Today, they can't meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business. Bulk of the trades are put through e-platform offerings of Reuters, Bloomberg, JPMorgan, Barclays or Deutsche Bank. And they have the web-based FXall, FXconnect, Atriax, Hotspotfx and LavaFX for company.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Maharashtra needs 224 runs to make it to the semi-finals after Anupam Sanklecha leads a fightback, claiming four Mumbai wickets for 57 runs. Harish Kotian reports
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
The classic Third Year or Mid-Term Problem has afflicted all but two prime ministers who have lasted a full term, give or take a few months this way or that, points out T C A Srinivasa-Raghavan.
India made it mandatory for customers to disclose their tax code, or Permanent Account Number (PAN), for purchases above Rs 200,000.
It appears that the BJP government has succeeded in managing the communication of the PNB scam in a manner that its adverse impact on its electoral fortunes is largely contained
Left-arm spinner Akshay Darekar is confident that he and his teammates would rise to the occasion, against Karnataka in the Ranji Trophy final.
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
One of the reasons is that the retail prices are not bench-marked to crude but their respective international benchmark prices.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
The Allapuzza the police found that nearly 1,700 girls were trapped in sex rackets. Many of them were exploited due to their poor financial background and some were threatened and blackmailed into the trade. Vicky Nanjappa reports
In the results that were declared today, girls did marginally better in class X examination with a pass percentage of 98.95 per cent as opposed to 98.12 per cent in case of boys.
The out-of-favour opening pair of Virender Sehwag and Gautam Gambhir were handed a lifeline by the national selectors on Tuesday when they were included in the India 'A' squad for the second and third four-day matches against the touring West Indies 'A' later this month.
He is talking, making sense, and India is listening. Rahul Gandhi needs to listen to him, too, says Shekhar Gupta.
Uncertainty lingers in the minds of retail investors due to scams.
The KYC parameters now include declaration of the gross annual income or net worth.
Piyush Pandey retiring? I'm not going anywhere, says O&M's South Asia executive chairman.
The right-arm medium pacer caused Maharashtra's batsmen a lot of problems with his extra bounce on a green Wankhede wicket, taking four wickets for 62 runs as Maharashtra struggled to 219 for 7 in 57 overs in their first innings, at stumps on the second day, in reply to Mumbai's 402 all out.
A summary of the day's play in the Vijay Hazare One-day tournament.
KB Arun Karthick struck a vital unbeaten 115 to help Assam garner three crucial points against defending champions Karnataka after their Group 'A' Ranji Trophy match ended in a tame draw, Guwahati, on Sunday.
In good times, analysts justify valuations giving interesting investment rationale.
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
Round-up of the Day Three action in the Ranji Trophy matches being played in different part of the country.
Ganesh Satish slammed an unbeaten 117 and shared 216 runs with opener Lokesh Rahul (94 batting) as Karnataka took control of their Ranji Trophy summit clash against Maharashtra on the second day in Hyderabad.
Half-centuries from Ankit Bawne and Chirag Khurana frustrated Karnataka and helped Maharashtra finish the opening day on a respectable 272 for five in the Ranji Trophy final in Hyderabad.
Wriddhiman Saha's century went in vain as Maharashtra crushed Bengal by a convincing margin of 10 wickets to storm into the final of the Ranji Trophy, in Indore.
Each scam that comes out in the open shows the regulators to be miles behind.
Sheela Bhatt meets Bharti Patel, a truly exceptional mother of our times whose son Dr Vikram Patel was recently ranked among Time magazine's 100 most influential people of 2015, to find out her recipe for a remarkable upbringing.
Weak production outlook, low crude oil prices and regulatory issues could keep the scrip in check
'There are different ways in which some are lucky through their lives. My great boon has been serendipity,' says Subir Roy.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
That "Rollback Budget" ushered in an era of rollback.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
Manpreet Juneja's resolute knocks went in vain as India A succumbed to a humiliating 162-run defeat against the West Indies A in the first unofficial Test, giving away a 1-0 lead to the visitors in the three-match series in Mysore.
Promising all-rounder Parveez Rasool took five wickets, but West Indies 'A' hit back after being dismissed for 429 in the first unofficial Test at the Gangothri Glades Cricket Ground in Mysore, on Thursday. At stumps on the second day, India 'A' were in a spot of bother at 124 for three, with skipper Cheteshwar Pujara back in the pavilion.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
Left-arm seamer Samad Fallah exposed the poor technique of Bengal's batsmen with some incisive swing bowling to put Maharashtra in the driver's seat on the first day of their Ranji Trophy semi-final in Indore on Saturday.
A summary of the third day's play in the quarter-final matches of the Ranji Trophy.
Round-up of the Ranji Trophy games being played in different parts of the country
