The agency has also retained 'stable' outlook for the country's ratings.
The loss of income has severely dented the loan repayment ability of small borrowers
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
Volatility is part and parcel of stock market.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
According to the report by the global financial services major, the FY2013-14 CAD is expected to be within $36 billion or 2 per cent of GDP, and this fiscal year CAD is likely to be slightly higher but contained at 2.3 per cent of GDP.
Brokerage firm Ambit Capital has cut FY17 growth estimate to 3.5 per cent from 6.8 per cent and saaid there was even a possibility of growth contracting during the December quarter
Flipkart will need $2 bn annual profit to make Walmart investment viable, which will mean yearly revenue of $100 bn
US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.
The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.
Some of the sops being offered to rope in new clients and retain the existing ones are cashbacks, reduced fee, and customised consultancy for clients.
In our case, the reason for this downward revision of guidance is because there are clients where we have had one time hits because of ramp-downs and things like this, says the Infosys CEO.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Despite low tariffs, voice usage is not growing.
A four-member panel of secretaries is likely to submit its report on a new gas pricing mechanism to the government by Wednesday.
Analysts expect structural risks such as risk to voice revenues, steep correction in data realisations, capex spend and rise in churn and subsequent increase in costs to continue in the medium term
Other private banks also planning to employ bots soon
Private participation remains lacklustre.
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
Analysts believe making mobile data more affordable will fuel mass market adoption of data services
Index heavyweights ITC was the top gainer along with RIL and HDFC
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
Financial shares were among the top gainers with HDFC leading the gains.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
The rupee is expected to remain volatile in the new financial year.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
UBS said RIL's $10 billion petchem capex by 2016 will drive 12 per cent volume CAGR.
Analysts expect robust earnings growth from the financial sector.
Telecom and petchem businesses will drive growth for RIL.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Officials cited the example of the Sixth Pay Commission.
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