Swiggy had in June entered the elite Unicorn club after raising $210 million from a group of investors
Large states like Andhra, Chhattisgarh, Gujarat, Himachal, MP, Odisha, Punjab and Tamil Nadu would need compensation from the Centre
At a time of massive job losses that is what the much-vaunted Indian IT sector needs. Ritwik Sharma reports.
The domestic car sales volume of the company is also growing at 15%
India Inc's investment project announcement falls to Rs 11.3 trillion. In the coming months, the pace of investments would depend on how soon consumption demand picks up and private sector investment ramps up investment in infrastructure.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
Experts say the BSE Sensex could rise to around 32,000 in a year.
'I was shocked by the kidnapping episode. I could have lost my life.'
In many parts of central and north India, monsoon reaches only in July.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
Bank shares were the top losers along with index heavyweight RIL
Foreign institutional investors (FIIs)' stake in Infosys is nearing historic highs. During the quarter ended September, they bought 6.38 million Infosys shares for Rs 2,236 crore, raising their stake 1.1 per cent, data show.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
From Accenture to IBM, IT hiring is set to gain pace where most of these openings are for lateral hiring for people with 4-6 years of experience.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
Car sales likely to touch record 3-mn mark by the end of March.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the current fiscal.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Budget 2015 has blessed the banking sector.
Investors turn their attention to export-driven sectors.
The contraction in November this year is the second biggest fall in the current financial year.
While the BSE's asking valuation is reasonable, compared to peers, there are some factors that long-term investors need to consider before investing.
Centre might move swiftly on its next round of strategic sales in CPSEs
While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.
This is good news for the central government at a time when crude oil prices are rising.
High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable.
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs
Underlines need to reduce human interface; wants tax e-assessment in more cities
Company's revenue growth is likely to be volatile going ahead
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
'...and defensive until the global macro headwinds turn more benign.'
A first in 7 years, the combined institutional investor flow stands at Rs 69,000 crore in 2016-17
