Shekhar Bajaj, chairman and managing director of the firm, explains to Viveat Susan Pinto on what led to this sales jump, besides throwing light on the benefits accruing to the sector on account of the GST rate cuts in appliances.
S Naren of ICICI Prudential says long-term investors needn't worry.
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
V-Mart, Manaksia, Whirlpool Global and few other companies posted better third-quarter results.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
To promote localisation of manufacturing and reduce its import bill, the government increased basic customs duty on mobile handsets - from 10 per cent to 15 per cent.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
Analysts say there is still no visibility of earnings improvement.
It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
RIL, according to Goldman, offers the best downstream exposure in the Asian oil sector with its high quality asset base, diversified product portfolio, efficient management of inventory valuation swings and ability to fund large organic expansionary capex without taking on debt.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
FBT was an unpopular tax and withdrawn before the General Elections in 2009
Big bull's holdings cross Rs 7,200 crore (Rs 72 billion).
Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to rising NPAs of banks, along with demonetisation were mainly responsible for dampening growth, he said.
The real estate sector presents a daunting picture with revival prospects appearing to be bleak.
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
The Federal Reserve must now ensure that higher inflation doesn't derail the US recovery.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
An obscure Indian bank has been an unlikely beneficiary of Western sanctions against Iran, handling billions of dollars from frozen oil payments that boosted its interest margins, but is now having to prepare itself for life after the windfall.
Need for much more investment; sector would like govt help
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
'Any conventional conflict could trigger a nuclear war with results that neither India nor Pakistan could survive easily.' >A revealing excerpt from Shuja Nawaz's The Battle For Pakistan: The Bitter US Friendship And A Tough Neighbourhood.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
'The entire government-owned banking system (excluding SBI) is now in the red.' 'But worse is to come,' warns T N Ninan.
It hopes to turn around Ranbaxy within four years of closing the deal by improving efficiency and resolving all regulatory issues
The fall in reserves was due to a sharp fall in foreign currency assets.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
The chain readies to expand its footprint as Bharti focuses on its retail venture.
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