In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
Putting money in key PSUs a better option
Pharma major Sun Pharma remained the worst loser in the Sensex pack for the second day in a row after reports that regulator Sebi may reopen the insider trading case against the company.
The 30-share barometer started higher, but lost its way soon after the railway budget.
Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors
An announcement has barred the entry of journalists in the finance ministry.
Market cap of government companies has remained unchanged in the past 8 years.
Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks.
The BSE on Monday slipped below the crucial Rs 100-lakh crore (Rs 100 trillion) mark as the benchmark Sensex lost 261 points.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
Discussions and deliberations need to be held on the purpose of imposing AFSPA and how to revoke it, Rio said during the public funeral of the 14 daily wage earners of a coal mine, who were shot dead by security forces on Saturday at Oting village on their way home from work.
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.
The 50-share NSE Nifty stayed in the positive zone and retook the 9,900-mark to hit a high of 9,905.05 as buying paced up towards the fag end. It settled higher by 72.45 points, or 0.74 per cent, at 9,899.60.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
The central government is devising a mechanism to step up screening imports to protect domestic manufacturers. The details of the online monitoring system may find mention in the foreign trade policy 2021-26, which will kick in next month. The online system will make the data available to the government as well as industry about the countries from where the goods are being imported, and their quantity and quality. The data can help domestic producers analyse the market potential for such goods, said a senior government official. In the past 16 months, the government had implemented a steel- and coal-import monitoring system.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
It includes a session with Gadkari on analysing the initiatives needed to bridge the $1 trillion infrastructure deficit in the country.
With their balance sheets under stress, private companies have lost interest in them.
A second wave of Covid driven by the Delta variant engulfed the country in May-June bringing the health system to its knees and leaving people gasping for help.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
'We are writing to respectfully ask you to abandon the Adani Group's proposal in Queensland's Galilee Basin...Pollution from burning coal was the single biggest driver of global warming, threatening life in Australia, India and all over the world'
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
Ministries such as road transport and heavy industries are learnt to have objected to NITI Aayog's attempts to become an implementing body for the EV programme.
However, the budget lacked very specific measures detailing how this will be achieved," the statement said.
Indian companies realise several business opportunities ahead of International Yoga Day on Sunday
Govt has drawn list of PSUs for strategic sale: Jaitley
Using available government data, the team is targeting $30-40 billion worth of iron and steel products that are imported into India.
The Sensex swung over 660 points both ways on alternate bouts of selling and buying before closing the day higher by 97.39 points, or 0.28 per cent.
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
The Narendra Modi-led government has issued around 50 fresh guidelines easing conditions for industry in about six months, beside launching an online system for applying environment clearances.
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
'Whichever option India chooses, it should be clear to the government that the China-Pakistan nexus poses a clear and present danger to national security,' says Brigadier Gurmeet Kanwal (retd).
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
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