Duty cut on raw material imports are not likely.
Historically, the IIP performance has shown little or no correlation to corporate performances.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
Modi, who was elected in May with a mandate to provide jobs and economic growth, has seen his reform agenda stymied by controversial statements by lawmakers in his party
The GST Council, headed by Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union territories, will have its 37th meeting in Goa against the backdrop of economic growth hitting a six-year low of 5 per cent in the first quarter of the current fiscal.
Piyush Goyal emphasised that India is committed to pursue a green path to growth.
The US economy added 160,000 jobs in April, extending the longest streak of private-sector job growth on record.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
Valuation-wise, the markets look more attractive now
.jpg)
Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
Improved performance of manufacturing, services and trade sectors helped boost GDP
Industry chamber Federation of Indian Chambers of Commerce and Industry said the Reserve Bank of India should intervene and cut interest rates.
Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors
Gross NPAs of public sector banks were Rs 41,378 crore (Rs 413.78 billion) in March 2006, which came down to Rs 38,305 crore (Rs 383.05 billion) in March 2007 because of better economic environment.
'Given all the linkages, the monthly registration data for new vehicles, may well be the single most accurate indicator of India's economic health,' points out Devangshu Datta.
The revision was announced before Indian markets opened on Thursday.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
Overall gross import of rough diamonds between April to November 2019 has shown a decline of 17.24 per cent to $8.55 billion from $10.34 billion registered during April to November 2018. This is one of sharpest fall in import of diamond in India in last one decade.
In the December quarter, Sensex earnings had contracted 5 per cent.
Yes Bank was the top loser in the Sensex pack cracking 6.51 per cent, followed by SBI, Axis Bank, Vedanta, Sun Pharma, ICICI Bank, IndusInd Bank, ITC, Infosys and Tech Mahindra, shedding up to 3.69 per cent.
Aim of the project is to boost manufacturing on a sustainable basis and through it, overall economic growth.
Coal, electricity and cement production in particular, along with an uptick in demand for India's products abroad, are also expected to have contributed to overall factory output growth in September.
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.
Investors turn their attention to export-driven sectors.
HDFC Bank's 12-month forward price-to-book ratio is estimated to be the highest among 166 large and mid cap banks in Asia Pacific.
Trade, transport and hotels form a major part of the country's GDP and these sectors were crippled by the strike
Revenues of Indian companies, excluding those engaged in banking and oil, are expected to grow marginally at 5-6 per cent in the first quarter of this fiscal.
Sitharaman exhorted the states to work together with the Centre, stating that while the Union government sets the direction of economic growth, it is for the states to ensure effective implementation on the ground.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
India's economy had recorded a subdued growth of 4.7 per cent in the April-June quarter of the last fiscal, 2013-14.
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 2.4 per cent against a growth of 4.1 per cent in December 2014.
Jaitley said the government has created transparent environment.
IT and pharma companies again save the day; mask pain in domestic consumption.
The automobile segment is our preferred area, and old favourites such as Tata Motors, Bajaj and Maruti Suzuki continue to entice us.
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
