The Central bank primarily factors Consumer Price Index while deciding on policy rate.
The new restriction will be challenging for businesses, as they will have to do regular follow-ups with their suppliers.
Sitharaman said, public private partnership to be unleased to develop rail infrastructure.
The government on Saturday issued a notice to Twitter giving it one last chance to 'immediately' comply with the new IT rules and warned that failure to adhere to the norms will lead to the platform losing exemption from liability under the IT Act.
Salary hike isn't enough anymore, it's time for stock options, promise of deferred entrepreneurship and much more.
While the market regulator's recent note on portfolio management schemes has kicked up a storm, that is not the only pain point for businesses, says N Sundaresha Subramanian.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
'Indices will remain range bound in 2022 as earnings catch up with the current multiples.'
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
If Reliance has to pay about one percentage point more for short-term money, the bond market could be out of bounds for many lower-rated firms after some time.
Devas Multimedia has seized $87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a $1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday. Devas Multimedia America Inc had sought seizure of $145,000 but the actual recovery was $87,457.47 (a little less than Rs 70 lakh). This came after it secured a favourable order from the Eastern District Court of Virginia, Matthew D McGrill said.
A look at the financials of some of the key companies in the Sasikala clan's business empire.
CII said working capital limit enhancement should be accompanied by relaxing norms related to collaterals.
For debt-laden companies, asset sales is an obvious solution.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
'Markets are factoring in a good show by India Inc in Q2.'
Inflation dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
Industry bodies said the decisions will help attract much-needed capital, create jobs, encourage collaboration and benefit cash-starved small and medium enterprises.
Showing signs of recovery, industrial production grew at 4.7 per cent in May, the highest since October 2012, on account of improved performance of manufacturing, mining and power sectors and higher output of capital goods.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
India Inc has expressed strong displeasure over the Delhi government's decision to withdraw approval to FDI in multi-brand retail, saying the move was likely to hinder foreign investments flowing into the country.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit.
Max Verstappen was named the 2022 Laureus Sportsman of the Year while Olympic sprint champion Elaine Thompson-Herah bagged the top women's honour
In order to boost growth amid some softening of inflation, RBI earlier this month cut the key interest rate by 0.25 per cent. It is scheduled to announce its mid-quarter policy review on June 17.
Equity indices overcame a wobbly start to clock gains for the third session on the trot on Tuesday, propped up by banking, metal and energy stocks amid a mixed trend in global markets. A recovery in the rupee also bolstered sentiment, traders said. The 30-share BSE Sensex advanced 246.47 points or 0.45 per cent to settle at 54,767.62 after starting the trade on a weak note. In a volatile session, the benchmark hit a high of 54,817.52 and a low of 54,232.82 during the day.
In an online poll conducted by Time magazine for its readers WikiLeaks founder Julian Assange has beaten the likes of United States President Barack Obama and Apple Inc CEO Steve Jobs to be nominated as 'Person of the Year'. Here's a list of 2010's top 10 personalities.
The TMC, which is keen to leave a mark in its outing in Goa, had suggested a broad alliance but not much has moved on the proposal due to competing interests and apparent lack of faith between the opposition parties.
Indian CEOs might like to make some serious course correction.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
India Ic has pulled up its socks to perform even better in FY16.
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12.
India is world's third-largest smartphone market with over 100 million smartphones sold last year.
It is going to be an exciting month on the OTT platform in June, as there is a lot of variety in store.
Companies that have a net worth of at least Rs 500 crore, a turnover of Rs 1,000 crore or a net profit of Rs 5 crore are required to spend 2 per cent of their net profits on corporate social responsibility programmes.
The BCCI will float tenders for IPL's media rights for the 2023-27 cycle as early as the coming week and complete the e-auction in two months.
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