FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
State-owned Air India has approached the ministry of finance for a sovereign guarantee to raise Rs 2,500 crore (Rs 25 billion) from banks, due to the government's inability to infuse all the required funds into the debt-laden carrier, given the current economic conditions.
Given the volatility of the global marketplace, India is already on a strong wicket and well poised to provide a lucrative option to foreign investors.
The revision will do little to help the Congress party-led ruling alliance, which faces an uphill battle in elections due by May amid allegations of economic mismanagement, corruption scams and high inflation.
Externally, the global economy is stabilising, with better growth is expected this year.
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
The marginal rise in June headline inflation to 4.9 per cent may be a precursor to a pronounced increase in the coming months and RBI is unlikely to cut rates at the forthcoming policy meet on July 30, say analysts.
For every rupee fall against the dollar, the under-recovery will increase by Rs 8,000 crore
Last Saturday, USL board asked its Chairman Vijay Mallya to quit.
According to industry estimates, the sector's revenue would increase eight-10 per cent in 2013-14, against 12 per cent in 2012-13.
A slow but steady economic uptick can be seen in various segments of the economy. India's economy expanded 4.8 per cent in the second quarter, higher than the preceding quarter's 4.4 per cent.
The Reserve Bank in its first mid-quarter policy review on Monday kept the key interest rates unchanged because of elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows.
Part of periodic Article IV consultations on state of the economy; team to have discussions with government as well as banks, private investors and civil society
Move comes after the country's monetary authority tightened credit norms
While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction.
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Bank stocks have underperformed in the second quarter of FY'14 with the BSE Bankex declining 18 per cent compared to fall of 1 per cent in the BSE 30-stock index, Sensex, during this period.
On Tuesday, Economic Affairs Secretary Arvind Mayaram told reporters that economic growth this financial year would be over five per cent and the numbers in the second quarter would be better than the first quarter which yielded gross domestic product expansion of 4.4 per cent, a four-year low.
Lower gold imports and higher overall exports to help narrow the gap.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
Operational income not covering even their interest expenses, finds study; analysts say if economy turns around, new equity issuances an option
Today, the company has created a portfolio of vibrant world-class brands.
Lupin will fund the buy through $100 mn cash reserves and a bridge loan.
HCL's president & CEO Anant Gupta talked to Business Standard about the demand environment, its in the European market and Roshni Nadar's induction into the company's board of directors.
The S&P BSE Sensex has rallied about 28 per cent in 2014, after formation of a stable government at the Centre.
Experts hail 2014 as the worst year for banks.
Bharti Enterprises Group CFO Sarvjit S Dhillon said there is more clarity on the regulatory front now, which is a good sign for the industry.
It reported a loss of Rs 36 crore (Rs 360 million), the first such negative result in 10 years.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
These are companies with a strong track record and good prospects on earnings.
For Facebook CEO Mark Zuckerberg, who visited the country for the first time in October, India might be one of his "priority markets".
In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.
Global sales made via mobile devices are expected to top $638 billion.
The regulator has put a cap on the business a bank can get from a single insurer.
Wipro, India's third largest information technology (IT) services company, is expected to continue with its strong show during the October-December quarter of financial year 2014.
November IIP data show a fall of over 20%, led by automobiles, gems & jewellery and home appliances; turnaround seen as unlikely.
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
The Pradhan Mantri Jan Dhan Yojana will provide accident insurance of Rs 100,000 to all people who open bank accounts under this scheme.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
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