There are many collateral advantages of taking the tough decision.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
The 50-share NSE Nifty ended at 9,143.80, up 43 points, or 0.47 per cent, after moving between 9,153.15 and 9,109.10.
Lower IT exports will raise India's dependence on capital flows to fund imports.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Market breadth is positive with 942 advances and 196 declines.
Sebi will join RBI and the government in their fight against bad loans.
Before considering reducing the freedom of private investors in the derivatives market, we need to check if the maladies in markets elsewhere exist in India, says Susan Thomas.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
On May 16, the leads will start trickling in from morning but the final result is likely to come only after 3.30 pm, beyond trading time for the equities segment in India.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The proposals have been made after extensive consultations with top officials from Sebi, finance ministry, RBI, IRDA and large market intermediaries
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
When selecting investments, pay attention to potential return, risk and how easily you can exit it.
Analysts expect the indices to dip further if the global macros do not stabilise
Mid- and small-cap companies seem to have done better than top-tier companies
A rising number of Greeks in rural areas are swapping goods and services in cashless transactions.
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
The argument for a weaker rupee is substantial.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
Athens bowed to demands to phase out tax breaks for its islands.
Investors booked profits at higher levels despite the growth oriented Budget.
With a sole mandate of inflation targeting, RBI wears many hats.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Godhwani's exit comes at a time when the company's fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
'The Budget targets are achievable, but they require continued discipline and that the government sticks with the efforts to cut red tape and make business in India more efficient.'
'By the time the goods that were sent from December onwards reached stores in Europe, they became dead inventory as the stores there were closed by then.' 'Those that were in the warehouse there also became dead inventory. Those that reached the ports there also became dead inventory.' 'And what Tirupur produced in March is still here, and they have also become dead inventory.'
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