“India’s growth story at a fast pace is likely to continue as per assessment of all credible agencies. Obviously, a high trajectory growth leads to a higher revenue,” Jaitley said in his blog
India's second-biggest IT firm Infosys Ltd retained its revenue outlook for the fiscal year to March, with its chief executive upbeat about demand for the company's services in the key markets of the United States and Europe.
The company has been sued by more than 9,000 women who claim its talcum powder contributed to their ovarian cancer. Johnson & Johnson has consistently denied that its products can be linked to the cancer.
The tribunal also blamed Mistry for "leaking" confidential information pertaining to the group to the I-T department soon after his ouster as the chairperson.
The industrial production growth was down to a seven-month low of 3.2 per cent in May as a result of the slow performance of the manufacturing and power sectors.
RIL's market capitalisation (m-cap) rose to Rs 7,01,404 crore (over USD 102 billion) during the early trade on BSE. The m-cap has been calculated at the stock's 52-week high price of Rs 1,107.25.
In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share.
About 66 per cent of the tax disputes at various levels of judiciary is proposed to be withdrawn out of the total amount of Rs 7.6 lakh crore under litigation in tribunals, high courts and Supreme Court (as of March 2017).
The Iranian embassy released a statement on Wednesday that Tehran would do its best to ensure security of oil supply to New Delhi, asserting that it had been a reliable energy partner for India.
Australia and India have been negotiating a bilateral free trade agreement — termed the CECA — since 2011.
At 5 per cent, the inflation rate based on consumer price index (combined) has breached the Reserve Bank of India's inflation rate projection of 4.8-4.9 per cent for April-September.
States’ consolidated gross fiscal deficit (GFD) overshot the budget estimates in 2017-18 due to shortfalls in own tax revenues and higher revenue expenditure. it said.
BSE mid- and small-cap indices showed a decline of 14 and 18 per cent, respectively, from their all-time highs in January.
The rupee also surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets.
A major chunk of the NPAs are accounted by Life Insurance Corporation (LIC), the largest insurer in the country.
Higher expenditure on salaries and farm loan waivers, coupled with a revenue shortfall on GST implementation, led to a slippage of 0.35 per cent in states' fiscal targets to 3.1 per cent in 2017-18, the RBI said today.
NITI Aayog, in consultation with the Ministry of Rural Development and Ministry of Agriculture as well as state governments, will finalise the regional meetings. These regional meetings will be completed before August 15, 2018.
Wage revision for IDBI Bank employees are pending since November, 2012. They had threatened to go on strike last year but later it was called off following assurance from the management.
The dollar index, which measures the currency against a basket of six currencies, was flat in the North American session at 94.78, its highest since July 3.
According to details of a confidential joint UK-India Trade Review released to ‘Greenpeace Unearthed', it would appear that India would be among the countries unlikely to reap many post-Brexit benefits.