The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Industrial ouput, however, was seen falling 0.6 per cent in January
One popular strategy is to hire contract workers.
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
The new national income numbers produced by the Central Statistics Office (CSO) have elicited two kinds of reaction.
Economics and politics both have major roles in determining oil prices.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
The central bank measures though are also taking a toll on the banking sector, which is heavily reliant on short-term money markets for capital.
TCS had earlier this week announced that it too would be hiring less number of freshers.
'India is still hierarchical, but not as much as Japan and people appreciate a flat working culture,' Charles Frump, managing director, Volvo Cars India, tells Pavan Lall.
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In India, the need to find a solution for the jobs problem is perhaps even more urgent considering the oft-quoted number of a million young people arriving every month looking for jobs.
'Businessmen like Rajiv render public service when they speak truth to power,' observes Virendra Kapoor.
Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries.
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
Oil prices dipped on Wednesday as the market prepared for a gradual increase of Iranian exports into an already oversupplied market from 2016.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Anticipation of weak sales this festive season due to deficient monsoon, especially outside big cities.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
China is on the lookout for investment pastures where its money is welcome, safe and earns a decent return. India also needs vast investment - about $1 trillion over the next 10-15 years - in infrastructure, green energy, transportation and heavy industry, says Ravi Bhoothalingam.
'You need to devalue the currency, ignite inflation, which then begins to oil the wheels of the economy.' 'Without that this severe recession is not going to reverse.'
Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
Govt may not announce any new concessions in excise duty
'The government has said it has kept its powder dry to fight the true battle against the debilitating influence of the pandemic.' 'The release of the shocking economic data this week should act as the fuse for using that powder now.' 'Further delays will make the battle that much harder,' notes Shreekant Sambrani.
Businesses across the world consider efficient delivery of shipments to be a growth driver, and IoT-based start-up Roambee fills this need with real-time reports to businesses using tracking data.
The flow of economic news suggests that "good days" are not here as yet.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
RBI is expected to slash rates by 150 basis points till end-December 2016.
Happiest Minds expects revenue to touch $100 mn in 3 years, the fastest in India's tech services sector.
An old consumer electronics warhorse looks to leverage its past.
Companies bank on festive season to beat slow market blues
Non-metro routes get 73 per cent of its flyers -- a factor that has earned it double-digit share with only 19 planes.
'Vajpayee used to consult the Opposition; Indira Gandhi used to consult the Opposition. Which khet ki mooli is Modi?'
Enabling labour to become more globally mobile can produce higher remittances with powerful 'brain gain' dividends.
'We have to stop thinking about GDP and look at the impact on output and unemployment.' 'And that is not going to be insignificant.'
Niraj Bhatt discovers how a CFO 'without a finance background' made it to the corner office at TCS.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
