Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
State-owned India Infrastructure Finance Company Ltd has tied up with Infrastructure Development Finance Company, and global equity investors Citigroup Inc and Blackstone Group to launch a $5 billion infrastructure fund.
Vijay Kelkar, former advisor to the Union finance minister, has joined the board of Tata Chemicals Ltd as director.
Sebi wholetime members T C Nair and M S Sahoo passed the 26th such consent order on October 31, asking Bansilal Mehta and Chimanlal Shah to remit Rs 4,26,000. Mehta and Shah 'were alleged financiers to key operators for cornering shares in the IPO of IDFC', the order said. The regulator had earlier prohibited them from buying, selling and dealing in securities. So far, the regulator has settled 128 cases through consent orders.
HealthCare Global, an oncology care hospital chain, has received a funding of $20 million from PremjiInvest, a private equity fund sponsored by Azim Premji. With this funding, PremjiInvest has bought a "significant minority stake" in HCG. This is the third round of funding the hospital has received after it initially received Rs 50 crore from IDFC Private Equity and the second funding of Rs 10 crore from Evolvence.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Investors can sell their entire equity and move to debt when stocks get expensive
The RBI has agreed to consider the application of India Post in consultation with the government.
Finance ministry is understood to have reservations on the ownership of minority stakeholders in Hutchison-Essar and is likely to raise the issue at the FIPB meeting.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in acquiring stakes in insurance arms or mutual funds of other lenders.
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
The rupee has depreciated 10.5 per cent against the dollar this year, making it Asia's worst-performing currency.
Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions are ELSS, term cover and health cover.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The ailing United Western Bank on Thursday submitted a scheme of reconstruction to the regulator Reserve Bank, which has placed it under moratorium due to erosion of networth.\n
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Earlier, the Reserve Bank of India was the approving authority.
With buyers playing safe, projects such as Delhi-Gurgaon Expressway find it difficult to get new concessionaires
Onion prices have increased 150% over the last few months
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
The seven people arrested will be produced in a designated CBI court to seek their remand, CBI sources said.\n\n
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Putin's visit comes at a time when Russia's economy is stalling as oil prices tumble
A list of 25 companies that are suspected to be operating bogus demat accounts has been handed over to market regulator SEBI by Investor Grievance Forum demanding a probe into their operations.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Three stockmarket experts give their best picks for the New Year.
India Post had applied for a bank licence under RBI guidelines issued on February 22, 2013.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
