Moody's withdraws Mahindra & Mahindra's Baa3 rating

Moody's Investors Service, (Moody's) has withdrawn Mahindra & Mahindra Ltd.'s Baa3 issuer rating and a stable outlook. Moody's has withdrawn the rating for its own business reasons. Mahindra & Mahindra Ltd. has a track record of over 70 years of operations.

In 1947, M&M started assembly under license of Willys Jeep in India and, over the next few decades, b

`India should actively get involved in Sri Lankan power sector growth`

 India should actively participate in Sri Lanka's growing power sector, both traditional and renewable, a top government official has said.

"India has a good opportunity and should actively participate. The two governments are active in exploring business potential," B.M.S. Batagoda, Secretary, Ministry of Power and Renewable Energy, told visiting Indian journa

What the GST rates mean for key sectors in India - Angel Broking

Below is the views on What the GST rates mean for key sectors in India by Mr. Vaibhav Agrawal (Head of Research and ARQ)

The GST rates were announced by the GST Council on May 18th and May 19th. There are still some items like bidis and gold for which GST rates will be finalized in the next meet of the GST Council in June. This leaves the government with a l

GST could throw some light on market in upcoming week - Amrapali Aadya Trading & Investments

Below is the Views on GST could throw some light on market in upcoming week  by Mr. Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments

Macroeconomic data i.e. IIP and inflation data signaled the economic revival, which led the benchmark indices to trade positively on the Monday. Further, indices made fresh highs fo

GST - Capital Goods and Consumer Durables - Motilal Oswal

The impact of GST has been a mixed bag for the Capital Goods and the Consumer sector. While the Capital Goods sector would benefit from a lower tax rate on contracts there would be higher tax incidence on cables and transformers. A few segments in the consumer sector would see higher effective taxes and need to take price hikes to offset cost pressures from increased taxes. Key changes/ surpris

Chemicals, construction, mining among 11 sectors seen generating black money: Report

Chemicals and chemical products, construction, land transport, agriculture, petroleum products, iron and metallic products, are among the 11 sectors seen as "more prone to generation or utilisation of unaccounted incomes", according to a government-commissioned report on black money.

Electricity, communication, mining, machinery manufacturing, and trade and busi

Basic energy access does not unlock broader socio-economic benefits

Decentralised solar power, when utilised by unelectrified households, reduces money spent on kerosene but is not conducive to accessing larger social and economic benefits, a study published in Science Advances, an online publication, has found.

The study was conducted over a year in 1,281 households from 81 non-electrified rural communities in Suratganj block of Barabanki distri

Boost to India`s renewables plan as Chinese investments shift to solar

India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there's a significant slowdown in Chinese investments in thermal power plants.

This fact of slowdown came to light in a just-released report of the Global Environmental Institute (GEI) which says China's overseas investment,

Economic momentum to sustain with strong policy making: Angel Broking

Below is the view on outlook on the Indian Market Mr. Vaibhav Agrawal (Head of Research and ARQ)

“The government has done a good job in strengthening the economy in the last three years. We have seen dramatic change in our macros which is sowing seeds for the sustained momentum of economic growth going forward. We believe that government is likel

Slash in home loan rates due to reduction in cost of funds: HDFC CEO

Following the cut in home loan rates, HDFC Bank's Vice Chairman and CEO Keki Mistry on Tuesday said the reduction in lending rates for home loan is due to diminishing cost of funds and the significant drop in interest rate is not expected.

"The interest rates have come down quite a lot from last year. Every passing month, the benefit of lower cost of funds is being passe

61% people satisfied with Modi`s 3 years, want faster progress in key areas: Survey

 Sixty-one per cent of some 200,000 citizens surveyed across the country say they are satisfied with the performance of the Narendra Modi government as it completes three years in office. This is, however, down from the 68 per cent approval after its first year and 64 percent approval after its second year.

Forty-four per cent of the respondents in the two-week survey by Loc

Global attacks spur demand for cyber insurance, says Fitch Ratings

The slew of recent ransomware attacks in over 150 countries reveals the widening scope of corporations' cyber risk exposures, which is likely to increase demand for related insurance protection, says Fitch Ratings. According to Fitch ratings, insurers are in a unique position to assist customers in addressing the cyber threat.

