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.
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.
The market rally was driven by strong buying in telecom, banking, realty, metal, FMCG and PSU counters.
Its time the RBI, govt pushes reforms to boost global investment
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
Ma and the other co-founders had finalised the name "Alibaba" after much research on its acceptability.
'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
Had India agreed to join the trade pact, Indian markets would have been flooded with cheap Chinese products.
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Finance Minister Arun Jaitley presented the Budget in Parliament on Saturday.
An asset swap can simultaneously boost public investment, reduce the fiscal deficit and keep fiscal policy from being pro-cyclical.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
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.
Uber would look to expand the service to six Indian cities
'The government is abdicating its responsibility on healthcare.' 'Just to start this scheme, it will take a minimum till October 2018 and elections are coming in 2019, so before that this can go into the dustbin.'
'In terms of growth rate, India is better than China.'
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
Assocham said even if an investment revival were to happen, it would be a time lag of at least 18 months before it reflects in the manufacturing sector.
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.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Will Citibank gain from India's position among emerging markets?
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
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.
Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.
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.
Listed entities would have to co-operate with intermediaries registered with Sebi such as debenture trustees and credit rating agencies
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
India Inc is encouraged by a determined Budget.
Without disclosing other shareholders, Republic Media Network said the statement was being issued to "clarify the details of its promoter shareholding" in view of "misleading" media reports making "false and mala fide claims about the exact ownership of the consolidated network." It said Goswami through his personal investment and family owned around 84 per cent shareholding in ARG Outlier Media Pvt Ltd at the time of launch of the English news channel Republic TV in 2017.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
Rising oil prices, sharp slowdown in mutual fund inflows and steep valuations remain the key risks for Indian investors going ahead.
NuPower will return loan with interest to consumer durables major by 2021
The JeI (J&K) also has several trusts for running schools to disseminate orthodox Islamic education, has a youth wing and has numerous publications for spreading its fundamentalist ideology.
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