Independent directors were supposed to safeguard the interest of all stakeholders.
Sunak announced that the Immigration Health Surcharge (IHS) would be hiked from 400 pounds to 624 pounds.
Sensex, Nifty put up a good show in closing trade.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
India's top banker Chanda Kochhar shares valuable life lessons in a letter to her daughter.
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
New borrowers should go for banks over housing finance companies as the new benchmark -- MCLR -- is more transparent.
Exactly a fortnight ahead of the Reserve Bank of India's (RBI's) next monetary policy review, a key market indicator of interest rates - the overnight indexed swap (OIS) - suggests that the central bank may tighten policy by 35 basis points and then refrain from further rate hikes. RBI Deputy Governor Michael Patra recently described the OIS as the primary instrument for hedging interest rate risk in India. The six-member Monetary Policy Committee (MPC) of the RBI will meet on December 5-7.
There's a long way to go before human beings are replaced by machines -- in banks at least.
The country's top FMCG stocks, such as Hindustan Unilever, ITC, Nestl, Britannia, Godrej Consumer Products, and Dabur, among others, are currently trading at around 41x their trailing 12-month earnings, down from their peak P/E multiple of around 48x at the end of December 2018.
With enough liquidity in the system, lending and deposit rates are likely to fall further
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Market breadth is positive with 942 advances and 196 declines.
The Reserve Bank left interest rate unchanged.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
RBI has cited at least 10 areas where it has no control over PSBs.
'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed. In a letter sent to the board of Think & Learn Pvt Ltd (known as Byju's), Deloitte said it has not been able to start an audit due to the delays and that will have a "significant impact" on its ability to "plan, design perform and complete" the audit as per standards.
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
Market cap of government companies has remained unchanged in the past 8 years.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
When it comes to key hands-on management positions, India Inc is still largely run by men.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
Bharti will move FIPB soon for increasing Axa's stake to 49%
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
The 3 arrested were in continuous touch through WhatsApp with Maulana Mufti Ashghar, based in Muzaffarabad, whose nephew Waqas (JeM commander in South Kashmir) was killed in an encounter near Pulwama recently.
Of these, three stocks belong to the automobile pack and two are from the pharma.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
After sight-seeing the Taj Mahal in Agra and the Sabarmati Ashram in Ahmedabad, Canadian Prime Minister Justin Trudeau got down to work in Mumbai. He, along with his wife Sophie Gregoire Trudeau and three kids -- daughter Ella Grace and sons Hadrien and Xavier - arrived in the country's financial capital on Monday night. Here are snapshots from Day 3 of their visit.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
A glance back at some of the important ups and down Indian Inc faced in 2018.
