Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India Inc's cash pile was up 13.8 per cent last fiscal year, thanks to a combination of higher profits in sectors such as IT and fund raising by top companies such a Reliance Industries, Bharti Airtel and Tata Motors, among others.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Indian IT industry is in for a tougher visa regime in its biggest market, the US. Firms such as Infosys, TCS and Wipro that send thousands of techies on short-term business assignments to the US will now have to disclose personal details of these employees and names of the American companies they are assigned to.
Moulya Software's founder Pradeep Soundararajan in an open letter to finance minister Pranab Mukherjee pleads for a budget that would encourage start-ups to become tomorrow's Infosys, Tata and Reliance.
The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
Shares of RIL on Monday opened at Rs 1,206.50, then gained further ground and touched its 52-week high level of Rs 1,238.05, up 2.87 per cent over its previous closing price.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
'Because of the failure of the UPA era (2004-14), we will add another 10 crore by 2025...total 20 crore in the 21-45 age group with low skills, low education.'
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Prime Minister of United Kingdom David Cameron will be paying a three-day state visit to India from Tuesday.
Another negative surprise in HCL's numbers was the decline in the margin by 40 basis points to 21.4 per cent.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Last November, a lawyer for Future Retail Limited (FRL) told Delhi high court that Amazon is interfering with its lawful business and thousands may lose their jobs and FRL may go bankrupt. Senior advocate Harish Salve, who appeared for FRL, likened Amazon to East India Company. Senior advocate Gopal Subramanium, who represented Amazon, told the Future counsel to keep the "East India Company" rhetoric aside, as Amazon has invested $6.5 billion all over India and created 900,000 jobs. This drama played out in the case in which Amazon has challenged Future's $3.4-billion deal with Reliance, alleging the retailer's deal breached an agreement with the American e-commerce firm.
TCS is expected to report a 5 per cent QoQ (USD) growth in revenues, highest in our coverage, while Wipro's IT Services revenue growth could be closer to 1.1 per cent QoQ (USD terms)."
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Speaking after inaugurating a three-day annual convention and conference of Indian Institute of Architects in Bangalore, Nilekani said the new method would help reduce corruption, and enable drawing up of digital database of cities. He stressed the need for energy-efficient and sustainable buildings, and 'climate adaptation' in design.
HDFC Bank, Reliance Industries and Housing Development Finance Corporation (HDFC) -- with free-float market cap of over Rs 3 trillion -- have the highest weight in the Sensex and the Nifty.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nandan Nilekani, erstwhile CEO and a founder of Infosys Technologies Limited, who is currently co-chairman of its board of directors, offered a peek into his forthcoming book Imagining India, which he said attempts to alleviate a gap in understanding India, while delivering the kick-off Global Leader Lecture at Johns Hopkins University's School of Advanced International Studies.
With prominent Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys Technologies, Zensar Technologies and Satyam Computer Services increasing their presence in Japan, the world's second largest IT services market is becoming a lucrative market for India.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
Technology evolution forces private players to downsize operations.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Before his departure, Putin visited software major Infosys on the outskirts of Bangalore and defence undertaking Hindustan Aeronautics Limited.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
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