Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
Understanding financial statements, value and economic moats are key to successful equity investing.
'I hope the trend is sustainable and that economic activity accelerates going forward.'
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
But the clear winner between them is yet to emerge.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
'If you look at this Budget, except for the Rs 2 increase in petrol and diesel, there is no positive or negative impact from the Budget for the common man.'
Stock selection in India remain relatively low-beta given the lack of any conviction here on any near-term upturn in the investment cycle
India is expected to cut imports by a fifth in the fiscal year.
In some ways, Jyotiraditya parting ways with the Gandhis was similar to the saga of the Gandhis and the Bachchans, largely a story of friendship that turned sour. A fascinating excerpt from Rasheed Kidwai's The House Of Scindias: A Saga Of Power, Politics And Intrigue.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
Anshu Jain spent 20 years building Deutsche Bank.
They are trying to better the country's education system.
Approaches Morgan Stanley, GIC and Blackstone
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
In the aftermath of the Karvy incident, lending against third-party collateral facility raises questions over regulations concerning banks and brokers which are at loggerheads. While Sebi and NSDL have ordered the transfer of securities, which were kept as collateral, lenders followed the old business model of sanctioning loan against shares and allegedly overlooked certain parameters. Legal experts feel that this could lead to a collapse of the loan-against-shares market as it raises questions over the sanctity of the pledged securities.
'One thing is sure: After this Budget, no Ambani-Adani tag will be attached to the government.'
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
'Ultimately, people will revolt at one time or the other.' 'You cannot feed the public with cultural issues forever.'
Worried over the fallout of the Supreme Court's observations on allocation of coal blocks, India Inc wants the apex court to consider a reprieve for those allotted to genuine companies that have invested billions.
Anuj Rakyan, the entrepreneur behind Raw Pressery, has seen his business valuation grow 50 times in a little over 3 years. The sky is the limit, he tells Rediff.com's A Ganesh Nadar.
The new wing will be known as the corporate finance investigation department, which will be headed by one of Sebi's executive directors. This department will have information technology solutions experts, particularly to detect the menace of frauds.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
For now, the concerns over bad loans have taken a back seat; a bigger challenge for the banking community is credit growth, explains Tamal Bandyopadhyay.
Voices from the Treasury are clamouring for lowering rates as this would boost demand.
RBI wants the lending rates to be determined by the market.
More steps are necessary to accelerate speed.
Sajid Javid, the son of a Pakistani bus driver whose family migrated to Britain in the 1960s, becomes the first South Asian origin MP to hold a key portfolio in the UK Cabinet.
Investing small amounts of money over very long periods of time creates wealth. If you do not understand this statement, read again and again.
The primary market showed some signs of life in a busy day.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
However, foreign investors have completely shunned the infrastructure sector.
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
The slowdown in credit offtake in the first six months of 2007-08 is showing no signs of reversing with the year-on-year credit growth for the fortnight ended October 26 slipping to 22.47 per cent from 23.3 per cent at the end of the preceding fortnight. Despite a flood of festive offers to boost retail demand, there has been no pick-up in credit for purchase of homes, cars or consumer durables.
Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
