Ratan Tata, an iconic corporate leader, retired as Chairman of the $100-billion Tata Group on Friday after a 50-year run, on his 75th birthday.
A dedicated commercial court for Bengaluru Urban District has directed micro-blogging site Twitter to block the handles of the Indian National Congress (INC) and its 'Bharat Jodo Yatra' till the next date of hearing.
Biswas had won the Sagardighi seat on a Congress ticket in a by-poll held earlier this year.
Weighed down by a sharp rise in input costs and limited ability to pass on the burden to customers, India Inc's operating margins took a hard knock in the first quarter of 2008-09 even though demand was buoyant as reflected in zooming sales.
According to a report by global research firm Dun & Bradstreet, the composite Business Optimism Index for the second quarter of 2008 has decreased to 153.7 from 168.9 in the previous quarter. This is a 9% fall. BOI measures the pulse of the business community and serves as a reliable benchmark for investors and is arrived at on the basis of a quarterly survey of business expectations. The optimism index for profits represents a decrease of as much as 21 percentage points.
'Increasing spends will lower project deferrals and protect project budgets'
Order inflows during the quarter-ended September declined 31.5 per cent compared to the level a year ago. Companies are still not committing fresh capital expansion.
India Inc's bear hug with Russian consumers is getting warmer. From selling marquee cars to liquor, the relationship is heading into the next league -- joint ventures in diverse areas such as petrochemicals, telecom, pharmaceuticals and nanotechnology.
Index measuring this at six-quarter high; however, economic & political volatility a concern.
The market cap of the listed firms on the Bombay Stock Exchange and the National Stock Exchange on Monday declined by a whopping Rs 125,000 crore (Rs 1,250 billion) to Rs 43,75,020 crore (Rs 43,750 billion), thereby falling below the GDP of Rs 46,93,000 crore (Rs 46,930 billion) at current market price, as per the real economy data released by the Reserve Bank of India on April 28 this year.
The market cap of the listed firms on the Bombay Stock Exchange and the National Stock Exchange on Monday declined by a whopping Rs 125,000 crore (Rs 1250 billion) to Rs 43,75,020 crore (Rs 43750.20 billion), thereby falling below the GDP of Rs 46,93,000 crore (Rs 46930 billion) at current market price, as per the real economy data released by the Reserve Bank of India on April 28 this year.
The global economic downturn made 2008 an unforgettable year.
The banking regulator was uncomfortable with the runaway pace at which consumer credit was growing.
The sample, however, is still small as it includes only six of the 30 Sensex companies - Infosys, Reliance Industries, HDFC Bank, TCS, ITC and Bajaj Auto - that have declared results so far.
Apple Inc has announced the India prices of the new variants of its bestselling smartphones - launched on Tuesday - as it assembles the device in the country. The new iPhone 15 range starts at Rs 79,900 for the 128 GB variant (the same price as the iPhone 14 when it was launched last year) and goes up to Rs 199,900 for the top-end Pro Max with a 6.7 inch screen and 1 TB (terabyte) storage. The world's most valuable company also launched three new upgraded Apple watches, starting with the SE at Rs 29,900 and going up to Ultra 2 at Rs 89,900.
The average attrition rate grew at 21 per cent in Indian firms during July-September quarter, a rise of 4 percentage points from the preceding quarter (April-June).
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
Leading political rallies or taking charge in boardrooms, the next-gen woman is taking it all in her stride.
Since its launch in late March after India went into a lockdown, concerns about transparency have been expressed about the PM-CARES Fund
While salary growth may range from a marginally positive to stagnant or even negative, the increment for some of the "super-specialised" profiles can go beyond 15%.
Expressing dissatisfaction over the RBI decision to keep interest rates unchanged, India Inc today said rate cuts were needed to make the industry invest more and drive economic growth.
Net profit of FMCG, IT and pharma firms was up 33 per cent in the third quarter, accounting for nearly half of India Inc's profits ex-financials and oil.
Rising crude oil prices along with hardening interest rates in the domestic market have taken a toll on India Inc's growth outlook in the first quarter of the current fiscal.
IT jobs constituted nearly 24 per cent of over 1.47 lakh vacancies listed on job portals and in newspapers during the period, followed by financial services at 14.5 per cent and sales and business development at 13.5 per cent, it added.
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
India Inc's order book doubled in the fourth quarter (January-March) of the last financial year compared, to the year-ago period.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
The net profit of 82 firms up 20.2%, but topline growth slows to 14.7% on muted show by manufacturing firms.
The earlier government was blamed for non-performance, the current one will be rightfully blamed for mismanagement
Mark-to-market losses, oil & gas companies drag profits; sales growth moderates
A survey of CEOs shows corporate India is unsure about the party's ideology, with some feeling its left-of-the-centre politics can be detrimental in the long run.
Budget would have cascading impact on inflation and consumer demand.
The quarterly global survey asked more than 6,000 firms in 30 countries that whether they were hiring at managerial and professional level and planned to do so in the coming quarter as well.
An analysis of 989 companies that account for 52 per cent of the total market capitalisation on the Bombay Stock Exchange shows net profit growth of 2.7 per cent over the previous year was reported mainly due to strong profit numbers registered by players in banking, cement, information technology, pharmaceuticals and fast moving consumer goods.
Congress candidate Elangovan secured 1,10,156 votes (64.58 per cent), which is 20.29 per cent more than the 2021 assembly election as the then INC candidate secured 66,300 votes and won the seat.
