Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).
Domestic mergers and acquisitions transactions led the pack with 32 deals amounting to $5 billion.
From taxation of EPF contributions to new wage code, life won't be the same in FY22.
From real estate to metals, what Sitharaman's Budget has in store.
The Budget kept away from mood dampeners such as an increase in taxes (capital gain taxes) and even the much-feared introduction of Covid cess and wealth taxes, says Nimesh Kampani, chairman, JM Financial.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
Many changes are likely in the BJP and government in coming weeks.
Karnataka, Meghalaya, Punjab, Gujarat, Rajasthan, Telangana and Haryana have partially resumed operations.
We followed the highest standard of corporate governance and disclosures, says Nilekani.
Mid and small companies are more generous in rewarding their CEOs as compared to their larger peers.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
The new government's challenge would be to reverse the tide in FDI, boost manufacturing and come up with an e-commerce policy that is fair to all investors.
Exposure to these funds should not exceed 10% to 15% of the equity portfolio and the investment horizon should be at least seven years.
Investors should take limited exposure in credit risk funds.
On the flipside, since 60-70 per cent of the costs pertain to raw material, which are mostly imported, currency fluctuation is a key risk for the segment.
'We have to find a way out of this confrontational politics.'
Stockmarket Gurus Raamdeo Agrawal, Manish Gunwani, S Naren and Nilesh Shah discuss their favourite themes for the New Year.
Have you heard of the 'chillow' that can cool your pillow? Or the 'bedroom plant'?
From liquidity, monetary policy operations to financial inclusion, know about RBI monetary policy
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
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