Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of foreign direct investment norms to improve economic condition.
Banking and telecom will see the highest impact of this transition.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Eight infrastructure industries have posted a growth rate of 8 per cent for September on account of good performance by crude oil, steel and electricity sectors.
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
The central bank had nudged banks to cut lending rates.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
A nearly two-fold hike in natural gas prices will incentivise investment in the hydrocarbon sector and help reduce the energy import bill, India Inc said.
HFCs and banks expect a drop in demand for housing loans in the short-term.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.
Sun Pharma stock has appreciated at 35% a year for 20 years
Jaitley said govt would achieve 4.1% fiscal deficit target in FY15.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
Nano remains a cautionary tale of misplaced ambitions and a drag on profit.
While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
They are suitable for a 3-5 year horizon. Choose equity funds for longer than 5 years
IDS-2 and raids to uncover black money stash keep receipts flowing
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
Railway Budget has not discriminated against any state.
Exports had risen over 11 per cent in July, year-on-year.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
Anglo-Dutch parent's stake in Indian subsidiary rises from 52.5% to 67.3%.
There is too much focus on building, infrastructure, the number of teachers (as opposed to quality), number of laboratories and so on, says Vineet Gupta.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
Investors remain cautious ahead of F&O expiry.
Some 230 kilometres from Kolkata, in West Bengal's Birbhum district, 500 children stand out because of their 'unconventional' education, says Anjuli Bhargava.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
Union Budget had projected the fiscal deficit at Rs 5.56 lakh crore.
Unless supported by investment, any spark of a recovery could be temporary, hint economists.
Real estate veteran Saket Mohta gives the the most comprehensive 11-point checklist
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The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
'EPFO's investments this financial year should be Rs 1 lakh crore'
Many see Nirma's Lafarge deal as some kind of second coming for the Patels.
For PPP projects, clause on consent requirement could be abolished or brought down to 50% of land owners, against the current 70%
From 17 pre-school centres to 285 in less than five years - Hippocampus has brought the joy of learning to kids.
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