However, a cautious approach to adding cyber exposures

Neutral On PSP Projects Ltd - Angel Broking

PSP Project Ltd. (PSP) is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. PSP provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to private and publi

Subscribe On PSP Projects Ltd - Centrum Wealth Research

Comfortable comparative valuations Subscribe PSP Projects Ltd (PSPP) is a Gujarat based multidisciplinary construction company having diverse projects across the industrial, institutional, government, government residential and residential segments in India. The company has a strong clientele which includes Government of Gujarat, Sabarmati River Front Development Corporation Ltd, Cadila Healthc

India needs to rethink strategy for the IT sector

The Indian IT industry is at the crossroads. It first suffered the long-expected shock of the Trump administration's policy shift against the H1B work visa programme. The US President's executive order makes it impossible for IT firms to bring overseas low-skilled engineers into the US for on-site postings. Indian IT firms, which are the largest applicants for H1B visa, have the most to

Expert Views: Retail inflation eases to 2.99 percent in April

MUMBAI  - India's annual consumer price inflation eased to a lower-than-expected 2.99 percent in April, helped by smaller rises in food prices, government data showed on Friday.

Meanwhile, India's industrial output rose a stronger-than-expected 2.7 percent in March from a year earlier, according to separate government data.


Gold sales double on Akshaya Tritiya in 2017: Expert

This year's Akshaya Tritiya saw double gold sales across the country as compared to 2016, an expert said on Thursday.

"Akshaya Tritiya this year (2017) was excellent -- it is estimated that about 35 tonnes of gold was sold across the country during this period, roughly double the numbers of last year," Sanjeev Agarwal, Chairman at FICCI Gems and Jewellery Committee,

12/05/2017 11:42:04 AM | Posted in Commodity Top News read full news
Asia/Pacific CEOs expect productivity to increase 24% by 2018: Survey

Asia/Pacific CEOs expect productivity in their organisations to increase by 24 per cent by the end of 2018, with revenue and profitability as the top two indicators of success, according to a survey released on Thursday.

Gartner Inc.'s 2017 CEO survey uncovers a gap between what they want to achieve and where technology investments are being made.

According to

Taking IT revolution to smaller cities is like lighting a bulb, says STPI

In a move that could herald an IT revolution in small Indian cities, the Software Technology Parks of India (STPI) is all set to launch 1,000 seats in Patna this week, which is likely to create roughly 1,500 vacancies in the sector.

Functioning under the Ministry of Electronics and Information Technology, the STPI has plans to launch 48,000 such seats, with a target employment of

Focus on Q results, not long-term growth has created India's NPA conundrum

India's NPA problem has a flip side to it: the issue of rising corporate debts.

The IMF, in its latest Global Financial Stability Report, warned that rising corporate debts were a risk to growth in emerging markets and pointed out that India's debt is one of the highest among these economies. In fact, in 2016-17, trading in corporate debt securities at BSE and NSE shot up by 4

Madras Atomic Power Station unit 2 to restart on Monday

 The second 220 MW unit of the Madras Atomic Power Station (MAPS), run by Nuclear Power Corporation of India Ltd (NPCIL) at Kalpakkam near here, is expected to restart operations on May 8, a senior official said.

The Unit is under annual maintenance shutdown since March this year.

Speaking to IANS about the 220 MW Unit II, the Station Director at MAPS R. Satya

Equities to remain best-asset class in long-term: DSP Blackrock

DSP Blackrock said despite volatility, the domestic equities will continue to remain the best performing asset class in the long run given the fast improving macroeconomic conditions, reported PTI. "The country is well placed on growth and liquidity. Macro conditions are improving, the entrepreneurial environment is positive, and there is good value creation potential in a host of business

NBFCs retail credit to grow by 16-18 per cent in FY18: Icra

Icra said that the NBFCs retail credit which stood at Rs 5.6 trillion as on December 2016, is likely to expand by 16-18 per cent in the fiscal 2017-18, reported PTI. "Retail credit growth of NBFCs is expected to remain at about 16-18 per cent for fiscal 2018 as competitive pressures increase and some key asset classes (LAP, microfinance) are likely to witness slower growth over the medium

Asia FX sentiment improves as worries over French elections ebb: Reuters poll

SINGAPORE  - Sentiment toward Asian currencies has improved from two weeks ago, as worries about the risk of an anti-establishment shock from the French presidential elections subsided, a Reuters poll showed on Thursday.

Bullish bets on the Taiwan dollar nearly doubled compared with the previous poll two weeks ago, and ballooned to the largest since February 2011

After note ban, dodgy money converted into gold, stored in shell companies

The massive hunt for undeclared cash launched across the country post demonetisation has revealed that these was either converted into gold or routed through shell companies to make it legal tender, IT sleuths have told IANS.

Income Tax officials said black money holders avoided the bank-deposit route because they wanted to conceal their identities and somehow had "managed to get