Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
Markets
"I am not leaving the party. Defection is not in my blood," Pankaja told reporters.
'Looking at the changed political scenario in state, there is a need to think and decide the way ahead,' she wrote.
She hailed Prime Minister Narendra Modi, Union home minister Amit Shah and BJP president J P Nadda as her leaders.
The NCP is in talks with its ally Congress for a possible alliance with the Shiv Sena, after the Sena's alliance with the Bharatiya Janata Party fell apart over the chief minister's post.
The Bharatiya Janata Party leadership tried to influence Karnataka Lokayukta Justice Santosh Hegde against mentioning Chief Minister B S Yeddyurappa's name in the mining report that is all set to be released in July. "I was told by BJP leader Dhananjay Kumar (former Union minister from Mangalore) to go soft on Chief Minister B S Yeddyurappa while preparing the report on illegal mining," said Justice Hegde.
Munde, whose party is a key ally in the Shiv Sena-led Maha Vikas Aghadi government, has made the demand in a letter written to Thackeray on Monday.
This is first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher.
Pacers Dushmantha Chameera and Lahiru Gamage have been added to the Sri Lankan squad ahead of the third Test against India starting in Pallekele on Saturday.
Ravindra Jadeja on Saturday became the second fastest Indian to reach 150 Test wickets, behind team-mate Ravichandran Ashwin, when he bowled Dhananjay de Silva during the second Test against Sri Lanka in Colombo.
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The central probe agency had on Friday carried out a fresh round of searches in connection with the case, they said.
The Indian cricket team heaved a sigh of relief after opener Gautam Gambhir, manager Mayank Parekh and video analyst Dhananjay tested negative for Swine Flu in Mohali on Saturday.
A third domestic help of Bahujan Samaj Party MP Dhananjay Singh's wife Jagriti Singh has claimed that she too was assaulted.
In her three recent tweets posted on November 28, she congratulated Maharashtra's new Chief Minister Uddhav Thackeray but not the government formed by the Shiv Sena, Nationalist Congress Party and Congress.
The Maharashtra government will examine if the controversial outfit Hindu Rashtra Sena could be banned in the wake of Pune techie Mohsin Shaikh's murder, Home Minister R R Patil said in Mumbai.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
A domestic help working at Bahujan Samaj Party Member of Parliament Dhananjay Singh's residence in Delhi on Tuesday was found dead, with several injuries on the body, following which police detained the leader's wife Jagriti Singh for questioning.
Hitting out at the opposition BJP over its 'lust for power' and 'dirty politics', Thakur said that Maharashtra has given a new formula to the country. She also said that the Shiv Sena-led Maha Vikas Aghadi (MVA) government was stable.
The wife of former Star India CEO Peter Mukherjea was on Tuesday detained by police for her alleged role in her sister's murder in 2012.
150 BJP elected local representatives in Beed resign in protest against Pritam Munde's exclusion from the Union ministry.
This year, the combined net profit of 24 index companies, which have declared their June-20 numbers, has declined by 37 per cent year on year, while their revenues, including other income, is down by 21 per cent YoY so far.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
NCP chief Sharad Pawar told reporters that his nephew Ajit deliberately made those remarks to avoid media.
The India Meteorological Department (IMD) has forecast 'extremely heavy rains' at a few places in Marathwada, Mumbai and other parts of the coastal Konkan region of Maharashtra in the next 24 hours.
In the purported conversation she allegedly said she can buy anyone she wishes from the money provided for '25-15' -- a scheme meant for funding small works in rural areas.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
As Mumbai almost came to a halt after overnight rains, netizens and Mumbaikars took a dig at the Shiv Sena for the plight of their beloved city.
The 36 new ministers included 10 cabinet and four ministers of state (MoS) of the NCP, eight Cabinet and four MoS of the Sena, and eight Cabinet and two MoS of the Congress.
Minister Jayant Patil said the Shiv Sena-Congress-NCP government favoured granting relief to those who were falsely implicated.
In three of the past four years, 10-year returns have been 10 per cent or lower, making equity unattractive, compared to other asset classes.
When Home Minister Amit Shah, who was in Gujarat to cast his vote in the urban body polls, learnt of the poor voter, instead of heading home he went to the Motera stadium, organised a control room, and was on the phone with practically everybody assigned duty on the ground: MPs, MLAs and BJP office-bearers. His single commandment was to check the voter list and phone or personally get people to the booths, reports Radhika Ramaseshan.
An elderly woman sleeping on the footpath was crushed to death by a SUV driven by actor and filmmaker Sohail Khan's driver in suburban Bandra on Monday night.
Maharashtra Home Minister R R Patil has ordered the suspension of 32 policemen after an activist caught them on camera while allegedly accepting bribes to turn a blind eye to an illegal structure. The policemen are from the Nehru Nagar police station in suburban Kurla.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
The toll due to consumption of spurious liquor in the Malad area of Mumbai climbed to 94 with the death of four more persons on Sunday.
Dhananjay Sinha, co-head, institutional research, Emkay Global Financial Services tells Business Standard in an interview that even as global commodity prices have softened in response to expectations of weaker global demand, the stronger performance of equities is seemingly pre-empting stronger growth.
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