They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
Since you are betting only on a few stocks, the risks are high.
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
Twenty-six entities, including the Tatas, Aditya Birla Group, Anil Ambani-led Reliance Capital and Religare, apart from India Post, applied. Videocon Group, later on withdrew its application.
Daily turnover down by a third in December compared to previous months.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
'While investors in Reliance have had to play a game of patience for long stretches, for Anil the challenge is to do what used to be his brother's forte -- generating cash by putting assets in the ground and making things,' says T N Ninan.
The one common theme across companies that have rewarded shareholders is consumption.
The revival initiative allows RLIC policyholders to renew their lapsed policies by simply paying their due premium -- without any penalty or medical tests.
'The outcome of next year's assembly elections, macroeconomic indicators/corporate earnings growth and global events could keep the markets choppy.'
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Max Bupa, standalone private health insurer, is a joint venture between Max India (with 74 per cent stake) and UK-based global healthcare group Bupa (26 per cent).
Modi orders coal, insurance sector reforms.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
India's top private banks might soon exit from the gold coin business.
Rajesh Bhayani examines what SEBI's approval of diamond futures trading means for the diamond market players.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
There will be tripartite pact with member, bank/housing agency and EPFO.
The repo rate, at which RBI lends to the banking system, will be at 7.5%
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
While the number of international MF schemes is increasing, so is the confusion for investors.
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
ONGC was the top performer while private banking major ICICI Bank extended gains
The KYC parameters now include declaration of the gross annual income or net worth.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
The RBI has agreed to consider the application of India Post in consultation with the government.
Additional levy to eat into Rs 6,000-crore income of top promoters
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
PFRDA will invite bids to appoint pension fund managers.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Commercial papers, certificates of deposit also dry up
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
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The RBI has accepted the application withdrawal request, according to the statement.
Licence winners are expected to be announced by the first quarter of 2014.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
Bengaluru's average home prices are Rs 4,000 a sq ft.
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