News for 'FY19'

Traders lose lakhs as tech glitch hits Zerodha, India's largest broker

Traders lose lakhs as tech glitch hits Zerodha, India's largest broker

Rediff.com30 Aug 2019

This is not the first time that users of Zerodha clients have faced technical issues. As recently as February, 2019, the platform faced a connectivity issue that led to a pile-up of orders.

What Budget has in store for regional rural banks

What Budget has in store for regional rural banks

Rediff.com27 Jan 2021

RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.

New technology adds zing to Indian Railways

New technology adds zing to Indian Railways

Rediff.com4 Mar 2020

Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.

Budget 2021: Gross tax revenues likely to get back on track in FY22

Budget 2021: Gross tax revenues likely to get back on track in FY22

Rediff.com23 Jan 2021

While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.

How Spencer's plans to turn around Natures Basket

How Spencer's plans to turn around Natures Basket

Rediff.com16 Jul 2020

The numerous integration measures have led to savings in areas including supply chain, technology, inventory management, and marketing.

Economists worried over fiscal stimulus, urge RBI to cut rate

Economists worried over fiscal stimulus, urge RBI to cut rate

Rediff.com3 Jun 2019

Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.

Wipro Q4 net slips 6% to Rs 2,345 cr; suspends revenue guidance

Wipro Q4 net slips 6% to Rs 2,345 cr; suspends revenue guidance

Rediff.com15 Apr 2020

Wipro posted a 4.6 per cent rise in revenue at Rs 15,711 crore in January-March quarter compared to Rs 15,006.3 crore in the year-ago period.

10 stocks most likely to make investors RICH!

10 stocks most likely to make investors RICH!

Rediff.com11 Feb 2019

From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.

Sun Pharma's Dilip Shanghvi takes 99% pay cut

Sun Pharma's Dilip Shanghvi takes 99% pay cut

Rediff.com2 Aug 2019

As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.

Post sale of Future group, Biyani will keep home retailing biz going

Post sale of Future group, Biyani will keep home retailing biz going

Rediff.com11 Sep 2020

Future's home retailing interests, including furniture and furnishings, are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail.

ICICI Bank Q4 consolidated net profit up 2.45% at Rs 1,170 crore

ICICI Bank Q4 consolidated net profit up 2.45% at Rs 1,170 crore

Rediff.com6 May 2019

The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.

RBI may take dovish stance in February policy

RBI may take dovish stance in February policy

Rediff.com16 Jan 2019

A Kotak research report expects RBI to cuts rates by 50 basis points in the first half of 2019. RBI will announce its sixth bi-monthly monetary policy on February 7.

Why a weak rupee is good news for Indian IT companies

Why a weak rupee is good news for Indian IT companies

Rediff.com30 May 2018

According to analysts, IT firms like Infosys, TCS and HCL Technologies are likely to benefit the most on account of larger US exposures and dollar billing.

Why IT firms are riding high!

Why IT firms are riding high!

Rediff.com22 Jan 2019

From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.

Colgate's investors will have to wait a while to get their smile back

Colgate's investors will have to wait a while to get their smile back

Rediff.com7 Jul 2019

Analysts expect Colgate's overall volume growth to remain in single digits (around 5-6 per cent) for the next two years.

Local HNIs, FIs keen to invest in Yes Bank

Local HNIs, FIs keen to invest in Yes Bank

Rediff.com12 Mar 2020

The bank may post a loss of Rs 1,000 crore during October-December 2019-20 quarter, an analyst commented.

Nirmala Sitharaman's first Budget puts brakes on some funds for states

Nirmala Sitharaman's first Budget puts brakes on some funds for states

Rediff.com10 Jul 2019

Nirmala Sitharaman has designed the revenue mix in such a way that while Centre's share in taxes would grow a massive 25 per cent, states' share would grow a dismal 6 per cent.

US major PayPal set to launch UPI-based digital payments in India

US major PayPal set to launch UPI-based digital payments in India

Rediff.com3 Mar 2020

Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.

Crisil sharply cuts FY20 GDP forecast to 6.3%

Crisil sharply cuts FY20 GDP forecast to 6.3%

Rediff.com5 Sep 2019

Elaborating on its not-so-pleasing outlook on the economy, Crisil said private consumption demand, which has been the bulwark of growth for the last few decades, grew by a pale 3.1 per cent in the first quarter as against 7.2 per cent growth in the preceding quarter.

Bank fraud touches Rs 71,543 cr in 2018-19: RBI annual report

Bank fraud touches Rs 71,543 cr in 2018-19: RBI annual report

Rediff.com29 Aug 2019

Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.

Have banks passed on the benefits of RBI's rate cut?

Have banks passed on the benefits of RBI's rate cut?

Rediff.com11 Jun 2019

In the last three years, public sector banks have responded to the RBI's policy rates more strongly than private banks.

