Infosys co-founder Kris Gopalakrishnan said Flipkart and Snapdeal have made a mark in the start-up world.
The Reserve Bank of India, in its Second Bi-Monthly Monetary Policy Statement for 2014-15, kept the key interest rate unchanged at 8 per cent.
The rupee fell to an all-time low of 61.21 per dollar, forcing the Reserve Bank of India to intervene to stabilise the currency.
The uncertainty created by the jump in COVID-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting released on Thursday. "The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable," the Governor said during the three-day meeting of the Monetary Policy Committee (MPC) which ended on April 7. The renewed jump in COVID-19 infections in several parts of the country and the associated localised and regional lockdowns add uncertainty to the growth outlook, he observed, as per the minutes of the meeting released by the central bank.
India's economy grew at 7.6 per cent in 2015-16.
Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth.
Nicholas Piramal India has acquired UK-based Avecia Pharmaceuticals for £9.5 million.
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
FinCom prescribes scrapping of effective revenue deficit.
To beat BJP, you either deny them a critical mass of Hindu vote or build a regional leader and party strong enough to protect their turf, observes Shekhar Gupta.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
'At this moment, the Trinamool has an edge.'
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
Its time the RBI, govt pushes reforms to boost global investment
The market rally was driven by strong buying in telecom, banking, realty, metal, FMCG and PSU counters.
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Ma and the other co-founders had finalised the name "Alibaba" after much research on its acceptability.
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
Afghanistan will remain a frontline state for Washington for a foreseeable future in terms of the potential threats to US national security from terrorist groups, asserts Ambassador M K Bhadrakumar, who played a stellar role in beginning India's dealings in Afghanistan in 1994.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Finance Minister Arun Jaitley presented the Budget in Parliament on Saturday.
'Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco's $6-billion revenue, then on a consolidated basis, we will become the world's largest aluminium company outside China.'
If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction, observes Tamal Bandyopadhyay.
An asset swap can simultaneously boost public investment, reduce the fiscal deficit and keep fiscal policy from being pro-cyclical.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
Assocham said even if an investment revival were to happen, it would be a time lag of at least 18 months before it reflects in the manufacturing sector.
As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
'In terms of growth rate, India is better than China.'
Uber would look to expand the service to six Indian cities
'The government is abdicating its responsibility on healthcare.' 'Just to start this scheme, it will take a minimum till October 2018 and elections are coming in 2019, so before that this can go into the dustbin.'
Will Citibank gain from India's position among emerging markets?
Listed entities would have to co-operate with intermediaries registered with Sebi such as debenture trustees and credit rating agencies
