Last week, after months of scrutiny, the Forward Markets Commission, the regulator for futures trading in commodities, approved a proposal from state-owned MMTC Ltd and finance-to-real estate group Indiabulls to set up a national multi-commodity exchange.
Bid date for Allahabad project postponed on fears of higher tariff quotes.
The Indian government recently had banned futures trading in a few commodities. But this has not dampened major companies to eye futures trading in commodities. Last week, government permitted companies with an initial capital of Rs 100 crore (Rs 1 billion) to set up commodity exchanges. Top officials in the Anil Dhirubhai Ambani Group and Kotak Mahindra said that they are planning to set up commodity exchanges.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Equity stake, flexible terms attract talent from Wall Street firms to local peers.
Anubhav Kacker was dining with family and friends at the Taj Hotel on the night of November 26, when the terrorists struck. Here is his story.
The government on Tuesday gave formal approval to the multi-services special economic zone of Mukesh Ambani- promoted Reliance Industries Limited in Gurgaon and in principle approval to the company's port-based SEZ in Rewas.
Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
As many as 237 formally-approved zones are pending final notification, while another 81 fresh proposals are waiting to be approved.
The F&O segment has been attracting huge volumes in recent months, with the average daily turnover above Rs 40,000 crore on the National Stock Exchange.
Sky-high rentals are forcing retailers to explore new ways to stay afloat. Many have done the obvious thing by shifting to cheaper locations or simply downing their shutters. But others are renegotiating deals with developers to ensure business sustainability. New deals like longer "rent-free" periods, no "lock-in" clauses in agreements and revenue-sharing deals with developers are becoming common.
Indians face COVID-19 with record debt, stalled income.
Shares list at 21% premium over offer price of Rs 825.
High networth individuals selling stocks to buy real estate is among the key risks for the Indian markets.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Motilal Oswal and Raamdeo Agrawal, the promoters of leading brokerage house Motilal Oswal Financial Services, will be worth Rs 700-800 crore (Rs 7-8 billion) each, after the company's initial public offer later this month.
NBFCs are allowed to include registration, stamp duty
Sentiment took a dramatic change particularly in the last one hour of trading with the lower opening of the European markets and investors booking profits in broader markets at record levels
Cortal Consors, an arm of BNP Paribas, is planning to foray into the wealth management services market in India, targeting the high-networth investors, whose incomes range from Rs 10 lakh to Rs 1 crore (Rs 10 million).
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India Inc raised $2.78 billion from overseas markets in October this year, up 44 per cent from a year ago, according to the Reserve Bank data released on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
DLF, Indiabulls Real Estate, HDIL, YES Bank, Union Bank of India and Maruti Suzuki are down 4-12% on NSE.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Infrastructure and real estate prominently feature as wealth destroyers.
Listed Mumbai developers are battling higher inventory levels.
