On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
India's banks are propping up too many weak producers.
Lawyer of both the accused, asserted that CBI's case against both his clients was merely on the basis of recorded conversations allegedly intercepted by the agency.
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
RBI has identified about 50 cases for NPA resolution after it was empowered by the government to ask banks to initiate insolvency proceedings.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Himachal Pradesh Chief Minister Virbhadra Singh has been quizzed and his statement recorded by the Central Bureau of Investigation in connection with alleged kickbacks made to him and State Trading Corporation employees by some private companies.
Sanjeev Gupta of Liberty House, a global supplier of metals and engineering solutions, who has emerged front-runner for a number of stressed companies, plans to fund a string of companies through a mix of equity and debt.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The apex court raised the ceiling limit of iron ore mining from 28 MMT to 35 MMT for Ballari district, and from 7 MMT to 15 MMT for Chitradurga and Tumkur districts.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
'When a company goes into insolvency, by definition it means that existing shareholders have been wiped out.'
'One by one we are seeing these private banks taking people's money and mismanaging it.' 'In the last 30 years, 30 private banks have collapsed.' 'Nationalise all banks so that people's money is safe.'
Nitish Kumar has to make an existential choice: Between governance and politics, argues Aditi Phadnis.
Power sector accounts for 70% of total industrial water use; steel, paper also make it to the list.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
He is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal.
As many as 52 Indian companies raised money from external sources in October, of which $719.52 million was raised through automatic route for which no approval is required from the Reserve Bank of India or the government.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
More than 10% (40 of 498 companies) have lost at least half their market value.
The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved a three-month extension in Sudan's service, beyond the date of her superannuation, i.e. April 30, a personnel ministry order said. She will continue to function as the secretary of the Department of Health and Family Welfare during the period, it said.
Sensex ends belowe 26,800 on domestic concerns.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
Government may also consider giving relief to some of the worst-affected sectors.
New SDR norms allow promoters to manage debt-laden firms.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
Markets shrugged off RBI's neutral stance on key policy rates.
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
In corporate India where family disputes have become far too common, the Miglanis work as a team.
'I'm an unbalanced human,' the founding partner of AZB, India's top law firm, tells Pavan Lall.
