Numbercrunching

Don't cheer the new GDP data yet, India has not recovered in a big way

The overall size of nominal GDP remains on par with what it was under the earlier calculations, which means that the size of the cake has not changed much due to the concept being reckoned on a new base year and at market prices. We have changed the composition within by adding back taxes to the concept of GDP which has brought this number up to different levels.

Listed companies spent Rs 1,600 cr on audit fees during 2013-14

Listed companies doled out nearly Rs 1,600 crore in terms of audit fee during 2013-14 financial year and about one-fourth of this amount was pocketed by 'big four' accounting firms.

Investment in Indian markets via p-notes declined to $38 bn in December

Investment in Indian markets through P-Notesdeclined to Rs 2.36 lakh crore ($38 billion) in December from the preceding month.

The cost of power: BJP spent Rs 714 cr, Congress Rs 516 cr in 2014 polls

BJP and Congress spent over Rs 714 crore and Rs 516 crore respectively in 2014 general elections and recent Assembly polls in various states.

Mumbai leads in real estate NPAs, followed by Delhi

An estimated Rs 7,700-crore worth of residential and commercial properties as non-performing assets (NPAs) with banks and financial institutions are up for sale and Maharashtra, largely due to Mumbai, tops the list for bad loans to both commercial and residential properties, according to data compiled by NPAsource.com.<br /><br />

Forget one-off expensive deals, Q1 saw worst home sales in Mumbai

In the last one month, several big-ticket land deals and home sales in prime localities were front paged in national dailies creating an impression that real estate is actually not in that bad a shape. But the reality couldn't be further.<br /><br />

This data proves Mumbai is India's most unaffordable real estate market

Retail inflation cools to 9.87% in Dec, respite for RBI and UPA

India's stubbornly high inflation finally appears to be slowing down following a cooling in vegetable prices, bringing some relief to the ruling Congress party which is struggling to win back voters ahead of a national election due by May.<br /><br />

December trade deficit widens to over $10 bn, pressure on current account

India's trade deficit widened in December on slowing export growth which could pose pressure on the country's fragile current account balance.<br /><br />

Growth in China's services sector slows to lowest in over 2 yrs: HSBC PMI

Growth in China's services sector slowed sharply in December to its lowest point since August 2011, a private sector survey showed on Monday, adding to signs of slowing momentum in the world's second-largest economy.<br /><br />