India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 per cent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.
The Larsen & Toubro-Grasim deal is expected to aid the recovery in cement prices and limit the share of the multinational companies, according to CRIS INFAC, a research subsidiary of the rating agency CRISIL Ltd.
Multinational IT firms who are now leveraging the India offshore model to deliver value to their customers are planning to hire over 13,000 professionals in the next 12 months, CRIS INFAC, a business research firm of CRISIL, said on Tuesday.
Investment in national highways would double to Rs 66,000 crore (Rs 660 billion) over the next five years, as compared to the past half-decade, according to a forecast by a research firm.
Global market regulators are keen to have a close look at a model for assessing corporate governance, developed for the first time by Securities and Exchange Board of India.
Most money market players expect the Reserve Bank of India to keep key interest rates unchanged in its annual policy statement for 2005-06 (April-March), to be unveiled on April 28.
The asset size of Indian mutual funds have grown by about 200 per cent from Rs 47,000 crore (Rs 470 billion) in March 1993 to Rs 1,40,000 crore (Rs 1,400 billion) in December 2003.
Credit rating agency ICRA is unlikely to revise its rating for ICICI Bank, but said it has 'taken note of the recent pressure' on the bank following panic withdrawal by depositors in some parts of Gujarat and Mumbai.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
Govt could cut the GST rate payable every time someone buys a health insurance product; or it could also provide a larger income tax set off for those who buy a health insurance product
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
The fast-growing housing finance market will require incremental funds to the tune of Rs 140,000 crore (Rs 1,400 billion) over the next five years.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
Retail inflation inches up to 3.77%; IIP growth dips to 3-month low
How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?
This comes at a time when competition has increased significantly.
The country's current account deficit is likely to decline to 1.1-1.2 per cent of the gross domestic product in the third quarter, say rating agencies.
What stocks will gain from a normal monsoon?
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
Demonetisation is the biggest reason for the rise in preference for small savings.
RJio will further add bottomline pressures on the already struggling telcos that will ultimately be forced to consolidate
Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.
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Wonderla is promoted by Kochouseph Chittilappilly, promoter of V-Guard Industries.
Tech Mahindra and United Spirits will replace them in the 50-share index of the National Stock Exchange with effect from March 28.
A reversal of policy at this juncture could jeopardise the recent gains on inflation
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
India's new passenger car sales are likely to grow at a compounded 9.5 per cent to cross the 900,000-mark in the year to March 2007 due to rising incomes and cheaper finance, a research report said.
Sebi will soon put in place new norms for changes in constituents of the key stock market indices.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
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