Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
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FTIL group is in big trouble after over Rs 5,500 crore payment crisis surfaced at its subsidiary NSEL last year.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
In a fresh development in NSEL's Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
'There is too much news about film stars. There is too much fawning over wealth and power. There is a grey area between seriousness and triviality in news reporting now.' 'Mumbai is still a magnet. All the politicians have property in Mumbai. Politicians are the biggest racketeers here.' Olga Tellis, the legendary reporter who completed 50 years in journalism, tells A Ganesh Nadar/Rediff.com about her life and experiences.
The Indian Institute of Science, Bangalore and Indian Institute of Technology, Bombay were ranked among the Top 40 as per Times Higher Education BRICS and Emerging Economies Rankings 2015.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
He said farmers need to get good remunerative price for their produce.
On Wednesday, the special MCOCA court in Mumbai awarded death sentences to Kamal Ahamed Ansari, 37, Mohd Faisal Shaikh, 36, Ehtesham Siddiqui, 30, Naveed Hussain Khan, 30 and Asif Khan, 38, for the role they played in the 7/11 Mumbai train blasts, which claimed the lives of 188 people.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
Participants are keenly waiting for the January IIP.
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
Analysts say markets to be impacted by monsoon, inflation trajectory.
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
Moneylife's victory against NSE shows good journalism does not need to fear deep pockets of big corporations
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
It appears that the BJP government has succeeded in managing the communication of the PNB scam in a manner that its adverse impact on its electoral fortunes is largely contained
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
Jaitley can make his innings -- notwithstanding its likely length -- to be a watershed tenure, or just add to the image of the MoD drifting rudderless, says Brigadier S K Chatterji (retd).
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
The 30-share Sensex ended down 215 points at 27,011.
Joe Biden will embark on his maiden visit to India as United States Vice President on July 22 to discuss key bilateral issues, including trade, energy and defence, to make Indo-US ties the most important strategic partnership of the 21st century.
'I would urge my Indian friends to look at how significant the overall support was.'
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
'I hope the trend is sustainable and that economic activity accelerates going forward.'
"You will see further improvement after an immediate reaction and the markets will calm down," says Vikas Khemani.
'...and defensive until the global macro headwinds turn more benign.'
One accused was acquitted by the court.
Here are 10 global and domestic factors.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
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