According to a study by the brokerage division of global financial services major Citigroup, promoter holding went up to 58 per cent in the BSE-500 companies in the second quarter this fiscal from 54 per cent in the previous three-month period. In contrast, FIIs, mutual funds, banks, insurance companies and retail investors cut down their holdings.
Asian countries (ex-Japan) including India and China, are now the most expensive region in the world as strong inflows into Asian funds are stretching valuations, according to analysts. Yet, Asian equities continue to attract big money. The region is trading at 29 per cent premium against the developed world and 14 per cent against global emerging markets (GEM) on price to earnings (P/E) multiple, said a report by the Citigroup.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Coffee Day Enterprises Ltd is backed by KKR & Co.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
The government has to take a call on reducing or retaining the excise rate.
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
Multinational consumer goods company Procter & Gamble has been named world's best company in terms of leadership followed by General Electric and Coca-Cola in the second and third place respectively, as per a Hay Group study.
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
Oil imports are a third of India's total import bill.
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Goldman Sachs downgraded its rating on Indian stocks to 'underweight'.
It's crucial for Modi to make India an easier place to do business.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Will the rupee keep falling in value against the US dollar? What will be its impact?
PE giants Apollo, Bain Capital and Advent International are keen to pick stake in Viom
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
