The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.
The government has cleared 408 foreign direct investment proposals involving Rs 3,025 crore (Rs 30.25 billion) in the first half of this fiscal, the Lok Sabha was informed on Friday.
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
"As an organisation committed to the rule of law, our operations in India have always conformed with our national regulations. The principles of transparency and accountability are at the heart of our work.".
Falling for the fourth day in succession, the rupee today dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets.
Bond market expects the Reserve Bank of India to cut the repo rate after the government buys back gilt worth over Rs 84,000 crore (Rs 840 billion), hopefully this month.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
'It could tempt investors to pick stocks that are not fundamentally sound.'
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Traders said sentiment turned distinctly weak after gold prices slumped in global markets as Swiss voters rejected a plan for their central bank to accumulate bullion and oil extended its decline to five-year low, curbing demand for the precious metal.
This lawsuit will have no bearing on its fund-raising exercise as a deal is already in final stages
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
At the Interbank Foreign Exchange Market, the rupee resumed lower at 59.72 a dollar from the previous close of 59.67 and declined to a low of 59.88. It bounced back on dollar selling by exporters and some banks, touching a high of 59.30 before settling at 59.35, a rise of 0.54 per cent.
With the rupee crossing Rs 72/dollar in recent times, things suddenly don't look too good on several counts.
And why markets could give up 25 per cent of all these gains made since March 2020
IIP for November 2015 and CPI for December 2015 will be announced today.
After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The company has been given time till June by mortgage holders Reuben Brothers
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
The rupee ended higher for the second consecutive week.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Sesnsex ended the day flat on heavy selling pressure.
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
Undisclosed foreign assets and funds worth Rs 350 crore detected; these are separate entities from those featured in Panama Leaks and Paradise Papers
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
Auto stocks are weighing on the indices.
The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the COVID-19 lockdown.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
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