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.
This is the first meeting between Gandhi and Kumar since the latter walked out of the National Democratic Alliance in Bihar and formed a 'Mahagathbandhan' government with the Rashtriya Janata Dal, the Congress and outside support of the Left.
With the assembly polls only two years away, in 2026, any demoralising defeat in 2024, would challenge not only the party's continued relevance but also EPS's leadership, asserts N Sathiya Moorthy.
Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.
Capital markets regulator Sebi has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI). The units of mutual funds are specifically excluded from the definition of securities under the rules.
Infosys, HCL might fare marginally better than TCS.
Mr Adani has a fight on his hands. It is not a fight to the death, asserts T N Ninan.
Bengaluru-based Prestige Estates Projects recently said it aims to double its annual residential sales bookings to Rs 25,000 crore by FY26 from its current markets and others such as Mumbai, Pune and National Capital Region (NCR). The company's chairman and managing director Irfan Razaq tells Raghavendra Kamath about his plans to achieve the target and outlook for the real estate market.
Global tech major IBM, which employs over a lakh individuals in India, on Wednesday termed moonlighting an unethical practice. Moonlighting, the practice of taking up secondary jobs after the regular work hours, has been highlighted by many tech companies of late. IBM's managing director for India and South Asia, Sandip Patel said, at the time of joining, the company's employees sign an agreement saying they will be working only for IBM.
Ahead of the inaugural edition of the Women's Premier League, Jemimah Rodrigues opened up on how the WPL is helping the Indian players deal with the T20 World Cup semifinal loss.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
The Tata group-owned Air India will induct over 90 aircraft in two years as it looks to widen its footprint and grab a larger market share. The plan includes 56 planes from the mega aircraft order that the airline has now finalised with Airbus and Boeing. These will be in addition to previously announced leases of 36 planes that include Airbus A320Neo, A321Neo, and Boeing 777 aircraft.
Micron plans an assembly testing, marking and packaging project of $1 billion, and talks are on to set up a memory chip plant for captive requirements.
The Tamil Nadu assembly on Monday adopted a resolution to urge the Centre and the President to fix a timeframe for state governors to approve bills adopted by the respective houses.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
Bihar Chief Minister Nitish Kumar's Janata Dal-United on Tuesday took out processions across the state, urging people to be on guard against the Bharatiya Janata Party's alleged politics of communalism.
India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
The Union Ministry of Home Affairs conveyed to Delhi's Lt Governor's office granting of sanction to prosecute Sisodia under Section 17 of the Prevention of Corruption Act, 1988 (powers to police for investigating a public servant).
In renaming TRS and repositioning it as a 'national' party, KCR is also eyeing a pole position in opposition politics ahead of the 2024 Lok Sabha elections.
'Cummins is not surprised at how fast the landscape is changing and told Fox Sports: " ... there's going to be other opportunities that are going to be really hard for players to say no to, different franchises around the world. I think realistically we've got to manage players a bit differently to what we have in the past.'
In addition to the negative sentiment as a consequence of changes announced in the Union Budget 2023-24 concerning tax treatment for debt repayment distribution, concerns about hiring slowdown and its leasing impact, as well as higher interest rates, could blight the sector in the near term.
Bursting firecrackers is not a matter of religion, it affects people's lives, Delhi environment minister Gopal Rai said on Wednesday and urged the Opposition not to jeopardise the well-being of children and the elderly for political ambitions.
Strange souls see a research report on an Indian conglomerate as part of a vast conspiracy to Keep India Down. There is only one possible response to this: Grow up. Nobody in the West cares enough about India or Adani to put all the effort into creating a giant conspiracy that links together BBC documentaries and short-sellers, points out Mihir S Sharma.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The IPL franchises are now expanding their bouquet of teams across leagues in the West Indies, UAE, South Africa and now the US is another untapped market that wasn't explored despite the Asian diaspora craving for some cricket.
Security forces took out flag marches at several places including Ferozepur, Bathinda, Rupnagar, Faridkot, Batala, Fazilka, Hoshiarpur, Gurdaspur, Moga and Jalandhar in a show of strength.
Disgruntled Janata Dal-United leader Upendra Kushwaha on Monday resigned from Chief Minister Nitish Kumar's party, less than two years after returning to the party, and announced formation of the 'Rashtriya Loktantrik Janata Dal'.
16 Indian Army divisions face China, 20 face Pakistan and two divisions are reserves. This powerful signal can hardly be missed in China or Pakistan, notes Ajai Shukla.
As the Kejriwal empire spreads, will he be able to keep the momentum going? And will it be at the cost of greater centralisation of authority in the party, asks Aditi Phadnis.
Despite consumer inflation, joblessness, etc, ordinary voters still think Modi is the best to rule the country.< Going into the poll with a tried and tested prime ministerial candidate is a huge plus for the BJP --- and a huge handicap for the Opposition, points out Virendra Kapoor.
Amid a buzz that Bihar Chief Minister Nitish Kumar may emerge as the opposition's prime ministerial candidate, his party Janata Dal-United said on Friday if other parties want so, then this is an option.
As part of the efforts to bring several opposition parties together on a common platform to defeat the BJP in 2024 Lok Sabha polls, Pawar met Kharge on Thursday evening.
The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent - soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government's decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India's first privately developed rocket on November 18.
'We do realise it is time to have a larger ambition.'
Returns on capital harder to sustain as debt levels rise; responsibility for this invariably of firms themselves
Is self-reliance the right approach in a mega-buck game, or better to be part of a network? asks T N Ninan.
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