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.
Reliance Industries shareholders will have to pay only 25 per cent for subscribing to the company's mega Rs 53,125-crore rights issue, and the balance will have to be paid in two instalments in May and November next year, the company said.
Since UK referendum outcome to exit European Union last Friday, 32 companies have hit record highs.
Why should India buy olives from Europe when it could do so from the world's largest producers?
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
As Indian IT service entities mature into multi-billion dollar organisations employing thousands, the pressure has increased on them from clients to identify and solve customer problems than working on predefined parameters.
Rs 1,000 now buys $13.5 against $14 a year ago.
Maruti Suzuki India (MSI) plans to drive in CNG trims across its product range as it remains bullish over long-term prospects of the segment amid increase in fuel prices and drop in diesel car sales, according to a senior company official. The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products. Bullish on the expansion of the sales network, the automaker expects its CNG car sales to almost double this fiscal year over 2020-21.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
In spite of a severe second wave of the coronavirus pandemic, and a widespread disruption in public life therefore, India's fast-moving consumer goods (FMGC) sector seems to have emerged as one of the most resilient segments of the economy. The early numbers and estimates for the April-June quarter indicate a steady recovery in FMCG players' business, which is now set to exceed the pre-pandemic level. Amid nationwide lockdowns because of the first Covid wave, FMCG revenues had been severely affected in mid-2020.
Search is on for reliable indicators of underlying activity.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
The move comes days after the Indian Navy also warned of a possible terror attack from the sea side.
The Union Cabinet on Wednesday decided that 10 per cent of the government's stake in Coal India Ltd would be sold. Similarly, the sale of five per cent of its stake in ONGC and 11.4 per cent in the hydropower public-sector unit, NHPC, has been cleared.
Reliance Industries on Friday reported more than doubling of its March quarter net profit to Rs 13,227 crore as improvement in petrochemical and consumer business countered continued weakness in refining business.
Oil and Natural Gas Corp, which had last year firmed up an investment of Rs 34,012 crore (USD 5.076.37 billion) in bringing to production 10 oil and gas discoveries in its Bay of Bengal block KG-DWN-98/2 (KG-D5), plans to invest another Rs 21,528.10 crore (USD 3.2 billion) in developing the ultra-deepsea UD-1 find.
Nirmala Sitharaman is proving to be a better finance minister than her initial rookie status might have led people to expect, observes T N Ninan.
'The government and railways are looking after us, but I just want to get home.'
Corporates understand that the PMO drives all key decisions in this government.
All these companies were provided loans by PNB as part of consortium lending.
We take a look at India's major imports and exports with Japan in recent years.
Make in India and Swacch Bharat initiatives are going to have tremendous impact on the Home and Personal Care industry.
'Gwadar has the potential to facilitate PLAN's operations in the Arabian Sea and Indian Ocean.' 'Reports of China setting up electronic eavesdropping posts at Gwadar to monitor US and Indian naval activity and shipping traffic through the Straits of Hormuz and the Arabian Sea lend credence to this,' says former RA&W officer Jayadeva Ranade.
Non-vegetarian food has been dropped from the menu of the National Museum's week-long exhibition-cum-event on India's culinary history, Historical Gastronomica, due to an "unwritten policy" based on "sentiments", a senior official of the museum said on Thursday. The organisers came under fire after the event's menu comprising non-vegetarian dishes was put up on the museum's website. Shortly afterwards, it was decided that only vegetarian food would be served at the exhibition which will be on till February 25. The food event is being organised jointly by the National Museum, the ministry of culture and One Station Million Stories (OSMS), a private firm.
Airfares in Indian market are unsustainable, says a senior Boeing official.
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
The government-owned Oil and Natural Gas Corporation, Cairn India's partner in the Barmer block in Rajasthan, is closely scrutinising the stake sale in Cairn India by Cairn Energy.
'I have personally been very keen on investing in lithium ion battery technology for some time.'
ONGC Videsh Managing Director Ranbir Singh Butola was selected to head Indian Oil Corp, the nation's largest refining and fuel marketing firm.
India should remember that Pakistan-Saudi Arabia relations will remain special due, not least, to bonds of all Muslims with The Holy Land. They would also be strategic enough, irrespective of whether the ambassador is a military man or a career civilian appointee., notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
The Bharatiya Janata Party-led state government is acquiring groundnut at Rs 4,500 per quintal; the market price is Rs 3,500 per quintal
The fast-growing, high-margin branded spices business is turning out to be an interesting growth opportunity, which to an extent was reflected in the Sunrise-ITC deal, with multiple parties from PE to strategic players joining the fray.
Jaya is a woman of steel in the truest sense of the word. Despite being the first lady of filmdom, she's as real and rooted to the ground as anyone can get, notes Subhash K Jha on the actor-politician's 74th birthday.
India's numbers have shown a reasonable amount of improvement.
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
The post fell vacant after the government refused Subir Raha an extension at the helm of the company after his first five-year term expired in May.\n\n
This is good news for the central government at a time when crude oil prices are rising.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
