Foreign investors have remained cautious ahead of the Union Budget amid expectations of limited policy changes.
'When AI comes in, coders in Bangalore or Hyderabad will lose their jobs.'
'More and more people from the middle class will become self-employed gig workers mostly working from home, rather than as office workers with salary, promotion, bonuses, etc.'
'Expect FPIs to continue selling for several months until the rupee stabilises.'
'Peninsular Indians could ask 'Why should we contribute half of India's tax revenues if we account for only a quarter of the seats in the Lok Sabha?'.' 'The rest of the country seems likely to counter that 'democracy means one vote per person irrespective of where that person resides in India'.' 'With no easy answers to this thorny debate, the south's economic ascendancy could end up creating a Hobson's choice.' A revealing excerpt from Nandita Rajhansa and Saurabh Mukherjea's book, Behold the Leviathan: The Unusual Rise of Modern India.
Rupee depreciation, if it continues, will likely pull the markets down further. Since September 2024, the rupee has declined by 3.1 per cent, the Nifty has dropped by 8.5 per cent during the same period, and the Sensex has fallen by 7.3 per cent. If the decline continues, markets will need to brace for more pain as it could push foreign portfolio investors (FPIs) to exit their positions faster than anticipated.
The former Davis Cup player and captain was felicitated by the AITA on bagging the ITF's 'Award for Services to the Game'.
After a brutal selloff since October, foreign portfolio investor (FPI) flows for the year-to-date (YTD) in 2024 have turned negative. In early September, YTD FPI investments peaked at a record Rs 22,000 crore ($2.6 billion). This wave of selling has also pulled down benchmark indices, with the Nifty's YTD returns declining to 11 per cent from their high of 21 per cent in September.
'...you evaluate three key factors before committing your money.'
'The economy is clearly at a very soft spot, and earnings growth is disappointing every day.' 'After three great years, the Indian economy has hit a rough patch.'
The top 100 companies have accounted for 63% of the gains (Rs 51 trillion out of Rs 81 trillion), while firms beyond the top 100 have contributed 37 per cent (Rs 30 trillion).
Mahesh Bhupathi and Rohan Bopanna may have fought hard to be sent as a team to the Olympics but they don't have much of a chance on the medal front given the line-up of stars which will compete in London, feels former Davis Cup captain Jaideep Mukherjea.
A combination of strong earnings and economic growth, and hopes of the Federal Reserve ending the rate-hike cycle have pushed gross buying of Indian equities by foreign portfolio investors (IPO) to a new high. In 2023, FPIs have been gross buyers of shares worth Rs 25.5 trillion, the highest ever in a calendar year. FPIs also sold shares worth Rs 23.9 trillion. On a net basis, they were net buyers to the tune of Rs 1.6 trillion, the highest since 2020.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
The court has directed the Central Bureau of Investigation to file its response to Mukerjea's plea.
Speaking to ANI, Khan said, "I have been informed by my client Indrani Mukherjea (mother and prime accused in this murder case) that a lady officer (inmate) has informed her that she met Sheena Bora on June 24 near Dal Lake."
The conflict in the top management became public last week with both sides accusing each other of mismanagement of the TV business. Sources in the Vir Sanghvi camp said that the investors were unhappy with the performance of the company's entertainment channel and Indrani Mukerjea's interference in the news business.
Former Star TV CEO Peter Mukerjea promoted INX Media and INX News on Wednesday officially announced plans to launch a new television network.
Six years and nine months after she was arrested for allegedly murdering her daughter Sheena Bora, former media executive Indrani Mukerjea walked out of the prison.
Did Sheena Bora board a Jet Airways flight on July 22, 2012, a full three months after her death in April 2012?
Apart from INX Media and Aircel-Maxis, the four other firms which are under the scanner are Diageo Scotland, Essar Steel, Katara Holdings and Elforge Ltd. These firms were granted FIPB approval when Chidambaram was the FM, reports Shrimi Choudhary.
Rahul told the court about his relationship with Sheena, and narrated the sequence of incidents after he dropped her near suburban Bandra on April 24, 2012, for her meeting with her mother Indrani.
Indrani said that one of her inmates in Byculla prison has told her that she had spotted Sheena in Kashmir some time ago.
The chargesheet names 14 accused, including the Congress leader's son Karti Chidambaram, Peter Mukherjea and Indrani Mukerjea.
Mumbai Police Commissioner Rakesh Maria tonight said the police have a fair idea of the motive behind the murder of Sheena Bora but declined to elaborate saying the "third accused" (Sanjeev Khanna) was yet to be interrogated.
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.
'The consolidation of the world's fifth-largest economy in the hands of 15-20 corporate giants is a once-in-generation event, which we are focusing on.'
In a U-turn, former Star India CEO Peter Mukherjea on Thursday said deceased Sheena Bora had informed him that she was his step-daughter but he had no reasons not to believe his wife Indrani's denial of that claim though he found it "difficult to digest".
It was a roller-coaster week for the markets, amid talk of a fiscal stimulus by the government. Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital tell Puneet Wadhwa the recent flows into equity mutual funds are largely speculative in nature and pose a risk of reversal.
'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.
Former Davis Cupper Jaideep Mukherjea was appointed president of the newly-formed Indian Tennis Players Association (ITPA) while Leander Paes was surprisingly named as one of three vice presidents.
The spotlight had fallen on Maria and his crack team after the CBI arrested media baron Peter Mukherjea last year. There were allegations that Maria had not probed the property angle in the case and not quizzed Mukherjea.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
Given the developments, analysts expect fiscal and monetary support from the government and RBI to revive sentiment. However, recovery, they say, from these levels will be slow and painful.
The living will do anything to save their lives. The dead can't defend themselves. Will Sheena Bora's good name survive her murder trial?
India's tennis fraternity lauded Paes for winning a Grand Slam title at the age of 38, describing him as a "born doubles player".
About 11 entities may be charged in the first charge sheet in the case, the sources said without elaborating on the issue.
The country's dash to a $3-trillion market cap is more a case of teamwork, than a few members doing most of the heavy lifting. Sample this: The share of top 100 companies to India's total market cap (BSE-listed companies' m-cap) is 67.3 per cent currently, less than what it has been when the nation hit previous milestones, such as $1 trillion, $1.5 trillion in 2007 or $2.5 trillion more recently in December 2020. In 2007, when India's m-cap topped the $1-trillion mark for the first time, the top 100 companies accounted for three-fourths of the total m-cap; at $1.5 trillion, the share was almost 80 per cent.
The market breadth has turned sharply positive since May amid hopes that a decline in Covid-19 infections will lead to a revival in the economy. At 3.8, the advance-decline ratio (ADR) for May was the best since June 2020. So far this month, the ratio has remained above three - in simpler words, for every declining stock, there were nearly four advancing stocks in May and three this month. ADR is a popular market breadth indicator, with a ratio of more than two signalling an extremely bullish undercurrent.
The venture, they said, would focus on technology and media opportunities in emerging markets. Industry sources said the focus would be on digital media, with India being the big driver.