With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
'The government and the RBI have been playing a very good part in terms of inflation management.'
TCS MD talks about demand environment, margin outlook and the growing number of its employee base.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
PM urges lawyers to fight cases for the poor for free.
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.
Modi is scheduled to meet over 50 CEOs of Fortune 500 companies over dinner hosted in New York on September 24.
The solutions developed by the company cover a broad spectrum, including helping recruiter's gauge the behavioural profiles of candidates during virtual job interviews and assisting in real-time translation in vernacular languages, among others.
Analysts expect robust earnings growth from the financial sector.
Whether it took the corona crisis to bring about the transformation, or otherwise, the change ought to be welcome, notes Virendra Kapoor.
'Modi followed a prime minister whose second term was marked by such tragic passivity that Indians, it would seem, are willing to go to great pains to help this one realise his ambitions for them.'
'I am very optimistic about Tech Mahindra'.
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Chidambaram further said government has taken a number of fiscal and administrative measures from time to time to contain inflation especially food.
Company feels automation is a big tool to drive down costs and improve efficiency
"I am certain that now that the growth is returning back to the world, the future holds an important direction as far as India is concerned. The sheer size of the country and economy would offer huge opportunity for investment in India in the next few years," the finance minister said in Washington, DC.
A glance back at some important events that occurred in 2018.
Sliding rupee against world currencies may force luxury car maker Mercedes Benz to go for price hike in future, a top official of the German auto maker said.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
Only six sectors are likely to report good set of numbers in Q4 FY15.
'During the transition process, we have some control over the withdrawals.' 'In terms of your wealth, the money in your deposit account is where it is.'
Telecom major Bharti Airtel on Wednesday reported over two-fold jump in consolidated net profit at Rs 1,436.5 crore in the third quarter of 2014-15 on the back of continued growth in mobile data revenue.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
The Jan-Dhan accounts are zero balance accounts, comes with a life cover of Rs 30,000 per person, and an accidental cover of Rs 100,000. An active user of the account can also get overdraft facility of Rs 5,000 from banks.
Sebi's main contention against brokers is that the NSEL was offering paired contracts and they were forward contracts, which were "illegal".
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After a string of extremely low and even negative monthly numbers, the industrial sector grew by 2.6 per cent year on year, far exceeding expectations.
The mobile data revenue at Rs 2,324 cr registered a growth of 70 per cent
"I am spending two hours daily to ease the problems caused by demonetisation. I am breaking my head daily but we are unable to find a solution to this problem," the CM said.
The industry was expecting to sell 3 million passenger vehicles for the first time in 2016-17, but now it seems a moot possibility.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
A 150 basis points fall in realisations too weighed on the top-line.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
CMC has strong presence in the domestic market. It certainly compliments TCS.
India must carry on structural reforms, the finance minister said.
In the December quarter, Sensex earnings had contracted 5 per cent.
The surge in export, domestic demand and public spending in infrastructure projects might revive private investment during 2017-18.
