Ajit Mishra, vice president, research, Religare Broking, answers your queries.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
ArcelorMittal, Anglo Australian major Rio Tinto, Hyderabad-based GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18 abandoned coal mines owned by state-owned Coal India Ltd and its eight subsidiaries.
The acquisition of iron mines in Madagascar by Chinese companies is unlikely to affect Indian ore exports to China, as the bulk of Indian exports consist of high quality ore, which is only available in Australia and Brazil, besides India.
Carrying their baggage, thousands of people are leaving the port town of Paradip to escape the wrath of the severe cyclonic storm 'Phailin' which is expected to make landfall in Odisha in less than 24 hours.
A little over a year before, when the Hajigak iron ore deposit was put up for grabs, at least five companies - Essar Minerals, JSW Steel, Rashtriya Ispat Nigam, Sesa Goa and Ispat Industries - had evinced interest.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
Indian companies, led by the Tata group, Essar and HCL Technologies, among others, have created more than 30,000 jobs and made large investments in the United States, a joint report of the Federation of Indian Chambers of Commerce and Industry and the US India Business Council said.
India Inc is looking at the public sector to steer its ambitions, as former PSU heads are taken on board to lead the private sector.
It is not clear, however, whether the two players are considering a majority stake or would be content as investors with 26 per cent.
The UK on Tuesday assured complete government neutrality on Tata Steel's bid to acquire Corus and sought similar treatment for British telecom firm Vodafone in its bid to acquire mobile venture Hutchison-Essar.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
Companies write off investments, shed assets as initial projections go haywire
These together account for 40 per cent of bad loans of around Rs 4 trillion.
Indian CEOs might like to make some serious course correction.
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
Govt to issue ownership rights of 15 coal mines on Mar 23.
It is the low cost of iron ore extracted from their adivasi homeland mines that enables steelmakers like Tata Steel and Essar, and miners like NMDC, not only to be among the most profitable companies in India, but also gives it the financial muscle to make huge overseas acquisitions. Ultimately, it is the poor adivasi who pays for it with his home and hearth and gets no credit for it! Either from the State, which connives in their exploitation, or the industry that lords over their resources, says Mohan Guruswamy.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
The 30-share Sensex ended down 215 points at 27,011.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
'Power is always transitory, and you should be the same person whether you have it or not,' the head of the number one law firm in India tells Pavan Lall.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
The calculation excludes cross-holding of listed group cos in each other.
Investors must be prepared to believe that things will get better eventually, no matter how bad the current situation may look. If you don't possess this optimism, you will not possess the courage to invest and if you don't invest, you don't give yourself any chance to get wealthy, says Devangshu Datta.
Those for power sector to see tussle between prior owners & new challengers
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
The states will get over Rs l lakh crore.
