Some 500,000 people joined the ranks of the world's millionaires in 2003 thanks to a roaring stock market and strong economic conditions, a survey showed Tuesday.
Ma is also exploring strategic play in one of the largest media houses in India.
The US Export-Import Bank said on Tuesday that it will provide $75 million in loan guarantees for exports of US technology, equipment and services to build Indian Oil Corp's Rs 5104 crore (Rs 51.04 billion) integrated petrochemical complex at Panipat
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
The broader market performance, however, is expected to be better by virtue of good performance of state-owned banks on a low base.
Petronet LNG Ltd, which will become India's first LNG importer when Qatari RasGas' cargo lands at its Dahej import terminal in January next, has planned an initial public offering of equity shares in the same month.
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
This was the fifth consecutive quarter when the Indian markets have seen positive flows from FIIs.
Even after the split, UTI Mutual Fund continues to hold the largest market share of 14.47 per cent closely followed by ICICI Prudential, HDFC Standard Life and Templeton in the over Rs 1,00,000 crore (Rs 1,000 billion) industry.
Sebi takes 6 merchant bankers to task for lapses in IPO
Experts say the market is more bullish on the BJP as it will ensure continuity in policymaking.
The next key battle the market will watch out for will be in Congress-ruled Karnataka
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
Major institutes see rise in summer placements; consulting, BFSI, e-commerce firms are top recruiters, says Vinay Umarji.
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
The Bombay Stock Exchange Sensex is expected to cross the 7,000 mark in the next one year, according to a survey by DSP Merrill Lynch Fund Manager.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
Rosier year-end seen for Indian pharma thanks to faster US approvals.
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
What stocks will gain from a normal monsoon?
The Reserve Bank of India (RBI) is likely to take a "more dovish" stance in its upcoming monetary policy review on December 2 and may go in for a cut repo rate in February, according to a British brokerage house report.
RBI may go for a 25-basis point cut at its February policy meet.
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
The global brokerage firm further said that BoP would be INR-supportive.
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
Global growth expectations have slumped to a five-month low.
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
The bank remains on high alert to intervene if markets freeze.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
According to the foreign brokerage major, after two quarters of 'near-zero' growth aggregate headline profit for Sensex companies, it is expected to show a weak recovery.
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