The agribusiness division revenues in Q1 was Rs 1,418 crore and the profit before tax for the segment was Rs 54 crore, against a revenue of Rs 1,111 crore and PBT of Rs 47 crore in Q1 of the last financial year.
Investors took comfort from Finance Minister Arun Jaitley's statement, who underlined the need to have globally compatible tax rates to broad-base the economy
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
'The manufacturing sector and the capital goods industry need all the support that the government can provide, because they are working in a global market where trade restrictions are coming down every day,' says Amar Kaul.
While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
The time the companies have to get ready for GST is 6 to 12 months.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Once heavily dependent on the cigarettes segment, corporate behemoth ITC has diversified over the past two decades into many businesses that now generates 58 per cent of its revenue. Sanjiv Puri, chief executive officer, ITC, shares his plans with Arnab Dutta.
The 30-share BSE index reclaimed the 30,000-mark to trade at a new record high of 30,071.61 by surging 128.37 points, or 0.42 per cent. This surpassed the previous record high of 30,024.74 (intra-day) that the Sensex touched on March 4, 2015.
'Investors should reduce cash gradually and look for value investing.'
The broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06 per cent, to end at 10,530.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
'Last year, someone told us you must remove 's' otherwise you won't perform well and we didn't perform well.' 'Obviously, that's not the reason for not performing well, but it didn't hurt us to remove the 's'.'
As many as 65 per cent of respondents have positive expectations from the budget and believe that it will succeed in giving a definite push to economic growth and job creation, a survey has said.
If currency controls are maintained indefinitely, popular support for Narendra Modi's demonetisation will turn into dislike, warns Devangshu Datta.
Apart from IT and pharma, the lead spenders in travel are construction, automobile and metals and mining companies and together these sectors accounted for 82 per cent of business travel spend in India in 2015, up from 78 per cent in 2013.
This surpassed its previous record close of 29,974.24, reached on April 5.
Financials were the top losers after sharp gains in the previous session along with ITC
In an interaction with Viveat Susan Pinto, Thomas Lutz, head of the consumer and retail practice at The Boston Consulting Group. highlights some of the top consumer trends in India and the way forward for companies.
'If credit is not available, people will postpone buying. That's what has happened.'
Almost 40 per cent of a durable company's sales are achieved during the festival season
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
The rupee fell to a two-year low of 64.84 against the US dollar.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
The BSE on Monday slipped below the crucial Rs 100-lakh crore (Rs 100 trillion) mark as the benchmark Sensex lost 261 points.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Revenues of Indian companies, excluding those engaged in banking and oil, are expected to grow marginally at 5-6 per cent in the first quarter of this fiscal.
India Inc is encouraged by a determined Budget.
The S&P BSE Midcap and the S&P Smallcap indices rallied over 1% each
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
