Search Results for: fiscal deficit

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BJP-led Government Promises Low and Stable Tax

The BJP-led government on Friday promised to bring stability and simplification in tax administration with an aim to win back investors' confidence and stimulate economic growth. Jul 26, 2014
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Biocon reports marginal revenue for first quarter of current fiscal

Bangalore, July 26 (ANI): Biotechnology major, Biocon Ltd, reported revenue of nearly 3.5 percent and a net profit of only 10 percent for the fiscal 2014-2015. Chairperson of Biocon Ltd, Kiran Mazumdar Shaw, while addressing a news conference in Bangalore said the biopharma sales were slow this quarter as compared to the previous quarters. Shaw said ongoing crisis in Middle East might have been a major reason for reduction in revenues for the biopharma and said they are looking at other global markets to compensate for the same. Jul 26, 2014
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Cabinet Clears 49% FDI in Insurance

The union cabinet on Thursday cleared FDI cap hike in insurance from 26 percent to 49 percent, to ease FDI limit in the domestic insurance sector. Jul 25, 2014
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Wipro posts fiscal Q1 profit up 29.6 percent

Bangalore, July 25 (ANI): India_s third-biggest IT services exporter, Wipro Limited posted fiscal first-quarter profit up 29.6 percent and forecast a surge in revenue on the back of stronger spending on outsourcing by overseas clients. IT services revenue in Wipro_s fiscal first quarter that ended on June 30 rose 1.2 percent from the previous quarter to $1.7 billion, as it added 35 new clients. Consolidated net profit for the quarter grew 29.6 percent from a year earlier to 21.03 billion rupees, slightly below consensus estimates of 21.24 billion rupees. Total revenue rose 14 percent from a year earlier to 111.4 billion rupees. Jul 25, 2014
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AAP targets BJP over power tariff hike in Delhi

New Delhi, July 17 (ANI): Aam Aadmi Party on Thursday assailed the Modi government after the Delhi Electricity Regulatory Commission approved a tariff hike of 8.32 per cent for the three electricity distribution utilities (discoms), BSES Yamuna, BSES Rajdhani and Tata Power Delhi Distribution Ltd for the fiscal 2014-15. Tariff in the New Delhi Municipal Corporation area has also been hiked by 9.52 per cent. Jul 17, 2014
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