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.
The CBI also told the court that it has sought Interpol's help in seeking access to overseas bank accounts of the Mukerjeas
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
The central bank had nudged banks to cut lending rates.
This was the near-unanimous replies of 10 market participants.
The data leak obtained by 'The Australian' newspaper has revealed how the alleged CPC members are employed with some of the world's biggest corporations in the areas of defence, banks and pharmaceutical giants manufacturing coronavirus vaccines.
Six firms have qualified for managing EPFO funds.
The changes in the ordinance have been made after taking inputs from states suggesting changes to the Act which would make it more industry-friendly
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
EPFO's advisory body FIC on Thursday shortlisted five entities --ICICI Securities, Reliance Capital, HSBC Asset Management Company, SBI and ICICI Prudential -- for managing its corpus of Rs 3.5 lakh crore (Rs 3.5 trillion).
A formal sector worker can contribute towards pension scheme till the age of 58.
The question is which tool it should use to shift gear.
Raman's hacking expertise is much in demand -- and not from criminal elements. Indian firms and multinationals like ABN Amro Bank, Aditya Birla Group, Bank of Maharashtra, Bombay Dyeing, HSBC, ICICI Bank, Indiabulls, Centurion BOP, Citibank, India Infoline, Ispat Industries and Kotak Group proactively seek his services. Raman's hacking expertise is much in demand -- and not from criminal elements.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
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
FY17 GDP growth faces cash crunch heat
APAs are part of govt's aim to move to a non-adversarial tax regime.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
At least 14 mutual fund schemes have closed down, according to announcements made by fund houses. The reason: they had less than 20 investors in the scheme or a single investor was accounting for more than 25 per cent of the corpus. According to Sebi's guidelines, any scheme should have at least 20 investors. Also, no investor can account for over 25 per cent of the corpus.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
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.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
The list, posted on a website link launched by the US regulator, includes ABB, HSBC, Nokia, Unilever, Cadbury, Total and Siemens among others.
Investment trend by foreign investors will also be closely watched for stock movement
India on Monday got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group.
Can call centre thefts end India's flourishing BPO business? Do such deeds give India a bad name? Tell us what you think.
There's need to address growth, but weak rupee putting pressure on prices.
'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.
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
Firms have to adhere to strict compliance requirements mandated by global parents
Most sought-after market of the past few years doesn't feature among top bets in Asia, emerging markets
Two Indian women are among the world's top 50 businesswomen announced by the Wall Street Journal on Monday.
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