The net worth of the five richest - Mukesh and Anil Ambani, KP Singh, Sunil Mittal and Azim Premji - on Monday plunged by Rs 11,015 crore (Rs 110.15 billion), taking their total loss to about Rs 67,200 crore (close to $17 billion) since October 17, when the meltdown began on the bourses.
Faced with abundant liquidity and flat credit off-take, banks are reversing interest rate hikes charged to large companies.In the first three months of this fiscal, most blue chips could access loans at a maximum of one to two percentage points below the PLR. Today, short-term loans (that is, for less than one year) for such companies are available between 7.5 and 9 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The heavy industries ministry has virtually consented to finance ministry's suggestion for part divestment of government equity in blue-chip PSU Bharat Heavy Electricals Ltd and auto joint venture Maruti Udyog in the current financial year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Signaling a growing clout of Indian blue chip banking scrips among foreign investors, HDFC Bank has joined ICICI Bank in the top five Sensex scrips held by foreign institutional investors
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
While black men are paid less than white men, black and Asian women are paid the least of all.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
58% growth in assets, 3 new fund houses, 38 new equity fund offers - that was 2006.
The broad-based Nifty slipped below the 8,600-level by losing 24.60 points, 0.28 per cent, to 8,590.65
Anil Ambani-controlled Reliance Communication Ventures Ltd, whose market cap has touched Rs 65,000 crore
Mahindra Holidays and Resorts India Ltd, part of the Mahindra and Mahindra Group, on Tuesday said it was in the process of identifying several locations in neighbouring countries to set up resorts.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nearly 400 stocks hit their 52-week low on BSE on Thursday.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Setting at rest any confusion over rollback of divestment of cash-rich oil companies in the wake of blue chip oil firms taking a beating in the stock market
Attractive price points and new technology will increase the acceptability of WiFi or public wireless local area network around the world and make it a commercial proposition, according to European research agency Ovum.
Over the past week, the BSE Sensex ended on a muted note, showing a marginal gain of 2.25 points at 28,114.56.
Investors on Friday lost a staggering Rs 50,000 crore (Rs 500 billion) in the stock markets as prices of most of the blue-chip shares fell sharply pulling down the Sensex by 220 points, the single largest fall since May 2004.
Shares of IT services major Wipro on Monday surged nearly 8 per cent after the company reported an 8 per cent growth in consolidated net profit in the December quarter.
Non-government provident funds have been allowed to invest five per cent of their assets in blue-chip shares and 10 per cent in corporate debts and equity-oriented mutual funds from April 2005.
Despite the general anticipation that the market was in for a correction today, it opened steady. Mixed trends pervaded, though, with selling in blue chips and stock-specific buying on select side counters.
As most of the blue-chip stocks rolled down, the investor's wealth shrunk by Rs 20,564.65 crore at Rs 14,75,697 crore in one day.
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