The roll out of the biggest tax reform since Independence has been "relatively smooth" with multi-layer monitoring and officers of the tax department have been working overtime to weed out major bottlenecks in the implementation
Gold demand fell in India this week, with dealers offering a discount for the first time in one month despite a correction in local prices as consumers advanced purchases in June before the rollout of a new nationwide sales tax
Gold prices today followed the global trend by sliding Rs 250 to Rs 28,900 per 10 grams as a strong dollar dented the precious metal's demand amid a dwindling interest from local jewellers
N Srinivasan, VC & MD, India Cements said although the demand for cement has not been significant yet, he is optimistic of seeing an increase in demand going forward.
The demand for student housing is expected to see a rapid growth in India and real estate firms should tap opportunity in this segment to beat current slowdown in the residential market, according to JLL India.
March is leaving cement industry watchers quite confounded.
India Ratings and Research (Ind-Ra) today maintained its negative outlook for the base metal sector for next fiscal as new capacity expansion amid weak demand is likely to create surplus stocks, putting pressure on premiums.
There has been steady increase in demand, says K Ravi, MD of NCL Industries. A further increase in prices is likely in the near-term, he adds.
The Central Statistical Organisation (CSO) may project FY17 gross domestic product (GDP) growth at 6.8- 6.9 percent in its second advance estimates, say government sources to CNBC-TV18. CSO will release the numbers on February 20.
Tea producer Jayshree Tea‘s net profit fell 98 percent on the back of lower tea prices. Speaking to CNBC-TV18, company‘s MD and CEO, DP Maheshwari, said prices of high quality tea have gone down by Rs 30-40.
"It will take probably one-two months more for the prices to come back", Subhash Jajoo, CFO of Shree Cements told CNBC-TV18.
Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices after three straight years of losses blunted appetite for the metal.
Rising oil prices will lead to higher inflation in the eurozone over the next two years than previously expected, a European Central Bank survey said today.
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.
Protectionism apart, Indian steel sector is likely to gain from expected revival in construction activity with affordable housing roll-out and pick up in auto sales.
Following Finance Minister Arun Jaitley's comments on direct and indirect taxes, economists have not changed their estimates for the tax collection. According to them, better performance on indirect taxes was expected due to the higher fuel excise hike.
Crude prices have started to rise but what's worrying experts is the rise in US shale production. Matt Smith, Director of Commodity Research at Clipperdata says as crude prices rises, so will the US shale output.
The government today removed the minimum export price (MEP) on potato, which was imposed in July, to boost shipments of the kitchen staple.
"All two-wheeler manufacturers in the country are trying to be BS-IV compliant by April next year. We want to be the first ones to transition to the next emission levels," Bajaj Auto Ltd President (Motorcycle) Eric Vas told PTI.
Watch the interview of Surendra Mehta of India Bullion and Jewellers Association with Manisha Gupta on CNBC-TV18. He speaks about gold and gold prices.
The company will increase prices of its passenger vehicles starting from Rs 5,000 up to Rs 25,000 depending on the model due to various macro-economic factors.
B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.
In conversation with CNBC-TV18, Oil Minister Dharmendra Pradhan said that the consumer market will be affected with the rise in crude prices.
The upside in gold prices is limited to USD 1,300 and the prices could come down in the near-term, says Georgette Boele, ABN AMRO Group Economics.