Thursday's results show that Alibaba Group Holding Ltd , one of Asia's most valuable companies, continues to derive the lion's share of its revenue from e-commerce, despite strong growth in its entertainment and cloud businesses.
The GST has targeted black money which runs a parallel economy in the country, Das said while speaking at a workshop on GST here.
The company which makes and sells Indian whiskey, rum, brandy and other spirits through its subsidiary United Spirits (USL), had sales of 3,070 mn pounds (about Rs 25,482 crore) in last fiscal as against 2,465 mn pounds (about Rs 20,461 crore)in 2015-16, as per Diageo's annual report for 2016-17.
The telecom industry, including state-owned firms, and major banks have apprised the government about the financial stress, the telecom minister informed the Lok Sabha today.
Netflix shares leapt more than 10 percent to USD 178.75 in after-market trades that followed release of earnings figures showing the Silicon Valley-based company added 5.2 million subscribers in the recently ended quarter to raise the total to 103.95 million for its streaming service.
Armonk, New York-based IBM has in recent years shifted focus to pockets of growth across its business” high-margin areas such as cloud, cybersecurity and data analytics” to counter a slowdown in its hardware and software businesses.
In 2010, the realty firm had acquired 50 per cent stake in Courtyard Construction Pvt Ltd (CCPL), which owns this land parcel.
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced results for the fiscal 2017 fourth quarter and full year ended March 31, 2017.
India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA said today.
Indian Railways clock record high revenue in FY17 but is yet to improve the operating ratio, reports the Economic Times today.
Multiplex operator Miraj Cinemas plans to add 35 new screens to its network by October this year taking the total count to 100, a top company official said.
Revenues of Indian telecom companies could decline further in fiscal 2017-18, as the Telecom Regulatory Authority of India looks set to announce the new interconnect usage charges (IUC) in 3-6 months.
Net tax receipts stood at Rs 8.85 lakh crore for the same period and for the month of February the deficit is seen at Rs 41,400 crore against Rs 40,600 crore (YoY).
Telecom Commission's arguments that reduced tariffs and promo offers are lowering government revenue and hitting financials of the sector are "inconsistent" with public policy objectives, regulator Trai has said.
Expects a 10-15 percent growth in revenues and EBITDA growth of 25-30 percent for the fiscal year 2017-18, said Vikas Rathee, Group CFO, Prime Focus.
Multiplex operator PVR is looking at around 90 percent jump in revenue to around Rs 4,000 crore in four to five years driven by expansion across the country.
Company to seek exemption of more products
Railway Minister Suresh Prabhu today his ministry has drawn up a mission to save Rs 41,000 crore on electricity energy bills over the next ten years by betting big on solar energy, even as it expects to mop-up Rs 17,000 crore through non-fare revenue modes.
If train journeys were boring for you, Indian Railways will spice it up. It is planning to offer TV shows, movies and songs for the entertainment of its passengers, reports Business Standard.
Vodafone India and Idea Cellular today announced their long-anticipated merger, nearly a month after acknowledging that talks were on to join hands.
An estimated Rs 282,212 crore revenue will be generated through cess and surcharge in 2017-18, Finance Minister Arun Jaitley said today.
Global healthcare company Mylan has inked a settlement pack with Genentech and Roche in relation to patents for cancer drug Herceptin (Trastuzumab).
Airlines are likely to close thernoutgoing financial year with 22-23 per cent traffic growth,rnmaking it one of the best for the sector, even though thernpressure on their bottom line is increasing as oil prices arernon a northward-ho, says a report.
Air India's revenue is expected to grow to Rs 22,521 crore this financial year, a rise of around 10 per cent as against last fiscal's, on account of higher passenger earnings and increased capacity.
Credit quality of corporates is showing signs of gradual recovery driven by firm commodity prices, stable macros and lower interest costs, which will help boost their revenue growth to a five-year high of 8-9 per cent in fiscal 2018, rating agency Crisil said today.