Stellar results compared to TCS led to reversal of valuation discount.
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
The progress of the GST Bill in Parliament is also likely to remain in focus
Lack of political consensus on economic reforms a key concern.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.
Arun Jaitley said he would put the DTC Bill in cold storage.
'Co-living is a phenomenon that is bound to strike the right chord with young people everywhere and India will lead the charge as the testing ground for all such ideas.'
Grand plan: 10% GDP growth; 175 million jobs; $10-trillion economy
Raghuram Rajan on February 2 left the key interest rate unchanged.
Brand Factory clocked in Rs 1,045 crores worth of sales in FY17, accounting for 27 per cent of the total revenues earned by Future Lifestyle Fashions Retail. But what about the future?
BSE Midcap and BSE Smallcap indices registered an uptick of 0.06%, and 0.05%, respectively
NDTV will become a full time infotainment and entertainment channel
The list of companies skipping dividends in FY19 includes some of the country's largest firms and industry leaders such Tata Motors, Avenue Supermart, Future Retail and Vodafone Idea, among others.
The 13 firms under consideration had nearly a million employees as of March 2018, including contractual and temporary workforce.
India's telecom sector has been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies. India could go back to a private sector duopoly with just Reliance Jio and Bharti Airtel surviving the mayhem. The third player, Vodafone Idea, could be history.
"While the risk of a correction goes up in the near term, on a long-term basis the Indian market is on an absolutely strong footing."
Maruti has plans to rev up sales of the Dzire, India's fourth most-sold car, by relaunching it.
'The recovery process for the Indian economy would be gradual'.
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
Maruti Suzuki is set to steer its fourth brand into 2 million club. The numbers convey a sense of the contribution that WagonR makes to Maruti Suzuki.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
To fill seats, airlines have resorted to fare wars following the adverse impact on ticket sales, reports Arindam Majumder.
With RIL supplying about 47 per cent of the domestic petcoke production, current dynamics are bound to change.
India has exported passenger vehicles worth $268 million to the US in three months ended June
Almost every company launched a new product in FY16.
SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.
If financials and oil sectors were removed, India Inc has done quite well.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
Stock markets in structural bull run but there can be bouts of volatility says Ravi Gopalakrishnan, head, equities, Canara Robeco Mutual Fund
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Currently, 40 per cent of the front and back panel of cigarette packs is covered with warnings.
The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.
'Young people are digital natives.' 'Hence, their ability to learn coding and to become a full stack engineer is far more.' 'The demand for such people is more as we feel that if we hire people from campuses, we can train them to become what we want.'
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
Asset financing firms are still witnessing subdued demand and meaningful recovery is likely only in FY16, the report said.
Analysts expect banks with a strong deposit franchise to benefit from SBI's rate cut as they too are likely to follow the leader.
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