Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction, observes Tamal Bandyopadhyay.
Maintaining a bullish stance despite the meltdown in the stock market, renowned fund manager Madhusudan Kela on Wednesday said the current fall gives great opportunity to buy good stocks. He said Market will be in consolidation mode for the next 4-6 months. Investors should start buying into high conviction ideas. On the sectoral front, for the next 2-3 months bank stocks may not see any great news and the amount of derivative losses is yet to be measured.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
Infosys co-founder Kris Gopalakrishnan said Flipkart and Snapdeal have made a mark in the start-up world.
Moody's said it reflects India's weaker performance on fiscal.
Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.
India should not miss the opportunity to develop high-speed railway.
'We need to put aside our anxieties about the Budget for now and possibly for long, and carry on as best as we can,' advises Shreekant Sambrani.
India's economy grew at 7.6 per cent in 2015-16.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
Had India agreed to join the trade pact, Indian markets would have been flooded with cheap Chinese products.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
The Reserve Bank of India, in its Second Bi-Monthly Monetary Policy Statement for 2014-15, kept the key interest rate unchanged at 8 per cent.
The rupee fell to an all-time low of 61.21 per dollar, forcing the Reserve Bank of India to intervene to stabilise the currency.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
The market rally was driven by strong buying in telecom, banking, realty, metal, FMCG and PSU counters.
Nicholas Piramal India has acquired UK-based Avecia Pharmaceuticals for £9.5 million.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.
FinCom prescribes scrapping of effective revenue deficit.
'Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco's $6-billion revenue, then on a consolidated basis, we will become the world's largest aluminium company outside China.'
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Sitharaman, who is not known to reply to comments made on her Twitter handle, instantly choose to respond to drug-maker Biocon chairman Kiran Mazumdar-Shaw's criticism of lack of fiscal measures to support growth.
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
Its time the RBI, govt pushes reforms to boost global investment
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
A plunge in fuel demand after the raging pandemic forced people to stay home and stifled the economy dealt a body blow to the firm's traditional cash cow oil refining and petrochemicals, even as consumer-facing businesses, which account for 35 per cent of the oil-to-telecom-to-retail conglomerate's revenues, continued to do well.
Ma and the other co-founders had finalised the name "Alibaba" after much research on its acceptability.
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
Finance Minister Arun Jaitley presented the Budget in Parliament on Saturday.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
Zee and Star, the two largest media companies in India, are undergoing some radical ownership changes. What could it mean? Vanita Kohli Khandekar attempts an answer.
Uber would look to expand the service to six Indian cities
Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
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