The company, distributed lower volumes of petrochemicals but that was made up with price increases. It was the same for LPG where realisations improved by about 40 per cent on account of higher prices but volumes fell marginally.
The mood at the Hotel Investment Conference South Asia (HICSA), the annual hospitality industry conference was rather upbeat. But hotel brand operators and owners remain cautiously optimistic of the outlook and are living on a hope that a third wave of the pandemic doesn't become a reality. Having just survived the unprecedented zero revenue situation, the two day confrence organised by consulting firm Hotelivate, was dotted with anecdotes and best practices adopted by the hotels of all hues.
This analysis is based on the quarterly earnings for 724 companies.
During the first quarter ended June, gross tax collections fell 31 per cent driven down by a massive 76 per cent plunge in advance tax mop-up, as the country was in a full lockdown due to the pandemic.
On the back of demand supply mismatch, the India's sugar prices have again begin rising up.
As the sugar industry is witnessing an up cycle, the government may not give due consideration to the demands of the Industry. Rather the government is already focusing on curbing the rising sugar prices.
Leading Indian pharmaceutical companies, which are largely focused on the global generics and the domestic pharma market, have succeeded in keeping a tight check on their key research and development (R&D) costs in the December 2007 quarter.
Only six sectors are likely to report good set of numbers in Q4 FY15.
The lockdown has taught companies a lesson or two on running business with fewer human resources. These lessons are unlikely to be forgotten, observes Mahesh Vyas.
Growth rates in sales and profits have been low in Q2 FY08 as expected while the stock markets are still high. What should investors do?
By refocussing on equity-linked products, LIC has managed to turn in some splendid numbers.
Bengaluru and Delhi airports had the fastest growth in passenger traffic in 2016 among global peers.
The market likely to cross $10-bn mark in 2014.
Total income from operations rose 6.55 per cent to Rs 5,361 crore (Rs 53.61 billion) for the reported quarter as compared to Rs 5,031 crore (Rs 50.31 billion) for the same period last year.
Wipro Limited Revenue increased by 36% Year on Year (YoY) to Rs. 65.07 billion (Rs. 6,507 Crores);
India's fourth largest software services provider HCL Technologies on Friday reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore (Rs 18.73 billion) for the first quarter ended September 30 on the back of strong growth in Europe and business services.
The closure of its Sewri facility has dented Colgate's second-quarter performance
In a bad start to the new year, hotels are counting their losses again. Weddings and corporate events for this month have either been called off or postponed. The blow has throttled the nascent recovery which had kicked in around August. It is primarily hurting the banquet-driven hotel chains, some of which are seeing cancellations running into lakhs for a single day.
After a better-than-expected Dussehra weekend, hospitality firms are hopeful of ending the year on a positive note by doing good business over Christmas and the New Year. Typically, year-end bookings kick in two to four weeks before the season begins. Owing to pandemic-related uncertainties, hotels are seeing a significant reduction in the booking window, with travellers waiting till the last minute to make hotel reservations.
The biggest loss of jobs among salaried employees was of 'white-collar professional employees and other employees'. Among these are engineers including software engineers, physicians, teachers, accountants, analysts and so on, who are professionally qualified and are employed in some private or government organisation All the gains made in their employment over the past four years were washed away during the lockdown, reveals Mahesh Vyas.
The budget-making exercise offers golden opportunities despite challenges, observes Shankar Acharya, former chief economic adviser to the Government of India.
Collectively, the pack of 12 has posted a 50 per cent rise in profits -- Rs 25,685 crore. On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent. Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
Q2 FY08 will be yet another milestone with skyrocketing growth in sales driven by strong growth in subscribers (33 per cent q-o-q and 50 per cent y-o-y) for the telecom sector.
If the current restrictions remain in place until the end of May, we estimate that the cumulative loss of activity could amount to around $10.5 billion, or around 0.34 percentage point (pp) of annual nominal gross domestic product, say Barclays economists.
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
India's second largest software company Infosys Technologies will add 12,600 software engineers this fiscal, surpassing its record of over 11,000 additions in 2004-05, the company said on Thursday.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Mumbai's Bandra Kurla Complex moved down from 18th to 19th position.
On the profitability front, Crisil foresees a 0.5 per cent basis points y-o-y jump in EBITDA (operating profit) margins in Q2 FY15.
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
Favourable response to launches, recovery in CVs will aid growth.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
WGC expects demand to revive in H2 on surplus monsoon rains
A primary producer said that the prices would be raised in tranches this month and the total increase could be Rs 6,000 a tonne.
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