I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
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India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
Benchmark indices finished higher on hopes of economic reforms
Weakness in Infosys, L&T and Hindalco cap index gains.
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
The Financial Technologies India group has inked a deal to acquire 60 per cent stake in Botswana-based Bourse Africa.
Markets surged in late trades to snap five-day losing streak led by bank shares.
These stocks offer the best combination of maximum 'buy' recommendations from brokerages and share price upside over the next 12 months.
Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93. On similar lines, the broader NSE Nifty dipped 54.65 points or 0.31 per cent to close at 17,475.65.
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
Maharashtra Chief Minister Uddhav Thackeray announced a statewide curfew for 15 days from 8 am on April 14 to contain the rapid spread of the coronavirus in its second wave. With Section 144 being imposed across the state, Thackeray essential services have been exempted from the restrictions. The curfew will be in place till 7 am on May 1.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
The rupee had plunged by 19 paise to close at over 3-week low.
Towards the close of 2013, the finance ministry approved the proposal of UK-based Tesco to invest $110 million in opening up of multi-brand retail stores in the country in partnership with Tata Group firm Trent.
The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
India's plans to relax foreign direct investment (FDI) rules across a broad spectrum of industries have received the final approval from the Cabinet Committee of Economic Affairs (CCEA).
Few top honchos of India Inc did very well in 2014.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Financial shares were the top losers.
A key demand is to reduce the dividend distribution tax on listed firms.
'The easy availability of funds has enabled us to not only hire the best faculty, but has also made it possible for us to retain them with the best possible infrastructure -- labs, grants etc,' Ashoka University VC Malabika Sarkar tells Geetanjali Krishna.
'It could tempt investors to pick stocks that are not fundamentally sound.'
US crude is now more than 17 per cent below its opening price at the start of the month and Brent is down more than 16 per cent.
Reacting to market specific developments, the domestic unit touched a low of 66.74 in intra-day trade before concluding at 66.65.
If the government delivers its election promises, then activity in the industry should increase.
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes.
Shed suspicion and manage differences to improve Sino-Indian ties, says Chinese Foreign Minister.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
Silver is emerging as a stronger bet for the long-term.
Tata Mutual Fund's 'own a piece of India' offering is suitable for informed investors.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
The S&P and Dow dipped the most in a day since September 28.
The expansion in equity market volumes is driven by retail speculators indulging in heavy trading of complex derivatives that are economically unproductive, say Praveen Chakravarthy and T V Somanathan.
