Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Mobility company Ola's chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company's core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. These investment firms had partnered with the company founder Bhavish Aggarwal for this round.
More than 10% (40 of 498 companies) have lost at least half their market value.
There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.
Action against auditors, last of the 276 recommendations of a JPC probing Ketan Parekh scam, is still pending.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
A much-vacant mall in a sleepy industrial park is all that's left of the amount allegedly owed by Mangla Shree Properties against 0.2-mt sugar deliveries
'The economy of Kashmir has collapsed.'
Budget should be a platform for govt to take bold steps.
'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
We are looking at a 600-bed hospital from the existing 230 beds, which will help us create new specialities.
The meeting will focus on how to make the crisis an opportunity for India.
We must work in the direction of an innovation and technology driven economy which could boost up creation of jobs and open advanced and newer avenues of employment within the country.
The members of the Internal Complaints Committee should be empowered to take independent action without any pressure from the management.
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
The prime minister had openly said the retail sector should be open to competition, domestic and foreign.
Investor mistakes are just too many and to me everything looks major. P V Subramanyam tells a few that bother and bug him as an investment advisor.
'What we need is right skilling, re-skilling and up-skilling.'
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The WTO toolkit provides various instruments to deal with such situations - anti-dumping duties, countervailing duties and safeguard measures.
Financials are the top gainers along with index heavyweights.
If the Modi government is going to set new benchmarks of performance, don't expect the majority of his dozen-odd ministers-who-matter with economic portfolios to be making the difference, says T N Ninan.
Industry bodies called for implementation of measures announced in the Budget to arrest inflation, saying these would pave the way for a stable inflation regime.
The Stayzilla episode raises questions over the regulations around the closure of a business, says Sudipto Dey.
There are quite a few lesson that upcoming entrepreneurs must learn from housing.com controversy.
'In the end, investing is about people.' 'If you get the right people, they make things happen,' Mengistu Alemayehu tells Shyamal Majumdar.
'Rajan brought in a healthy air of competition in the banking sector.'
Mr Modi must stop talking, and start writing
Budget will get a welcome reception from the international biz.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances