SBI expects return on assets to hit 4-year high this fiscal
Higher NIMs and stable asset quality are key drivers, says bank; shares rise nearly 8%
Auto sector's contribution to GDP may slip to 7% this fiscal: Acuite Ratings
In the second quarter (July-September) of this fiscal itself, th...
Rescuing former cash cows is widening India's fiscal deficit
MTNL last paid a dividend of 6.3 billion rupees in the financial year ended Marc...
South Indian Bank Q3 profit up 8% at Rs 91 crore
Net NPAs declined to 3.44 per cent in October-December 2019 from 3.54 per cent a year ago.
Karnataka Bank Q3 profit slips 12% to Rs 123 crore
Net NPA increased to 3.75 per cent from 3 per cent during September-December 2018.
WNS Q3 profit up 8% at $30.9 million
The company's revenues increased by 19.7 per cent to USD 239.2 million in the quarter under review, from USD 199.7 million in the year-ago period, it added.
Kia Motors to expand sales network to over 300 touchpoints by end of current fiscal
Kia Motors plans to expand its sales network to over 300 touchpoints in India by end of current financial year.
Government unlikely to go for income tax cut due to fiscal stress
According to sources, personal income tax rate cut is difficult at this juncture due to multiple factors like slowdown in economy, lower tax realisation and subdued non-tax mop up.
Subdued tax revenue growth suggests likely fiscal slippage in FY20: ICRA
The fiscal deficit rose by 9.6 per cent to Rs 6.5 lakh crore in the April to September period (H1 FY20) from Rs 5.9 lakh crore in H1 FY19. This was equivalent to 92.6 per cent of the revised budget estimate for FY20, largely similar to the situation in H1 FY19 (92.2 per cent of the FY19 provisional accounts).
Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP
Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate tax collections. Weak revenue collections resulting from sluggish economic growth and government's sweeping corporate tax rate cut were the other reasons, it said.
States to pile up debt in slowing economy: Moody's
Challenges in controlling deficits at the state level will also hit fiscal consolidation efforts at the Centre
Market worried over fiscal i math, repo-bond yield spread widens
The RBI purchased Rs 3,31,100 crore net of government bonds in 2018-19 through OMOs.
Coal India liquidates 35 Mt of pithead stock in the first half of FY 19-20: Pralhad Joshi
“The pithead coal stock with CIL was 54.15 Million Tonne (MT) as on April 1, 2019 which reduced to 19.15 MT as on September 30, 2019. Thus, the coal stock liquidation was 35 MT in the first half of the financial year 2019-20” coal minister said in a reply to the Rajya Sabha. The minister also informed the upper house that CIL’s coal production rose by 10.6%.
Fiscal slippage is good if it propels growth: SBI Chairman
Today we need more money in the hands of corporates if investment must pick up, says Rajnish Kumar
IMF sees Indian economic growth rebounding to 7% next fiscal
International Monetary Fund sees the Indian economy rebounding to 7 per cent in the next fiscal year.
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