In a late week development, Infosys announced the appointment of Mr. Salil Parekh as the new MD & CEO of Infosys. The top job was being temporarily held by acting CEO Pravin Rao, who will not go back to his old role of COO of the company. It may be Read more [...]

Major News Item Impact Analysis     Ø  GDP growth for Sep-17 quarter comes in higher at 6.3% and GVA at 6.1% Ø  This marks a sharp improvement in GDP compared to just 5.7% growth recorded in the June quarter Ø  The Read more [...]

The GDP growth for the quarter ended September came in relatively higher at 6.3% compared to 5.7% in the June quarter. The GVA (gross value added) excluding the impact of taxes and subsidies, grew at 6.1%. Farm growth remained extremely muted at 1.7% Read more [...]

According to a report brought out by ICRA, the total banking credit provisions for the year 2018 is likely to be higher by 30% at Rs.260,000 crore. This sharply higher provisioning will be necessitated by the passage of the Insolvency and Bankruptcy Code Read more [...]

Bankruptcy Code The IBC gets a facelift, but will it defeat the entire process? The President of India gave his assent to an Ordinance to make amendments to the Insolvency & Bankruptcy Code (IBC). While the bill could have been passed in the Winter Read more [...]

 Midnight News Update – Nov 16th 2017   The Ministry of Petroleum decided to advance the date of BS-VI compliance for auto vehicles in the Delhi and NCT region from April 2020 to April 2018. This will mean that the oil marketing companies Read more [...]