With another rate cut unlikely to happen soon, coupled with a muted order inflow trend, investors should tread with caution.
The Andhra Pradesh government's attempt to ride roughshod over the Environment Protection Act 1986 to allow a massive private thermal power plant on the wetlands of Srikakulam district has failed.
The government's ambitious highway projects under the public-private partnership mode are in serious trouble. Construction companies have either not put in bids or have withdrawn from 20 such projects, which fall under the build, operate and transfer scheme.
Under the RFQ, companies had to initially participate in technical bids based on certain minimum criteria such as net worth, experience and so on. Only five or six companies that scored the highest on this basis were then permitted to put in financial bids.
The potential entrants include the Essar Group, Punj Lloyd, Larsen & Toubro, real estate developer Atlanta, Hyderabad-based Nagarjuna Construction and Delhi-based DS Constructions.
Asian Paints, Cipla, Bharat Forge, Dabur India, Nicholas Piramal and Satyam Computer Services are among the 20 Indian corporate entities that have found place in Forbes' list of 'Best Small Asian Companies'.
'To which brother will the senior Reliance executives be loyal to is the question. But it's too early to tell, says Ramesh Shrichand Damani.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 39-year-old, the fifth child of an illiterate labourer couple and only the second of their eight to be educated, now helms various ventures that bring in a turnover of between Rs 75 crore and Rs 90 crore.
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