Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
The minister also cautioned the social media giant and its CEO Mark Zuckerberg of repercussions under the IT Act in case of any data breach came to light.
Broader gains were capped as investors awaited corporate results from major firms
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
Parekh ensures that he never forgets the importance of correctness.
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
'We believe 2017 could see higher flows from foreign institutions as money comes back to growth markets like India.'
'Vajpayee was predictable in his ways.' 'Modi is a schemer, possessed of a shrewdness that can be rewarding in the chaotic world of politics.' 'His political journey gives reason to believe that 2019 will be another milestone in his private project,' notes Vikram Johri.
Cashless transactions need ubiquitous connectivity, which we don't have. And connectivity needs political and administrative convergence, says Shyam Ponappa.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
The government has hiked foreign investment caps.
'Does the BJP opening up a new assault on Rajiv Gandhi indicate that the BJP's internal calculations are pointing to the election results not going as it hoped, and hence a sign of desperation?' asks Saisuresh Sivaswamy.
Pharma shares extended losses after the government's ban on combination drugs.
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
In UK, France and Germany, the president and CEO of Edelweiss Securities, anticipates votes incrementally in favour of local protection and de-globalisation.
In his first address to the nation, on the eve of 71st Independence Day, President Ram Nath Kovind hailed the government's demonetisation and GST decision.
Rediff readers tell us what their first salaries were.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
Transcript of Nikhil Pahwa's chat with Rediff readers.
It will escalate costs, mandate regulator to check malpractices, set standards.
Given the relative rates of gross domestic product growth, the differential will increase.
Tata, 78, who retired as Tata Group Chairman nearly four years back, justified his return for "maintaining stability and continuity of leadership" and promised to give the group "a world-class leader" when a fulltime boss is appointed.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
Liberalising regulations on satcom technology could attract billions of dollars in foreign investment.
Prime Minister Modi told President Xi that he has made efforts to improve ties with Islamabad but these efforts have been "derailed".
Locations such as Chembur, Ghatkopar, Navi Mumbai and Andheri will be the future growth centres.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
Government is also will also enter into an agreement with Japan for a $50 billion swap.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Draft guidelines for Small Banks and Payments Banks were issued by the RBI in July and comments were invited till August 28.
The 2014 survey, which polled 502 global executives from companies with international presence, showed the majority of respondents were considering increasing their presence in India.
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
A company claims to run ads on Facebook where students are encouraged to provide their details to get help from career counsellors.
'The challenge in India will be reviving consumption/investment.' 'If the negative surprise in earnings is very sharp or lasts longer than March, it can trigger a sharp sell-off.'
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