Titan Industries is expecting revenue to grow at a faster clip next financial year. But some analysts seem to think otherwise. CLSA on Thursday maintained an "underperform" rating on the company, citing persistent concerns over demand growth.
Another round of talks between the government and industry is set to take place, with top corporate heads meeting Prime Minister Manmohan Singh later in the evening.
India Inc today met with Commerce Minister Anand Sharma to discuss the palpable slowdown in the economy, fall in industrial output and the issue of credit cost.
The Reserve Bank today said economic slowdown is contributing to decline in prices, but warned that inflation could bounce back on account of supply-demand mismatch.
Notwithstanding economic slowdown, the overall advance tax payout by top 100 companies jumped over 10% in the third quarter of the current fiscal.
The fear of an economic slowdown has turned to be a real one, as for the first time in recent months, India's industrial economy has actually shrunk, which may lead to job cuts, high inflation and more bearish stock markets.
Prashant Amin, executive director of Elecon Engineering spoke to CNBC-TV18 about the new orders the company has bagged from McNally Bharat and what it means for their financials.
Experts tell CNBC-TV18 that there are not going to be fireworks going off in the market during the December rally.
The unprecedented slide in the rupee may be giving importers sleepless nights, but exporters-especially IT firms—don’t have much to cheer either.
World oil demand will be lower than expected this year and next as economic slowdown and high prices curb consumption, the International Energy Agency (IEA) said on Thursday.
Amid concerns of economic slowdown and policy paralysis, noted industrialist and telecom czar Sunil Mittal today said "business is better than perception".
Global economic slowdown and uncertaintyin the financial markets is finally having its consequences on the Indian economy with all the lead indicators of growth showinga downward trend.
EBay Inc reported profit that matched Wall Street estimates and gave a restrained outlook for the rest of the year because of economic uncertainty, sending its shares lower.
Ashok Jha, former finance secretary and Ajay Shah, senior fellow at NIPFP, in an interview to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, shared their views on the government borrowing programme.
The economic affairs secretary today announced an increase in government borrowing for the second half of the fiscal (FY12) by Rs 52800 crore. He pointed towards the decline in small savings to be the reason behind the increase in gross borrowing.
Hefty refunds pulled down net direct tax collections by 8.14% to Rs 78,679 crore during the April-July period of this fiscal. Net direct tax collections stood at Rs 85,647 crore in the year-ago period.
An economic slowdown and debt market turmoil mean the European Central Bank will probably hit 'pause' on its interest rate raising cycle for several months and may even signal on Thursday a readiness to buy bonds again.
US stocks were set to post their best week in nearly a year on Friday as investors looked ahead to key national manufacturing data, with confidence growing that the economic slowdown could be temporary.
Inflation continued to play an important role in consumer spending indicating that buyers in India are likely to become more selective this year, according to a report by the Boston Consulting Group (BCG).
India's advance tax revenue grew 76.8% in the first quarter of this fiscal year to Rs 30,399 crore (USD 6.8 billion), despite fears of an economic slowdown, the Economic Times reported on Saturday.
Wall Street stocks rose and the euro steadied against the dollar on Thursday as investors tip-toed back into investments that had been beaten down recently by worries about the Greek debt crisis.
All the private sector lenders have paid up more in taxes this time. While the largest private sector lender ICICI Bank paid Rs 390 crore (Rs 350 crore), the immediate competition HDFC Bank coughed up Rs 350 crore (Rs 315 crore). Kotak Mahindra Bank's advance tax outgo stood at Rs 60 crore (Rs 45 crore) and Yes Bank paid Rs 60 crore (Rs 50 crore).
US stocks fell on Thursday following a rise in weekly jobless claims that added to concerns about an impending economic slowdown, while Goldman Sachs lowered its forecast for the S&P 500 index.
Gold steadied on Wednesday, surrendering some of the day's gains as the dollar pared earlier losses, although the prospect of greater demand from China helped support the market.
World stocks dropped further from recent three-year highs on Wednesday as falling commodity prices and concerns about signs of economic slowdown in China prompted investors to scale back risky positions.