In the year to date, 61 PSUs have lost an average of 22 per cent, with five companies losing more than half their share value. The BSE PSU index is down 10.6 per cent.
The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
The yellow metal is a safe bet in the long run.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
You may invest even at current market levels provided you have an investment horizon of five years or more.
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.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
While digitisation and automation have made internal processes more efficient, front-end products are being enhanced digitally through robotics, artificial intelligence and botchats.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
The online world is driven by convenience, simplicity and speed.
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Most bankers say they will look at reducing deposit rates from April.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There cannot be value in every stock, whether large cap or otherwise. Thus buying a stock cheap does not always translate into value buying
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
She pocketed Rs 9.12 crore as remuneration in FY16
Three closed-ended equity schemes have been launched in the past month or so and another is set to open soon for subscription.
Equity fund managers say large-caps offer higher relative safety, especially in such times.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
S Naren of ICICI Prudential says long-term investors needn't worry.
A strong set of industrial output numbers for January provided the perfect backdrop to reap more dividends, with the IIP having expanded 2.7 per cent year-on-year.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Credit profiles have turned healthier from a year ago
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