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India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
Promoter entity RRPR - owned by Prannoy and Radhika Roy - says allegations baseless; replies to queries by Sebi.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.
Considering that all sides to the game feel being targeted by the BJP-ruled Centre through taxmen and their ED/CBI counterparts, both factions may not rule out the possibility of patching up after a time, says N Sathiya Moorthy.
Vadra is expected to be questioned again on either Friday or Saturday.
The persistence with Aadhaar, to the exclusion of all other identity systems, is a dangerous path and should be avoided if the risks of digital vulnerability are to be eliminated. Till such time that the ownership of the Aadhaar system is transferred to an independent body, concerns over Aadhaar's digital vulnerability will persist, says A K Bhattacharya.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
Vijay Mallya has lost control of his companies.
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
India does not have a stringent privacy or data protection Act.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
Here is what you must not think before buying life insurance, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
The GST to be implemented from April 1, 2016, will increase the premiums.
The cumulative illicit money moving out of India over a ten-year period rose to $439.59 billion
A bench headed by Justice T S Thakur asked Delhi government to issue notification by August 4 for converting the conference room into jail which can be used by Roy and two jailed directors of Sahara for 10 working days from 06:00 AM to 08:00 PM for holding negotiations with prospective buyers of hotels in New York and London.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors
The Rs 89 crore question before Tamil Nadu now is what shape a central intervention would take, and if there would be any role whatsoever for acting governor, Ch Vidyasagar Rao, in it, says N Sathiya Moorthy.
From disbursing Rs 25.11 crore to political parties in 2014-2015, the Tata group is learnt to have contributed Rs about Rs 600 crore towards the 2019 Lok Sabha election.
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
Net profit at M&M and Mahindra Vehicle Manufacturing Ltd contracted to Rs 918 crore from Rs 1,238 crore a year ago while revenue and other income decreased to Rs 12,997 crore from Rs 13,551 crore a year ago.
He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.
Innovative methods like transfer of funds through the RTGS banking system and concealment of currency wads inside car bonnets were detected by Election Commission as it took steps to curb the use of black money during the just-concluded Lok Sabha polls.
'It is less polarising than Hindutva.'
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
At places in the border districts of Barmer and Jaisalmer, people walked miles through the desert to cast their votes.
"The day news of the SP-BSP top leadership meeting came out, the BJP government used the CBI and raids were conducted in an old mining scam and the news of quizzing Akhilesh Yadav was deliberately spread. Is it not an action to defame the SP-BSP alliance?" Mayawati said.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Soft oil prices are expected to persist in 2015 and will be accompanied by significant real income shifts from oil-exporting to oil-importing countries.
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy.
Modi is seen as exceptional not only on account of his acts but also owing to his style. He appears to sacrifice his life for the people -- like a fakir, a figure he came to epitomize even more in 2020 by growing a long white beard. Charisma is above accountability, and Modi has grasped these dynamics.
From banking to teaching, the list covers all.
Despite the BJP's displeasure over Sasikala's elevation as AIADMK general secretary, the Dravidian party has sent a message to the Modi government that it will not be cowed down, says N Sathiya Moorthy.
'To love all Indians is to love India in reality.' 'To love the lines on a map is to love a symbol,' says Aakar Patel.
Life insurers are launching these again. Invest if you are conservative.
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