After being deserted by people whose battles he fought, Amar Singh is going to have another go at politics, says Aditi Phadnis
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
Amar Singh built an extensive network for the party, and was often spotted with celebrities, from the Bachchans to Anil Ambani to Subrata Roy.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
Giving a thumbs up to the Union Budget 2010-11, which has offered tax relief to common man, experts termed the proposals as balanced and good for the stock market.
The deregulation of fuel prices will mean a valuation re-rating for most stocks in the sector, Amar Ambani, vice-president, research, at IIFL, speaks to the Business Standard.
The Reliance Industries vice-chairman would be supported by Samajwadi Party.
Amar Singh, general secretary of the Samajwadi Party, has written to the Securities and Exchange Board of India alleging insider trading in the shares of Mukesh Ambani-controlled Reliance Petroleum Ltd, on July 9, 2008, just days before his party voted in favour of the current ruling alliance at the centre.
After his friend Amitabh Bachchan became Gujarat's brand ambassador, expelled Samajwadi Party leader Amar Singh on Tuesday said Chief Minister Narendra Modi could be "loved or hated but not ignored".
From the Sensex pack, NTPC, Tata Motors, Titan, Larsen & Toubro, Reliance Industries, IndusInd Bank, Infosys, HDFC Bank and Power Grid were among the major gainers. Wipro and Tech Mahindra were the laggards.
For decades, Amar Singh, member of the Rajya Sabha, strode like a colossus on the Indian political stage. He was the man everyone loved to hate, but at the same time, most people would push and maneuver to be part of his well-attended parties and be seen with the man who became best friends with the likes of Amitabh Bachchan and Anil Ambani, two icons of modern India.
A look at the party pictures.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
From the 30-share pack, 24 companies fell, with Yes Bank emerging as the top loser, dropping 8.36 per cent, followed by NTPC, M&M and Vedanta.
All BSE sectoral indices ended in the red, with oil and gas, bankex, capital goods and finance falling up to 3.04 per cent.
Focus will, however, shift back to corporate earnings, liquidity situation and global events - specially crude price.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Attractive pricing coupled with improving prospects make the offer lucrative
His son and party chief Akhilesh Yadav lit the funeral pyre. The former Uttar Pradesh CM had died aged 82 at a private hospital in Haryana's Gurugram on Monday.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
Anil Kapoor, his wife and daughter, businessman Anil Ambani and his wife Tina, politician Amar Singh were at Mumbai airport to take Sridevi home.
Can the poll outcome be a trigger for a meaningful correction?
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
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Inflows cross $10-billion mark for 3rd consecutive year.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
Double whammy for consumer firms, where the top line will remain subdued due to demonetisation and margins will squeeze owing to a crude oil spike and rupee depreciation, reports Viveat Susan Pinto/Business Standard from Mumbai.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
"Sebi has informed that it has initiated an examination in the matter," Minister of state for Finance P K Bansal saidin a written reply. Bansal was replying to a query by Amar Singh (Samajwadi Party) on whether the government had taken any action against thepromoters/affiliates of Reliance Industries Ltd regarding the recent mammoth insider trading activities in the shares of Reliance Petroleum Ltd.
The government on Tuesday clarified that no papers of sensitive nature were ever given to Mukesh Ambani-run RIL or its Canadian partner Niko Resources, and added they were provided only those papers needed to implement the decision on pricing of natural gas from their field.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Malavika Sangghvi gives us fascinating glimpses from Dilip Kumar's life.
Over 900 listed firms yet to comply with new Sebi requirement due in less than 90 days
'Nowhere amidst the efflorescence of 13 military bands, 16 marching contingents and 22 tableaux was there any hint that far from being a rich country of poor people, the closely guarded secret is that India is a poor country of extremely rich people,' notes Sunanda K Datta-Ray.
Colleagues and friends mourn Sridevi.
'It will take me a while to process the meaning of the loss of a man who meant so much to me through my entire life,' says Aseem Chhabra.
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