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Search results for fy17

Taj to have 35-40 new properties overseas by 2030, says CEO
3 weeks, 6 days ago

Taj to have 35-40 new properties overseas by 2030, says CEO

New Indian Express  

MUMBAI: The Indian Hotels Company, the Tata group holding company that owns and operates the Taj brand of luxury hotels along with seven other brands, is on an aggressive overseas expansion with about 10 per cent of the planned 350 new properties to be added by 2030. Since FY18, the company has been on a strong wicket, more than doubling …

Properties Company Crore Taj Chhatwal
Second term for Trump likely to have limited negative impact on Indian IT sector: Report
1 month, 2 weeks ago

Second term for Trump likely to have limited negative impact on Indian IT sector: Report

Live Mint  

Donald Trump took to stage to on Wednesday to declare victory and pledged to bring a “golden age" to the United States. During his first term, former President Trump enacted Executive Order 13788, “Buy American and Hire American,” which increased restrictions on H-1B visas and led to a notable rise in H-1B and L-1 visa denial rates. Limited impact On …

Trump Indian Donald Trump Visas Jm Financial Limited Impact
More graduates but fewer relevant jobs: a possible factor behind Bangladesh protests
4 months, 1 week ago

More graduates but fewer relevant jobs: a possible factor behind Bangladesh protests

The Hindu  

A staggering rise in the share of urban Bangladeshi youth who finished college and no commensurate increase in the share of ‘white-collar’ jobs could be a major reason for the violent protests by students in the country’s cities, data show. Chart 1 shows the share of the urban population in Bangladesh aged 15 or above, who completed tertiary education, in …

Youth Population Jobs Urban Work Share Shows
Strong trade ties boosting India’s export market share: Economic Survey
5 months ago

Strong trade ties boosting India’s export market share: Economic Survey

Hindustan Times  

India is gaining market share in global exports of merchandise and services, benefiting from its strong trade relations across countries, which raised its share in global goods exports to 1.8% and services to 4.3% in FY24 as compared to an average of 1.7% and 3.3% respectively during FY16-FY20, the economic survey said on Monday. The government took various measures to …

Global India Services Overall Exports Billion Fy24
Household liabilities peak at 5.7%, savings at record low of 5.2% in FY23: RBI
6 months, 3 weeks ago

Household liabilities peak at 5.7%, savings at record low of 5.2% in FY23: RBI

New Indian Express  

MUMBAI: Driven by rising indebtedness, which hit an all-time high of 5.7 per cent in FY23, the net financial savings of the households, which has been the mainstay of savings in the economy, has been on a southward-ho from FY14, when it stood at 7.2 per cent of GDP has hit a record low of 5.2 percent in FY23, shows …

Hit Cent 3 Percent Fy23
Chart Beat: Exports a bright spot for cables & wires companies
8 months, 1 week ago

Chart Beat: Exports a bright spot for cables & wires companies

Live Mint  

Exports of cables & wires from India have been increasing and companies can capitalize on this trend. Data sourced from Motilal Oswal Financial Services shows that over FY17-23, cables & wires’ exports clocked a compound annual growth rate of 16%. Put another way, exports of cables & wires at $1,513 million during 9MFY24, were nearly 55% more than imports. Against …

India
Making sense of electoral bond judgment through data
10 months ago

Making sense of electoral bond judgment through data

The Hindu  

Last week, the Supreme Court ruled the electoral bonds Scheme unconstitutional, saying that the anonymous influx of funding to political parties, especially from corporations, hinders democratic legitimacy. In Justice Sanjiv Khanna’s opinion, “access to information which can materially shape the citizens’ choice is necessary for them to have a say in how their lives are affected.” This meant Solicitor General …

Data Political Parties Parties Income Bond Bjp Electoral
GST collections surge to second highest ever at 1.72 lakh crore in January
10 months, 3 weeks ago

GST collections surge to second highest ever at 1.72 lakh crore in January

India TV News  

Goods and Services Tax collections in January surged by 10.40 per cent to exceed Rs 1.72 lakh crore, reflecting buoyant economic activity and setting the stage for the next phase of GST reforms. This marks the second-highest monthly collection ever, with three months in the current fiscal year recording Rs 1.70 lakh crore or more in collections. The finance ministry …

India Crore Lakh Gst Gst Collections Collections Surge
ITC AGM 2023: Key takeaways from CMD Sanjiv Puri’s speech
1 year, 4 months ago

