The IIP in the past couple of months has been trending between 2 and 3 percent and that‘s why the street is expecting it to continue at the same level this month as well.
The index of industrial production (IIP) data is easier to predict because there is no new base but the estimates of IIP this time is that it should come in at around 1.8 to 2 percent against 3.8 percent on a month-on-month basis.
Aditya Puri of HDFC Bank Puri expects margins in the range of 4.2-4.5 percent. However, there could be some minor impact on margin which would be made up in the rest of the year," he adds.
Wipro Ltd. announced that Wipro BPO has been positioned among the top worldwide Finance and Accounting services providers by leading analyst firm HfS Research in its Blueprint Report on Finance and Accounting BPO, authored by analysts Phil Fersht and Brian Dubiel.
The company, which recently reduced 2G data tariffs by 90 per cent in Punjab and Haryana, is trying to boost up data usage and increase adoption for its 4G service for improving revenues.
The headline rate should be reduced so that the incentives can also be reduced, says Parthasarathi Shome, advisor to finance minister. Talking to CNBC-TV18, he says however, there has to be some broad understanding of revenue implications.
With the Indian car market veering towards diesel, Honda has had its share of trouble in India over the past couple of years. But the company is finally ready to jump on the diesel bandwagon, with its first compact sedan. The Amaze will debut next week.
Telecom subscriber base fell to 944.81 million in July from 965.52 million a month ago, the first ever decline in the country.
Driven by youth, Internet subscriber base in the country is expected to reach 150 million by the end of this year, says a report.
Bharti Airtel, which started mobile services business in 1995, today said that it has crossed the 200 million customers mark in India.
India's largest lender State Bank of India (SBI) on Wednesday said it will withdraw its teaser home loan rates effective from May 1.
World Cup minnows Netherland’s, Canada and Kenya get a helping hand from desi brands. SAB TV laughs its way up the entertainment channel order and Hindustan Unilever is serving up coffee.
The country's largest lender State Bank of India on Friday hiked lending and deposit rates on select maturities by 0.25 percentage points in response to policy rate hike announced by Reserve Bank last month.