In any industry, increase in competition thins margins. In banking, the number of players is set to increase from 45 in 2014 to 66 by 2016, which is a 45 percent rise in the number of competitors.
On the eve of Diwali, the government will launch important gold-related schemes, including the Gold Monetisation, Prime Minister Narendra Modi announced today, expressing confidence that it will give a new direction to the economic development.
Global e-commerce giant Amazon continues to invest "very heavily" in the Indian market, encouraged by its strong sales numbers and expanding seller base, a top company executive has said.
The festive season is around the corner but some of the cheer has been dampened because of the increased volatility that we have seen in the market of late. Will 2016 fare any better, will Diwali bring a revival in investors' fortune. Sumaira Abidi of CNBC-TV18 discusses these issues with Harsha Upadhyay, CIO - Equity, at Kotak Mutual Fund.
The month-long festive season, which began on Monday, culminates in Diwali, or the Festival of Lights, but the first nine days are considered an especially auspicious time to make big purchases.
Rahul Taneja, VP Category Management, Snapdeal, says the company experienced highest ever traffic with the e-tailer selling five phones per second.
Mohit Bansal, IIM-Ahmedabad Alumnus has joined the entrepreneurial bandwagon again by launching India-gift.in, an affordable gifting portal. ...
S Ravikumar, President - Business Development, Bajaj Auto, says the company plans to launch three new Avengers in October.
In an interview to CNBC-TV18, B Thiagarajan, executive director, Blue Star, says the company is hopeful of doing strong business in the room air conditioning and deep freezing business.
In an interview with CNBC-TV18, Govind Shrikhande, MD of Shoppers Stop said that the partnership is based on the click, collect and ship from store model and will be launched in the third quarter of this year.
Finance Minister Arun Jaitely in his Budget speech had announced 2 new schemes -Gold Monetisation Scheme and the Gold Bond Scheme - both with an intention to monetise physical holdings of gold and also to curb flow of unaccounted money for gold purchases.
Irked over the Chief Justice of India over holding a judges conference on Good Friday, Supreme Court Judge Kurian Joseph has written to Prime Minister Narendra Modi.
Dabur India matched street expectations with the third quarter consolidated net profit rising 16.4 percent year-on-year to Rs 282.8 crore. Consolidated net sales grew 9.2 percent to Rs 2,074 crore during October-December quarter from Rs 1,899.6 crore in the year-ago period.
In an interview to CNBC-TV18, Biyani says an early Diwali and unwarranted discount schemes has confused consumers and lead them to buy products they don‘t necessarily need.
Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
Narendra Modi has changed the game in Jammu & Kashmir where the moral ground is slipping from under the separatists and the dynasts. From Omar Abdullah to the PDP‘s Mehbooba Mufti, all are forced to acknowledge the change and fight for their political spaces.
India, the second biggest consumer of the yellow metal globally, imported 95 tonnes of gold in September ahead of festivals like `Akshaya Tritiya' and Diwali, which see huge rush of consumers at jewellery outlets across the country.
In an interview to CNBC-TV18, Kamal Gianchandani, President of PVR Pictures spoke about sales exceeding company‘s expectations backed by pre-festivities and Diwali cheer.
The stock has been on buyers‘ radar in this month. It had hit record high at Rs 3099 per share intraday on October 22, hoping to rake in strong sales during the festive season.
Second largest two-wheeler player Honda sees a massive surge in ownership replacement demand for the two-wheeler segment, in turn indicating a pick up in the economy.
Speaking about the cracker sales, Sunil Munjal, Joint MD of Hero MotoCorp told CNBC-TV18 that the automotive industry saw 16 percent growth in 2-wheelers over the last six months.
Udayan Mukherjee of CNBC-TV18 said that retail investor had been coming back into the market after five or six years and added that a large section of investors who did not participate in the 2003-2007 bull run should now look to become a bit more courageous towards equities
S Naren, CIO - Equities ICICI Prudential AMC, however, is more bullish on debt mutual funds than small or midcaps from a one-year perspective.
Wipro underperformed its peers in dollar revenue growth. TCS had reported 6.4 percent, Infosys 3.19 percent and HCL Technologies 1.9 percent growth in dollar revenue on sequential basis.
The market starts auspicious Mahurat trading session with smart gains. It also marks the beginning of Samavat 2071. The Nifty opened at 8029 up 21 points while the Sensex is up 68.91 points at 26856.14.