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.
A vast majority of borrowers are in the essential services' supply chain with tiny and micro businesses, and this has sprung back.
Experts say the BSE Sensex could rise to around 32,000 in a year.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
In many parts of central and north India, monsoon reaches only in July.
One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
Investors turn their attention to export-driven sectors.
Bank shares were the top losers along with index heavyweight RIL
Car sales likely to touch record 3-mn mark by the end of March.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Centre might move swiftly on its next round of strategic sales in CPSEs
Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
The net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the current fiscal.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
The contraction in November this year is the second biggest fall in the current financial year.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
JLR, the maker of Jaguar F-Type and Range Rover Evoque, was a jewel in the crown of Tata Motors till two years back. But, it has been struggling because of the pending Brexit, a sharp contraction in sales in China, a shift in consumer preference from diesel to gasoline in Europe, higher taxes on diesel vehicles, and tightening regulations.
While the BSE's asking valuation is reasonable, compared to peers, there are some factors that long-term investors need to consider before investing.
Foreign institutional investors (FIIs)' stake in Infosys is nearing historic highs. During the quarter ended September, they bought 6.38 million Infosys shares for Rs 2,236 crore, raising their stake 1.1 per cent, data show.
While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.
Under its Turnaround 2.0 programme, Tata Motors will work to improve its sales capabilities -- "as the product itself is not enough" -- use experiential marketing to excite the market and cut costs to make its offerings more competitive.
Budget 2015 has blessed the banking sector.
Underlines need to reduce human interface; wants tax e-assessment in more cities
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
After a spectacular show in 2016, Kwid's sales have contracted by 20 per cent during the April-December period of FY18 to 65,572 units.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
The biggest spender was Tata Motors, with Rs 4,224.6 crore assigned under the R&D head.
Company's revenue growth is likely to be volatile going ahead
A first in 7 years, the combined institutional investor flow stands at Rs 69,000 crore in 2016-17
'...and defensive until the global macro headwinds turn more benign.'
Three stockmarket experts give their best picks for the New Year.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
Analysis of the 7th Pay Commission's recommendations.
'We have seen a host of businesses across sectors generate economic value and wealth for investors.'
Lower cost and easier termination may well be among the reasons that companies seek to have employees on contract. The share of employees on contract has increased to 57.3 per cent of the total workforce this year as compared to 53.7 per cent in the previous year.
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