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Economy Not as Strong as Consensus Believes

Markets this week seemed particularly confident that better economic news was just around the corner. Despite a lack of many definitive proposals, markets seemed sure that the combination of tax cuts and increased infrastructure spending is a done deal. This…

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Economy Not as Strong as Consensus Believes

Markets this week seemed particularly confident that better economic news was just around the corner. Despite a lack of many definitive proposals, markets seemed sure that the combination of tax cuts and increased infrastructure spending is a done deal. This…

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Note ban may lead to huge drop in economy: Kaushik Basu

Even if India manages to sail through the current financial year with a minor dent in its economic growth rate, financial year 2017-18 could witness big downturn due to the demonetisation drive, warned Kaushik Basu, former chief economist of the…

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Strides Shasun to acquire Perrigo API India for ?100 cr

Drug firm Strides Shasun will acquire Perrigo API India for Rs 100 crore as it looks to build an integrated portfolio of niche products with small volumes in regulated markets.The transaction is subject to customary closing conditions and is expected…

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DLF?s Q2 net profit Rs 206.09 crore

Realty developer DLF has reported marginal on-year decline in consolidated net profit of Rs 206.09 crore for the quarter ended September. Income from operations for the quarter rose 1.5 per cent to Rs 2070.67 crore, the company said in a…

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NLC India 2qtr net dip 16.2% to Rs 440.12 Cr

Public sector NLC India (Neyveli Lignite Corporation) as recorded a 16.2 per cent dip in its net profits for the quarter ending September 30, 2016 to Rs 440.12 crore. The net profits of Tamil Nadu-based company had registered Rs 525.82…

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Apple invests in China wind farm Goldwind

Apple has struck a partnership with the world?s largest wind turbine maker, the American company said, marking the tech giant?s largest clean energy project to date.It bought a 30 per cent stake in subsidiaries of China- based Goldwind to run…

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Apple invests in China wind farm Goldwind

Apple has struck a partnership with the world?s largest wind turbine maker, the American company said, marking the tech giant?s largest clean energy project to date.It bought a 30 per cent stake in subsidiaries of China- based Goldwind to run…

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M&M to curb production in December to adjust inventory

Home-grown auto major Mahindra & Mahindra today said it will stop production on certain days this month besides its planned annual maintenance shutdown at some of its automotive and tractor plants to adjust inventories. “The company will be undertaking scheduled…

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UK trade deficit narrows in October

The UK trade deficit in goods and services narrowed to ?2bn in October as exports rose, official figures show. Exports increased by ?2bn, lifted by machinery and transport orders, while imports decreased by ?1.8bn, the Office for National Statistics (ONS)…

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