Page 5169 - Company News
Facebook vows aggressive investment as earnings surge
Facebook shares bounced with word that profit more than doubled in the final quarter of last year
 "Facebook vows aggressive investment as earnings surge")
Budget: Start-ups hail corporation tax cuts but say MAT still a concern
Chandni Jafri CEO of Mumbai Angel Network hailed the budget as being overall assertive
 "Budget: Start-ups hail corporation tax cuts but say MAT still a concern")
Budget: Jewellers say digitisation will boost sector, drive consumption
However, proposal to ban all cash transactions above Rs 3 lakh might affect demand in the sector
 "Budget: Jewellers say digitisation will boost sector, drive consumption")
Push to growth, no surprises
Focus on rural India and affordable housing positive; fiscal deficit target not easy
 "Push to growth, no surprises")
Tax for small firms reduced to 25%
Jaitley reduced income tax for small companies to 25% having annual revenue of up to Rs 50 crore
 "Tax for small firms reduced to 25%")
Satya Poddar: An inclusive and reformist Budget
The Budget has introduced many technical changes to provide relief to the taxpayers
Govt spend to lead infrastructure sector, private investment to wait
The decision to set up an integrated oil major company is expected to boost economic activity
 "Govt spend to lead infrastructure sector, private investment to wait")
Consumption boost for corporate India
Budget provides mild stimulus at bottom of the pyramid but not enough for turnaround in capex cycle
 "Consumption boost for corporate India")
Centre lifts subsidy on distribution of sugar via PDS, onus now on states
Overall subsidy burden on the government would go up marginally by 5% in 2017-18
 "Centre lifts subsidy on distribution of sugar via PDS, onus now on states")
HMSI sales up 2.85% in January at 3,89,486 units
In the domestic market, sales grew 1.77 per cent to 3,68,145 units last month
 "HMSI sales up 2.85% in January at 3,89,486 units")
Pharma sector unimpressed with the Union Budget
Will oppose moves on mandatory prescription of generic drugs
 "Pharma sector unimpressed with the Union Budget")
State Bank of Hyderabad Q3 net loss at Rs 619 crore
For the quarter-ended on December 2016
 "State Bank of Hyderabad Q3 net loss at Rs 619 crore")
Budget 2017: Higher disposable income could drive two wheeler sales
New I-T rates will leave an additional Rs 12,500 every year in the hands of millions of individuals
 "Budget 2017: Higher disposable income could drive two wheeler sales")
Domestic drug manufacturers unhappy with push for generics alone
It is felt that this proposal will hamper availability of branded drugs
 "Domestic drug manufacturers unhappy with push for generics alone")
Ashok Leyland sales up by 8% in January 2017
The company has sold 12,056 units in January 2017 as compared to 11,208 units, in January 2016
 "Ashok Leyland sales up by 8% in January 2017")
Indian Oil hikes jet fuel prices, cuts non-subsidised LPG rate
ATF now costs Rs 54,079.63 per kl in New Delhi
 "Indian Oil hikes jet fuel prices, cuts non-subsidised LPG rate")
Maruti Suzuki India sales jump 27.1% to 1,44,396 units in January
Domestic sales stood at 1,33,934 units, up 25.9 per cent from 1,06,383 in January last year
 "Maruti Suzuki India sales jump 27.1% to 1,44,396 units in January")
Toyota Kirloskar Motor sales rise 21% in January
Company had sold 8,511 units in the domestic market in January last year
 "Toyota Kirloskar Motor sales rise 21% in January")
Demonetisation great move for India in longer term: Apple CEO Tim Cook
Cook adds that the impact of demonetisation has not worked its way through yet
 "Demonetisation great move for India in longer term: Apple CEO Tim Cook")
Apple reports blockbuster quarter as iPhone sales top estimates
Apple sold 78.29 million iPhones in the first quarter ended December 31
 "Apple reports blockbuster quarter as iPhone sales top estimates")