Samie Modak And Shrimi Choudhary

Stories by Samie Modak And Shrimi Choudhary

Public sector IPOs to warm up to anchor investors

Public sector IPOs to warm up to anchor investors

Rediff.com   29 Jan 2021

Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.

Budget 2021: Govt stares at revenue shortfall of Rs 7 trillion this fiscal

Budget 2021: Govt stares at revenue shortfall of Rs 7 trillion this fiscal

Rediff.com   29 Jan 2021

Revenue from divestment has fetched Rs 40,000-50,000 crore against target of Rs 2.10 trillion.

Budget may open window for big-ticket foreign investments

Budget may open window for big-ticket foreign investments

Rediff.com   26 Jan 2021

The Centre plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction.

Budget 2021: Govt may target fiscal deficit at 4% of GDP by 2025-26

Budget 2021: Govt may target fiscal deficit at 4% of GDP by 2025-26

Rediff.com   25 Jan 2021

To enable widen the fiscal deficit beyond the permissible limit under the present legislation, the government may have to propose amendment to the FRBM Act in the Finance Bill.

Govt likely to unveil new DFI framework in Budget

Govt likely to unveil new DFI framework in Budget

Rediff.com   21 Jan 2021

Industry players believe the new DFI model will be initially risk capital, which will then be used to mobilise additional resources from development agencies such as World Bank.

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Over Rs 950-crore tax evasion by Swiggy, Flipkart unit,: I-T department

Rediff.com   21 Jan 2021

Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.

Budget 2021: Sharper focus on health care likely

Budget 2021: Sharper focus on health care likely

Rediff.com   20 Jan 2021

CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.

Govt mulls easing NPA norms

Govt mulls easing NPA norms

Rediff.com   18 Jan 2021

Move to increase 90-day window to 120 days to give more time to borrowers to service loans.

Tata Consumer may be added to Nifty

Tata Consumer may be added to Nifty

Rediff.com   16 Jan 2021

The firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March.

TCS' market capitalisation touches all-time high of Rs 12 trillion

TCS' market capitalisation touches all-time high of Rs 12 trillion

Rediff.com   15 Jan 2021

Currently, TCS is India's second most valuable firm after Reliance Industries, which has a market cap of nearly Rs 12.9 trillion.

Show-cause notice to Amazon India over Rs 175 cr tax demand

Show-cause notice to Amazon India over Rs 175 cr tax demand

Rediff.com   13 Jan 2021

Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit.

Mutual funds set for digital disruption

Mutual funds set for digital disruption

Rediff.com   31 Dec 2020

Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.

Ministries face cash crunch as winter session scrapped

Ministries face cash crunch as winter session scrapped

Rediff.com   28 Dec 2020

The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.

''No' vote could mean liquidation of securities'

''No' vote could mean liquidation of securities'

Rediff.com   26 Dec 2020

'We know that returning money to unitholders at the earliest is the first and most important step towards resurrecting our brand and regaining investor trust.'

Centre may not get costly Pfizer vaccine

Centre may not get costly Pfizer vaccine

Rediff.com   22 Dec 2020

At $37 per dose, the Pfizer vaccine is much more expensive compared to $3 per dose for the Covishield.

Sebi mulls separate department to check misuse of IPO funds

Sebi mulls separate department to check misuse of IPO funds

Rediff.com   18 Dec 2020

The new wing will be known as the corporate finance investigation department, which will be headed by one of Sebi's executive directors. This department will have information technology solutions experts, particularly to detect the menace of frauds.

India's m-cap hits $2.5 trillion after soaring 91% from March lows

India's m-cap hits $2.5 trillion after soaring 91% from March lows

Rediff.com   17 Dec 2020

In rupee terms, India's market cap is currently about Rs 184 trillion - 90 per cent of the GDP of Rs 203 trillion for FY20 at current prices.

'If junk stocks are rising, one has to be careful'

'If junk stocks are rising, one has to be careful'

Rediff.com   16 Dec 2020

'Investors should put their money in stocks where the margin of safety is high.'

IPOs have a very good 2020

IPOs have a very good 2020

Rediff.com   15 Dec 2020

Shares of all the 14 companies are currently trading above their issue price.

Bank, finance stocks make for nearly half of FPIs' record investment in Nov

Bank, finance stocks make for nearly half of FPIs' record investment in Nov

Rediff.com   15 Dec 2020

Experts said banking is a play on the economy and the latest buying into this space is underpinned by hopes of a sharper-than-expected recovery in the economy.