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Infosys CFO MD Ranganath said. Infosys, which has cash reserve of about USD 6 billion on its books, has been under pressure from investors to utilise the amount either through share buyback or generous dividend. The pressure had grown further after Infosys industry peers Cognizant and Tata Consultancy Services announced their mega buyback offers worth USD 3.4 billion and Rs 16,000 crore, respectively, to return surplus cash to shareholders.... More
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The Reserve Bank of India on Tuesday kept its policy rates unchanged. The repo rate will continue to be at 7.25 per cent and the cash reserve ratio will remain 4 per cent.... More
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India and China are facing an exodus of their wealthiest citizens with tens of thousands of "high-net-worth individuals" (HNWIs) having left to seek greener pastures, according to a new report.... More
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The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs, is likely to submit its report to the Government next week, Finance MinisterArun Jaitley said today.... More
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Finance Minister Arun Jaitley has assured global investors that efforts are being made to allay their concerns on expediting reform process. Mr Jaitley, who began his 10-day trip to the US on Wednesday, said while there is "a lot of excitement and a lot of buzz" about India, there are concerns about the pace of reform process and taxation regime.... More
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Indian gold demand remained sluggish this week as concerns over a weak monsoon forced farmers, key to the country's bullion demand, to cut back spending.... More
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There is no surprise in the quarter percentage point rate cut announced by RaghuRam Rajan today. Financial markets were expecting the action. The high frequency macro economic data in the recent months too signaled scope for another rate cut from the Reserve Bank of India (RBI).... More
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When India releases data on Friday that is expected to show the economy growing faster than China for a second consecutive quarter, sceptics could be forgiven for asking:Why does it feel slow?... More
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Finance minister Arun Jaitley on Saturday said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challenge to the Indian economy.... More
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Finance Minister Arun Jaitley struck a conciliatory tone towards investors on Friday, promising to tax corporate profits at competitive rates and saying the government would do all in its power to implement a new goods and services tax (GST) on time.... More
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