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HCL Tech Q3 net profit up 6% to Rs 2,194 crore

HCL Tech Q3 net profit up 6% to Rs 2,194 crore

Fri, Jan 19, 2018

The Noida-based firm had posted a net profit of Rs 2,070 crore in the year-ago period, it said in a statement.

Google takes new steps to boost subscriptions of news organisations, publishers

Google takes new steps to boost subscriptions of news organisations, publishers

Tue, Oct 03, 2017

Google said it is enging the First Click Free policy which required publishers to provide a minimum of three free articles per day via Google Search and Google News.

Will GST help drive truck demand in India?

Will GST help drive truck demand in India?

Fri, Aug 18, 2017

GST has reduced the time for trucks to deliver cargo and as a result has increased the efficiency of fleets and could increase the revenues of fleets significantly.

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GST may not raise revenues ''significantly'' in next few years: Fitch Ratings

GST may not raise revenues ''significantly'' in next few years: Fitch Ratings

Wed, May 24, 2017

Finance Minister Arun Jaitley had said that the revenues under GST may see an indirect increase with the widening of the tax net and less tax evasion.

Rupee appreciation likely to hurt margins of TCS, Infosys, others in Q1 FY18: Experts

Rupee appreciation likely to hurt margins of TCS, Infosys, others in Q1 FY18: Experts

Sat, May 20, 2017

The appreciation of Indian rupee is likely to hurt margins of Indian IT companies likes TCS, Infosys, Wipro, among others Q1 of FY18 as their services are billed in global currencies mainly in the US dollar and strengthening of the currency will lower their export earnings.

Britannia swats demonetisation woes; net profit up 5% in October-December

Britannia swats demonetisation woes; net profit up 5% in October-December

Mon, Feb 13, 2017

Britannia Industries on Monday reported 4.6% jump in the consolidated net profit for the third quarter of fiscal year 2016-17 (FY17).

Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings

Thu, Feb 09, 2017

India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Thu, Feb 09, 2017

Moody's has projected Tata Steel's leverage to remain high in the coming quarters of 2017.

Microsoft profit edges up 3.6% in second quarter as it acquires LinkedIn

Microsoft profit edges up 3.6% in second quarter as it acquires LinkedIn

Fri, Jan 27, 2017

Microsoft has reported 3.6% rise in profits for the second fiscal quarter on the back of acquiring social network company LinkedIn.

HCL Technologies hiring more locals in US, says visa dependency down

HCL Technologies hiring more locals in US, says visa dependency down

Tue, Jan 24, 2017

HCL Technologies on Tuesday said it has "stepped up" efforts in the US for campus and entry-level hires to support growth in coming quarters even though a "very high percentage of employees" is already local hires.

China 2016 home prices surge most in 5 years, but moderating, easing bubble fears

China 2016 home prices surge most in 5 years, but moderating, easing bubble fears

Wed, Jan 18, 2017

Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences.

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Mon, Jan 16, 2017

The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.

Tax collection to exceed budget estimates this fiscal: Arun Jaitley

Tax collection to exceed budget estimates this fiscal: Arun Jaitley

Wed, Jan 04, 2017

Finance Minister Arun Jaitley on Wednesday expressed confidence that direct and indirect tax mop-up will surpass Budget estimate of Rs 16.3 lakh crore by March-end.

Govt likely to meet fiscal deficit target of 3.5% of GDP in FY17: DBS

Govt likely to meet fiscal deficit target of 3.5% of GDP in FY17: DBS

Wed, Jan 04, 2017

Government is expected to meet the fiscal deficit target of 3.5% of GDP in the current financial year, despite recent demonetisation move and potential delay in roll out of the Goods and Services Tax (GST), says a report.

Amazon India, Flipkart, Paytm contribute 70% of total loss of Rs 10,670 crore in FY16

Amazon India, Flipkart, Paytm contribute 70% of total loss of Rs 10,670 crore in FY16

Wed, Dec 28, 2016

In a bid to capture a larger pie of India's booming e-commerce market, leading online retailers recorded 70% of total losses for the fiscal year 2015-16 (FY16),

China's November industry profits grow well, but chance to sustain gains clouded

China's November industry profits grow well, but chance to sustain gains clouded

Tue, Dec 27, 2016

China`s industrial sector showed the strongest profit growth in three months in November, suggesting the world`s second-largest economy was improving, though policymakers noted gains were too dependent on rebounding prices for oil products, iron and steel.

India needs globally compatible tax rates, says Arun Jaitley

India needs globally compatible tax rates, says Arun Jaitley

Tue, Dec 27, 2016

Finance Minister Arun Jaitley on Monday said a lower level of taxation that is globally compatible is necessary if the country has to have a broader base of economy.

Fight with Flipkart bleeds Amazon India; losses climb to nearly Rs 3,600 crore

Fight with Flipkart bleeds Amazon India; losses climb to nearly Rs 3,600 crore

Mon, Dec 26, 2016

In a bid to become number one e-commerce player in India, Amazon has incurred losses of over Rs 3,000 crore for its operations in the country for the fiscal year 2015-16 (FY16).

Now, pay extra charges to choose seats in domestic airlines, even for middle seat

Now, pay extra charges to choose seats in domestic airlines, even for middle seat

Sun, Dec 25, 2016

Shell out a little more even if you want a middle seat in flights with airlines charging extra for preferred seats as they look to increase their ancillary revenues amid stiff competition.

I saved the country, says PM Narendra Modi on demonetisation

I saved the country, says PM Narendra Modi on demonetisation

Sun, Dec 25, 2016

Prime Minister Narendra Modi on Saturday said that if the evils of corruption and black money had been tackled by the previous governments, he would not have been forced to take a tough decision like demonetisation.

DoT issues demand-cum-show notices to 6 telcos for Rs 29,474 crore

DoT issues demand-cum-show notices to 6 telcos for Rs 29,474 crore

Wed, Dec 14, 2016

"Department of Telecom has issued demand-cum-show cause notices to six private telecom companies on the basis of C&AG Report No 4 of 2016, for four financial years ie 2006-07 to 2009-10 for a total amount of Rs 29,474 crore on account of licence fee (LF)," Telecom Minister Manoj Sinha today said in a written reply to Lok Sabha.

Thomson Reuters likely to cut 2,000 jobs as profits slip

Thomson Reuters likely to cut 2,000 jobs as profits slip

Wed, Nov 02, 2016

Thomson Reuters announced a new "streamlining" plan on Tuesday to cut an estimated 2,000 jobs at the financial information group as it reported flat revenues and a drop in profits.

BlackBerry exits smartphone design with outsourcing plan; shares up 4%

BlackBerry exits smartphone design with outsourcing plan; shares up 4%

Wed, Sep 28, 2016

BlackBerry will outsource the development and design of its smartphones, a product category it helped pioneer and popularise, as the Canadian company bets on software and managing rival devices, it said on Wednesday.

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