The economic costs of the slowdown have not been shared equally in the larger economy. While non-financial firms have been witnessing a contraction in salaries and revenues, financial firms are actually performing well. The former have a much bigger share in output and employment than the latter. The Indian economy […]
India faces first fall in direct taxes in at least two decades
India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates. Prime Minister Narendra Modi’s government […]
Budget 2020: Shaktikanta Das bats for more structural reforms to revive growth ahead of budget
With just a week left for the budget, Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying monetary policy has its own limitations to achieve these objectives. The Narendra Modi government in its second term […]
Direct tax numbers to put GDP in focus
Reuters reported on Friday that direct tax collections in the current fiscal year could end up being lower than the Rs 11.5 lakh crore collected in 2018-19. The numbers available currently do not indicate this, but do not rule out such a possibility. Total direct tax collection in the […]
Sensex drops over 70 points in early trade; Nifty below 12,200
Market benchmark Sensex dropped over 70 points on Friday as investors chose to stay cautious ahead of the Union Budget amid weak global cues. The 30-share BSE index was trading 71.95 points or 0.17 per cent lower at 41,314.45. Similarly, the broader NSE was trading 17.85 points, or 0.15 per […]
Oil prices fall as demand concerns weigh
Oil prices extended losses on Thursday as traders continued to worry about an economic slowdown, which could result in weaker demand for energy. The West Texas Intermediate for March delivery settled $1.15 lower at $55.59 a barrel on the New York Mercantile Exchange. Brent crude for March delivery dropped 1.17 […]
Sensex rises over 250 points; L&T, Axis Bank rally 3%
Market benchmark Sensex rose over 250 points on Thursday tracking gains in L&T, Axis Bank and Infosys, despite massive sell-off in global equities. The 30-share BSE index was trading 233.92 points or 0.57 per cent higher at 41,349.30. Similarly, the broader NSE was trading 60.80 points, or 0.50 per cent, […]
Why Tata Motors is sure of ‘late follower’s advantage’ working for Altroz hatch
Tata Motors has bet big on the Altroz which sits in a segment that has been rather lifeless over the past several months. The overall lull in the Indian auto industry notwithstanding, the hatchback segment is in need of an impetus and this is what Tata Motors is hoping for […]
Maruti Suzuki cars with 5 star safety – A big challenge, says Global NCAP
Not long ago, most cars that are made in Indian for domestic consumption had questionable crash worthiness. But there was no way one could prove, or check the safety standards a that time. But things have changed for the better, thanks to Global NCAP and their effort to make safer […]
Netflix pinched by new US rivals, but says it can handle them
Netflix Inc. admitted that new rivals such as Apple Inc. and Walt Disney Co. have weighed on its already-sluggish US growth. But the streaming giant reassured investors it can handle the onslaught. Netflix climbed as much as 4.3% in late trading after delivering generally upbeat fourth-quarter results, with overseas growth […]
Tesla crosses $100 billion stock market valuation in extended trading
Tesla Inc became the first $100 billion publicly listed US carmaker in extended trading on Tuesday, in a sign of Wall Street’s confidence in an all-electric future. The milestone comes less than a month after Tesla’s stock crossed $420, the infamous price at which Chief Executive Officer Elon Musk had […]
In early trade, Sensex jumps 208 points, Nifty touches 12000 mark
Market benchmark Sensex jumped over 200 points on Wednesday tracking gains in index heavyweights HDFC twins, Infosys and Reliance Industries as global stocks recovered from the previous day’s losses. The 30-share BSE index was trading 204.30 points or 0.49 per cent higher at 41,528.11. Similarly, the broader NSE was trading […]
Qualcomm announces first chipsets with Isro’s NavIC GPS for Android smartphones
Smartphones running on new Qualcomm chipsets will be using Indian regional satellite navigation system NavIC within the Indian region and neighbouring countries. This means when people will use their smartphone to travel from point A to B anywhere in India, the receiver inside the phone will turn to the constellation […]
WEF Davos: Priyanka Chopra talks about how she wants to see her kids grow
Priyanka Chopra took part in a fireside chat with many renowned figures at the World Economic Forum annual meeting in Davos, Switzerland on Tuesday. The actor was dressed in a black dress paired with a matching overcoat as she headed for the meet and has now shared snippets from her chat […]
Finance Ministry may raise divestment goal to Rs 1.5 lakh cr for FY21
Finance minister Nirmala Sitharaman is likely to set an even more ambitious disinvestment target of Rs 1.5 lakh crore for the year starting April 1, mostly because many of the strategic sales planned for the current year, including that of Air India, have been delayed. The strategic disinvestments that are […]