According to the financial services major, FY13 Sensex EPS has been downgraded from Rs 1,510 to Rs 1,175, and FY14 Sensex EPS is likely to be downgraded to below Rs 1,300.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
LIC Housing Finance (LICHF) delivered a healthy FY24 with improvements in net interest margin (NIM) and credit costs and an improved return on assets of 1.7 per cent compared to an average of 1.3 per cent between FY14-FY23. Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24. In Q4FY24, the net interest income (NII) came in at Rs 2,250 crore.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
The e-filing of returns in FY14 saw an increase of 40 per cent with 25.6 million online returns being filed till March 22, compared with 18 million a year ago.
CMC has strong presence in the domestic market. It certainly compliments TCS.
Questions will be raised over why those changes take place and whether non-economic factors are at play, says A K Bhattacharya.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
Amid railways eyeing higher revenue from travellers in air conditioned coaches, the number of passengers in AC First Class and AC 3 Tier registered a decline in 2013-14 as compared to the previous fiscal.
The net loss of the carrier marginally decreased to Rs 5,388.82 crore (Rs 53.88 billion) in 2013-14 as against Rs 5,490.16 crore (Rs 54.9 billion) in the previous fiscal.
As per the report, the government's estimate of 5-5.5 per cent GDP growth will require an average growth of 5.4 per cent in the second half of this fiscal, which is a tall order now.
He hoped parliament would approve the real estate regulator and land acquisition bills in its monsoon session
Wage hikes and rupee depreciation may affect the business.
CAD of a country represents the difference between inflows and outflows of foreign currency.
Infy's cash utilisation may play role in whether valuation gap too narrows
Domestic and external environment still remain "challenging".
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
The credit growth is expected to be better in the next financial year on the back of higher gross domestic product (GDP) growth, according to HDFC Bank Ltd, the country's second largest private lender.
While being "cautiously optimistic" about the country's economic growth, they said corruption and bureaucracy are among the 'big concerns' of the industry.
India's gross domestic product growth has been on a steady decline since June 2011, when it stood at 8 per cent.
During 2013-14, the number of investor folios for equity schemes fell by 40 lakh.
Indians borrowed nearly Rs 1.60 lakh crore in housing loans in 2013-14, helping home finance firms' books move closer to the Rs 10 lakh crore mark.
The economy is expected to grow 4.9 percent in 2013/14, marginally lower than the finance ministry's estimate of a 5 percent growth, dragged down by a contraction in the manufacturing sector, a government statement said on Friday.
The Finance Ministry expects the economic growth in the current fiscal to improve to 5.5 per cent from 5 per cent last year on back of likely pick up in agricultural output on account of good monsoon rains.
The airline has said it isn't worried about competition in the domestic market, thanks to its spread across three passenger segments
Anand Rathi recently carried out a research on the behaviour of the economy and CAD.
The brokerage firm cautioned that there is a possibility of further downside risks to growth, especially in the near term as RBI's policy interest rate cuts in recent months has not been translated into reduction in bank lending rates.
As on December 31, government stake in IndianOil stood at 78.92 per cent.
The minister, however, said that there are challenges to boost the manufacturing sector
India's growth in 2013-14 would be less than six per cent.
TCS chief executive officer (CEO) N Chandrasekaran earned a total of about Rs 18.68 crore in the 2013-14 fiscal.
Infrastructure investments in politically-expedient sectors such as water supply, sanitation and irrigation have seen an increase during the first year of the 12th Five-Year Plan (2012-13 to 2016-17), but the same did not get replicated in other critical sectors.
On the fiscal deficit front, its president for research flagged concerns over the revenue collections from the taxation front and also about the government not being able to achieve its Rs 40,000-crore (Rs 400-billion) divestment target.
Gold jewellery exports may decline by about 50 per cent in this financial year from last year after government restrictions reduced the availability of raw material, Gitanjali Gems Chairman and Managing Director Mehul Choksi said.
In the past two decades, the country's economic growth slipped below five per cent in only three years - in 1997-98, 2000-01 and 2002-03.
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Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
The economc research council has projected Centre's fiscal deficit this financial year to be 5% of GDP.
Relief seen from easing global crude oil prices, phased diesel decontrol and capping of LPG cylinders.
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