Midnight News Update – Jan 18th 2017 The forthcoming Budget may see the service tax rate being hiked to 15% from the current level of 14%. Currently, service tax is charged at 14% but on top of that there is a 0.5% Swach Bharat Cess and another 0.5% Read more [...]

Reliance Industries’ net profits were up by 4% at Rs.8022 crore for the third quarter ended December 2016. Revenues for the period were up by 3.5% at Rs.66,606 crore. The good news was that the gross refining margins (GRM) went by from $10.1/bbl Read more [...]

Midnight News Update – Jan 16th 2017 Among the various customer-facing sectors hit by the demonetization drive, the realty sector seems to be the worst hit. Most developers in key geographies have seen sales dip by nearly 50% in the last 3 months. Read more [...]

   Big Shift at TCS          What are the challenges ahead of Rajesh Gopinathan? On a day when TCS announced a stable growth of 1.5% in revenues and 2.9% in profits, the attention was occupied by a different subject altogether. On the same Read more [...]

Highlights of the Week (Jan 09 – Jan 13) and Impact Analysis   Major News Item Impact Analysis     Ø Much awaited Trump Speech fails to cheer global markets Ø Trump’s conference did not Read more [...]

For the third quarter ending December 2016, TCS reported 1.5% growth in revenues at Rs.29,735 crore while net profits came in  2.9% higher at Rs.6778 crore. The strong growth in the digital business was the key driver of TCS for the third quarter. Read more [...]

The Trump speech was largely disappointing as it did not contain any specific references to his grand plan to cut personal and corporate taxes or to his plans of investing $ 1 trillion into US infrastructure. A large part of his speech was devoted Read more [...]

IndusInd announced its third quarter results on Tuesday with the company flattering on top-line and bottom-line growth. Net profit for the quarter was up by 29% at Rs.751 crore. Net interest income (NII) expanded by 34.5% for the quarter to Rs.1578 Read more [...]