Tag: FY17

Carefully crafted policies unlock investments in infra:Gadkari

Carefully crafted policy interventions not only unlocked huge investments but saw record awards for building 15,948 km highways in 2016-17, Union Minister Nitin Gadkari has told the Prime Minister. In a letter to Prime Minister Narendra Modi, Road Transport and Highways Minister Gadkari thanked him for “guidance and careful attention” for a turnaround of the...

April 27, 2017

Power sector sees coal supply from Coal India Ltd rising to 420 MT in FY17

The supply of coal by state-owned Coal India Ltd (CIL) to power sector increased by 1.3 per cent to 420.2 million tonnes (MT) in 2016-17. The increase in supply comes at a time when demand of coal by the power sector has picked up on back of economy doing well. CIL which accounts for over 80...

April 19, 2017

Infosys net up 6.4% for fiscal 2016-17

Global software major Infosys Ltd has posted Rs.14,353 crore consolidated net profit for the fiscal 2016-17, registering 6.4 per cent annual growth from Rs.13,491 crore in the fiscal 2015-16. In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the fiscal under review (FY 2017) increased 9.7 per cent...

April 13, 2017

MF inflows in stocks drop 27 pc to Rs.51,000 crore in FY17

Mutual fund managers' investment in equities declined by 27 per cent to over Rs.51,000 crore in 2016-17 due to volatility in stock markets. However, fund houses are upbeat about the industry's performance in the new fiscal while expecting investment from new investors to fuel the growth of the sector. As per data released by the...

April 9, 2017