Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
'Earning expectations remain strong.'
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Pfizer can show the FDA approval to the Indian regulator and present a case that based on whatever data submitted, the US regulator has granted a full marketing nod, says Sohini Das.
Banks bore the brunt of the sell-off.
The best-case scenario -- to which Morgan Stanley attaches 30 per cent probability -- pegs the S&P BSE Sensex at 41,500 levels in the next 12 months.
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
So far in September, the S&P BSE Small-cap index has gained nearly 3 per cent as compared to a modest 0.2 per cent dip in the S&P BSE Sensex.
Sisodia's reaction came after the BJP shared the purported sting to claim that the Aam Aadmi Party government in Delhi framed its excise policy to help a select few and used the money earned through alleged corruption to fund its campaign in Goa and Punjab assembly polls.
SBI was the top loser in the Sensex pack, shedding over 1 per cent, followed by HDFC duo, Kotak Bank, PowerGrid and ICICI Bank.
So far, nine companies have raised Rs 17,860 crore - nearly three times of last year's tally - by way of rights issues.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
There are three things you never do in a small North East state: Undermine local leaders, divide and rule, push homogenisation, asserts Shekhar Gupta.
'Short term volatility is likely due to various factors, global and domestic; investors may use this as an opportunity to increase the allocation to equities.'
The Adani story has only one angle -- how the stocks were rigged up to ridiculous heights, the Hindenburg report on gross overvaluation, followed by the vertical free fall of Adani stocks, points out Debashis Basu.
Waiting for capitulation in commodity markets is the better route to profits, says Sonali Ranade.
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
As Ashwin will now be sharing the dressing room with Buttler, Twitter enjoyed a field day.
Market experts poohpooh fears of capital flight from India.
It could be a tough week In the run-up to such an event, the market is always nervous.
'In a secular society where women are treated equally by law, I want the same equal status for my daughters in society, on par with all the boys.'
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
China on Wednesday reported cases of an Omicron subvariant surfacing in Beijing and Shaanxi province as the Chinese capital announced new measures, making it mandatory to show proof of vaccination for people entering public places.
'There's this presence, a sense of patrolling and surveillance. And it's not coming from a place of safety.' 'It's coming from a place of 'You don't belong here'.' 'It's a malevolent force, the society at large is observing them.'
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
Rajan, who has been warning against competitive monetary policy easing by central banks, however, said the situation is different in India where RBI still needs to bring down lending rates to spur investments.
Launching a scathing attack on the Bharatiya Janata Party in light of its high-profile leaders visiting the RSS headquarters in Nagpur of late, Congress today said the saffron party was working as a "call centre" of RSS to hardsell "product" Narendra Modi ahead of 2014 elections.
The Asian Games normally serves as the Olympic qualifiers but there was some confusion after the Hangzhou Asian Games were postponed from last year to this year due to the COVID-19 situation in China.
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
Hours after the Joe Biden Administration reacted to the farmer protests, India on Thursday said the comments must be seen in their entirety and compared reactions to the violence at the Red Fort with those seen after storming of the United States Capitol.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
After being caught in the perfect storm and conquering near death at sea four years ago, Abhilash Tomy has made seafaring history by coming second in the world's most difficult ocean race. As he sailed to the finish line to welcoming cheers, holding the Indian flag, his remarkable story tells us the amazing things human beings can do.
Rajan's appointment will be perceived as a positive development.
Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings. The board of Sebi, which met on Tuesday, also gave its nod for amending Foreign Portfolio Investor (FPI) regulations and introducing a provision for appointment or re-appointment of any person, including as a managing director or a whole time director or a manager, who was earlier rejected by the shareholders at a general meeting. Once the amended norms are in place, such appointments or re-appointments can only be done with the prior approval of the shareholders.
It is too early to say if we have seen the "final" bottom to these stocks in August 2013 or if another attempt to test them will be made before or just after elections, says Sonali Ranade.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
The stock fell by 24.5 per cent to its 52-week low level of Rs 111.25 in opening trade at the BSE.
However, in some markets of the city meat is anyways not sold on Tuesdays as this day of the week is considered auspicious by many Hindus.
