Chinese alumina refining and metal smelting technologies have emerged as a match for the best anywhere in the world. In fact, Vedanta and Hindalco have bought technologies from China. Our aluminium makers will be haunted by twin fears of rising imports and low metal prices squeezing margins over a long time.
Income velocity based on currency with the public went down from 0.93 in October to 0.84 in March says a report from SBI's economic research department
Recpaitalising banks through taxpayers' money will not solve the NPA problem.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
It aims to grow gross merchandise value to Rs 19,000-25,500 crore.
Prime Minister's Economic Advisory Council Chairman C Rangarajan dashes bullion firms' duty cut hopes.
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
The bad loans of public sector banks were at 4.4 per cent in March 2014 compared with 2.09 per cent in 2008-09, it said, adding, the gross NPA increased by almost four times from March 2010 (Rs 59,972 crore or Rs 599.72 billion) to March 2014 (Rs 2,04,249 crore or Rs 2,042.49 billion).
E-commerce company Snapdeal expects its furniture segment to reach a gross merchandise value (GMV) of Rs 1,000 crore.
After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, its chief,
FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.
The GST Network's chairman Navin Kumar speaks to Dilasha Seth and Indivjal Dhasmana on various aspects of the new tax regime.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
Most of Flipkart's business came from consumer electronics.
HCL Tech is confident of sustaining margins in FY15.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
The spurt in online sales during the festival season is expected.
Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors.
Currently, India recycles around 300 of the 1,000 ships which are demolished per annum globally. However, countries like Japan, Europe and the US were not sending their ships for recycling to India in the absence of ratification of a global convention. That scenario is set to change with the Recycling of Ships Act, 2019.
HCL Technologies on Tuesday reported a 3.6% increase in net profit at Rs 1,683 crore (Rs 16.83 billion) for the quarter ended March 31, 2015.
Proceeds will be utilised to expand company's hyperlocal shopping services to over 50 cities
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
The Cabinet approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail of a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.
DoT plans to initiate move that might lower the revenues telcos share with government.
Tax Guru Anil Rego answers your personal income tax queries.
IT services firm HCL Technologies on Thursday reported a 14.4 per cent increase in net profit at Rs 1,926 crore (Rs 19.26 billion) for the quarter ended March.
The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
'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.'
Tax Guru Anil Rego answers your personal income tax queries.
While the positive surprise has been the high growth in agriculture, the negative surprise is in the trade, transport, hotels segment where growth came lower than expected, says Madan Sabnavis.
Take part in the growth story, Amit A Shah tells Corporate India.
By value, however, electronic goods still account for a large portion of gross merchandise
This change will come into effect from April 1.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
He also praised PM Modi for his leadership and said that it is the best time for both the countries to work together.
'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.'
Alibaba in talks to invest up to $700 million in Snapdeal
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