Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
Apart from digital advertising revenue, both companies want to reach out to the 'next billion' Indian customers. After all, around half of the 1.3 billion population is still not on the net and this represents a challenge as well as an opportunity.
Joining the debate on the controversy over the proposed mosque near Ground Zero, the father of Wall Street Journal reporter Daniel Pearl, who was beheaded by militants in Pakistan, has said the mosque should not be built there and should be moved to another location.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
Perhaps these new revelations about E&Y and Lehman will inspire the govt to reopen the subject for more radical change.
United States President Barack Obama hosted the first state dinner of his presidency for Prime Minister Manmohan Singh at the White House on Tuesday night.
The online messaging company is ramping up hiring to expand its business ahead of the initial public offering.
He called on developed countries to play their part in restoring international monetary cooperation.
The South African government is tightening the screws on the proposed $23 billion share-swap deal between its telecom major MTN and Bharti Airtel, Indian's largest telecom company, by making it clear that the company has to retain its character as a South African company.
The value of the ace investor's personal holdings rose by just 2%.
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
Mukesh Ambani continues to remain the richest man in India.
China evinces interest in the 1,754-km long high-speed rail project.
American president Barack Obama has once again targeted American companies having their operations in India to save taxes back home and called such businesses tax evaders.
We are emphasising on an agricultural growth of 4.5 per cent to achieve a 9 per cent GDP growth, says Finance Minister Pranab Mukherjee.
The year 2009 was a difficult year for Indian merger and acquisition deals.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
The New York police on Sunday defused a car bomb in the heart of New York's famous tourist hub of Times Square after evacuating thousands of visitors, residents and theatre-goers from the area, averting what could have been a "very deadly event" in the US.
While 89 per cent of executives in India said innovation was key to economic growth, in the US, only 72 per cent said innovation was important.
With America just a day away from electing a new president -- Donald Trump or Hillary Clinton -- nine polls show that Clinton is in charge of the race with just hours to go.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
The Indian PM shares the honour with Japanese PM Shinzo Abe.
'All the vaccines that are available in most countries, right now, are all highly effective and safe.'
The year 2009 was a difficult year for Indian merger and acquisition (M&A) deals. However, it established the supremacy of Indian investment bankers (i-bankers) by catapulting them to the top of the league table, leaving their international peers far behind.
India plans to increase stockpiles of the anti-influenza drug Tamiflu or its generic version by 10-fold, from one million to 10 million currently, Bloomberg reported, citing Vineet Choudhary, joint secretary, Ministry of Health.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Grounded Indian planes will be up in air by end of April says company president
During assembly in the morning students held up posters.
Community activist and TV journalist Renee Lobo has been appointed to the New York City Commission on Human Rights by Mayor Mike Bloomberg, ending a long void.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Another report by Oxfam had found that eight billionaires, including Bill Gates, from around the globe have as much money as the 3.6 billion people who make up the poorest half of the world's population.
If what Citi CEO Vikram Pandit is suggesting is true, namely that the bank is seeing a turnaround in its fortunes, there cannot be better news for the US' battered financial markets. After all, Citigroup is still a huge institution and if it can be put back on the rails, then there's hope for many others, says Shobhana Subramanian.
Tata Motors, which is announcing its results January 30, is likely to end 2008-09 with around Rs 500 crore (Rs 5 billion) less cash mainly because sales of commercial vehicles, which account for about 60 per cent of its revenues, have dropped sharply.
Out of 150 India equity funds, 89 have outperformed Sensex.
'If you don't have a strong political leadership, however much expertise a country may have, in pandemic preparedness or infectious disease, will not matter.' 'It's really about having strong political leadership, that is proactive, that prioritises taking the right action.' 'And if you don't have that, then you will have a much worse pandemic experience.'
