All major sectors -- real estate, e-commerce, IT, retail and consumer products, healthcare -- saw new all-time highs in value invested.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
India's GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections by different agencies, indicating a sustained V-shape post-lockdown recovery, experts said. The first Advance Estimates (AE) by the National Statistics Office (NSO) has projected a contraction of 7.7 per cent in the real GDP during 2020-21. This was better than the projections by certain international agencies like the IMF and World Bank.
Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.
A mentor doesn't have to be someone more senior than you, but that isn't the case with a sponsor.
Go through the options and cast your vote in favour of the candidate who, according to you, will be capable of reversing the fortunes of the beleaguered Congress party.
Cancellation of at least Rs 3,000-crore worth of business has happened in the past few weeks.
The biggest fear many of the e-commerce firms have is the possible requirement to change business models overnight, which would drastically increase costs as well as disrupt businesses.
Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal
Instead of making the sellers bleed, experts say, e-commerce giants Amazon and Flipkart have roped in banks to offer discounts to buyers.
Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.
The mop-up could have been much higher, but tax on imports fell 2 per cent y-o-y.
It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
Among other segments, home broadband subscriptions have picked up and the virtual private network service, too, increased by around 15 per cent.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
An analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income.
Most of the hirings are, however, in the entry or junior level.
Majority of PLL's long-term deals are linked to crude, which faces price challenge from other fuels. Spot LNG is moving away from this linkage, which puts a question mark on crude linked contracts.
India's news broadcasters are a national shame that have polarised Indians, observes Vanita Kohli-Khandekar.
Lance Armstrong says he received the 'death penalty' for using performance-enhancing drugs and lying about it for over a decade, but the disgraced cyclist still harbours a strong desire to compete and hopes his lifetime ban will one day be lifted.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
Survey says about 60% were unhappy with the union of the two carriers.
Aseem Chhabra feels Talaash is an intelligent film but falters towards the end.
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
The new restriction will be challenging for businesses, as they will have to do regular follow-ups with their suppliers.
There were 52 launches during January-June 2015, compared with 29 in the year-ago period and 32 in 2013.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
The surge in deal value is largely due to the $12.9 bn Essar-Rosneft deal
The ministry has also made Udayen Sen of Deloitte, and Kalpesh Mehta and Sampath Ganesh of BSR as respondents as they were the signatories of the audit reports of the company.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
Apart from easing the NPA pressure on domestic banks, the RBI's move can allow companies to raise cheap, long-term loans easily now.
Industry had sought this 3-month extension, specifically for players struggling to collate the information that are required to be disclosed in the GST forms.
Dividend distribution tax in FY20 would only be applicable after deducting Rs 70 received from the foreign subsidiary, meaning 20.56 per cent DDT would be paid only on Rs 30.
Experts said this will mean that companies, which have offices in multiple states, will have to raise Goods and Services Tax invoice for functions performed by employees in head office that has helped branches in other states.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
Know what terms like anti-profiteering, CGST, SGST, IGST means in the new regime
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
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