Fiscal 2016

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Fiscal 2016 - Total results - 8
India's current account deficit narrows sharply to $0.3 bn on lower trade deficit
Business

India's current account deficit narrows sharply to $0.3 bn on lower trade deficit

India's current account deficit (CAD) narrowed sharply to USD 0.3 billion, or 0.1 per cent of GDP, in the fourth quarter of 2015-16 from USD 7.1 billion, or 1.3 per cent, in third quarter, on account of lower trade gap.

HDFC Ltd Q4 net profit jumps 31 per cent to Rs 3,460 crore
Business

HDFC Ltd Q4 net profit jumps 31 per cent to Rs 3,460 crore

Housing finance major HDFC Ltd today reported a 30.76 per cent surge in consolidated net profit to Rs 3,460.46 crore for the quarter ended March 31. The company's net profit after taxes was Rs 2,646.35 crore in January-March quarter of 2014-15.

FinMin approves 8.7% interest on EPF for 2015-16: Dattatreya
Business

FinMin approves 8.7% interest on EPF for 2015-16: Dattatreya

The Finance Ministry has approved 8.7 per cent interest on PF deposits for over 5 crore subscribers of retirement body EPFO, lower than 8.8 per cent decided by the Central Board of Trustees (CBT).

FDI in India reaches record $51 bn in 11 months of FY16: DIPP
Business

FDI in India reaches record $51 bn in 11 months of FY16: DIPP

Foreign Direct Investment into India touched the "highest ever" mark of USD 51 billion during the April-February period of last fiscal ended March 31, DIPP Secretary Ramesh Abhishek said today.

RIL posts 8-year high net profit in March quarter aided by higher refining and petrochem margins
Business

RIL posts 8-year high net profit in March quarter aided by higher refining and petrochem margins

Reliance Industries today reported a 16 percent jump in the March quarter net profit to a record quarterly earning of Rs 7,398 crore on the back of higher refining and petrochem margins.

Six reasons why 7.6% GDP growth estimate for FY16 is a myth
Business

Six reasons why 7.6% GDP growth estimate for FY16 is a myth

The manufacturing sector (including electricity and mining), grew at over 11.03 per cent, whereas Index of Industrial Production (IIP), core sector growth and PMI not necessarily show such a pick up.

India's exports may dip 13% to $270 bn in 2015-16
Business

India's exports may dip 13% to $270 bn in 2015-16

India's exports are expected to decline about 13 per cent to USD 270 billion in the current financial year due to global demand slowdown and fall in crude oil prices, a top official said today.