Banks are joining foreign funds including SC Lowy in predicting risks from the Essar Steel sale to India’s attempts to clean up one of the world’s worst pile of soured debt.
The airline had a debt of more than Rs 54,000 crore last year when the government tried to sell a 76% stake in the airline.
The Coca-Cola India system provides direct employment to 25,000 people and indirect employment to more than 150,000 people.
HUL is also hoping to score on the green front with an environmentally friendly product.
The budget raised the tax surcharge on incomes between Rs 2 crore and up to Rs 5 crore to 25% from 15%, resulting in a maximum marginal tax rate of 39%, up from 35.88%.
Refineries in the path of Tropical Storm Barry continued to operate despite flood threats while the storm has slashed U.S. Gulf of Mexico crude output by 73%, or 1.38 million barrels per day.
The revenue and economic affairs departments are examining the issue in detail.
The 6.2 percent figure released by the National Bureau of Statistics was in line with a survey of analysts by AFP and down from a 6.4 percent expansion in the first quarter.
Infosys, lifted the revenue forecast for the fiscal year ending March 2020 to between 8.5% and 10% on constant currency basis as its first quarter net profit beat analysts’ estimates.
The board decided on fresh engine orders and the competitive bidding process in April.