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India Inc News
India Inc Q4: Some 60% of firms lag profit estimates
Wed, May 09, 2018
According to a report by Motilal Oswal Securities Ltd (MOSL), overall profit after tax (PAT) growth has been below its estimates till now, largely dragged by Axis Bank. The report said the Q4 earnings season has been broadly in line with expectations in terms of revenue. “We expect the performance of corporate-focused private banks and PSU Banks to drag the aggregates in fourth-quarter,” it said. Approximately, 72% of 67 MOSL coverage companies have reported Ebitda either in line or above the estimates.
RAKEZ unveils its India office in Mumbai, aims to boost India-UAE ties
Mon, Mar 19, 2018
With 3, 000 Indian companies operating at RAKEZ, the new beginning aims to contribute in strengthening India’s trade ties with UAE.
India Inc on recovery path from Demo, GST shocks: CARE
Tue, Feb 13, 2018
A performance survey of somewhat 1,572 companies, excluding banks during Q3FY18, was carried out by CARE Ratings.
Pay hikes may get fatter next year after trimming of jobs in 2017
Sun, Dec 10, 2017
India Inc is promising better pay hikes of 10-15 per cent for the right talent in 2018 after a challenging year for the job market, stunned by post- demonetisation layoffs in traditional sectors like textiles and due to the advent of artificial intelligence in new-age ones.
India Inc expresses disappointment over RBI's policy status quo
Wed, Dec 06, 2017
India Inc today expressed disappointment over RBI's decision to hold fire, saying there is a need to revive domestic demand and encourage investment through lower cost of capital to crank up growth.
Companies may use IPO market boom to meet credit demand
Mon, Dec 04, 2017
"There are various reasons that can explain the recent splurge in the IPO market. Ease of listing criteria for MSME has been one of the reasons for increasing number of companies approaching capital market,” said Dr Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI.
India Inc demands rate cut in December policy; will RBI follow?
Sun, Dec 03, 2017
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be made public on December 6.
Rise in Q2 GDP signals economic recovery: India Inc
Fri, Dec 01, 2017
India Inc. on Thursday said the rise in the second quarter (Q2) GDP numbers showed signs of economic recovery. "Growth numbers are in sync with the expectations and re-affirm that signs of recovery are in sight," said Pankaj Patel, President of Ficci.
Metal, OMCs and NBFCs lifted India Inc's earning in Q2FY18
Wed, Nov 22, 2017
Many sectors dragged down the earnings of India Inc in Q2FY18, but there is also a list segments which eased down the pain in overall growth.
US is the new favourite destination for India Inc
Wed, Nov 15, 2017
Commerce and Industry Minister Nirmala Sitharaman said Prime Minister Narendra Modi has directed that every proposal that entails some expenditure must lead to job creation and need to include jobs estimate.
How does Indian government's fiscal situation look
Fri, Nov 03, 2017
Finance Minister Arun Jaitley in February 2017 announced India's Union Budget 2017-18 in Lok Sabha. So far two quarters have completed and the performance of the government's account in this period provides better picture of where India's economy stand.
Job creation in India Inc grows at slower pace; Banks, IT, Healthcare top employers
Tue, Oct 31, 2017
Banks, IT, retailing, and healthcare continue to provide increasing job opportunities while sectors like mining, power, telecom have witnessed reduction in the employees.
India Inc pitches for cut in interest rates by RBI
Mon, Oct 16, 2017
Reacting to the numbers, Ficci (Federation of Indian Chambers of Commerce and Industry) President Pankaj Patel said overall, inflation remains within RBI's indicative trajectory and this is an encouraging sign.
Q2FY18 preview: India Inc to see another moderate quarter
Thu, Oct 05, 2017
India Inc has been performing on single-digit growth since the past few quarters, and looks like the second quarter of fiscal year 2017-18 (Q2FY18) will be no different.
Sales growth slows but profits of India Inc in first quarter fall
Mon, Aug 21, 2017
Large companies accounted for over 75% of the share in terms of total net sales but they recorded lower net profits of about 23.2% y-o-y in Q1 FY18. Those at the lower end of the size scales witnessed negative growth in both sales and profit.
Over 12 lakh businesses apply for new GST registration
Sat, Jul 29, 2017
"The figure of new registrations approved in GST crosses 10 lakhs today. About 2 lakh applications pending in process," Revenue Secretary Hasmukh Adhia tweeted.
Biz get time till Aug 16 to opt for GST composition scheme
Sun, Jul 23, 2017
"With a view to ease the compliance burden of provisionally migrated small taxpayers opting to pay tax under the composition scheme, it has been decided to extend the time limit for filing intimation for composition levy up to August 16, 2017," the finance ministry said in a statement.
India Inc's owes Rs 27 lakh crore in loan payments
Thu, Jun 22, 2017
Despite reporting positive performance in FY17, India Inc still faces hard time repaying its debt. Outstanding loan funds reached to Rs 26.5 lakh crore in FY17.
India Inc reiterates rate cut demand as IIP growth slows, CPI falls
Tue, Jun 13, 2017
With slowing down of industrial production growth to 3.1 % in April and falling consumer price index to 2.18 % in May, industry players on Monday reiterated its demand for an interest rate cut by the Reserve Bank of India.
RBI's new rules may make India Inc shun masala bonds
Thu, Jun 08, 2017
RBI has made some changes to rules pertaining to masala bonds that may make this fundraising route less attractive.