Total income stood at Rs 2,175.76 crore in the third quarter of this financial year as against Rs 2,229.49 crore in the corresponding period of the previous year, DCM Shriram, which is into sugar, fertilisers and chloro-vinyl businesses among others.
"To my mind, he (Trump) is negotiating... he seems to be throwing bombs in all directions and that is what is creating chaos," SpiceJet Chairman and Managing Director Ajay Singh said.
Net revenues fell by 19 percent to Rs 1,442 crore in the first quarter of this fiscal from Rs 1,789 crore in the corresponding period of the previous year.
The focus was on reducing costs and improving efficiencies in the Chloro vinyl business, said Ajay Shriram, Chariman and Senior MD, DCM Shriram.
Net profit of the company, which is engaged into sugar, fertiliser, bio-seeds and chloro-vinyl businesses, among others, stood at Rs 27.36 crore in the year-ago period.
"Industry expects that our leaders would seize the window of opportunity for the country for expediting growth, which is so important in this stage of India's development," former CII president Ajay Shriram said.
Diversified group DCM Shriram on Sunday reported a 30.5 percent decline in net profit at Rs 123 crore for the June quarter of the current fiscal.
According to a poll, the government still enjoys high approval ratings from corporate India. The two areas where there is clearly some displeasure include maiden Budget and a continuation of tax uncertainty.
RBI lowered interest rates by a total of 0.50 percent since January 2015, but banks are yet to pass on the benefit to borrowers. "With the RBI choosing not to reduce the policy interest rate, demand revival in the economy and pick up in the investment cycle would remain a tall order".
CII president Ajay Shriram spoke to CNBC-TV18's Shereen Bhan to discuss the industry body's expectations from the Budget.
Top on the list of priorities by India Inc is the demand to spur investment by cutting the MAT rate especially to boost manufacturing and to give a fillip to infrastructure projects.
CII president Ajay Shriram spoke to CNBC-TV18's Shereen Bhan to discuss the industry body's expectations from the Budget.
DCM Shriram on Tuesday reported 38 percent decline in its consolidated net profit at Rs 27.4 crore for the quarter ended December 31, 2014 on lower prices of sugar, chloro-vinyl and cement.
Talking about the GST rate, CII president, Ajay Shriram said it should be in the range of about 20%, lower than the state and centre averages.
According to CII , the induction of new (Cabinet) ministers and ministers of state would streamline governance and bring in new ideas for the economic reforms process.
An expert panel consisting Rashesh Shah, Chairman and CEO of the Edelweiss Financial Services Group, Kewal Handa, Former Managing Director of Pfizer India and Piruz Khambatta, Chairman Private limited discuss the agenda for the government beyond Budget 2014‘s hits and misses on ‘Change India‘s second episode.
The prime focus is on the crucial issue of food security. The proposed National Food Security bill aims to rid India of hunger and malnutrition. It aims to provide the basic minimum entitlement of food to those, who live below the poverty line.