On the eve of the Budget presentation, economists on Thursday said the they expect the government to roll back some of the stimulus measures, as the economic growth is on rebound with the Economic Survey projecting the GDP to expand by up to 8.75 per cent in FY'11.
Leading business process outsourcing services provider Intelenet Global Services has said it plans to expand its footprint overseas and hire around 7,000 personnel in FY '11.
The apex bank hiked its repo, reverse repo (overnight lending and borrowing rates) to 5.25 per cent and 3.75 per cent, respectively, while the cash reserve ratio, or the portion of deposits banks park with RBI, to 6 per cent in line with analysts' expectations.
The agency did not seek a reappointment in FY12.
This year was the best since 1991, with benchmark indices rising over 100 per cent from their March lows.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
"India's GDP growth rate is about 6.5 per cent this year and our forecast is that the GDP would grow by 8 per cent in FY 11," HSBC India's CEO, Stuart Arthur Davis, told reporters in Mumbai on Monday.
Bankers gave money to Mallya's airline though it was not enough to even service existing debt?
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
Brokerage house Nomura today said the downward revision of FY'13 growth figure by the Central Statistics Office will have a positive base effect for GDP expansion in the current fiscal.
Five companies get more volumes from scooters than motorcycles.
But the Robert Vadra firm, which held luxury apartments in top DLF projects, sees income and profits dry up since FY11.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
The state-owned bank's loss largely offsets the Rs 1,800-crore (Rs 18-billion) capital injection the government will make in FY14.
UBS said RIL's $10 billion petchem capex by 2016 will drive 12 per cent volume CAGR.
Over the past 25 years the MF industry has come a long way. Geographic reach has increased, many more customers have been added, more channels have been opened up and the product basket is full.
The SC bench headed by judge S S Nijjar suggested to appoint foreign arbitrator in RIL'a ongoing case on gas pricing.
Repeat business from existing clients is not coming easily and companies are still in the process of building digital capabilities
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RBI is scheduled to announce monetary policy on Tuesday.
A section of the media on Thursday reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls and that they need more clarity from the Mint Road on certain aspects.
Bharti'suarterly revenue run rate continues to be hover around the $1.2 billion mar
The exchange may now look to its real estate business for cash flows
Private companies have been increasing their dividend payouts at a much higher pace than their public-sector counterparts, though some state-run companies are making huge payouts in absolute terms.
The recent softening of inflation is purely a base effect at play.
It was a year of big gains for equity investors.
The combined pay for India Inc's top management was up 30 per cent in FY16, growing at the fastest pace in nine years
The Bombay High Court on Thursday stayed a new income tax demand of Rs 3,000 crore (Rs 30 billion) on Vodafone India Services in an alleged transfer-pricing case from 2010-11.
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Government divestment reached record figures after the financial crisis, at the same time as promoters were required to bring down their stake in companies to 75 per cent or less.
The Bank suggested reforms in infrastructure sector.
The past decade saw three full cycles of markets moving up and then going into bear phases.
The government allocated Rs 650 billion for petroleum subsidies in FY14, of which Rs 450 billion was used to pay oil marketing companies for the subsidy gap incurred in the previous financial year.
I-T dept has asked for Rs 5,357 crore ($865 million) alleging the company had suppressed its revenue for FY09 to evade taxes
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
This trend is likely to gain pace with the new infrastructure cess on diesel vehicles.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
Infosys' aspirations to improve revenue per employee might also prove to be a tall task, believe analysts.
Murthy said there was a need to change the mindset of the employees to focus on large deals.
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
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