Stand-alone total income rose by 20.4 per cent to Rs 29,787.37 crore.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
According to insurers, the premium is quite low, claims are very high.
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Experts believe that under-reporting is likely to cause an underestimation of the spread of the disease.
After the government sought Parliament's nod for a second batch of supplementary demand for grants that will cause a hit of Rs 2.99 trillion to the exchequer, doubts suddenly arose about the government's ability to meet the Budget projections of reining in its fiscal deficit at 6.8 per cent of gross domestic product (GDP), or Rs 15.06 trillion, for the current financial year. Till now, many were of the opinion that the government would succeed in checking the deficit at a much lower figure than what was given in the Budget Estimates (BE). The government had sought Parliament's approval to spend Rs 3.74 trillion extra, but Rs 74,517.01 crore will be matched by equal savings on other heads.
China to remain the largest market, say analysts.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore.
The bank had a consolidated net profit of Rs 4,714 crore in the corresponding quarter last year.
To spur war among lenders to grab existing loans
Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April.
Services and personal loans pulled down the non-food bank credit growth to 19.5 per cent at the end of February 27, 2009 as against 22 per cent a year ago.
If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022. The causal reasons could, for example, include unmet expectations of FPI and FDI investors about the performance of the Indian economy, sharp rise in prices of imported oil and decrease in FX remittances. The RBI has to ask itself whether guaranteeing future rupee-dollar exchange rates on FX forward contracts is a reasonable way to use its risk-bearing capacity, says Jaimini Bhagwati.
Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its 'India Real Estate - Residential and Office Update H2 2020' report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 154,534 units in 2020 across eight cities as compared with 245,861 units in the previous year.
India Inc's debt-to-equity ratio has fallen, from 0.92 in FY15 to 0.88 in FY16.
Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.
GVA growth in the manufacturing, farm and construction sectors tumbled.
The biggest achievement of demonetisation is that it has brought about a social revolution against black money and corruption, says Sukumar Mukhopadhyay.
Maharashtra has the highest debt among all states in India.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Some of the second-generation IITs have seen more job offers from the start of the first phase of final placements to date than compared to the previous year.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
Equity markets in Pakistan and Bangladesh are tiny compared to the market capitalisation of the Indian equity market.
A fall in the rupee could boost exports. But the flip side of the equation is that a weaker rupee could stoke some inflation
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
The lockdown has taught companies a lesson or two on running business with fewer human resources. These lessons are unlikely to be forgotten, observes Mahesh Vyas.
Now you can check your Aadhaar authentication history online to track if anyone misused your unique identity.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
According to the Reserve Bank of India's second quarter Macroeconomic and Monetary Developments review, key deficit indicators widened during the April-August period of 2011-12, compared to the corresponding period of the previous year.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Inflation rose to (-)1.17 per cent for the week ended July 11 compared to (-)1.21 per cent in the previous week as food articles like pulses, cereals, fruits and vegetables turned expensive.
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
This is the second week in a row when inflation remained in negative territory. The wholesale price index stood at 11.80 per cent during the corresponding week a year ago.
Wachovia, one of the largest banks in the US, with an asset base of more than $700 billion, is set to diversify in India.
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
Propelled by foreign investment inflows, India's foreign exchange reserves grew by $26.4 billion for the nine-month period ended December 31, 2003, over a rise of $16.3 billion in the corresponding period of previous fiscal.
The largest financial institution, LIC, led the list of companies that paid up their advance tax this morning, with a spike in the amount to Rs 1,200 crore (Rs 12 billion) from Rs 1,070 crore (Rs 10.70 billion) a year ago, a senior income tax official said in New Delhi on Thursday.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday. The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
