Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
There are very few people in the world who qualify to be called a living legend. Astad Deboo is one of them.
'How can middlemen disappear as long as our political parties are sucking in massive amounts of black money?' 'There is an old political art well practised in New Delhi -- people create artificial problems and then solve it for you to earn your gratitude for a lifetime.'
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
The bank's profit is buoyed by robust growth in its commercial banking and mortgage businesses.
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
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.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
Indian companies struggle to escape debt burden as profit slows.
A summary of sports events and sports persons, who made news on Monday
'We wanted to explore the divisions in India -- be it class, caste, language, religion or gender.'
The Board of Control for Cricket in India secretary Anurag Thakur on Wednesday said that disbursement of financial grant even in cricket's global body International Cricket Council has always been performance based where the top Test playing nations got more share compared to the associate members.
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
India is Asia's third-best performing equity market.
Check out some of the stocks that will react on the basis of their numbers in the near term.
The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war.
'We think FY18 will end with a 10 to 12 per cent earnings growth, but FY19 will see a recovery to over 15 per cent.'
'Why did your generals try to grab a few square kilometres of Indian territory in Ladakh?' 'And what happened to the hard work that you and Prime Minister Modi put into the Wuhan and Mamallapuram meets?' Claude Arpi writes a letter to Xi Jinping, China's self-styled supreme leader, who turns 68 today, June 15.
Scheduled to be completed in 2016, the 4.94 km rail-cum-road bridge, India's longest bridge, will come up across the mighty Brahmaputra at Bogibeel in Assam. It is not only expected to be a lifeline for the Northeast, but will also strengthen the country's security.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Stock prices is due to valuation expansion
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
Monsanto has taken the government to court over the royalty.
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
With the lockdown extended till May 3 to stem the spread of the coronavirus, the little money daily wagers had is mostly gone and so is hope.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
India likely to overtake China on strong GDP growth.
'Where in the world you get 12.5 per cent return of interest?'
With an eye on the Olympics, the India hockey team skipper Sardar Singh said that the upcoming tournaments like Sultan Azlan Shah Cup and Champions Trophy will serve as important preparatory events in the run-up to the Rio Games. Sardar said while the immediate aim is to win a gold in Sultan Azlan Shah Cup at Ipoh from April 6-16, the larger goal is to come up with a medal-winning show in the Champions Trophy, to be played in London from June 10-17.
Rediff readers share their interesting stories about the first salary and what it taught them.
If allowed to go unchecked, this addiction can wreck you financially as well as emotionally.
'Helicopter drop' was first proposed as an alternative to quantitative easing.
'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
Bhagwati reminded Modi that the US system was driven by lobby groups and India needed to voice its concern over the anti-outsourcing sentiment in the US
'They know that India is no pushover.' 'We have to be extremely vigilant, remain ready and keep strengthening our positions.' 'We have to be militarily strong, whatever be the cost.'
'We will be voting keeping in mind the brunt we bore because of demonetisation and high GST rate'
Can you help this Indian achieve aviation history?
With telecom disruptor Reliance Jio not raising tariffs, incumbents Bharti Airtel and Vodafone Idea are focusing on the minimum monthly recharge and higher first recharge offers to ensure they retain only loyal and revenue-incremental subscribers, reports Romita Majumdar.
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