Revenues

HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis

HSBC said last week it is pressing ahead with plans outlined in February to shift capital from underperforming businesses, reduce costs and strip out layers of management.

MaxWholesale raises $3 mn from IAN Fund, Abu Dhabi's Al Falaj Investments; aims to expand reach to kirana stores soon

With the fund infusion, MaxWholesale will hire talent to develop its technology further and accelerate growth

Budget 2020: If government is serious about growth revival, it shouldn’t be too focused on fiscal deficit target

The economic growth is dragged by a poor show in the manufacturing sector, lower revenue collections hampering the ability of the government to ramp up spending and the absence of consumer demand in Asia’s third-largest economy.

GST may have flaws but we cannot damn it; it is 'kanoon' of the country, says Finance Minister Nirmala Sitharaman

GST was launched across the country with effect from 1 July, 2017.

World Bank retains forecast of India's growth rate at 7.5% for current financial year, says will stay at this pace for next 2 fiscal

GST regime is still in the process of being fully established, creating some uncertainty about projections of government revenues, the World Bank said

Alibaba gets 51 percent increase in revenue by investing in new business lines

The e-commerce platform, Alibaba also opened 135 supermarkets in China under its Hema division.

Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes

The interim budget 2019 to be presented on 1 February 2019 by Finance Minister Arun Jaitley can correct this skew with some path-breaking reforms that might appear to be just reversal of the past policies.

Reliance Jio gains in majority of telecom circles; Airtel, Vodafone Idea improve revenue in metros in September quarter

Reliance Jio has emerged as the top telecom service provider in terms of AGR at Rs 8,271 crore for the July-September quarter for access services.

Infosys Q2 consolidated net profit rises 10.3% to Rs 4,110 cr, revenue up 17.3% at Rs 20,609 cr

Infosys retained its FY'19 revenue guidance in constant currency at 6-8 percent.

Petrol, diesel prices reduced by Rs 2.50: Duty rates have been cut on fuel, but how long can this be sustained?

This is a gamble which the government has taken because if prices move up further, it would not be possible to sustain these reductions as both the Centre and states are walking the tight fiscal rope