Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
RBI had received 72 applications for small finance bank licences.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
With the advent of new banks, IT firms will get boostto their businesses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
In similarly-worded notices of attachment dated October 17, Sebi asked 11 banks, including ICICI Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Indian Overseas Bank and Standard Chartered Bank, to attach the accounts of the three individuals.
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Reliance, Birla Group, Airtel eye small finance banks.
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The RBI has accepted the application withdrawal request, according to the statement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
Since infrastructure projects have long gestation periods, investors need to enter them with a long horizon of at least 10 years.
Infrastructure Development Finance Company has bagged Standard Chartered's asset management business in India for a total consideration of $205 million (around Rs 820 crore) in an all-cash deal. This deal, like the ill-fated UBS' bid last year, however, does not include StanChart's mutual fund distribution business, which the London-based bank will continue to pursue in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The scrutiny is expected to be over this month itself.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Dy Governor notes it's an era of job changes for better.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
EC received the RBI proposal in the first week of this month, soon after the model code of conduct came into force on March 5.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Licence winners are expected to be announced by the first quarter of 2014.
Global trends, WPI inflation data for April and the ongoing quarterly earnings of corporates would be the major driving factors for the stock markets, analysts said. Investors would also keep a tab on the movement of foreign institutional investors who are on a selling spree in the domestic equity market for the past many days. "Inflation concern and monetary tightening across the globe are key concerns for the equity markets. "Equity markets are under the strong grip of bears however they look extremely oversold and due for a pullback rally.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Fund managers have favoured stocks in the financial services and automobile spaces, which include IDFC, PNB, Maruti Suzuki and Hero MotoCorp.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
The market breadth, indicating the overall health of the market turned negative from positive
Thanks to Rajan we are an inflation-targeting country now
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
'Kindly advise about the following stocks. Can I hold or exit?'
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
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