The results season is now on in full swing. We considered the main expectations of the December quarter corporate results. Our analysts looked at the performance of IT companies, from the possibility of a re-rating in Infosys to L&T Infotech firing on all cylinders. We checked out what D-Mart’s results say about its business model. And in our quest for value, we took a close look at the pharma sector. … [Read more...] about Moneycontrol Pro Weekender: Buy the rumour, buy the news?
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That said, it is a fact that loans to micro enterprises, classified as priority sector lending, has seen growth rates well below that notched up in the UPA-II period. This is true even for real rates of growth, or bank credit growth to micro-enterprises after adjusting for inflation. Moreover, the problem lies is lending to micro-enterprises in the manufacturing sector----credit to those in the services segment has held up well. … [Read more...] about Quick Take | The myth of low credit growth under the Modi government
According to a Business Insider report, members of Trump's national security team, namely then-Secretary of State Rex Tillerson, Director of the National Economic Council Gary Cohn and Defense Secretary Jim Mattis, all of whom left the posts since then, had concerns about his unawareness on certain key issues which were of significance from a diplomatic standpoint. They were hence trying to brief him on the same, when the president got annoyed and berated the officials. … [Read more...] about Trump called top officials ‘losers, dopes and babies’: Report
Earlier on January 17, former finance minister P Chidambaram also took a jibe a Piyush Goyal's ‘doing favour’ remark. He said in a sarcastic response, "The snub will reverse the successive decline in imports and exports." Chidambaram further added that Goyal's statements would make for a "great headline in the world's media". … [Read more...] about Amazon investment ‘welcome’, Piyush Goyal says earlier statement taken out of context
These ideas may range from repayment of the loans in tranches to the removal of the interest from the overall dues, according to a source quoted in the report. The source added that an independent panel to evaluate requests put forth by telecom companies could be set up on the condition that these companies would pay a portion of their dues right away. … [Read more...] about Govt may ease due repayment for telcos, evaluate requests: Report