The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
In the last 3 months, rupee has depreciated 16% against dollar.
'Vaccination is very important for an economy to start functioning properly.'
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
The earlier government was blamed for non-performance, the current one will be rightfully blamed for mismanagement
There are also signs that the private sector investment cycle is slowly coming back, as capacity utilisation figures across industry continue to slowly creep up. A pickup in investments will front load profitability, says Akash Prakash.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
The global economy may just be entering a new phase.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
The company's net profit was Rs 5,972 crore in the same period of 2014-15 fiscal.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
Foreign portfolio investors were net buyers in equities to the tune of Rs 119 crore, as per provisional stock exchange data.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
'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.'
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
The RBI must cut rates to spur growth, say experts.
Through the past 12 months, the Bank Nifty has risen 55%
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
Data also show that several other leading domestic pharma companies have recalled their products from the US
'The outlook for private investment, which has been such a weak link for India for so long, remains challenging.'
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Investors booked profits in recent gainers
Large and small businesses alike have delivered low-key performances.
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
It's the second time Nasscom has projected single-digit growth in a decade.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
If Amit Shah is likely to take to the home ministry like a duck to water, Nirmala Sitharaman's handling of finance will show whether she will justify the confidence which Modi has placed in her.
