Brokerages have cut the company's FY16 earnings estimates between 16% and 29% with target prices too coming down to the Rs 700-800 band
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
'Investors hate uncertainty and the demonetisation move certainly creates that.'
New series points to a sharp recovery since FY14.
Inflation is estimated to be around 8 per cent in FY15 and is likely to decline further towards 6.5 per cent in FY16, Citigroup said.
Markets now expect the Fed to normalise rates gradually.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
Financials were the top losers after sharp gains in the previous session along with ITC
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
According to the global financial services major, following two years of sub 5 per cent growth, India's GDP is expected to be around 5.6 per cent in 2014-15 and around 6.5 per cent in 2015-16.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
With two top exits and uncertainty on growth strategy, Jubilant is likely to remain under pressure
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
Vishal Sikka reiterates infy's commitment to surpass sector growth rate in FY17, be a $20-bn revenue firm in CY2020.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Avenue Supermarts, which runs D-Mart, posted a 47 per cent jump in net profit in the March quarter and its revenue and operating profit went up 41 per cent. The company's chief executive and managing director, Neville Noronha, talks to Raghavendra Kamath about strategy.
The finance minister may stagger some of the recommendations.
The government has promised to keep the deficit at 4.1%
The budget has strong growth impulses and response of the economy is positive.
Macro and micro environment are becoming more challenging.
'Customer expectation and need was quite limited when we started in 2013.' 'Now the expectation is little more and a lot of hard work is needed again.'
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Some airlines, says Anjuli Bhargava, are convinced there's a conspiracy to malign them.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
With the government's focus on environment-friendly fuel, Indraprastha Gas, Mahanagar Gas and Suzlon's earning prospects look bright
Bihar expects transfers from the Centre to grow 28 per cent in 2016-17.
Infosys' chief executive officer and managing director Vishal Sikka says despite a healthy guidance, he can't say if this would be 'industry leading'.
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