The search for that one stock that transforms a virtual beggar like me into a profligate millionaire might be over, says Mudar Patherya.
UBS said RIL's $10 billion petchem capex by 2016 will drive 12 per cent volume CAGR.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
Launched this April, the FCG business will end the year with a turnover of Rs 500 crore
Global rating agency Fitch on Tuesday said the imminent entry of Reliance Jio into the telecom space will see a likely 20 per cent fall in data tariffs, but will not have any impact on the credit profile of the top four incumbents in the medium term as their revenue is on an uptick on rising voice tariffs and improving regulatory environment.
Analysts expect the company to post 6.2% sequential growth in rupee revenue.
The average premium at $390 Main Japanese Port (MJP) was almost 47 per cent higher than 2013-14.
The S&P BSE Sensex plunged 128 points to end at 25,102.
Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.
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Will Infy spring a surprise in subdued second quarter?
The airline's accounts are yet to be audited.
Market cap touches Rs 5 lakh crore; earnings growth to spurt in FY19
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Growth has been slowing year-on-year for the IT sector but investors have continued to bet on it.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
Street believes premium valuations justified, as port traffic is expected to grow at a CAGR of 16% over FY14-16.
High interest costs and a weak rupee may raise overall debt, even as refinancing may not be an issue.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Nissan' exit from the light commercial vehicle joint venture has helped speed up consolidation and growth for the company
The company is keen on creating 'a differentiated e-commerce model'.
His plan revolves around new products, a renewed thrust on exports and some serious cost savings
Favourable response to launches, recovery in CVs will aid growth.
Average data usage on Airtel India network grew about three fold to 2611 megabyte (about 2.5 GB) per customer from 904 MB on YoY basis. But the average revenue from the data services per customer declined by 22.7 per cent during the period.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Suresh Prabhu, the new railway minister, described his charge as being 'the engine of growth'.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Bharti's operating margin for India wireless business grew 80 basis points sequentially to 34.9 per cent.
Jonathan Garner, chief Asia and emerging markets equity strategist, Morgan Stanley, gives Samie Modak his assessment of the Indian economy after 3 years of Modi Sarkar.
The move will catapult Disney as the country's largest media and entertainment broadcaster, with over $1.3 billion of additional India revenue.
Gross refining margins may decline sequentially but improving petro-chem margins will boost earnings
HUL, the country's largest FMCG company, saw sales volume fall by 4% for the December quarter.
The recent Indian telecom spectrum auction will hasten industry consolidation, strengthen tariffs and reduce regulatory risks.
Within six months of joining iGate as CEO, Ashok Vemuri will get a performance bonus of $175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December quarter.
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
This is the third consecutive profitable quarter for SpiceJet.
