The ongoing downturn has forced firms to cut back on advertising expenses. The banking, financial services and insurance segment (BFSI) has cut advertising budgets by nearly 40 per cent.
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
Do a straw poll of any business friends and you will laugh and weep at what they go through, points out Rahul Jacob.
If financials and oil sectors were removed, India Inc has done quite well.
After hiking interest rates thrice between September 2013 and January 2014, the central bank has maintained status quo, amid slowing economic growth.
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
The e-invoicing system will be rolled out in a phased manner from January 1 on a voluntary and trial basis, beginning with firms with a turnover of Rs 500 crore, while businesses with a turnover of Rs 100 crore or more will be required to do it from February 1.
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
The efforts will also be made to introduce mobile banking on all kinds of phones, Finance Minister Arun Jaitley told reporters after meeting the heads of PSU banks here on Thursday.
The spreads between state development loans and equivalent-maturity government papers have started widening, and market participants don't expect them to contract anytime soon. The rise in spreads is a direct measure of market displeasure than a rise in yields.
Out of these, no balance has been found in case of 289 accounts
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
TCS is the most valued Indian company.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
Dr Rajendra Bharud has done what no other district collector in India could do as the pandemic ravaged the nation. He not only made Nandurbar district oxygen surplus, but ensured that the supply of life-saving oxygen remained uninterrupted for patients -- something even Delhi and Mumbai hospitals have not achieved yet.
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
A Reserve Bank of India-constituted internal group has recommended that interest income from NRI deposits may be taxed like domestic deposits consistent with current account convertibility. \n\n
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
Retail inflation inches up to 3.77%; IIP growth dips to 3-month low
The country's largest public sector bank, State Bank of India on Tuesday posted a decline of 4.49 per cent in net profit at Rs 1,065.06 crore (Rs 10.65 billion) for the quarter ended December 31
Overseas investment by Indian firms increased by about 59 per cent in May to $3.7 billion, with Gammon, Tata Steel and Religare among the top investors abroad.
V G Mathew, managing director and chief executive officer of South Indian Bank speaks to Gireesh Babu, about demonetisation impact, rights issue and future plans.
Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take inherent risks while investing, says Hitesh D Gajaria, partner and head of tax, KPMG in India.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
Australia's pedigree in ICC tournaments, the World Cup in particular, and its remarkable one-day record on subcontinent wickets has renewed the captain's belief that they can win a fourth straight world title.
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.
The combined interest payment for India's top listed companies, excluding financial and oil and gas firms, was up 15.2 per cent year-on-year during the six months ended March 2019, outpacing the change in net sales and operating profit.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
Monish Malhotra, the superintendent, and Manas Patra, the alleged middleman, were arrested by the Central Bureau of Investigation on Wednesday, an official said.
Index heavyweights were the top losers along with bank shares.
His statement came against the backdrop of a controversy kicked off by his email to Ahluwalia.
Inflation for the first time in 5 years dropped below 3 per cent to 2.97 per cent for the week ended October 27, against 3.02 per cent in the previous week mainly due to fall in prices of food articles and some manufactured items. During the week under review, prices of fruits and vegetables, cereals and pulses declined, while wheat, poultry chicken, fish-marine, milk and eggs went expensive.
23 Nifty companies reported an annual decline in net profit.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Replaces China as imports more than double to 204 tonnes in September quarter, with demand up 39%.
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
