Have you read these stories?

India is slowly turning into a startup hotspot for foreign nationals

A host of foreign nationals are relocating to India to fulfil their startup ambitions despite stumbling blocks.

FY 20

Jan 19, 2020, 02.21 AM IST


FY 20

Top 50 corporates reduce debt by about Rs 60,000 cr in first half of FY20

In the last financial year 18-19, these companies reduced their debt burden by about Rs 43,000 crore.

PayPal India FY19 loss up to Rs 8.13 crore as revenue doubles

The gross expenditure for the fiscal year came at Rs 660.26 crore up from Rs 26...

Over Rs 300 crore invested in airport infra in FY'20

Approximately 3.4 million passengers flew under the government's regional connectivity s...

ET Prime Distribution
  • Company is considering to rise the amount through corporate bonds or via a term loan or borrowing.

    97.3% of the frauds reported in the first half of FY20 by value occurred in previous financial years.

    ​ Keeping anything till the last minute is never a good idea, especially when it comes to money matter. Making your tax-saving investments in the last minute can have long lasting negative implications.

    The accounting firm is set to hire in 2020, making the Indian arm its largest workforce outside of the US.

    Fitch said growth will gradually recover to 5.6 per cent in FY21 and 6.5 per cent in the following year.

    With the introduction of the compact Nexon EV SUV, which is targeted at personal buyers, the company is expecting its sales of EV models to double in the next fiscal year starting April 2020, president of electric mobility and corporate strategy Shailesh Chandra told ET.

    At the pre-budget consultation with finance minister Nirmala Sitharaman, some economists suggested relaxation in fiscal deficit target, pegged at 3.3% of GDP for FY20.

    The central government's spending on the rural sector has increased 21% in the first seven months of fiscal 2020, the fastest growth in 11 years. All these factors, the unusually strong water reservoir levels and pick-up in rabi crop sowing activity, are initial signs pointing toward the rural sector bottoming out, Motilal Oswal says.

    The carmaker, whose sales fell by more than a third in the first eight months of the fiscal year to a little over 77,000 units, expects the market to pick up from the next festive season, said Honda Cars India president and CEO Gaku Nakanishi.

    ICRA also expressed apprehension that "the central tax devolution (CTD) to these states in 2019-20 could be Rs 595-770 billion (Rs 59,500-77,000 crore) lower than what the GoI has budgeted, which has emerged as a key revenue risk for the states in this fiscal." Accordingly, a reduction in capital expenditure below the budgeted level appears imminent in the current fiscal.

    "India's growth is now seen at a slower 5.1 per cent in fiscal year 2019-20 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch. Also, consumption was affected by slow job growth and rural distress aggravated by a poor harvest," Asian Development Bank said.

    PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister. State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively.

Load More...

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service