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Government set to miss fiscal deficit target by a full 40 bps: Report

Friday, January 25, 2019, 8:54 PM

The government is set to breach the fiscal deficit target yet again by 40 bps for 2018-19, and raise the target to 3.5 percent for next fiscal in the forthcoming budget that may be skewed towards the rural economy, says a foreign brokerage report. In a note Friday, Bank of America Merrill Lynch, however, said the fiscal "risks are overdone".
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Netflix says its cash burn will peak this year, then go down

Friday, January 18, 2019, 7:54 AM

Netflix said its cash burn will peak in 2019 and likely drop-off in coming years. For the fourth-quarter, the streaming giant said its free cash flow deficit swelled to $1.32 billion, compared with deficit of $524 million a year ago. Netflix said that brings its cash burn up to $3 billion for 2018. Netflix also reported better-than-expected profit, but revenue fell short of expectations.
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Public sector banks recovery against NPAs doubles this year

Thursday, December 27, 2018, 7:11 AM

Public sector banks reported recovery of Rs.60,713Cr against NPAs in first-half of current-year, which is double of amount recovered in the corresponding period last-year and more significant returns on high-value accounts are expected, government has said. The government said rise in NPAs was in good-part due to banks being made to recognise stressed assets as NPAs and the withdrawal of restructuring schemes in 2017-18.

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