Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Most of the index heavyweights are yet to declare their results.
'The IPO window has been more or less open since the new government in 2014.'
Global growth expectations have slumped to a five-month low.
Shares of most European banks are down significantly.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Typically these are high-beta stocks and earnings are volatile
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
Reason for rejection hasn't been stated; deal among seven rejected transactions.
The Indian indices also offer one of the lowest dividend yields.
This analysis is based on the quarterly earnings for 724 companies.
If financials and oil sectors were removed, India Inc has done quite well.
The recovery was led by information technology exporters.
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
During the 11 years ending FY15, Tata Sons cumulatively earned dividend income of around Rs 31,500 crore from TCS.
Analysts refuse to read too much into the early birds numbers.
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