In the year to date, 61 PSUs have lost an average of 22 per cent, with five companies losing more than half their share value. The BSE PSU index is down 10.6 per cent.
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
Given the developments, analysts expect fiscal and monetary support from the government and RBI to revive sentiment. However, recovery, they say, from these levels will be slow and painful.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
Selects Wipro, Collabera as vendors; total IT sourcing from India about $1 billion.
From the 30-share pack, 18 stocks ended with gains led by SBI, which surged 27.58 per cent, and ICICI Bank 14.69 per cent.
The revenue growth of 14-15 per cent was seen across the broad market, but due to margin pressure, earnings before interest and tax (Ebit) were flat or lower than estimates. Hence, the markets may remain range-bound in the short-term.
The revenue growth of 14-15 per cent was seen across the broad market, but due to margin pressure, earnings before interest and tax (Ebit) were flat or lower than estimates. Hence, the markets may remain range-bound in the short-term.
Air India Board is likely to approve the appointments in four key managerial positions, which would put an extra annual burden of over Rs 4 crore (Rs 40 million).
On March 5, President Obama named Kundra the Federal Chief Information Officer at the White House.The Federal CIO directs the policy and strategic planning of federal information technology investments and is responsible for the supervision of federal technology spending. The Federal CIO establishes and oversees enterprise architecture to ensure system interoperability and information sharing and to ensure information security and privacy across the federal government.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
While debt funds have emerged as the flavour of the season, not all investors understand debt funds. So the best they can do is put trust in the fund manager and the fund house.
Armed with an order from the Chief Information Officer of Maharashtra, 26/11 martyr Ashok Kamte's widow will now be able to scrutinise original transcripts of telephone calls between the control room and police officers on the day of Mumbai terror attacks. CIO Suresh Joshi has asked the police to provide copies of original transcripts of telephone calls, control room log book and documents to Vinita Kamte within 30 days.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
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.
AMCs can invest $7 billion abroad, and $300 million per AMC, but investments are way below these levels. Most equity schemes can invest 35 per cent of their assets abroad and there are schemes that invest only in overseas equity. What's holding them back is that they are not very sure if they can buy these bonds.
Equity fund managers say large-caps offer higher relative safety, especially in such times.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
Wipro's ServiceNXT Operations framework will be utilised to manage PMI's technology and applications infrastructure.
Indian talent is certainly world-class, but it does not have global grade experience. Our aspiration is to be a global company. Fifty-five to 60 per cent of our revenue comes from the international business.
The BSE Sensex lost about 1,600 points, while the National Stock Exchange Nifty was down about 400 points.
Democrat presidential hopeful Hillary Clinton vowed that if she comes to power she will fight for every single job that is being shipped out of the US. She promised her government would create millions of employment opportunities "that can't be outsourced". She blamed President George W Bush for standing by & watching as "we have lost three million manufacturing jobs since he became president". She said loopholes in the US' tax code should be plugged to stop job outsourcing.
In the ongoing bull run in the equity markets, the top 200 Indian companies have attracted much of the FIIs money, whereas the medium and small companies still remain undervalued.
Indian economy should perform in line with expectations
52 percent of Indian CEOs feel that their organisations are satisfactorily integrated compared with global average of 45 percent.
In an exclusive CNBC-TV18 interview, emerging market guru and CIO of Templeton Asset Management, Mark Mobius, gives his take on emerging markets.
There is anecdotal evidence that the US economy is really, sharply slowing.
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
Three fund managers share their views and state where they are looking for value.
The budget of Indian IT companies is expected to rise by seven per cent in 2005, significantly higher than the global average of 2.5 per cent, IT research firm Gartner said.
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