'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'
India's largest asset manager SBI Funds Management on Tuesday said they are negative on equities from a shorter-term perspective as valuations have risen above the comfort zone. "We are not positive on equities. We think valuations are expensive. "The market has gone up a lot more than the earnings have grown," said R Srinivasan, Chief Investment Officer (CIO) - Equity at SBI Mutual Fund, at the launch of asset management companies' (AMC) yearly report on the market outlook.
Personal income tax as a percentage of GDP has gone up from 2.11 per cent in 2014-15 to 2.94 per cent in 2021-22 fiscal, indicating that taxpayer base is widening as a result of the steps taken by the present government led by Prime Minister Narendra Modi.
Sebi on Tuesday sent a notice to 7 entities, including Malvinder and Shivinder Mohan Singh, asking them to pay Rs 48.15 crore within 15 days in a fund diversion case of Religare Finvest. Sebi also warned of attachment of assets and bank accounts, if they fail to make the payment. The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi).
Tata Consultancy Services (TCS) said it will hire 55,000 employees this fiscal, including 25,000 freshers.
Corporate social responsibility rules that kicked in on Friday also set a three year time-limit for any CSR project, among a series of other amendments introduced by the government.
The top line growth for the 500 companies slowed down to 8.7 per cent.
Rating firm Crisil revised downwards its GDP growth forecast to 5.5 per cent this fiscal from its earlier estimate of 6 per cent, citing reduced likelihood of monetary easing going forward due to falling rupee.
As predicted the US Citizenship and Immigration Services received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year-2014 before the end of the fifth day of starting the filing.
Fiscal deficit planned to reduce to 4.8 per cent in FY2014, subsidy bill remains elevated. Proposes to reduce fiscal deficit to 3%, the revenue deficit to 1.5 per cent and the effective revenue deficit to zero by FY2017.
India's gross domestic product growth has been on a steady decline since June 2011, when it stood at 8 per cent.
YES Bank said that it has not paid any bonus to Kapoor for FY17 and FY18. He drew a salary of Rs 6.48 crore for the ten months he served as MD & CEO, before his tenure ended in January.
Both the Xperia Z3 and Z3 Compact come with 2.5 GHz quad-core CPU featuring 3 GB RAM.
It has turned around its domestic operations under the HorizoNext strategy
On Wednesday, September 18, the Supreme Court denounced manual scavenging as 'most uncivilised and inhuman'. 'It is the notion that they are born to do this which needs to change.'
In 2015-16, more than 94 per cent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre.
The store launches same-day delivery for its site, though analysts say others have eroded its headstart in the brick and mortar format.
The rupee is likely to strengthen to 60-61 level by this fiscal-end on expectations of improvement in current account deficit (CAD) and higher inflows from overseas investors.
A strong investment recovery is essential for India to sustain high GDP growth rates in the medium term
Growth in incomes in the top most slabs have increased substantially compared to (a) previous two years and (b) lower income brackets
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
During the quarter, revenue from cigarettes increased 10.17 per cent to Rs 4,639.17 crore.
In FY 2014-15, Titan Co had reported a revenue of Rs 11,903.21 crore.
The group will be in a better position to now scale up most of its segments irrespective of government policy, but the bad news others add is its growing debt.
Say their aggregate borrowings were "well within the norms"
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The land parcel is located in South Mumbai's Tardeo neighbourhood and has a total area of 4,300 square metres (46,268 sq ft).
Higher advertising spends to grab customer eyeballs take a toll on startups across segments
Insurance of vehicle, including cars and bikes, will become costlier from April 1 as insurance regulator Irdai has decided to increase premiums by up to 40 per cent from the next fiscal.
Companies in the FMCG space are increasing their focus on herbal and ayurvedic category in India
Shares of IT major Infosys tanked 9 per cent on Thursday as the company expects sluggish growth in the January-March quarter due to muted spending by clients, especially in the retail sector.
HCL Technologies on Tuesday reported a 3.6% increase in net profit at Rs 1,683 crore (Rs 16.83 billion) for the quarter ended March 31, 2015.
The taxman, said the party 'incorrectly disclosed the hawala money as voluntary donations'
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The depreciation of the rupee, it said, reflects the wider CAD as well as lower net capital inflows.
According to the report by the global financial services major, the FY2013-14 CAD is expected to be within $36 billion or 2 per cent of GDP, and this fiscal year CAD is likely to be slightly higher but contained at 2.3 per cent of GDP.
Sunil Mittal-led Bharti Airtel has become the world's third largest mobile operator with 303 million subscribers.
Ahead of RBI policy meet, India Ratings said an interest rate hike of 0.50 per cent in the remaining part of the fiscal will throw the BSE 500 companies into a quandary.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
Growth in the Asia-Pacific region will be low, the aqency said
Two case studies on how one can use the exemption method or the credit route
Which one of these expectations do you think will actually materialise, come February 1?
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