Karvy expects individual wealth in India to grow to Rs 558-lakh crore at a CAGR of 12.9% over the next five years.
A majority of the CEOs are expecting the economy to show growth in the next financial year on the back of rising consumer spending and a sharp turnaround in rural India.
Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.
ITC has extensively reset its strategy and will explore opportunities to craft disruptive business models to set up structural drivers helmed by digital and sustainability for its next horizon of growth and make the company future-ready, chairman Sanjiv Puri said on Wednesday. The company is pursuing an accelerated journey to build a dynamic utureTech' enterprise by investing in cutting-edge digital technologies to shape a new paradigm of competitiveness, create innovative business models and tap newer opportunities, he said while addressing shareholders at ITC's virtual annual general meeting. As part of the next horizon vision, the company is "proactively exploring inorganic opportunities" even as it has shrunk "business segments that were incongruent to our growth aspirations, such as the Lifestyle Retailing Business" while the existing growth platforms comprising megabrands will be scaled up and fortified.
India did not create the problem. But if it had a better functioning government system, it would have been able to deal with it at lower cost to its citizens, explains T N Ninan.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year. This is the second highest fall in residential sales in the past five years, after Q1, 2017, when the decline, due to the note ban, was 37 per cent.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
Sending money to families in India will get more expensive
Gold, forex assets, IT sector, pharma. Devangshu Datta explains why each of these is a good hedge against market shocks at this time.
'Hope they don't tinker around with capital gains tax in any way.'
The 79th Annual Golden Globe awards have been announced. A quick look at the winners.
Had he not taken his final curtain call on April 23, 1992, Satyajit Ray would still, undoubtedly, have been making movies.
A good deal of the 92nd Academy Awards (going hostless second year in a row) was a drag what with a staggeringly dull red carpet, long-winded, lacklustre speeches and uneven live acts following too quickly one after another.
The Opposition grand alliance is proving to be a non-starter, with senior RJD leaders reluctant to be ordered about by an immature and entitled Tejashswi, observes Virendra Kapoor.
This is a moment when the leaders at the Centre and states must show true leadership for the sake of the country. And it is the top political leaders, not attorney generals or bureaucrats, who should be sitting together and settling this thorny issue of compensation, says Arvind Subramanian, former Chief Economic Adviser to the Government of India.
Here is a quick recap of The Twilight saga so far.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
Recent incidents suggest these safeguards perform well in simulated conditions and mock drills, but often fall short when actual threats emerge.
Twilight Saga: Breaking Dawn 1 releases on November 18 in the US.
'The CBI suspects A Raja of favouring Swan Telecom, a wing of DB Realty. A chain of firms connected to DB Realty transferred over Rs 200 crore to a television network connected to M Karunanidhi's immediate family....'
A recent study decodes the link between declining sexual activity and menopause.
Prime Minister Modi will continue to take the nation by surprise, catching his political opponents offguard, says Shreekant Sambrani.
The underwater world has never looked so magical, mysterious and mesmerising. These photographs are some of the stunning medal winners in the Underwater Photographer of the Year 2021 contest.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Not to say that India couldn't have handled the situation better, but on average, it didn't do anywhere near as badly as the naysayers make it out argues Rajeev Srinivasan.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
A round-up of our favourite photographs from the week gone by
With the retirement of three-time champion Usain Bolt, the 100m will have a new gold medallist at Tokyo 2020.
Almost half of that market is in India's villages.
There's a lot happening in Bollywood, Hollywood and world cinema this year.
The ongoing civil war in the White House between representatives of the Alt Right, such as Steve Bannon, and the pragmatists has to end for Trump to complete a four-year term, says Hardeep S Puri.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
Vanita Kohli-Khandekar reports on the ongoing battle for the top spot between publishers S Chand and Navneet.
'The Modi government's greatest blunder is to exploit sensitive external relations in its domestic politics,' says Shekhar Gupta.
'While Piyush Goel, Dharmendra Pradhan, Rajyavardhan Singh Rathore and a clutch of former bureaucrats including R K Singh, Hardeep Singh Puri and K J Alphons are loyal BJP members, none of them fit the mould of party apparatchiks.' 'In fact, many of the latter kind have been shown the door or have been given reduced charges.' 'That goes to show the prime minister's comfort level in dealing with professionals and administrators and the trust he reposes in them,' says Shreekant Sambrani.
From lining up allies to having them accept him as the Opposition's prime ministerial candidate in the 2019 Lok Sabha elections, Congress president Rahul Gandhi's real challenge has just begun, says N Sathiya Moorthy.
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