Dollar debt and higher import cost might impact earnings by up to 30%.
In the last one week several companies have had to face the hurdle of making a distinction between what's essential and what's not. To help them the government has now clarified that grocery would include hygiene products such as hand wash, soaps, disinfectants, body wash, shampoo, surface cleaners, detergents, tissue paper, toothpaste, oral care, sanitary pads, diapers, chargers and battery cells, etc.
Oil sank to the lowest level in a month after shedding all of its gains from the US-Iran clash as traders waited to see whether any further hostilities will disrupt exports from the East Asia.
Do the actual numbers bear out the claims made by the government or do they suggest something else? asks A K Bhattacharya.
Growth was primarily pushed by a jump in steel and electricity generation, apart from a sustained rise in natural gas output.
In its manifesto for the 2014 Lok Sabha elections, the Bharatiya Janata Party (BJP) had criticised the Congress-led UPA regime for "policy and decision paralysis".
The government's subsidy bill on food, fertiliser and petroleum, among others, will fall by about Rs 18,000 crore (Rs 180 billion) at Rs 1,11,275 crore (Rs 1112.75 billion) this fiscal, mainly due to sharp reduction in the urea dole outs.
From carrying portraits of their sons and husbands who have committed suicide due to agrarian distress to picketing to doing sewa 24x7 at langars, women have shown a rare determination not to capitulate before the government.
BKS and BMS leaders have told the BJP leadership that it is staring at a build-up of anti-government propaganda in the run-up to polls in five states.
The Survey lists some of the challenges that might impede India's progress.
Among the panels announced on Thursday is the Appointments Committee of Cabinet (ACC) to be headed by the prime minister with Shah as the other member.
The standard line that is used for anyone -- academics, minorities, farmers, dissident industrialists -- who points out that what the government is doing is wrong is being anti-national and separatists, reveals Aakar Patel.
Their success stories will inspire you too.
Mayawati said the "chaiwala" prime minister has now turned "chowkidar" and this shows the "change" India witnessed under this government.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
A third of FMCG sales and half of motorcycle sales come from the hinterlands
The Supreme Court on Thursday sought response from the Centre on the issue of citizenship of child born in the country out of surrogacy in which biological parents are foreign nationals but birth mother is Indian.
India invited fresh bids on Tuesday for a stake of 51 per cent in state-run Fertilisers and Chemicals Travancore Ltd.
Protesting farmers owing allegiance to different farmers' bodies blocked state and national highways at several places on Saturday, causing inconvenience to commuters.
As per reports, the ATO raised the tax bill after Pankaj Oswal transferred his shares in Burrup Fertiliser, a company started by him, to his wife in 2007.
Coal and steel were only two sectors that saw some growth.
Barring rice, spices, iron ore and pharmaceuticals, all the remaining 26 key sectors registered negative growth in May. Imports too plunged 51 per cent to $22.2 billion in May.
India's plan to double gas prices from April threatens to hit government efforts to cut its fiscal deficit.
The list mostly contains PSUs which were up for sale in the last fiscal.
Anil Ambani met Cabinet Secretary K M Chandrasekhar, Expenditure Secretary Sanjiv Misra and Fertiliser Secretary J Sreedhara Sarma to drum support against RIL's proposed pricing formula for natural gas from KG-D6 block off the east coast.
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
The high-pitched election speeches skipped corporate issues, unlike during the assembly polls about four months ago.
Cumulatively, the eight core sectors grew by 4.2 per cent in 2017-18, lowest in the last three financial years.
The GoM recommended that activities of all religious organisations should not be allowed till May 15 as a precautionary measure to check spread of coronavirus infection, the sources added.
With crude oil prices nearing $100 a barrel, Prime Minister Manmohan Singh on Thursday expressed concern over mounting subsidies in petroleum as also food and fertiliser sectors, with discounts exceeding Rs 1,00,000 crore (Rs 1,000 billion) this year. The prime minister asked his Cabinet colleagues and the Planning Commission to "reflect what these mean for our development options and what development options these subsidies are shutting out".
ONGC and RIL bill their consumers like fertiliser plants and power stations in US dollar.
The OilMin is likely to announce the price for next six months soon.
Several families were evacuated from Champakkara area near Kochi after leakage of ammonia gas from a barge on Friday night, district authorities said
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
The GoM was told that six states -- Maharashtra, Delhi, Gujarat, Tamil Nadu, Uttar Pradesh and West Bengal -- account for 86 per cent of the deaths caused by COVID-19 and 32 districts account for 80 per cent of such fatalities, the Union health ministry said.
Last week, RIL and urea companies failed to settle the key terms of gas supply from April 1 upon expiry of the five-year contracts that priced gas from the eastern offshore KG-D6 fields at $4.205 per million British thermal units.
'With the largest number of malnourished people on the planet, India is poised to be a nation that significantly under-performs as an economy.'
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