Fiscal deficit to balloon to 7.9% in FY21: Report

Fiscal deficit to balloon to 7.9% in FY21: Report

Rediff.com14 May 2020

The government Rs 20 lakh crore package includes Rs 1.7 lakh crore of fiscal stimulus announced in the first phase, Rs 5.6 lakh crore stimulus provided through various monetary policy measures and Rs 5.94 lakh crore through the second phase, implying Rs 6.70 lakh crore package is still to be announced.

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

Rediff.com13 May 2020

The government hopes to use this data to assess the extent of financial support needed to recover from the pandemic.

EV journey to begin with hybrid technology in India: Honda

EV journey to begin with hybrid technology in India: Honda

Rediff.com26 May 2019

The company aims to follow the government's push for environment-friendly vehicles by driving in models with green technologies.

Why liquidity will remain constrained till March-end

Why liquidity will remain constrained till March-end

Rediff.com18 Feb 2019

Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.

Biggest challenge facing Modi 2.0

Biggest challenge facing Modi 2.0

Rediff.com24 May 2019

The incoming government will have to encourage private investments, bring down cost of capital

Govt wants Rs 10,000 cr interim dividend from RBI to bridge fiscal gap

Govt wants Rs 10,000 cr interim dividend from RBI to bridge fiscal gap

Rediff.com31 Jan 2020

This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.

Tamil Nadu: In debt, state faces pressure to implement pay hike

Tamil Nadu: In debt, state faces pressure to implement pay hike

Rediff.com8 Jul 2016

This time, five states, including Tamil Nadu, have requested the Centre to delay the pay hikes.

What does India export the most to China?

What does India export the most to China?

Rediff.com14 Jul 2020

Though the government has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, India's top exports to China remain in the raw materials category.

Direct tax collections from Mumbai dip 13%

Direct tax collections from Mumbai dip 13%

Rediff.com21 Jan 2020

It had declined by slightly over 4 per cent in December. The city contributes 37 per cent to the total direct tax revenues. If the trend continues, it could affect the Budget estimates of Rs 13 trillion for the current fiscal year.

Delta returns to India; to fly non-stop between New York, Mumbai

Delta returns to India; to fly non-stop between New York, Mumbai

Rediff.com2 May 2019

Delta said the airline will operate a Boeing 777-200 LR aircraft with a three-class configuration on the route and will offer passengers wi-fi connectivity and free mobile messaging.

'We have a 40,000 year-end Sensex target'

'We have a 40,000 year-end Sensex target'

Rediff.com8 Feb 2019

2019 appears a story of two halves for Indian equities - a more difficult first half might precede a stronger second half, said Abhiram Eleswarapu, bottom, left, Head of India Equity Research, BNP Paribas in an interview with Ashley Coutinho.

What makes this loss-making steel co so attractive?

What makes this loss-making steel co so attractive?

Rediff.com14 Apr 2021

India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.

Budget 2019: With subsidy bill rising, Sitharaman banks on oil price dip

Budget 2019: With subsidy bill rising, Sitharaman banks on oil price dip

Rediff.com6 Jul 2019

More than half of the total subsidy provisioning, amounting to 54 per cent, is going towards food subsidy, which is estimated at Rs 184,220 crore for 2019-20 - a 7.5 per cent increase over the revised estimates for 2018-19.

Share of investment in GDP to hit all-time low in FY20

Share of investment in GDP to hit all-time low in FY20

Rediff.com8 Jan 2020

In fact, India's investment activity growth is also estimated to touch a 17-year low in FY20. With overall demand not showing signs of revival, investment activity may take longer to recover, economists said.

Lupin sells Japan arm to Unison for Rs 3,702 cr

Lupin sells Japan arm to Unison for Rs 3,702 cr

Rediff.com12 Nov 2019

The company will now focus on specialty products in Japan; it is open to inorganic opportunities, especially in India.

Yet another sign that economy is in bad shape

Yet another sign that economy is in bad shape

Rediff.com11 Sep 2019

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.

Online ticket sales a bonanza for multiplexes

Online ticket sales a bonanza for multiplexes

Rediff.com31 Oct 2019

Revenue from convenience fees has grown at a compound annual rate of 85 per cent for multiplex chain operator Inox Leisure and 58 per cent for PVR.

To protect investors, Sebi mulls tighter MF norms post-Karvy

To protect investors, Sebi mulls tighter MF norms post-Karvy

Rediff.com24 Dec 2019

Exchanges will have to facilitate a more direct interface between clients and the clearing corporation, bypassing intermediaries such as brokers, under this new proposed framework.

How TCS employees can become eligible for higher pay package

How TCS employees can become eligible for higher pay package

Rediff.com22 Oct 2019

Campus recruits can also aim to double the existing entry level package by proving their skills through the TCS national qualifier tests.