India's annual retail inflation accelerated in December to a 17-month high of 5.21 percent, government data showed on Friday, mainly driven by faster rises in prices of food and fuel products.
Analysts polled by Reuters had forecast December's CPI inflation to rise to 5.10 percent from November's 4.88 percent.
* TCS result is largely in line with our estimate, driven by a strong traction in Digital revenue (up by 14% qoq). At 25.2% (up 10bps qoq), OPM is slightly better than our estimate, spurred by robust volume and cost efficiency.
* Digital revenue accounts for 22% of total revenue and is growing at 30% on TTM basis, with revenue of over US$3.3bn. The traction is driven by broadening as
Below Is the View On Tata Consultancy Services Limited 3QFY2018 Result By Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd)
“TCS posted a 1.0% sequential growth in USD revenues to US$4,787mn V/s US$4,801mn expected. In rupee terms, revenues came in at INR 30,904cr V/s INR 31,049cr, up 1.2% QoQ. On Constant Currency (CC) terms, the
2017 was a year where 2 major reforms, disrupted the Indian economy - Demonetization (which was enacted at end of CY’16) and implementation of GST. However the Indian economy remained resilient and showed positive growth in many parameters. The macro economic conditions of India have been the best in recent times and we see the sam
By Susan Mathew
Investors raised their long positions on most Asian currencies over the last three weeks, with the Indian rupee enjoying the biggest boost, as the dollar was hit by uncertainty over the pace of U.S. rate increases, the euro rally and possible tapering of Japanese stimulus.
The dollar ended 2017 lower, with the index measuring the greenback against a bas
By Shaloo Shrivastava
BENGALURU - India's retail inflation likely rose to a 17-month high in December, a Reuters poll showed, and that could push the central bank to tighten monetary policy.
After November's 15-month high of 4.88 percent, consumer price inflation likely climbed to 5.10 percent, which would the highest since July 2016, according to th
Moody's Investors Service, a global rating agency, has said that its Asian Liquidity Stress Indicator (Asian LSI) fell to 26.2 per cent in December 2017 from 26.4 per cent in November and 30.3 per cent at the end of 2016, signifying an improvement in liquidity for high-yield companies in Asia in December and from the end of 2016. The Asian LSI measures the percentage of high-yield companies
The decision to relax FDI norms in sectors like single-brand retail would lead to further increase in foreign investment inflows, industry body CII said as per thePTI report. Chandrajit Banerjee, Director General, CII said: "India continues to attract high levels of foreign direct investment. Today's announcement includes multiple measures targeted at specific sectors where opportuniti
India is one of the most important markets for Lenovo to not only sell its products, but to develop them, a top official of the Fortune 500 company said.
Yang Yuanqing, Chief Executive Officer of Lenovo, said that given India's population, it remains one of the largest and most important markets, and because of its tech talent, it allows the company to develop products.
New Delhi, Jan 10 The Unique Identification Authority of India (UIDAI) on Wednesday introduced 'Virtual ID' (VID) to safeguard Aadhaar cardholders' data.
VID will be a 16-digit, randomly-generated number which can be used for authentication instead of the original Aadhaar number, according to UIDAI.
This is how VID works:
Moody's Investors Service, a global rating agency, has said that a favorable growth environment underpins its stable outlook for sovereign creditworthiness in Asia Pacific (APAC) over the next 12 to 18 months, although high leverage remains a key credit constraint. "Robust economic strength in the region and high levels of trade openness leave the region's sovereigns well-positione
The Tax Cuts & Jobs Act (TCJA), signed into law on December 22, includes multiple changes to US federal tax provisions that could directly affect state revenues given the numerous linkages between state and federal tax codes, says Fitch Ratings. Under the current law, some states estimate that revenues could rise or fall significantly in upcoming fiscal years and forecasts will face greater
Industries globally, including in India, are going through a seismic change today when it comes to embracing disruptive technologies like Machine Learning (ML) and Artificial Intelligence (AI).
Sensing the future requirements, software giant Adobe India is already reskilling employees who have the right pace to catch up with the next wave of technology, a top company executive has str
Even as a lot of thrust is being given to the affordable housing segment, a report has flagged concerns about the growing delinquencies in this segment, which are expected to continue in 2018, reported PTI. Competitive pressures and larger exposure to the self-employed are the prime reasons for the build-up of stress in the segment, a joint report by Moodys and its domestic affiliate Icra said.
Below is the View On By Ashish Mehrotra, MD & CEO, Max Bupa Health Insurance
“Healthcare expenditure is a major cost for most Indians today as almost 62% of the healthcare spending is currently Out of Pocket. Financial pressure on individuals from such expenditure is constantly increasing given the high rate of medical inflation in India