The loss before tax shot up 262 per cent to Rs 492 crore for the financial year ended March 2016.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
rediffGURU Hemant Bokil answers your personal finance queries
...followed by financial services, IT, and sales and marketing.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
This was the near-unanimous replies of 10 market participants.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
The Sensex ended below 28,000 for the second straight day at 27,869.
Markets closed the day in green on favourable domestic factors,
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
The central bank had nudged banks to cut lending rates.
'To achieve a corpus of Rs 10 crores in the coming years, I would suggest you increase your SIP, advises Nikunj Saraf, vice president, Choice Wealth.
FY17 GDP growth faces cash crunch heat
'The real estate sector has been badly bruised because it has become too reliant on funding from NBFCs, including housing finance companies. 'When the NBFC industry was rocked late last year by a large default, the real estate sector was hit hard. 'An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown', says Pranjul Bhandari.
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.
While selling started in April, it has intensified this month, with FPIs pulling out $1.1 billion and $2.5 billion from equities and debt market, respectively
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
APAs are part of govt's aim to move to a non-adversarial tax regime.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
'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 financial and commodity markets will continue to roil, as China's growth moderates and readjustments are made.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
India must first improve working condition, then it can concentrate on Make in India concept.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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