While Infosys has increased the margin guidance for FY21 by 100 bps to 24-24.5 per cent, analysts believe there will pressure on near-term margins as discretionary cuts - promotions and travel, headcount addition, record utilisation, and wage hikes start to reflect on costs.
The Indian financial system's asset quality improved despite the pandemic, but it could be due to special dispensations by the regulator, and banks would likely see increased stress on their books once the schemes expire. According to the annual trend and progress report of the Reserve Bank of India (RBI) released on Tuesday, the data available for this financial year so far indicate that banks' bad debts have moderated while provision coverage ratios (PCRs), capital buffers as well as profitability indicators have improved relative to pre-pandemic levels.
The CSO said that the first revised estimates for 2016-17 have been compiled using industry-wise/institution-wise detailed information instead of using the benchmark-indicator method employed at the time of release of Provisional Estimates on May 31, 2017.
With farmers on Thursday blocking railway tracks across the country, at stations big and small, protesters at Singhu said it proves that the agitation is not just limited to Punjab and Haryana.
Without periodic booster shots to display of strength, how is this government what it aims to be? There was also the landscape of prosperity pictured; the in-season affair with 'amrit' stretched to a longer residence in 'Amrit Kaal', notes Shyam G Menon.
'From the time India liberalised in the 1990s, the government has policies are for facilitating the growth of the manufacturing sector.' 'The policies were put in the hope that growth of the manufacturing sector will lead to increased employment,' points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
'Succession is a great show that inspires me to push the boundaries of creativity.'
'My father's dreams for me were connected to cricket.'
'I knew if I did well in cricket, his soul would rest in peace.'
Experts say it will now be tough for the Modi government to catch up with the UPA's economic record owing to the shock induced by the currency demonetisation.
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
Television actor Avika Gor reveals how she made conscious efforts to eat healthy and feel better.
Will Infy spring a surprise in subdued second quarter?
Maybe the new methods of measuring GDP helped us get an accurate picture.
"It seems some people cannot digest that more women, SC, ST and OBC community members are becoming ministers", Modi said, and noted that several new ministers are children of farmers and also belong to OBC communities,
The life insurer tinkered with its business strategy - raised the share of protection plans and reduced dependency on ULIPs in the past four years.
Investors turn their attention to export-driven sectors.
For a starting price of Rs 16,999 and Rs 12,999, both the realme 6 Pro and realme 6 offer real value for money, says Rediff.com's Ashish Narsale.
Rajasthan Royals' director of cricket Kumar Sangakkara on Friday said that all-rounder Chris Morris, who was brought by the franchise for Rs 16.25 crore in the IPL auction, will have a "very specific role of supporting" pace spearhead Jofra Archer.
He also said the governments of the Bharatiya Janata Party, the BSP and the SP that have ruled Uttar Pradesh in the last 32 years, when Congress was not in power, failed to live up to the expectations of the people and the Congress was set for a comeback in the state.
'In May 2020-2021, nearly 10 crores (100 million) lost jobs. 'Covid is not the reason for the present crisis. It aggravated the crisis.'
The highly transmissible Delta variant of SARS-CoV-2 has mutated further to form the 'Delta plus' or 'AY.1' variant but there is no immediate cause for concern in India as its incidence in the country is still low, scientists in New Delhi said.
While India's GDP growth slowed to five-year low of 5.8% in Q4, China grew at 6.4%.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
Tamil Nadu now has India's lowest fertility rate - lower than Australia, Finland and Belgium - second best infant mortality and maternal mortality rate; records among the lowest crime rates against women and children; and has more factories and provides more industrial employment than any other Indian state.
India's second-largest telecom firm Bharti Airtel on Tuesday reported a net profit of Rs 1,134 crore for the September 2021 quarter, and said it is witnessing strong business momentum with growth in 4G customers and increase in mobile ARPU. This is against a loss (attributable to owners of the parent) of 763.2 crore during the year-ago quarter, the company said in a statement. Its consolidated revenues for the second quarter of FY21 stood at Rs 28,326.4 crore, up 18.8 per cent year-on-year (on a comparable basis) and 13 per cent y-o-y on a reported basis, it added.
Welch, who was named "Manager of the Century" by Fortune magazine in 1999, massively increased the financial might of GE by nearly fivefold to USD 130 billion during his time. The market value of the stock rose from USD 14 billion to more than USD 400 billion, an increase of more than 2,700 per cent, during the 20 years he was CEO.
'Money must be produced constantly.' 'This need is driving people to find work, and for many of them, it is working for a living for the first time in their lives,' observes Aakar Patel.
This was even as the country's economy grew by 7.3%.
While Wipro leads the pack on absolute numbers, analysts for Infosys for reporting consistent growth, revising FY22 guidance and beating TCS on revenue growth.
In a thread of tweets, Mallya claimed, "The airlines struggled financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where banks money went. I have offered to repay 100 % of the principal amount to them. Please take it."
This design serves two purposes -- first, keeps the health workers well-ventilated, while preventing bodily discomfort, and second, keeps them safe from various fungal infections.
The self-balancing concept bike left everybody awestruck at Auto Expo 2018.
'Modi came out with this huge announcement that he has given a historic price rise to farmers.' 'It was actually a fake price. He did not give the price mentioned in the BJP's election manifesto.' 'So, Modi gave an incomplete price rise and publicised it as if he has completed his job.' ''This government has surely proved that it does not care about farmers in any way.'
Earlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.
Costlier offers, high import duties and a realignment of its business and distribution continue to dent iPhone sales in India in 2018
Recent estimates show that foodgrain production in 2016-17 has touched a new record of 273.4 million tonnes or 8.7 per cent higher as compared to last year.
Most rating agencies had projected contraction in India's GDP for the first quarter of 2020-21.
'Valuations were depressed at 8,000 (Nifty 50 index) levels. It was a free ride to 12,000 levels.' 'What went down had to come up. Now fundamentals have to support further gains.'
Facing difficulties in daily operations due to constant increase of fuel prices by oil marketing companies, the Consortium of Indian Petroleum Dealers' Association have threatened to go on a one-day strike.
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