Over 5 million alumni from the Indian Institutes of Technology, Mumbai University and Institute of Chemical Technology, Mumbai, plan to raise Rs 21,000 crore to start the world's largest infection testing lab in Mumbai.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
'We have to stop thinking about GDP and look at the impact on output and unemployment.' 'And that is not going to be insignificant.'
With the farmers' protest against the three new laws and in support of legalising the minimum support price (MSP) going strong, state governments have announced a slew of measures in their annual Budgets to placate farmers. The Centre kicked things off in the Union Budget by assuring farmers that the MSP would continue and coming out with a report card to demonstrate its commitment. However, these efforts don't seem to have yielded tangible results. In their respective Budgets, states chose to go a step further by announcing a variety of measures.
The hit to economic activity will be mostly confined to the first quarter. And a third wave, if it materialises, is unlikely to be hugely disruptive for the economy, predicts T T Ram Mohan.
Financial planners advise against putting capital to work by anticipating what might go up or down.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
A glance back at some of the important ups and down Indian Inc faced in 2018.
India and the United States are working on efforts to improve cooperation on UN terrorist designations and expand the sharing of information on known or suspected terrorists "no matter where they may be located," says US Ambassador to India Richard Verma
'Concerns about India's future are hampering private investment.' 'If the private sector sees strategy, teams and execution on these issues, this will inspire confidence in India.' 'This should be our main strategy for 2017,' says Ajay Shah.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Kindling the private sector's animal spirits is more important than focusing on how government can give jobs on its own.'
Arun Jaitley had a tough fiscal hill to climb.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
The board will first need to unpack IL&FS - it has 169 group companies with 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies, says Amit Tondon.
Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor, suggests Sanjay Kumar Singh.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
The list includes Gautam Adani's brother Vinod Adani among others.
Experts hail Budget 2015 as a progressive, growth oriented one.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
It, however, remains to be seen how much money Softbank actually puts in, what the implied equity valuation is and if the e-commerce venture is included in the Jio entity.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Single window clearances for realty must.
On Monday, the US delegation met Urban Development Minister Venkaiah Naidu.
The Budget sets out a comprehensive vision.
'Our concern is about today and there is nothing in the Budget for the MSME sector to feel positive right now.'
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
'The effect will be seen two-three quarters down the line.'
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
'The simple truth is this: That we had come to assume that a second term was Modi's for the asking. But the fact is that Modi will have to win one, just like everybody else.' 'And so much has he invested in his strongman persona that even a loss of just 50 seats from his extraordinary 282 in 2014 will look to his potential allies and to his party like a defeat,' says Mihir S Sharma.
'Either China is building regional transport infrastructure long before it needs it, or this is in a chain of Chinese investments with more strategic than economic intent,' says T N Ninan.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
