The Supreme Court on Tuesday asked the Centre to clarify its stand on whether it wants to go ahead with its curative petition seeking Rs 7,844 crore as additional funds from successor firms of the US-based Union Carbide Corporation (UCC) for giving compensation to victims of the 1984 Bhopal gas tragedy.
The Bharatiya Janata Party and the Left Front on Monday slammed the Group of Ministers on the Bhopal gas issue for recommending that the government pick up the tab on payment of compensation to victims."The GoM report has disappointed the people," BJP spokesperson Shahnawaz Hussain said. Communist Party of India - Marxist leader Nilotpal Basu told PTI, "It is unfair that the taxpayer has to pick up the compensation bill."
The index is more expensive than it was at 2014-end or when it hit a life-time high in January.
Two firms belonging to the Adani group - India's most valued conglomerate - are part of the Nifty 50 index. The group, however, has no representation in the Sensex. And it could stay this way if a proposed index qualification rule change gets approved. Recently, Asia Index, a joint venture between S&P Dow Jones Indices and BSE responsible for index composition, floated a consultation paper where it proposed that a stock must have a derivative contract to be eligible for inclusion in the flagship 30-share Sensex index.
Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps.
The Indian Olympic Association are not considering boycotting the London Olympics despite local demands to do so over a Games sponsorship deal with Dow Chemical, the IOA's acting president said on Monday.
A dangerous flashpoint in United States-India relations faces visiting US Secretary of Defence, Leon Panetta, who faces tough questions from Indian officials on Tuesday, writes Ajai Shukla
The National Stock Exchange listed the Dow Jones Industrial and S&P 500 on its platform last week.
All nine Adani stocks saw a rise in their share price in H1FY23, ranging from 6.1% in case of Adani Ports to 102% in case of Adani Power.
Interview with Asia-Pacific economist, Morgan Stanley
From the 30-share pack, Asian Paints, Reliance Industries Limited, Bajaj Finance, Mahindra & Mahindra, Indusind Bank, Bajaj Finserv, Maruti Suzuki, HDFC Bank and UltraTech Cement were the major gainers, jumping up to 5.56 per cent.
Activists burnt the US flag and logos of Union Carbide and Dow Chemicals - as they have done nothing to end the sufferings of the victims for the last 32 years.
Indian stock market indices have climbed close to their all-time highs, even as key overseas indices such as the Dow Jones, FTSE 100 and Nikkei 225 are reeling under the sub-prime meltdown in the US.
According to Dow Jones VentureSource, a VC industry tracking firm, investments grew in almost every venture hub globally in the April-June quarter, a sign of recovery in the global economy.
In a historic referendum on Thursday, the United Kingdom voted to leave the Eurozone.
From the 30-share pack, Sun Pharma, TCS, Tech Mahindra, NTPC, Wipro, UltraTech Cement, Dr Reddy's Laboratories and Infosys were the major gainers, jumping up to 3.99 per cent. In contrast, Tata Steel, Nestle, Titan Company, PowerGrid, Reliance Industries Limited and State Bank of India were among the laggards.
The US Federal Reserve on Wednesday (local time) raised interest rates by 75 basis points (bps) or three-quarters of a percentage point in the boldest move since 1994.
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
Continuing population growth and development of a modern economy propelled by advanced technology is likely to push India's GDP past that of China by the middle of the century, according to economist Paul Erdman.
India imposes over 100 per cent duty on imported vehicles and the likes of American cult bike maker Harley Davidson had made noises in the past asking to bring down the rates.
Celebrated former captain Rahul Dravid is all but certain to to be the Indian cricket team's next head coach after he formally applied for the high-profile position on Tuesday.
India was the best performing wealth market globally in 2017 as its total wealth swelled from $6,584 billion in 2016 to $8,230 billion in 2017
India has decided to put the process of bringing down duties on edible oil on the fast track to reach an early agreement with Asean for a Free Trade Agreement.
Rupert Murdoch's international financial daily The Wall Street Journal, published by Dow Jones & Company, is all set to launch its facsimile edition in India next month. The newspaper, to be launched in Mumbai, is likely to be priced at Rs 30 a copy.
Surging oil prices are unlikely to restrain the strong economic growth in India and China, Haruhiko Kuroda, president, Asian Development Bank said.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
'People always short-change the resilience of the economy.'
Rupert Murdoch-promoted News Corporation on Monday said it will invest $100-million in the next 12-months to start six regional channels under the Star brand in India.
Media baron Rupert Murdoch plans to invest $100 million within a year to launch 6 regional channels under Star brand in India.
While the ministry sources clarified that the overall policy for fax editions is still under review, this proposal has been given approval on a case-to-case basis in FIPB's meeting held last week. The proposal was turned down twice earlier pending the review but the company had applied to FIPB under deferred proposal agenda in its meeting on January 9.
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
Post partnership with S&P, the exchange is looking at launching a slew of international products, too.
The Union Carbide Corporation gave a compensation of $470 million (Rs 715 crore) after the toxic gas leak from the Union Carbide factory on the intervening night of December 2-3, 1984, killed over 3,000 people and affected 1.02 lakh others.
Under tremendous pressure from India to drop Dow Chemicals as London Olympics sponsors, the Games' organising committee chief Sebastian Coe said they are ready to meet the activists protesting against the company because of the 1984 Bhopal gas tragedy.
But Trump is about to announce his candidacy for president in 2024. And it is not clear if Florida Governor Ron DeSantis, the present hero of disenchanted Republicans, or Biden, who says he might seek re-election (but will decide in 2023), can checkmate Trump, notes Shreekant Sambrani.
The market's sensitivity to the US Fed's balance sheet changes makes it vulnerable to the possible tapering of the bond buying programme and the resulting stagnation or even shrinkage in the balance sheet.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
The global billionaire population reached a record 2,325 with the addition of 155 new billionaires in 2014, registering a rise of 7 per cent from 2013.
