Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
Equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market which had a roller-coaster ride during the year hit by the coronavirus pandemic. The COVID-19 outbreak ravaged lives and livelihoods on a global scale, shuttering businesses and jolting world equities. But amid all the gloom, Indian stock indices gave hope of returning to winning ways towards the latter part of the year.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Active subscriber base declined by 2.2 million on a month-on-month (MoM) basis to 970.2 million in August 2019, on the back of Bharti Airtel and Vodafone Idea losing customers. Jio was the only operator to add 7.2 million active subscribers in the same month.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
HCL Technologies and Infosys should benefit more than TCS and Wipro
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Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
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Some of the sops being offered to rope in new clients and retain the existing ones are cashbacks, reduced fee, and customised consultancy for clients.
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Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Investors were stuck in old schemes though they were suspended because of tax implications.
Bigger companies are signing equity JVs with global investors.
Digital gold is gold purchased online from various platforms including Paytm or Google Pay and stored in your online account.
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Experts say a turnaround may happen after the general elections.
Weak production outlook, low crude oil prices and regulatory issues could keep the scrip in check
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But trading through the route still a minuscule portion of total turnover
Airtel and Vodafone Idea are also trying to expand the penetration of 4G users in their subscriber base as they take this network to the hinterland
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A section of analysts feel now may not be a bad time to buy select PSBs.