Industry Research

Against a 7%-9% constant currency (CC) revenue growth for 2019 (with 150bps from acquisitions) that it had guided for when 4Q2018 results were declared, Cognizant Technology Solutions’ (CTS) lowered it to 3.6%-5.1% after a weak 1Q with no material pickup expected in 2HCY2019.
May 3, 2019, 11:11 a.m.
Publisher: nirmalbang.com

India’s car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over.
May 3, 2019, 10:32 a.m.
Publisher: bloombergquint.com

Auto sales failed to pick up in April and makers of cars and two-wheelers expect the slowdown to continue till at least September.
May 3, 2019, midnight
Publisher: bloombergquint.com

Banks can now declare defaulting accounts of debt-ridden Infrastructure Leasing and Financial Services (IL&FS) and its group companies as non-performing assets, but cannot initiate recovery proceedings.
May 2, 2019, 10:45 a.m.
Publisher: thehindubusinessline.com

Scramble for shipments comes just as the U.S. tightens its squeeze on Iranian flows, with sanctions waivers for several buyers.
May 2, 2019, 10:30 a.m.
Publisher: bloombergquint.com

In July last year, India imposed a 25 per cent safeguard duty on imports of solar cells and modules from China and Malaysia for the first year.
May 2, 2019, 9:33 a.m.
Publisher: electronicsb2b.com

Sugar mills can sell 2.1 million tonnes of the sweetener in the open market in the current month, higher than the April quota of 1.8 million tonne, according to a Food Ministry order.
May 1, 2019, 3:57 p.m.
Publisher: thehindubusinessline.com

India raised the base import price of crude palm oil by $5 to $545 per tonne, the government said in a statement on Wednesday.
May 1, 2019, 3:50 p.m.
Publisher: thehindubusinessline.com

The number of daily average transactions on the Unified Payments Interface of NPCI has seen an increase of 312.69 per cent from April 2018 to April 2019.
May 1, 2019, 3:30 p.m.
Publisher: thehindubusinessline.com

More than 30% of the respondents said that information about service charges was not shared by banks at the time of a/c opening.
May 1, 2019, 3:28 p.m.
Publisher: thehindubusinessline.com


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