...followed by financial services, IT, and sales and marketing.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Warehousing and logistics segment has been among the most resilient asset classes in the pandemic.
Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees. "This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter," said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. "Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months.
Battleground shifts to rural and small towns, where user base aspires to upgrade to smartphones.
Total assets under management (AUM) for September stood at Rs 20.4 lakh crore compared with Rs 20.6 lakh crore at the end of August.
Need for much more investment; sector would like govt help
Companies shipping to Europe to see rupee revenues coming under pressure.
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast.
Spectrum auction: Govt revenues reach Rs 1.02 tln on Day 10
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
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.
Unlike last year, investors turn cautious on e-commerce sector.
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
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.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
In Q1, India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdowns.
The overall e-commerce opportunity in India and China is comparable, yet it's hard to see any single player in India emerging with Alibaba-like market share.
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
He noted that the Rupee has firmed recently but cautioned that the currency should not lose its competitiveness in global trade.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
Coffee Day Enterprises Ltd is backed by KKR & Co.
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
TCS plans to build ignio as a standalone company.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
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The move draws a line under the Swiss government's rescue of UBS nearly five years after the bank threatened to collapse under the weight of more than $50 billion in losses on mortgage securities.
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.
A total of 11 international banks have publicly distanced themselves from the project.
Most of Flipkart's business came from consumer electronics.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
RIL might see its September quarter's profit between Rs 5,600 crore and Rs 5,670 crore.
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
Ahmedabad, Delhi and Mumbai, which together make up 65% of national volumes, post decline in turnover in 2nd half of 2015.
Experts say the market is more bullish on the BJP as it will ensure continuity in policymaking.
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.
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 next key battle the market will watch out for will be in Congress-ruled Karnataka
