the households rose, however, to Rs 1 trillion (17 per cent) in the year to Rs 6.91 trillion in FY14 as against Rs 5.91 trillion in 2012-13.
Last year, the company had posted a net profit of Rs 1,284.9 crore (Rs 12.84 billion) for the second quarter, as per international accounting standards.
The Nifty opened on a firm note and moved between 5,913 and 5,866 as investors awaited TCS and Reliance Industries results.
Excellent execution and a constant focus on the customer has helped TCS.
"This has been powered by a rebound in the agricultural sector following the drought in 2009-10, and a sharp pick-up in private consumption and gross fixed capital formation," CMIE said.
Rebuilding the country will push the prices of commodities and also result in a pull-back of capital.
The government's FY11 fiscal deficit should be comfortably lower than its estimate (4.7% vs the budgeted 5.5%), but we suspect the quality of improvement would be weak, given one-off revenue items and a significantly higher base of nominal GDP.
Ansal has received bookings for 1.66 million sq ft of space in January.
For FY 12 when growth is expected to slow down, "the downside risks relate mainly to the poor rainfall and to the performance of the global economy," the Centre for Monitoring Indian Economy (CMIE) said in its latest review of the country's economy.
Dell's quarter numbers were lifted by strong sales to corporate customers.
Telecom major Bharti Airtel on Wednesday said its net profit dipped nearly 28 per cent to Rs 1,215.2 crore (Rs 12.15 billion) in the quarter ended June 30, 2011.
Since Indian economy grew by 8.9 per cent in the first half, Fitch projections mean that it will expand by a slower growth rate in the second half.
India's real GDP is expected to grow by 8.6 per cent this fiscal as compared to a growth of 8.5 per cent recorded in FY 11, Centre for Monitoring Indian Economy (CMIE) said in its monthly review.
India, per se, is witnessing more promising growth.
Mahindra Satyam's Gurnani to be CEO after Tech M integration.
Revenue, however, grew just 1 per cent to $15.01 billion in the reporting period, compared to $14.87 billion in Q1, FY'11.
The market breadth was very negative. 2022 stocks had declined while 977 had advanced.
India's central bank has however, forecast an 8.2 per cent economic growth in FY 11.
Financial sector majors have shelled out a higher advance tax in Q2 FY11 as compared to the year ago period, indicating that the sector is geared to perform healthily this fiscal.
Sounding confident of the industry maintaining higher growth rate in the coming months, Cabinet Secretary K M Chandrasekhar has said the government would review the stimulus measures in the FY11 Budget.
The FM puts a positive spin on the Budget but the math looks dodgy.
I guess there is this nagging suspicion that the arithmetic adds up just too nicely. To begin with, tax revenue is expected to grow by 18 per cent on the back of a 14 per cent rise in nominal GDP.
Bankers, who met the Reserve Bank of India Governor D Subbarao on Monday, two weeks before the annual monetary policy scheduled for April 20, said none of them was presently contemplating hike in lending rates given the 'reasonable' liquidity in the system.
The deregulation of fuel prices will mean a valuation re-rating for most stocks in the sector, Amar Ambani, vice-president, research, at IIFL, speaks to the Business Standard.
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