First signs of recovery in December quarter corporate earnings

Mumbai: Corporate earnings showed the first signs of recovery in the December quarter as the negative effects of demonetisation and the subsequent goods and services tax (GST) implementation started to reverse, but analysts stopped short of calling it a full-blown turnaround. A Mint analysis of 2,040 listed companies showed that aggregate net profit, after adjusting […]

Govt redefines MSMEs based on annual revenue

The Union cabinet on Wednesday approved a proposal to redefine micro, small and medium enterprises, or MSMEs, based on their annual revenue, replacing the current definition that relies on self-declared investment on plant and machinery. The move is expected to improve ease of doing business, avoid unnecessary inspections and at the same time enable the […]