India Inc's cash pile was up 13.8 per cent last fiscal year, thanks to a combination of higher profits in sectors such as IT and fund raising by top companies such a Reliance Industries, Bharti Airtel and Tata Motors, among others.
IOC chief said he believed more than 80 per cent of residents of the Olympic Village would be vaccinated or booked for vaccination ahead of the Games
The high court pointed out that only an interim RGO was appointed by Twitter and a wrong impression was given to the court on May 31 as it was not informed that the appointment was on interim basis.
'Birla only made representations to then PM for coal blocks allocation.'
'The government is trying to kickstart the investment cycle in India and while the corporate investments are yet to gather momentum, there are early signs of the same.'
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate (ED) has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. When contacted, Flipkart said it is in compliance with Indian laws and regulations, including FDI regulations.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
A dominant force in the country's politics for decades, the grand old party's free fall continued as it lost Punjab to AAP and finished with just two seats out of 403 in the politically crucial state of Uttar Pradesh.
These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt. Investment in infrastructure projects with high multiplier effect has been the Centre's main plank to revive the economy, create employment and boost consumption.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
Whenever you think of Microsoft, the only name that crosses one's mind is Bill Gates. But the tech behemoth was co-founded in 1975 by Gates and Paul Allen.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
Expressing serious concern over some social media platforms not being able to trace the originator of a message or an online content, a bench of justices Deepak Gupta and Aniruddha Bose said the government must step in now.
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
In a communication to the empowered committee on PLI recently, the Indian Cellular & Electronics Association (ICEA) has stated that except one player (Samsung), all the other eight players (which include vendors of Apple Inc) selected under the scheme were facing numerous challenges in fulfilling the qualification criteria.
Netflix is reminiscent of Star TV in the 1990s: Very Western in its gaze, very expensive, and clueless, notes Vanita Kohli-Khandekar.
The Biden administration had been under pressure to send the excess COVID-19 vaccines with the US to nations like India, which are facing severe vaccine shortages.
Indian companies are already facing a margin squeeze, with operating profit margins and net profit margins in the fourth quarter of the last financial year shrinking by 44 basis points each year-on-year.
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
India Inc is encouraged by a determined Budget.
Direct investors should stagger their investments over 1-2 months.
Govt wants domestic production so as to save foreign currency.
Several airlines, hotels, travel and tourism companies are expected to move their applications for one-time restructuring as soon as the moratorium ends.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
India was a very important strategic partner of the US, she said.
Leading microchip providers Qualcomm and Intel say the chip shortage might last anything between four months to a year, perhaps even two years, depending on the various product categories - mobile devices, ICE, electric vehicles, appliances, data centres. Prakash Mallya, MD, Intel India and vice president, sales and marketing and communications group, said the spike in demand was huge, and cut across segments from PCs, phones, appliances and auto leading to the shortage.
'The markets have corrected almost 8-9 per cent from their highs, so one can accumulate quality stocks at reasonable prices.'
After two years of growth in the 4 per cent to 5 per cent range, the gross domestic product is expected to increase more robustly in 2015, growing to an expected 6.4 per cent.
'After he died the phrase that struck me most about him was that 'Sam restored the izaat of the Army'.' Field Marshal Sam Manekshaw's grandson Raoul-Sam Daruwala remembers the man behind the uniform. Field Marshal Sam Manekshaw's grandson Raoul-Sam Daruwala remembers the man behind the uniform.
The FIR was registered at the Loni Border police station at Ghaziabad in UP on June 15 under IPC Sections 153 (giving provocation with intent to cause riot), 153A (promoting enmity between groups on ground of religion, class etc), 295A (deliberate and malicious acts, intended to outrage religious feels of any class by insulting its religion or religious belief) and 120B (criminal conspiracy).
The result was so disastrous for the Congress and NCP that they lost 41 seats out of 48 to the BJP-Shiv Sena combine.
The second quarter of FY22 continued to show double digit growth for the top four IT services providers, with every vertical and geography growing well, even though the total contract value (TCV) looked soft for all the players. The trend was first evident in Accenture's Q4 numbers, which saw its TCV in outsourcing deals softer. A soft TCV does not mean that growth is declining, but it does point to the trend of few and scarcer mega deals.
Currently, the country is using two 'made-in India' jabs -- Covishield and Covaxin -- to inoculate its billion-plus population and has administered 20 crore doses since launching the world's largest vaccination drive in mid-January. A third vaccine, Russian-made Sputnik V, has been approved by the government and is being used on a smaller scale at present.
Having twice betrayed the BJP -- and Arvind Kejriwal determined not to admit in AAP anyone who could question his authority -- Sidhu seems to have reached a dead-end in his political career, asserts Virendra Kapoor.
India' can't succeed unless it is made easier for people to do business.
Facebook will now directly compete with Slack, HipChat, Yammer and a few others in this space.
Analysts say that the rupee trajectory, going ahead, will be a function of flows.
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