PMI services drops to 3-month low in November as GST cools demand
Uploading Date : 05-12-2017Services, the biggest sector of India's economy, slipped into the contraction mode in November, mainly as the overall demand was capped by the goods and service tax (GST) regime, shows the widely- tracked Nikkei purchasing managers' index (PMI).
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World's most richly valued lender has an unhappy secret
Uploading Date : 04-12-2017Bad things don't happen to good banks. Or that's the carefully crafted image projected by the world's priciest lender. Assiduously shielding its loan book from the flying debris of India's $207 billion bad-debt crisis, HDFC Bank has kept its balance sheet in a near-pristine condition. The aura of invincibility bestowed by a 1.26 percent soured-loan ratio -- compared with almost 10 percent for State Bank of India and 25 percent for IDBI Bank Ltd. -- also explains why ..
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Air India to be sold as an integrated airline
Uploading Date : 02-12-2017Air India’s domestic and international operations will be sold together and some of its subsidiaries could also be up for bidding as part of the main airline
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Nissan vows to work with Centre after seeking $770m from Indian govt
Uploading Date : 01-12-2017The company has reportedly dragged the Indian government to international arbitration seeking over $770 million, which includes unpaid incentives, damages and interest costs among others.
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Economy rebounds: GDP growth rate rises to 6.3% in September quarter
Uploading Date : 01-12-2017The country’s economic growth recovered to more than 6 per cent in the July-September quarter, backed by strong manufacturing, allaying doubts about disruptions caused by the goods and services tax (GST).
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Sugar stocks may offer sweet deal as ethanol prices are set to jump
Uploading Date : 30-11-2017As the ethanol prices are scheduled to get hiked by five percent from December 1, sugar stocks are once again back into contention. Including them in the investment portfolio now can definitely sweeten up your returns
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Saregama’s Retro Bet Sends Its Shares Soaring
Uploading Date : 30-11-2017Investors are grooving to Saregama’s contrarian beat. In the age of streaming services, the music label unveiled a retro-looking audio player that comes preloaded with 5,000 Bollywood songs. Its shares have gained more than 250 percent since the May launch.
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Sebi orders forensic audit of Svam Software amid crackdown on shell cos
Uploading Date : 29-11-2017Markets regulator Sebi has ordered a forensic audit of Svam Software, which figures among 331 suspected shell companies, after finding prima facie evidence of misrepresentation of financials by the firm.
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