Q2 GDP is pegged at 5.8%

Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points......

India Inc's margin boost cushions slower revenue growth in Q1

Households may be feeling the pinch of higher inflation but corporate India is enjoying record high margins and profits. Illustration: Uttam Ghosh/Rediff.com The combined quarterly net profit of......

Indians remitted $6 bn in Q1FY23 under LRS scheme

Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) made a strong comeback in the first quarter of FY23 as Indians increased spending on......

Accenture's growth outlook augurs well for Indian IT services players

Accenture’s Q1 FY22 results have sent a wave of cheer among analysts, as the company raised its revenue guidance and said it expects double-digit growth in outsourcing, up from single digit......