While Mukesh Ambani-led RIL posted a 108 per cent YoY rise in profit after tax for Q4FY21 at Rs 13,227 crore, it fell short of Bloomberg estimate of Rs 13,704 crore.
India's economic growth, which dipped to 9-year low of 6.5 per cent in 2011-12, is expected to rebound from October, Chief Economic Advisor Kaushik Basu said.
Unlike last year, investors turn cautious on e-commerce sector.
Bankers say it's a question of survival for debt-heavy companies.
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
The problem is simple: None of the incumbent players, including Vodafone Idea, has a similar offer to challenge Jio and ensure that its 2G customers do not migrate.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
Adani intends to ship most of the coal from the mine to India.
TCS plans to build ignio as a standalone company.
Ahmedabad, Delhi and Mumbai, which together make up 65% of national volumes, post decline in turnover in 2nd half of 2015.
RRVL will make an open offer to acquire up to an additional 2.17 crore equity shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory filing said.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
Besides Jeff Bezos-led Amazon, Walmart-owned Flipkart is also facing a threat from Asia's richest man and RIL chairman Mukesh Ambani, who is also betting big to grab a share of the country's e-commerce market.
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
RIL might see its September quarter's profit between Rs 5,600 crore and Rs 5,670 crore.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
The case relates roughly to assessment years 2000-01 to 2002-03 and 2004-05 to 2007-08
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
While some equity analysts have raised target prices for public sector banks, others remain cautious
The fundamental debate remains where you stand on the long-term growth question. That is what every investor must monitor and come to their own conclusions, suggests Akash Prakash.
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
The Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end.
Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
D-Street is hoping RBI policy review meeting on Tuesday will uphold its stand on easing of interest rates
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
'The most important issue for Indians, the only way in which to get them quickly out of poverty, is sustained high growth.' 'If we are not doing that despite a strong government and a leader with clarity of vision and purpose, we are facing big trouble.'
