About Rs 15 lakh crore of high-value notes were scrapped, against which RBI has managed to supply roughly Rs 4 lakh crore worth of notes in the market so far, Anup Roy/Business Standard reports from Mumbai.
TCS is likely to hire hire 55,000 employees in FY15 .
We need a change in mindset, says the RBI Governor.
'My election slogan will be 'kaam bolta hai.' 'Those who have lined up outside the banks will also line up on voting day and vote against the BJP.'
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
If the Modi government's approach to economic policy making is any indication, expectations of a sudden spurt in economic reforms after the assembly election results appear to be grossly misplaced.
"Just a handful of Indian youth have joined the ISIS. Some have also returned after being persuaded by their families," asserted the home minister.
'Ideally, children should go to a university if they know what they want to gain from it, not because everyone else is going.'
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Revival in domestic business should also help overall revenue growth.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
'It doesn't really matter ultimately what individual commentators say or write about Modi. So long as he continues the BJP's march towards greater vote share, a bigger geographic spread and a crushing of the Congress, he is a success,' says Aakar Patel.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Sunil Bharti Mittal, bottom, left, says he is fond of Bill Gates' famous quote: "Success is a lousy teacher." Back from a long foreign business trip, the founder-chairman of Bharti Enterprises talks to Malini Bhupta and Kiran Rathee about the challenges posed by Reliance Jio and how he is determined to come out on top once again. Mittal says , today, Airtel is as ready as Jio in pure-play 4G operations.
Venkaiah Naidu said 'let there be a discussion... November 8 is a historic day'.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
In its latest transition, the company will also double up as an investment vehicle.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
The remarkable feature of those reforms unveiled in 1991 is that none of those decisions has been disowned by subsequent governments in the last 25 years.
'We have the political will to take this to the very end.' 'But what eventually happens depends on the effectiveness, honesty and missionary zeal of the officialdom in the frontline of the battle against corruption,' says S Muralidharan.
Two experts who took for the Common Admission Test this year, breaks down the paper for you.
One of the best stories coming out of Bihar is about a place where Chandragupta Maurya, Buddha, Ashoka, Sher Shah Suri and India's Mona Lisa meet.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
The Ebitda margin, too, was lower than the expected 29.1 per cent.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
We are witnessing a new phase where business leaders are realising globalisation has to take into account national identities and cultures, says Claude Smadja.
India may be at the fag end of a downcycle that has lasted over 7 years
Percy Mistry says things at market regulator Sebi are also in bad shape.
Despite low tariffs, voice usage is not growing.
'The big thing is on the works on Zero Distance, the initiative to bring innovations in every project.'
Wipro Ltd, India's third-biggest software services exporter, posted about an 8 per cent rise in quarterly profit as clients in North America and Europe spent more on technology.
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