Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The improving earnings and economic outlook has titled the scales back in favour of Indian equities this year, reports Pavan Burugula.
The benchmark indices have rallied 28 per cent this year, while the broader market has outperformed
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
China Development Bank takes Reliance Communications to NCLT over loan default
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
Valued at $71.2 billion, the bank's market capitalisation is more than that of global banks like Barclays, JP Morgan Chase and Credit Suisse.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
In the first nine months of 2017, investment banks pocketed Rs 500 crore for helping companies raise Rs 30,853 crore through IPOs.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Close to three dozen companies will launch their IPOs over the next four-six months.
The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
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