ITC AGM 2023: Key takeaways from CMD Sanjiv Puri’s speech

Live Mint  

ITC AGM 2023: The recently-announced demerger of ITC Hotels from the parent company will unlock value for ITC shareholders and sharpen capital allocation, said its Chairman and Managing Director Sanjiv Puri. Hotel business demerger “For ITC, the reorganization of business will sharpen capital allocation, improve asset efficiency ratios, unlock value for shareholders and enable leverage of institutional synergies,” Puri said. …

Business Company Brands Puri Itc Key Takeaways Fmcg
Welspun One’s second warehousing-focused fund raises ₹1,000 crore
1 year, 5 months ago

Welspun One’s second warehousing-focused fund raises ₹1,000 crore

Live Mint  

New Delhi: Welspun One Logistics Parks, an integrated fund and development management platform that invests in warehousing and logistics real estate, on Tuesday said it raised ₹1,000 crore within four months of launching its second fund. The potential corpus could reach ₹2,000 crore upon completion of the green shoe option, which would then rank it among the largest in the …

Welspun One
I-T dept sends tax demand notice to Amazon Web Services; Here’s why
1 year, 9 months ago

I-T dept sends tax demand notice to Amazon Web Services; Here’s why

Live Mint  

The income tax department has reportedly sent a tax demand notice to Amazon Web Services of ₹549 crore. The tax department has raised ₹190.85 crore tax demand for FY15 and ₹358.27 crore for FY17 by invoking Section 147 of the Income-tax Act. In January, the income tax department has also begun a probe against drug major Cipla over the allegations …

Notice Tax Department
Economic Survey 2023: School Enrolment Rate Increase, Steady Decline In Dropouts
1 year, 10 months ago

Economic Survey 2023: School Enrolment Rate Increase, Steady Decline In Dropouts

ABP News  

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the Economic Survey 2023 in the parliament today, January 31, 2023. The Economic Survey 2022-23 highlights a marked improvement in Gross Enrolment Ratio and Gender Parity in schools. Besides improved GER in school enrolment, the Economic Survey 2022-23 has also picked out the welcoming decrease in school drop-out rates. The …

Education School Survey Ger Enrolment Economic Survey School Enrolment
Zerodha’s Nikhil Kamath weighs in on India’s dipping export numbers
1 year, 11 months ago

Zerodha’s Nikhil Kamath weighs in on India’s dipping export numbers

Live Mint  

Amid lingering concerns that the US economy is headed for recession, Zerodha's Nikhil Kamath has flagged a dip in India's export numbers. The development comes even as reports quoting government officials suggested that India is likely to peg its nominal GDP growth at around 11% in the annual budget next week amid the prospect of weak exports. "The biggest risk …

India Cad Kamath Weak Export
Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report
1 year, 11 months ago

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

India TV News  

Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500 crore so far this fiscal, and are likely to close the financial year with around Rs 1.4 lakh crore. 4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing …

Bond High Crore Banks Lakh Bonds Debt Capital
Data | India’s imports from Russia soar amid sanctions
2 years, 5 months ago

Data | India’s imports from Russia soar amid sanctions

The Hindu  

Amid international sanctions imposed against Russia after its invasion of Ukraine in February, India’s imports from Russia have soared. India’s crude oil imports from Russia surged by 286% while coal imports surged by over 345% in the January-April 2022 period. About 7.5% of India’s fuel needs in April 2022 was sourced from Russia compared to 2% or less in many …

India Russia Oil Imports Share 2022 Crude Oil
Why is GST compensation important for states even after 5 years of new tax regime?
2 years, 5 months ago

Why is GST compensation important for states even after 5 years of new tax regime?

India Today  

It has been five years since the Goods and Services Tax was implemented in India and the government’s expected time for full transition into the new tax regime is now over. “Until the GST implementation, producing or exporting states besides collecting VAT used to collect central sales tax up to two per cent on the inter-state sales. After the GST …

Compensation Tax States Revenue Centre Cent Gst
Income Inequality Declined in India During Covid-19, Nation Managed Shocks Well: SBI Report
2 years, 5 months ago

Income Inequality Declined in India During Covid-19, Nation Managed Shocks Well: SBI Report

News 18  

Inequality of Income in India has declined significantly since FY17, while inequality has also declined during the pandemic, according to the latest SBI Ecowrap research report. The decline in income inequality has been significant since FY17, the year of big bang formalisation that started with demonetisation, RERA reforms and GST reform in FY18, said the report authored by Soumya Kanti …

