Company BackgroundBirla Corporation Limited (BCL) is the flagship Company of the M.P. Birla Group. The Company is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well. The Company has recently acquired the enti...
Allahabad Bank has reported a net profit was` 28.84 crore in Q 1 FY 2017-18 against a loss of` 564.96 crore during Q 1 FY 2016-17. Operating profit of the Bank has surged by 20.97% in Q 1 FY 2017-18 year on year to`1170.32 crore as against` 967.44 crore in Q 1 FY 2016-17. At the same time, it is rep...
Tax-filing is a tedious and complicated process. Even though the income tax department is trying to make it easy for tax payers, the need of tax consultants is prominent. All India ITR (www.allindiaitr.com), a government autho-rised e-filing website, recently launched a platform offering income tax ...
RBI Governor Urjit Patel speaking on the Third Bi-Monthly Monetary Policy Statement 2017-18.The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points or 0.25% on August 1. It was an expected move. The repo rate is the rate at which the commercial banks take short term loan from the RB...
Company BackgroundBalkrishna Industries Limited is a leading manufacturer in the off-highway tyre market. It is focused on manufacturing a range of off-highway specialty tyres, which are used in agricultural, industrial, material handling, construction, earthmoving, forestry, lawn and garden equipme...
With the recent roll-out of the Goods and Services Tax (GST) regime, many industry observers have expressed hope that this will mark the revival of the leasing industry in India. For long, lease, as a financial instrument, has not quite taken off in India despite being an empirically proven cost-eff...
The stock market prices are rising to record levels. Reports show that at 32,000, the Sensex traded at 18.5 times the estimated one-year forward earnings. A comparison with the prices of stocks with those of emerging markets as a whole shows India has become relatively less attarctive now for the in...
his year is the 125th birth anniversary of Prasanta Chandra Mahalanobis. Pranab Mukherjee, who was serving as the President of India at the time of the programme, inaugurated the 11th Statistical Day at the Indian Statistical Institute, Calcutta, on June 29. Statistical Day is observed throughout In...
After the demonetisation policy, the Indian government set a target to install 10 lakh Point-of -Sale (POS) devices by March 2017. It also waived the 12.5% excise duty and 4% special excise duty on POS machines to incentivise banks and the manufacturers. While the doubling of POS terminals doubled...
The increasing number of mega multinational corporates with large asset bases in multiple countries has necessitated the advent of a centrally administered global insurance programme. Designing a global insurance programme that provides comprehensive cover along with providing efficiency, cost effec...
