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
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
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.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
'The Budget targets are achievable, but they require continued discipline and that the government sticks with the efforts to cut red tape and make business in India more efficient.'
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
HUL, the country's largest FMCG company, saw sales volume fall by 4% for the December quarter.
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.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
'Trust a fund manager, buy some small-cap funds and stay invested.'
Gross refining margins may decline sequentially but improving petro-chem margins will boost earnings
A market correction is a good time to reassess the quality of your portfolio and purge the poor quality names from it, says Ramesh Bukka
Macro and micro environment are becoming more challenging.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
Five stocks - Havells, NCC, Suzlon, Blue Star and Crompton Greaves look most attractive after the recent course correction.
Gains were led by index heavyweights Reliance Industries and Infosys.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
But splitting management bandwidth by investing in non-core businesses will not be appreciated by the market in the long run.
Some airlines, says Anjuli Bhargava, are convinced there's a conspiracy to malign them.
With the government's focus on environment-friendly fuel, Indraprastha Gas, Mahanagar Gas and Suzlon's earning prospects look bright
Consensus continues to be cautious with analysts pointing towards tougher days ahead
Royal Enfield sees its scale and dominant market share as adequate buffers against Bajaj's recent challenges, says Ajay Modi.
'The challenge in India will be reviving consumption/investment.' 'If the negative surprise in earnings is very sharp or lasts longer than March, it can trigger a sharp sell-off.'
India gets its first basmati billionaire family. The promoter family of KRBL reaps gains from high demand for basmati in India and overseas. The company had a stock of 300,000 tonnes of rice as of September 30.
While the Budget might have been a sentiment booster for the sector, firms with market dominance emerge as favourites.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
Wonder why corporate India is showering dividends?
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
'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.'
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Investors turn their attention to export-driven sectors.
Corporate indebtedness is now twice what it was before the global financial crisis; banks' bad loans ratio is 3.5 times higher.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
'India is likely to do better than other emerging markets.'
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