HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
The net proceeds of the fund raising will be used to repurchase certain equity shares issued to Tata Motors and for general corporate purpose.
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
Tata-controlled CMC Ltd has filed a draft prospectus with Securities and Exchange Board of India for its proposed initial public offering to divest Centre's 26.25 per cent stake in the software firm.
The government on Thursday cleared 40 foreign direct investment proposals worth Rs 501.14 crore (Rs 5.01 billion), including Rs 323.42 crore (Rs 3.23 billion) investment by Swiss major Campagnie Michelin.
Citigroup's Citibank arm is expanding keenly in India but is wary of taking stakes in local banks because of a cap on foreign equity and limits on voting rights, company officials said
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
The bank remains on high alert to intervene if markets freeze.
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries --Thailand, Dubai, Singapore and Hong Kong.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
The company will finalise the final pricing for allotment of shares later.
Shares of most European banks are down significantly.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
These investors have pumped in about Rs 6,900 crore (Rs 69 billion) in the seven trading sessions after the Federal Open Market Commission meet.
The MF Industry had a cash-rich 2014 as it crossed the Rs 3 trillion mark.
Investment trend by foreign investors will also be closely watched for stock movement
Market meltdown and volatility pushed many traders to the sidelines.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
Insufficient rainfall will have a negative impact on the economy.
While the number of international MF schemes is increasing, so is the confusion for investors.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
UBS reduced its Nifty target to 8,600 by December from 9,200.
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
Markets hope the Budget will steer spending towards infrastructure.
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
The long-term sustainability of the ongoing market rally is difficult as earnings growth remains a challenge, says Herald Van Der Linde, head of equity strategy, Asia-Pacific, at HSBC.
For India startups, pulling in the reins now may enable them to live longer - even if it means shedding their unicorn status, says Una Galani.
Though fundraisings for startups still rank amongst the biggest deals struck this year, the average ticket size has fallen sharply, says Una Galani.
Experts say a lot of new wealth is being generated by promoters selling their stake.
