Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
There is a huge opportunity for foreign investment in India as the government focuses on rapid infrastructure development in the country, Finance Minister P Chidambaram said.
The banking sector is set to move at a fast pace from hereon.
DFS writes to departments that haven't responded to RBI's request for information.
A revival in investment is likely to be a key near-term initiative.
I would advise at least a 7 year investment time frame for Equity Investing
The scrutiny is expected to be over this month itself.
Government sources say India could consider raising the policy repo rate if the rupee falls towards 61-62 to the dollar.
Parekh ensures that he never forgets the importance of correctness.
Experts say a turnaround may happen after the general elections.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
Intensifying competition and possibility of further legal action to test expectations of recovery.
.jpg)
Rather than move up the echelons of finance management, he was part of crisis management at his first employer, and then the commercial head of home and personal care products and, lately, chairman of Middle East and North Africa for Unilever, the second-largest fast-moving consumer goods company in the world.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Licence winners are expected to be announced by the first quarter of 2014.
Buoyed by the success of secondary market, IPO market set to see high action
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.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
Likely to seek FIPB approval to raise holding; deal could bring FDI of about $696 mn.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
The central bank has, so far, cut its repo rate by 125 bps.
To make money, invest in both good and bad times; otherwise the entire exercise is futile, experts tell Joydeep Ghosh & Sanjay Singh
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
.jpg)
The RBI has accepted the application withdrawal request, according to the statement.
.jpg)
Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The Street is especially looking forward to the management commentary to get a sense of its new direction
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
Through the past 12 months, the Bank Nifty has risen 55%
In last few years, a number of global players have exited the Indian mutual fund business.
Most investors find it very hard to understand when markets have over-extended themselves and look for data points to understand when a correction is due.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
With a sole mandate of inflation targeting, RBI wears many hats.
New listing on the BSE will create more jobs, say experts.
Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
The Nobel follows a line of mighty brands that have bent low to kiss the feet of the popular, says Itu Chaudhuri.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances