L&T reiterates FY20 guidance despite muted Q3 revenue growth
Analysts had predicted that the company may slash its order intake guidance.
CFA and fiscal incentives available for biomass power generation and bagasse cogeneration projects
130 biomass power projects generating 999 ...
We are not done with stimulus: Nirmala Sitharaman on reviving economy
A personal income tax rate cut for Sitharaman would be difficult at thi...
IMF wants Indian government to be more credible, transparent on fiscal numbers
India should be more transparent on fiscal numbers as it is a laggard among G20 peers on this front, said IMF.
The 6-0 unanimity shock that foxed financial markets
The unanimity reflects that MPC is more wedded to its mandate of keeping inflation at 4%.
Alembic Pharma Q3 net profit up 38% to Rs 234.19 crore
The company had posted a net of Rs 169.83 crore for the corresponding period.
RBI may wait for Budget announcements before taking rate cut decision
“The forthcoming union budget will also provide better insight into further measures to be undertaken by the government and its impact on growth. Against this backdrop, the MPC judged that there is monetary policy space for further action, but it felt it appropriate to take a pause at this juncture.”
Good coordination with government on policy measures: Shaktikanta Das
The governor said the central bank would like to see greater clarity on the impact on the government's counter-cyclical measures to push growth, stressing that the central bank is "not worried" over the government missing the fiscal deficit target. Das said inflation is seen rising in the near-term, but is likely to moderate soon.
NoBroker expands to Delhi NCR; aims to be present in 20 major cities over next four years
Since its launch in New Delhi, NoBroker.com has already garnered 62,000 consumer registrations and over 27,000 listings on the platform. It has, thus far, facilitated over 1100 deals in the region.
India's growth might have reached a trough: Goldman Sachs
“We expect that the slowdown episode that began in January 2018, to end soon, in response to better global growth, easier domestic financial conditions, positive fiscal impulse, some uplift in sentiment, and an easing of supply bottlenecks” said Prachi Mishra, India economist for Goldman Sachs.
Government following glide path on fiscal deficit: DEA Secretary
According to the budget documents, the government's total expenditure is anticipated to grow at the rate 13.4 per cent, whereas the total non-debt receipts are projected to grow by 14.3 per cent. The government intends to gradually bring down fiscal deficit towards the target of 3 per cent of the GDP by March 31, 2021.
Cashew exports may not fare well this fiscal too: Analysts
Indian cashew exporters were able to compete effectively with Vietnam, largest exporter of the nut.
This fiscal IndusInd Bank has finalised potential successor to Sobti
The bank board’s nomination and remuneration committee met on October 30 and finalised the name.
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%
Hydroelectricity generation jumps 16 pc this fiscal so far; share of non-fossil fuel at record high
"During April-October, electricity generation grew 1.2 per cent. There was a decline in October mainly because of excess rainfall led by a slump in air conditioning requirement. But, to say that this was due to some kind of slowdown in industrial production is nonsensical. There can be nothing further from the truth," Power Minister R K Singh said.
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