Today, it holds $131 billion in assets under management.
RIL's standalone net profit rose one per cent quarter-on-quarter
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Congress sitting MP Sanjay Nirupam is facing a tough contest from Bharatiya Janata Party Gopal Shetty in the North Mumbai Lok Sabha constituency, which goes to polls on April 24.
UBS India, the domestic franchise of Swiss banking major UBS Group which last month surrendered its banking licence, has started laying off around 50 people, who are affected by the decision.
Telcos have indicated that rates will have to be raised, as higher volumes alone will not suffice to meet the higher costs.
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Buying stocks during bad times can lead to good returns.
Spotlight likely on cement, metals, road cos
In the quarter ended September, the company's employee costs rose to an all-time high of Rs 1,580 crore (Rs 15.8 billion), even as company's margins took a beating.
With a rise of around 30 per cent in the benchmark index S&P BSE Sensex, 2014 has been the best year for Indian equity markets since 2009, when the benchmark index surged 81 per cent.
While companies having fewer visa holders in the US seem to be less exposed to rising protectionism, most front-line IT stocks are trading at attractive levels and, to a large extent, factor in near-term headwinds.
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
Bankers say it's a question of survival for debt-heavy companies.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Laggards yet, a number of smaller PSBs in the category have balance sheets which do not give much comfort.
Laggards yet, a number of smaller PSBs in the category have balance sheets which do not give much comfort.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
Positive cues from Asian peers also uplifted the sentiment.
Chances of a sudden collapse in the Shanghai Composite are remote.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
The RBI must cut rates to spur growth, say experts.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
A referendum will be held on Thursday, June 23, to decide whether Britain should exit (Britain's exit, hence the term Brexit) or remain in the European Union.
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
The strategy these online marketplace companies follow in the next few months will determine whether Amazon gets to be the leader in 2017.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars.
Ratnakar Bank to absorb RBS' employees involved in three businesses
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
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