The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
Raghuram Rajan optimistic about passage of GST
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
Deutsche Bank says rising debtor days and low customer advances imply significant net working capital requirement.
The Indian government will present the annual budget for 2016-17 on February 29.
The acquisition of Trinethra Super Retail would put the Aditya Birla group ahead of competition, including Reliance, analysts tracking the development said.
The immediate revenue loss could worsen the Centre's fiscal deficit, from the budgeted 3.3 per cent of gross domestic product (GDP) to 3.7 per cent of GDP -- a massive 40-basis-point increase. It was stabilised at 3.4 per cent since 2016-17, report Abhishek Waghmare and Dilasha Seth.
Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector
For the March 2017 quarter, Wipro expects revenues from IT services business to be in the range of $1,922 million to $1,941 million.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Quelling fears of a takeover by Ola, which is also funded by Uber's major investor SoftBank Group, the US-based cab aggregating giant made it clear that the company was not ceding its position in India, one of its core markets.
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
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The impact the Economic Survey had on the Budget proposals and the influence the Prime Minister wielded on them deserve close attention.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
The contemporary problem with the BJP in Tamil Nadu is that it has been trying hard to package the DMK especially as anti-god and anti-Hinduism, and seeking it to link to Periyar and M Karunanidhi, and by extension to Stalin, the latter's son and successor to the party mantle. Their hope was to consolidate the perceived 'pro-god, pro-religion votes', which they saw returning to the fold post-MGR, post-Jayalalithaa. But no such substantial vote-bank existed even in Periyar's time, says N Sathiya Moorthy.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
US interest rate normalisation policy is likely to keep global FX markets volatile.
Use of blockchain technology will ensure that banks will not be blindsided like in the case of the Nirav Modi-Mehul Choksi blowout at PNB, says Raghu Mohan.
According to SBI executives, the aim is to do things efficiently with an eye on profitability, and get a feedback on areas, including which business to enter and which to exit.
Coca Cola is pumping in about $250 million to consolidate its bottling operations in India.
In 2015, foreign investors slowed net buying of Indian equities.
Beating market expectations, Infosys had reported a 13 per cent jump in consolidated net profit for the third quarter
Each scam that comes out in the open shows the regulators to be miles behind.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
The S&P BSE Sensex has gained 149 points to open at 25,802.
'Modi is still immensely popular and, therefore, he can sustain any number of policy failures.' 'Modi himself has worn multiple faces so it would be naive to think that the Modi of 2021 will be the same Modi that will be campaigning for re-election in 2024.'
Single window clearances for realty must.
India's rank in the World Bank's ease of doing business index cannot get better unless more attention is paid to bringing about procedural reforms in the way states run their governments and provide various approvals for trade and industry, says A K Bhattacharya.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
India, Asia's third-largest economy, is likely to grow 5.3 per cent in 2013, the OECD said, lower than the November forecast of 5.9 per cent.
Investors booked profits in recent gainers
RCom shares fell 0.34 per cent to Rs 145.50 at the close on the BSE.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
Several exemptions have been given to reduce the cost of raw materials.
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