Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion
The most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
Professionals with sharp technical skills and knowledge of emerging markets will continue to be in demand, says Nikhil Barshikar, founder and CEO of Imarticus Learning, a tech learning and training company.
FPIs' ownership in NSE-listed companies reached a five-year high of 22.74 per cent in December 2020 on the back of huge net inflow of Rs 1.42 lakh crore by such investors in the third quarter.
India will require a total investment of $10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of $3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said. At the recently concluded COP26, Prime Minister Narendra Modi announced India's aim to achieve net-zero emissions by 2070. "India would need cumulative investments of $10.1 trillion to achieve net-zero emissions by 2070, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF)," a statement said.
Undeterred by travel restrictions being put in place in anticipation of a third-wave of Covid-19 pandemic, there has been a steady growth in overseas job searches by Indians with the US, Canada, the Middle East and the UK topping the list, according to a report. The search activity from India for jobs in other countries was highest between November 2019 and April 2020, where it witnessed a 72 per cent jump, but it declined sharply after the second wave of Covid-19 hit the world, forcing nations to reinforce travel restrictions, global job site Indeed said in a report. However, soon after the world recovered from the second wave of the pandemic, job searches for overseas opportunities picked up and continued to remain steady, it stated.
'Its efficacy is 97.6 per cent.'
The new offer is part of its strategy to turn India to an exclusively 4G market.
Earlier last month, for the first time ever, an anonymous hacker was served with a restraining order as a non-fungible token (NFT), reports Shivani Shinde.
Session-wise data indicates small investors have taken money off the table in more sessions than they have pumped in additional capital.
The expert committee sought more information from Serum Institute regarding the Oxford-AstraZeneca vaccine.
'Did the Moneyball philosophy get redefined in the domain of the cash-rich IPL, which has become an integral part of the cricketing ecosystem?' asks Atanu Biswas.
'An era of fiscal pessimism is setting in, which, if not countered intellectually, is going to have the same effect as export pessimism has had,' notes T C A Srinivasa Raghavan.
More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.
'The loss of Chinese internet company Byte Dance, mother company of TikTok, could be as high as USD 6 billion after the Indian government banned 59 Chinese apps, including TikTok following deadly border clash between India and Chinese troops last month,' reported Global Times citing sources.
Telecom regulator Trai on Monday recommended about 39 per cent reduction in the reserve or floor price for the sale of spectrum for mobile services, including the latest 5G offering, as it looked to match revenue expectations with the industry's paying capacity. With large swathes of spectrum remaining unsold in the last two auctions, the Telecom Regulatory Authority of India (Trai) recommended to the government for selling airwaves in all existing bands of 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz and new slots of 600 MHz, 3300-3670 MHz and 24.25-28.5 GHz. It has suggested a lower reserve price for all bands, compared to the prices proposed in the previous recommendations in 2018.
Among the metro cities, the R-values of Pune and Delhi are close to one, suggests an analysis by researchers at the Institute of Mathematical Sciences in Chennai.
Past data shows that in 20 Budget sessions, the market has ended with gains only on eight occasions.
Food Safety and Standards Authority of India (FSSAI) has mandated to reduce the limit of industrially produced trans-fats, to not more than 2 per cent to make the country free from the industrially-produced trans-fats by 2022, a year-ahead of the WHO guidelines, the regulator said in a statement.
The consignment was imported by a trading company registered in Vijaywada in Andhra Pradesh.
E-learning and work from home have forced a section of feature phones users to shift to smartphones.
'The competition between the two is definitely going to be of great interest to the Indian market.'
'Small investors usually rely on tips or recommendations from a friend for stock picking.' 'These platforms offer them unbiased research for making their investment decisions.'
The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.10 per million British thermal unit (mmBtu) from the current $2.90 per mmBtu, according to the oil ministry's Petroleum Planning and Analysis Cell (PPAC). The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1.
Modern Indian weddings are no longer just about scrumptious menus, flashy decors, and extravaganza events. It's more about thoughtfulness, personalisation, and celebrating with loved ones, observes Anam Zubair, associate director of marketing, WeddingWire India.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
In the advisory, Union Home Secretary Ajay Bhalla said States and Union Territories may consider imposing need based, local curbs and restrictions, to control the crowd during the festive season.
Reacting to it, the vaccine maker said it is working towards resolving the issues cited during the inspection and the order of 20 million doses from the Brazilian government is still active.
Job postings activity in April witnessed 3 per cent decline sequentially as the country is hit with the second wave of the pandemic leading to lockdowns, according to a report. The data indicates that the employment index saw a decline in job posting activity in April compared to March, by 3 per cent, according to the Monster Employment Index. The overall job postings also witnessed a decline of 4 per cent year-on-year as of April 2021, compared to April 2020.
People must be vigilant, follow all safety norms and not let a sense of complacency set in, several doctors said a day after the positivity rate in the city was --- the highest in two months.
Market cap of government companies has remained unchanged in the past 8 years.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
Experts said banking is a play on the economy and the latest buying into this space is underpinned by hopes of a sharper-than-expected recovery in the economy.
HR Guru Mayank Rautela offers practical advice.
Domestic pharma major Panacea Biotec in collaboration with Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) has begun the production of 'Sputnik V' COVID-19 vaccine in India, according to a joint statement issued.
Stop-losses are mandatory to prevent losses going out of control
Only 164 companies or 42 per cent currently trade above the offer price.
Zomato's initial public offer (IPO) is scheduled to open for subscription on July 14 and is priced between Rs 72 - 74 per share. At the upper end of the price band of the offering, the company aims to raise Rs 9,350 crore. Most analysts have given a 'subscribe' rating to the issue for listing gains.
Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds.