Railway budget to provide for installation of escalators and lifts at all major stations

With the aim of providing better amenities, Railways will make a budget provision of Rs 3,400 crore for installing about 3,000 escalators and 1,000 lifts at all major urban and suburban stations across the country.

This will facilitate smooth movement of passengers, including old and physically-challenged people.

While 372 escalators are meant to cover all stations including

Budget 2018: Opportunity to fulfil housing expectations of millions

 The "Housing for All by 2022" mission has set the stage for a robust recovery in the residential property market. In the past two years, we have seen an unprecedented focus on reforms channelised through the Benami Transactions (Prohibition) Amendment Act 2016, demonetisation, Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) regime. So, this time, the Budge

Real estate sector likely to come under GST from April 1: Expert

To enhance transparency in property transactions, the GST Council is expected to bring the real estate sector under the purview of the unified indirect tax regime GST from April 1 next, an expert has said.

"It could be introduced from 1st April, and the legislative changes could be done in this (budget) session to facilitate this," CBEC (Central Board of Excise and Customs)

Electric Vehicle: Clear policy and fiscal/non-fiscal incentives are key Localization of key - Motilal Oswal

EVs: Clear policy and fiscal/non-fiscal incentives are key Localization of key

EV components critical for lowering cost, protecting jobs We attended ‘ETAuto EV Conclave 2018’, a conference focused on electric vehicles (EVs), wherein key industry stakeholders brainstormed to chart a roadmap for EV transition in India. Notably, all stakehold

Trade activity indicate sharp widening of CAD in Q3FY18 - Emkay

Trade deficit widened in Dec’17 to a 3 year high of US$14.9bn on account of sharper increase in commodity and export-oriented imports. Overall trade activity both at services and at merchandise level has improved substantially. Exports grew by 12.4% yoy, on account of stronger Engineering Goods exports. Exports as well as imports growth in Dec’17 was concentrated. Higher inflation i

Real Estate Sector Update - Equirus Securities Pvt Ltd

Office leasing dips 14% in NCR in Jul-Dec: Report

According to Knight Frank India, office leasing dipped 14% year-on-year during Jul-Dec 2017 in the National Capital Region (NCR). The second half of 2017 witnessed a total office space leasing of 3.2 million sq ft.. Out of the overall leasing, Gurugram accounted for 59% followed by Noida and the seconda

India contributes $50K to UN Youth Envoy`s office

 India has contributed $50,000 to UN Secretary General Antonio Guterres's Office of Envoy on Youth to help with its mission of involving young people in the world body's goals.

Paulomi Tripathi, a First Secretary in India's UN Mission, handed over the contribution on Friday to the Youth Envoy, Jayathma Wickramanayake.

The contribution is voluntary with no st

Building Materials - Growth back in double digits albeit on a low base - ICICI sec

We estimate building material companies under our coverage to report aggregate revenue growth of 14.1% YoY in Q3FY18. We believe the acceleration in revenue growth rate is largely attributable to low base due to demonetisation in the corresponding quarter of previous year. We expect double digit growth across the pipes, sanitaryware and plywood segments while ceramic tiles segment is likely to

November IIP flatters on the upside at 8.4% - Angel Broking

Below Is the View On November IIP By Mr. Jaikishan J Parmar (Research Analyst, Angel Broking Pvt Ltd)

For the month of November 2017, the index of industrial production (IIP) was sharply higher at 8.4%. However, it needs to be noted that it could be partially attributed to the base effect as November 2016 was the month when IIP had taken a hit due to d

We maintain our Neutral rating on Infosys Ltd - Angel Broking

Below Is the View On Infosys Ltd  3QFY2018 Result By Ms.Sarabjit Kour Nangra (VP Research- IT, Angel Broking pvt Ltd)

“For 3QFY2018, the company ended up delivering results just in line on the US$ revenue front, while it delivered better than expected on the volume growth front. The volume growth, which came in at 1.6% QoQ, consequently aide

We maintain our Accumulate rating on Tata Consultancy Services Ltd - Emkay

* 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

We maintain our Reduce rating on Tata Consultancy Services Ltd - Angel Broking

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

India Market Outlook - 2018 - Mirae Asset Mutual Fund

Indian Economy

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

Most emerging Asian currencies get bullish lift; China` s yuan, Indian rupee solid: Reuters poll

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

Indian retail inflation likely hit a 17-month high in December: Reuters poll

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

Asian liquidity stress indicator improves in December, says Moody`s

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

FDI norm relaxation will help attract more investments: CII

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 one of most important markets to sell, develop products: Lenovo CEO

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. 

This is how UIDAI's 'Virtual ID' for Aadhaar will work

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:

APAC sovereign outlook for 2018 stable, says Moody`s

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

US States facing direct hit to revenues from tax changes: Fitch Rating

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

Reskilling our R and D engineers for next wave of technology: Adobe India

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

Affordable home-loans next threat to banks: Moodys-Icra

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.

Budget Expectations By Ashish Mehrotra - Max Bupa Health Insurance Ltd

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