The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.
Rakesh Khurana, the Marvin Bower professor of Leadership Development at Harvard Business School, professor of sociology in the Faculty of Arts and Sciences and co-master of Cabot House, was named dean of Harvard College Wednesday.
'Hardly any aqua centres exist in India though they are popular abroad.' 'Water is known for its buoyancy which reduces pressure on joints. So, you can exercise effectively underwater, provided you have the right experts guiding you,' Harsh Mariwala tells Viveat Susan Pinto.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
Many see Nirma's Lafarge deal as some kind of second coming for the Patels.
'If you go on with your start up ensure that you put all your might behind it.' 'Ensure that you talk to a lot of people and bounce off your ideas before you go out and make a pitch.'
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
For the baning sector, 2018 was a 'Year of Exits' - borrowers fled from the country as loans went kaput and many bank CEOs were forced to leave
It has been clear for a while that India needs manufacturing - and it may be true that global manufacturing needs India as well. Time to strike while the iron is hot, say Rajat Dhawan, Anu Madgavkar and Sree Ramaswamy.
How bridge keeps corporate India sharp and quick-witted.
Awfis stands out for its 'ambience' and 'ease of doing business'.
The ministry has also asked that the cap of such borrowings is to be set at $500 million (Rs 3,450 crore) for a single company and $1 billion (Rs 6,900 crore) for the entire sector.
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
From India's fight against COVID-19 to China face-off, Kovind spoke on several issues during the televised address.
Haryana plans 100-acre automobile village Auto Village proposes to have about 80 vehicle showrooms and workshops of all automobile brands
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
Generation, a youth employment non-profit, is empowering young people to build thriving, sustainable careers. It also provides employers the highly skilled, motivated talent they need.
Solar equipment manufacturing, however, is unlikely to pick up in India as Chinese imports are more cost-effective
The president's spending plan for the fiscal year that begins on October 1 proposes a rise in the minimum wage and for new spending on infrastructure.
Arvind Subramanian will hold classes for a week on applied economics at IIT Delhi
'The success of the country's economic policies is affirmed by receipt of FDI of $15 billion last year, the highest in the Asia-Pacific after China and India, and well ahead of Indonesia, Australia, Singapore, Malaysia and Thailand,' notes Ambassador Talmiz Ahmad.
Anusha Jain was 21 when she took over her father's business. In four years, she has clocked 1.5x growth for the company.
The Energy and Resources Institute (TERI) led by Nobel laureate R K Pachauri on Wednesday has commissioned a solar micro-grid connection (SMG) in Tanda village of Jagdishpur block (about 80 km from Lucknow) in Rahul Gandhi's Amethi parliamentary constituency.
Number of stocks trading above 50 times and 100 times earnings are at record highs. When this happened in 2015 and 2016, the Sensex fell 22.6 per cent in a little over a year's time after peaking in January 2015, while it fell by 11.3 per cent in two months from its peak in September 2016.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Remembering Verghese Kurien, a visionary who singlehandedly built world's biggest agricultural development programme.
India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
One of the finest minds on foreign exchange management, monetary and fiscal policies, on debt and currency markets, on bank management and governance, and indeed on almost every aspect of modern finance and banking passes into the ages.
Be prepared to attempt a zillion questions before you take the actual CAT, says Prof Uday Salunkhe.
With Donald Trump the appeal has to be to his business instincts in which his personal interests seem to play a significant role, says former foreign secretary Kanwal Sibal.
Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs
The best way for the railways to become more professional will be to get corporatised.
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