Addressing the plenary session of the World Economic Forum at Davos, Switzerland; Mr. Modi estimated that India would be a $5 trillion economy by 2025 implying an annual nominal growth of over 10% annually. Modi also underlined that India had abolished Read more [...]

The Nifty level of 11,000 now looks like a formality considering the momentum that the market has shown in the last few days. Consumer stocks have driven the markets higher ably assisted by private banks. Consumer stocks like Jubilant Foods, Hindustan Read more [...]

The NIIF managed by the government of India and Dubai’s DP World have set up an investment platform to invest in ports terminals, transportation and logistics business in India. The platform will invest up to $3 billion in these assets. The platform Read more [...]

Reliance Jio turned around to profit during the third quarter ended December 2017 even as operating profits grew by 82%. The big boost to the Reliance Jio numbers came from its ARPU of Rs.154, which was sharply higher than the Rs.123 ARPU reported by Read more [...]

Why the government needs to be actually worried… The trade deficit for the month of December came in sharply higher at $15 billion. That is nearly $2 billion higher than normal months. While the spurt in trade deficit is understandable due to higher Read more [...]

Major News Item Impact Analysis IDFC Bank and Capital First announce plans to merge in the ratio of 139:10 IDFC Bank gets the retail reach of Capital First while in turn CF gets the more solid balance sheet of IDFC Bank IDFC Bank Read more [...]

GST rates have been cut on a total 29 goods and 53 categories of services and also propose to make the system of filing returns simpler to make the filing process more seamless. The GST Council has been struggling with falling GST revenues for quite some Read more [...]

Direct taxes collections have already jumped by 18.7% in this fiscal till middle of January 2018 compared to the corresponding period last year. Direct collections have already crossed 70% of the full year target of Rs.980,000 crore. This is after giving Read more [...]