NRI steel tycoon Lakshmi Mittal has suffered a $50 billion decline in the value of shares he holds in the ArcelorMittal following the global financial meltdown, a leading economic daily has claimed.
There were more than three losers against every gainer on BSE
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The index had risen over 585 points in the previous three sessions.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
Tata Steel may opt for a rights issue to raise funds to finance its $13.13 billion purchase of the Corus group
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
Tata Motors, Titan Company & Tata Steel come in at second, third & fourth slots.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Mistry's intention of selling ailing steel maker Corus, Tata's so-called feather in the cap, was one reason for his ouster
A reception often reserved for rockstars came the way of mining mogul Anil Agarwal when he started revealing nuggets of his ascent from a scrap-metal dealer to one of India's most prominent self-made industrialists on social media. And now he has been flooded with booking writing proposals and has even been offered money for a biopic. In February this year, Agarwal, 68, started tweeting his journey from Bihar to Mumbai first and then to London to head a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.
Britain said it had imposed asset freezes on Chelsea soccer club owner Roman Abramovich
The government on Thursday allowed free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia as it seeks to boost usage of the carbon-free fuel and make India an export hub. Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and Renewable Energy Minister Raj Kumar Singh said the government is targeting production of 5 million tonnes of green hydrogen by 2030. Oil refineries to steel plants require hydrogen to produce finished products.
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
Top losers include Hero MotoCorp, HDFC, SBI, Infosys, HCL Tech, ICICI Bank, Bajaj Finance, ONGC, Bajaj Auto and IndusInd Bank, falling up to 2.63 per cent.
The $12.1 billion Corus acquisition-the biggest global acquisition made by an Indian company-ended up as a millstone around Tata Steel's neck, points out Indrajit Gupta.
The NSE Nifty, however, ended a shade higher by 6.65 points or 0.06 per cent at 10,442.20
Shivpal returned home from South Africa just a few days before the suspension of international flights. He is currently at NIS Patiala, where he is training indoors because of the nationwide lockdown.
Through a series of structured investments -- in the form of convertible debt and equity -- Apollo will take exposure to Welspun's holding company and its steel and infrastructure subsidiaries.
Out of 30 Sensex shares, 19 ended lower while 11 gained
The US side had pushed for removal of price caps on medical equipment such as coronary stents and a commitment by India to reduce trade imbalance
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Sensex under pressure as Yellen signals rate hike; banking stock slip.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Samsung's new addition to the Galaxy S10-series has something for everyone, says Khalid Anzar.
Among India's capital-starved local banks, Essar is viewed as too big to fail.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Market breadth is positive with 942 advances and 196 declines.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
The rupee has depreciated by 0.95 per cent in two days.
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