Sensex ended strong, Tata Steel, HUL climb higher.
The demand for minerals, boulders and sand is so great that it has fueled a black market and the goons who control this trade do not hesitate to kill law enforcement officers and reporters who have tried to expose them.
Mid- and small-cap indices have outperformed the frontline benchmarks - the S&P BSE Sensex (up around 10 per cent) and the Nifty50 (13 per cent) - in the first half of calendar year 2021 (H1-CY21) by rallying 26 per cent and 39 per cent, respectively. The trend, analysts believe, is likely to continue in H2-CY21 as well. The outperformance in H1-CY21 comes on the back of improved earnings and strong inflows from the foreign portfolio investors (FPIs) in Indian equities. However, good monsoon so far, gradual opening up of the economy and the pick-up in the pace of vaccination provides support to the market.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
At a closed-door meeting with global investors, the largest asset manager in the country boasted of its nearly Rs 37 trillion assets under management (AUM) - 16.6 times that managed by the second-largest insurer SBI Life. The numbers are as of March 31, 2021. The assets of LIC are 1.2 times the net assets of the entire Indian mutual fund industry, which had AUM of Rs 31.43 trillion as of March 31, 2021 (about Rs 37.3 trillion until November this year). The standalone assets that LIC manages are equal to 18.7 per cent of India's GDP and worth more than gross domestic product (GDP) of the UAE, Bangladesh, Malaysia, Singapore, Hong Kong, South Africa, New Zealand, and Pakistan.
Recently, world headlines buzzed with Elon Musk's announcement that he was shelving his audacious bid for social media platform Twitter. Away from the media spotlight, questions are being asked about the maverick billionaire's plans in India, too. A few days ago, a Reuters report said Musk's flagship Tesla had put on hold its plan to launch electric cars in India.
Markets in green tracking firm global cues.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
The Sensex opened with a positive gap of 273 points at 17,560 on the back of strong US markets on Thursday and a rally in Asia. Autos, IT and selective banking stocks were the key movers. It inally ended with a gain of 313 points at 17,600. The NSE Nifty moved up 62 points to close at 5,228. Reliance Infrastructure gained 6.9% to Rs 1523, ICICI Bank was up 6.4% to Rs 935.50 and Maruti Suzuki gained 6.2% to Rs 788. Wipro gained 2.8%, Satyam was up 2.5% and TCS advanced 2.3%.
High ground clearance, a wide cabin and tall stance all mean that the Carens glides over bad roads with ease and comfort and an engine performance that is adequate in terms of the power of this vehicle, says Pavan Lall.
The BS-VI norms are expected to increase the price of two-wheelers by 10-14 per cent.
Step on the gas and the power that propels the compact four-seater will take you by surprise as it hurtles towards the 80 kmph like a racing thoroughbred, never compromising any stability thanks to its rigid chassis and solid 1,600-kg kerb weight that gives it a well-planted feel along straights, corners and tricky lanes and roads, says Pavan Lall.
How Shibani Bhagat plans to rewrite the rules of the Indian sneaker business.
For the Congress' revival, the eclipse of the Gandhis is absolutely necessary, asserts Virendra Kapoor.
India has emerged as one of the top three choices for investments in the next 2-3 years, with more than two-thirds of respondents in a survey of multinational companies (MNCs) citing the country as their number one choice for future investments. According to the FDI survey released on Tuesday by CII in association with EY, about half of the respondents see India amongst the top three economies or leading manufacturing destinations of the world by 2025.
AOL has launched its next-generation of E-mail services in India, which include unlimited storage, effective safety and spam-blocking systems and mobile services ahead of its launch in the US and Europe.
'People will say a lot of things -- ignore the noise.'
Despite the romance around the car and its early models, Fiat in India will also be remembered as a brand that frittered away the first mover advantage, says Shally Seth Mohile.
Audi, Mercedes and BMW will soon hot up the market.
The delay and faltering partnership mean Wal-Mart may miss out on the "first-mover" advantage in a country considered the last great frontier for global retailers.
How the XUV300's suspension, plastics and interiors hold out in Indian conditions after a couple of years will be the litmus test for its success in the long term, but for now, this SUV delivers, says Pavan Lall.
Reliance Industries rose by 1.16 per cent while ITC and ICICI Bank zoomed up to 2 per cent, lifting the indices to all time high levels.
Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
The drug that it would supply is called Olanzapine, used to treat schizophrenia and bipolar disorder.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
The NSE Nifty ended at 3235, up 112 points. The market breadth was fairly positive - out of 1,613 stocks advanced, 975 declined and the rest were unchanged.
According to an M&S spokesperson, the 35 per cent price cut and an expansion in its store network will help the brand in widening its customer base.
Agressive buying in late noon deals helped the index touch the day's high at 17,366 - up 388 points from Wednesday's close. The index finally ended with a gain of 375 points at 17,353. The market breadth was fairly positive - out of 2,755 stocks traded, 1,772 advanced, 909 declined and the rest were unchanged.
There are four things that stand out in China's strategy for electric vehicles, says Vandana Gombar.
Reliance Energy zoomed nearly 8% to Rs 1,206. Tata Steel soared 7% to Rs 850.
One way to bring down the cost is selling off old furniture.
'Both the BJP and SP have workers and cadres across the state, and now it will boil down to which party manages booths smartly and gets its voters to come out.'
Will the intense rate cut war help Indian consumers of home loans? What are the pros and cons of availing home loans that have fixed rates for the first two to three years and then switch to floating rates?
Samsung has the first-mover advantage, but Nokia wants to catch up fast.
Toyota Kirloskar Motors Limited is looking to make further inroads into the Indian market as it puts its strategy into overdrive. With the launch of the Prius and its small car in 2010, it is looking to add another volume product to its portfolio.
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With its Mitsubishi JV beginning operations this quarter, analysts expect meaningful revenue addition