India States Income Income Inequality Report Declined Sbi
Data | Coal demand-supply mismatch, rising prices and mounting debts plague thermal power generators
2 years, 6 months ago

Data | Coal demand-supply mismatch, rising prices and mounting debts plague thermal power generators

The Hindu  

On June 10, India’s power demand touched a record high of 211 GW even as the coal shortage continued with coal stocks available only for eight days. As chart 2 shows, the coal imported by power plants declined to 27 MT in FY22 from 66.06 MT in FY17. Perennial bottlenecks The use of imported coal will also push up the …

India Tamil Nadu States Plants Power Domestic Imports
Amazon Internet Services India falls into losses in FY20 even as revenue swells up 58 percent
4 years ago

Amazon Internet Services India falls into losses in FY20 even as revenue swells up 58 percent

Firstpost  

Amazon Internet Services, Amazon’s subsidiary, which undertakes the resale and marketing of Amazon Web Services’ cloud services in India, has shown a net loss of Rs 20 lakh for the financial year ended 31 March 2020 reported business intelligence platform Tofler. On the other hand, the revenues reported for FY20 stood at Rs 4,215.9 crore, up 58 percent from Rs …

India Services Amazon Crore Revenue Swells Tofler
Pandemic-driven Loan Recast to Take Gross Non-performing Assets to 11.5% by March: Report
4 years, 2 months ago

Pandemic-driven Loan Recast to Take Gross Non-performing Assets to 11.5% by March: Report

News 18  

The pandemic-induced one-time loan restructuring will spike the system-wide gross non-performing assets to 11-11.5 per cent by March, says a report. The system-wide GNPAs stood at 8.2 per cent in Q1 of FY21, down from 9.5 per cent in Q1 FY20, thanks to the recoveries and higher write-offs during the period. Of the total dud loans, state-run banks accounted for …

India Bank Loans Loan Crore Cent Lakh
Administrator of DHFL moves NCLT, alleges ₹12,705 cr fraud
4 years, 2 months ago

Administrator of DHFL moves NCLT, alleges ₹12,705 cr fraud

Live Mint  

MUMBAI: The administrator for Dewan Housing Finance Corp. Ltd on Sunday moved the National Company Law Tribunal against the company’s promoters Kapil and Dheeraj Wadhawan for alleged irregularities in loans worth ₹12,705.53 crore to slum rehabilitation projects, the company informed the stock exchanges on Monday. On 2 September, he had moved NCLT against the Wadhawans in connection with “fraudulently charging” …

Nclt Dhfl
Auditor Flags Fraudulent Transactions Worth Rs 12,705 Crore in DHFL Case
4 years, 2 months ago

Auditor Flags Fraudulent Transactions Worth Rs 12,705 Crore in DHFL Case

News 18  

Fraudulent transactions worth Rs 12,705.53 crore took place at debt-ridden mortgage firm DHFL during FY17 to FY19, according to transaction auditor Grant Thornton. "As per the Transaction Auditor's report shared with the Administrator, the monetary impact of the above transactions covered under the Application amount to Rs 12,705.53 crore, being the amount outstanding in the books of the company as …

Crore Nclt Transaction Dhfl Auditor
DHFL case: Auditor Grant Thornton flags fraudulent transactions worth ₹12,705 cr
4 years, 2 months ago

DHFL case: Auditor Grant Thornton flags fraudulent transactions worth ₹12,705 cr

Live Mint  

Fraudulent transactions worth ₹12,705.53 crore took place at debt-ridden mortgage firm DHFL during FY17 to FY19, according to transaction auditor Grant Thornton. Earlier this year, the administrator of Dewan Housing Finance Corporation Limited, appointed under the Insolvency and Bankruptcy Code, obtained assistance from Grant Thornton to conduct an investigation into the affairs of the mortgage firm. "As per the Transaction …

Nclt Transaction Grant Thornton Dhfl Auditor
Data | India's GDP was on a downward slope even before COVID-19 wreaked havoc
4 years, 3 months ago

Data | India's GDP was on a downward slope even before COVID-19 wreaked havoc

The Hindu  

Even before the COVID-19 outbreak, which led to a shutdown of the economy and made way for the worst contraction of India's GDP in decades in the April-June quarter, the economy was already witnessing a slowdown. Decelerating GDP growth, significant decrease in industrial output, fall in tax revenues and a massive reduction in power demand were all recorded well before …

Growth Covid Downward Slope