The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
The stocks could tank more than what it did after the United Progressive Alliance-1 came to power in 2004, as the market has not yet priced in a Bharatiya Janata Party defeat, says Raj Bhatt.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Financial performance, tax issues to be discussed on June 13 meeting.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Brokers hope of a stable government after elections and signs of economy returning to growth path.
Oil tanked to a 7-year low as OPEC decided to maintain production.
PM started 'Make in India' but every product in market is Make in China: Rahul
The 44-player industry logged assets under management of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent. Among debt-oriented schemes, overnight funds received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month.
Positive cues from the global market front aided the rally.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
Raghuram Rajan's 'surgery' uncovers more bad loans
The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India's largest insurance company LIC, an official said. Four law firms - Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co - had made presentations before the Department of Investment and Public Asset Management (DIPAM) on September 24. Following presentations, Cyril Amarchand Mangaldas has been selected as legal advisor for the initial public offering (IPO) of Life Insurance Corporation (LIC), the official told PTI.
Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.
Despite the current bout of volatility, debt-oriented hybrid funds remain well suited for risk-averse investors.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Asian shares ended higher after a string of positive US economic data.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
The Survey shows fiscal consolidation despite slowdown in growth.
Jaitley said growing at 8-10 per cent for a significant number of years will help India find an answer to poverty.
'Then why should people like us face this inconvenience?'
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.
ONGC was the top performer while private banking major ICICI Bank extended gains
'Secrecy allowed in the electoral bonds scheme legalises anonymity'
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
Last minute tips to ace the Common Written Examination for probationary officers for public sector banks.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.
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