The country’s largest car manufacturer, Maruti Suzuki India, on Thurday reported a 3% year-on-year increase in its net profit at Rs 1,799 crore during the October-December quarter, which was less than Bloomberg consensus estimates of Rs 2,006 crore.
The frontloading of recapitlisation of public sector banks (PSBs) — bonds worth Rs 80,000 crore of the total Rs 1.35 lakh crore planned will be issued this fiscal — has come with a set of inviolable dos and dont’s, constituting significant reforms in the banking sector.
Idea Cellular on Wednesday joined Bharti Airtel to get hit on all key financial metrics during the October-December quarter, impacted by the 57% reduction in mobile termination rates as well as competitive pressures brought in by Reliance Jio.
MAKING OUT a case for eliminating rifts and differences to build a new world order, Prime Minister Narendra Modi on Tuesday flagged the rising threat of protectionism with a new layer of tariff and non-tariff barriers being erected and countries increasingly focusing inwards.
Reliance Jio on Tuesday once again ambushed incumbents on the tariff front by unveiling a Republic Day offer which has slashed rates on its packages by Rs 50 while increasing per day data limit by 500 MB.
Trading at price-to-earnings multiple of 19.3 times, index is ahead of Dow’s 18.12.
Money is becoming costlier. On Tuesday, two large private banks priced a Rs 7,000-crore one-year certificate of deposit (CD) issue at 7.45-7.55%.
Change of definition to extend assorted benefits to 14 crore currently excluded.
The National Investment and Infrastructure Fund (NIIF) on Monday announced its tie-up with Dubai-based ports operator DP World to create a fund to invest up to $3 billion of equity in India’s transport and logistics sectors.
With ONGC paying only a modest premium for a 51.1% stake in HPCL, limiting the dilution in the fair value to just 6%, the counter gained 3.3% on Monday to close at Rs 199.95.
Firms with capex budget of `500 cr+ achieve 60% of annual target in nine months; Q4 seen stronger
Pick up close to $500 million worth of bonds; Monday’s auction saw an over-subscription of 1.5 times
SC restrains high courts from entertaining any petition related to the judge’s death
The International Monetary Fund (IMF) on Monday kept its growth projection for India unchanged at 6.7% for the current fiscal, despite the Central Statistics Organisation recently estimating the country’s economic expansion at a four-year low of 6.5%. India will again emerge as the world’s fastest-growing major economy, at least for the next two years, the IMF said.
Consumer demand on recovery mode, but pricing power subdued in many industries
State-run ONGC has got its borrowing limit raised to Rs 35,000 crore to fund its acquisition of the government’s entire 51.1% stake in Hindustan Petroleum (HPCL) in an off-market deal.
Budget 2018: The anticipated push for exports in the upcoming Budget to boost jobs is unlikely to include substantial relief to special economic zones (SEZs) that were once the growth engine for the country’s outbound shipments. The minimum alternate tax (MAT) on SEZ units and developers, which has jeopardised the tax-free status of these enclaves and severely undermined their export potential, is unlikely to be removed in the Budget for 2018-19.
A fairly hefty $7 billion flowed into e-commerce ventures in 2017, data put together by research firm Jefferies shows, suggesting Indian e-retailers are living up to their promise.
The Centre and state-run oil explorer ONGC on Saturday clinched a deal for the latter’s acquisition of the government’s 51.11% stake in Hindustan Petroleum Corporation (HPCL) for a consideration of Rs 36,915 crore.
If 3D and 4DX changed the experience of watching a movie in theatres, as viewers got a chance to experience motions such as air, vibrations, etc, virtual reality (VR) is expected to change the way viewers have so far watched the popular T20 tourney, the IPL.
Clearly, with the growth of internet penetration in a country that skipped the desktop revolution and went straight to mobile, mobile-specific advertising will be dominating the digital advertising space for years to come.
Reliance Industries Ltd (RIL) reported a strong set of numbers for the three months ended December 2017, beating street estimates on all fronts.
Continues to beat peers on data volumes and usage per customer
If the cotton crop in Maharashtra and elsewhere became vulnerable to pink bollworm (PBW) attack, the blame should lie with the local seed companies who could not get the farmers to comply with the required protocol to resist it, Monsanto, which out-licensed Bollgard II technology to these firms, has said.
Honda Cars India is recalling 22,834 units of the Accord, City and Jazz models in the country as part of a global exercise to rectify faulty airbags.
The easier returns-filing system being put in place by the Goods and Services Tax (GST) Council may even dispense with the summary return form GSTR 3B eventually.
Final decision on Nilekani proposal soon; govt worries about evasion, talks of need for measures like e-way bill