Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
The Meghalaya government on Tuesday condemned attempts by Assam-based satellite television channels to create rift between different communities living in Assam and Meghalaya by spreading "unfounded" rumours.
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
The top court also asked the Uttar Pradesh government, which opposed the bail plea of Ashish Mishra terming the offence as 'grave', to file an affidavit with regard to the status of the second case filed over the killing of three occupants of the SUV, which allegedly mowed down the farmers.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The CJI, who hails from Andhra Pradesh, had said in the last hearing that he belonged to both the states and suggested 'mediation' to Andhra Pradesh and Telangana for settling their dispute, saying it did not want to interfere 'unnecessarily'.
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
'The people let off by the NBFCs have little bargaining power and willingly settle for a 20% to 25% cut in their existing salaries when hunting for new jobs.'
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
Equity markets in Pakistan and Bangladesh are tiny compared to the market capitalisation of the Indian equity market.
Experts say it will now be tough for the Modi government to catch up with the UPA's economic record owing to the shock induced by the currency demonetisation.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Ahead of Sunday's reshuffle of the Union Council of Ministers, three Cabinet ministers and a minister of state resigned on Saturday, saying they want to work for the party.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
Corporate indebtedness is now twice what it was before the global financial crisis; banks' bad loans ratio is 3.5 times higher.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Wonder why corporate India is showering dividends?
The prime minister tweeted: "Pained to know about the passing away of Mrs Suvra Mukherjee. My condolences to Rashtrapati ji & his family in this hour of grief."
The Tata group is strengthening the management super-structure within its group companies by extending the post of vice-chairman to three more companies - Tata Motors, Tata Steel and Tata Consultancy Services.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
Investors turn their attention to export-driven sectors.
World trade has been growing slower than world GDP since 2012.
Uttarakhand Governor Krishna Kant Paul on Saturday asked Chief Minister Harish Rawat to prove his majority on the floor of the state assembly by March 28 as the political crisis escalated with the Bharatiya Janata Party, claiming the support of rebel Congress MLAs, stepped up efforts to form its government.
Here are some of the big political leaders' who await their fate on Monday.
Stock prices is due to valuation expansion
In one of the most ill-tempered domestic matches in recent times, Bengal and Railway players set a poor example of on and off-field behaviour, with the two umpires hardly being able to control the proceedings during the last two days of their Ranji Trophy encounter.
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