Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
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Firms with low promoter holding may get to buy shares from secondary market.
Buoyed by excellent response in December, hopes to raise a total of 1 billion to refinance notes due end-2018.
They have been on an unbroken selling streak since the Union Budget, spooked by increase in income-tax surcharge, taxes on buybacks, and lack of stimulus to prop up the economy.
Financial shares were among the top gainers with HDFC leading the gains.
Tech Mahindra was the top loser in the Sensex pack, shedding over 3 per cent, followed by NTPC, IndusInd Bank, Kotak Bank and Reliance Industries. NSE Nifty fell 185.60 points to 17,671.65.
SpiceJet recently posted a loss of over Rs 1,000 crore (Rs 10 billion) for fiscal 2014.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.
Govt depts, banks prone to information leakage.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
Cairn Energy of UK is seeking compensation from the Government of India.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
Prime Minister Narendra Modi and French President Emmanuel Macron held extensive discussions on a range of bilateral and pressing global issues, including the raging conflict in Ukraine, the situation in the Indo-Pacific and terrorism, as the two top leaders agreed on a blueprint to work together in making the India-France strategic partnership a force for global good.
Ebix had signed the agreement last year to acquire Gurugram-based Yatra Online for an enterprise value of $338 million (about Rs 2,327 crore) in an all-stock deal. The deal was supposed to conclude in the October-December quarter after regulatory approvals but went through several extensions, according to regulatory filings with the US Securities and Exchange Commission.
The survey, conducted by non-profit organisation Catalyst in 2013, covers 5,977 companies in 44 countries and draws on work done by GMR Ratings.
International Finance Corporation will put in $200 million and HDFC will contribute $600 million to create $800-mn corpus for affordable homes
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Several promoters of suspended companies have floated new entities or taken board seats in other listed companies, which are functional, trading
The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s, with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva made the remarks during her address on 'Confronting the Crisis: Priorities for the Global Economy' in Washington, DC, ahead of next week's annual spring meeting of the International Monetary Fund and the World Bank.
The record breaking spree was led by index heavyweights, financials and metal stocks.
Markets under pressure; IT financials grab spotlight.
Prime Minister Narendra Modi on Monday met his British counterpart Boris Johnson on the sidelines of the COP26 climate summit here and discussed ways to enhance bilateral cooperation in areas like green hydrogen, renewables and clean technology, economy and defence.
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
Dilip Bhat, joint managing director of the Prabhudas Lilladher group, a financial products agency, talks to Business Standard about the market rally ahead of the elections.
The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Railway services across city on the Western Railway and Central Railway came to a grinding halt at 10.05 am, as a result of the power outage.
Move 10 per cent of your portfolio to the yellow metal.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Positive cues from the global market front aided the rally.
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
It is advisable to avoid a fund until it develops a track record.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
As part of the deal, Hilton will continue to operate the property for 100 years and the 1,413 room hotel will undergo a major renovation.
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