'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
The first sign that shows a government is serious about an issue is when it appoints a high-powered committee to look into matters.
The state government had earlier proposed to construct a mega power plant in Singur with Bharat Heavy Electricals Ltd, but BHEL had expressed its inability for the same. Though the Singur site was with the Tatas, its group chairman Ratan Tata had earlier said he did not want to sit on the land and could give it back if the company was compensated for the investment it had made.
The company, which is present in India through a joint venture with Tata Motors, recently restructured its board in India by replacing two of its directors.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
After months of negotiations, Tata Motors-owned Jaguar Land Rover is likely to get approval for a loan of pound 270 million (about Rs 2,000 crore) from the European Investment Bank on April 7, BBC reported on Saturday quoting official sources.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
Infosys, the country's third largest software firm, on Thursday said it was undecided on going ahead with investment plans in West Bengal, where socio-political opposition has thrown Tata Motors' Nano project into uncertainty.
Volkswagen is planning to roll out a variant of its popular car, Polo, in by 2009. The car will be pitted against Maruti's Swift, Hyundai's Getz and Tata Motor's Indica.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
Sales of passenger vehicles in India are likely to grow at 14.9 per cent each year to touch the 2.1 million mark by 2010.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The Sensex opened with a positive gap of 24 points at 8,333, which turned out to be the low for the day.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Tata Steel was the biggest gainer in the Sensex pack, rallying 5.78 per cent; followed by Yes Bank, NTPC, L&T, Axis Bank, SBI, M&M, HDFC twins, Vedanta, HUL, PowerGrid, ICICI Bank, Kotak Bank, HCL, TCS and ITC, gaining up to 3.79 per cent.
Experts believe while escalation with Pakistan might not have a significant impact on trade economics, both India and China have major trade and investments in each others' economies. While the dispute might continue, it could have a temporary effect on the markets.
No Indian auto brand (including Tata or Mahindra) is well-known globally.
The dealers operating in the space have jumped nearly three times over the past two years.
'Let's not get carried away by stocks like D-Mart, Jubilant Foods and all those companies that are trading at an expensive valuations.'
Coal India was the biggest gainer on both Sensex and Nifty
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
A crucial meet of the Reserve Bank's central board is underway amid a rift between the central bank and the government over future course of policies. Expectations of a positive outcome boosted market mood after the meeting began.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The Sensex and the Nifty had touched a low of 27,921 and 8,349 respectively.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners.
ICICI Bank was the top loser after the private lender reported sharp drop in Q4 net.
A number of private companies have contributed to the development of ISRO's Chandrayaan-3 spacecraft which successfully landed near the south pole of the Moon on Wednesday evening.
The rally was led by IT stocks, with TCS and Infosys rising up to 5 per cent. Yes Bank, on the other hand, was the biggest loser on both the bourses, cracking nearly 12 per cent
The 30-share Sensex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571.
FIIs pump in Rs 2,075 crore in past three trading sessions.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
'Cyrus was always very different. He would think before acting.'
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Add to it, associate sponsor companies like Unacademy, Dream11, CRed, Upstox, and Tata Motors, who pay in the range of Rs 120 crore each. Some subsidiary sponsors are also there.
