'Market feels this Budget will promote all-round growth and that is what is giving it confidence.'
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
The joint venture will look at long-term, patient investments on solutions that don't lend to an IPO or exit on valuation basis.
Market cap of government companies has remained unchanged in the past 8 years.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Index heavyweights continue to be top losers with ICICI bank.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
Additional levy to eat into Rs 6,000-crore income of top promoters
Phonemaker Apple is said to be in talks to take 30,000 sq ft retail space at plush property Maker Maxity, in Bandra Kurla Complex
ONGC was the top performer while private banking major ICICI Bank extended gains
Brokerage Edelweiss Securities said if the NDA returns to power with a clear majority in line with exit polls, markets would rejoice the policy continuity.
India has a unique window of opportunity to effectuate long-lasting structural change in its banking sector, says Riju Agrawal.
Companies write off investments, shed assets as initial projections go haywire
Bengaluru's average home prices are Rs 4,000 a sq ft.
It has been also revealed that V G Siddhartha had written a letter to the Board of Directors and employees of Coffee Day Enterprises, saying he had 'failed as an entrepreneur'.
Clearly, he is in the right place, at the right time.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
The probe gave a clean chit to the tax department that was being alleged to have harassed Siddhartha.
Some 800 million or more Indians gaze at their mobile phones all day. Whoever can crack what's news on the mobile phone for them and their families, for a nominal payment of Rs 10 a month, is a winner, says Ajit Balakrishnan.
Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
Indians face COVID-19 with record debt, stalled income.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
Private sector firms need to be re-engaged for better infra planning.
In 2017, absorption in co-working/serviced offices was 2.83 million sq ft, about 186 per cent higher than that of 1.52 million sq ft in 2016.
Volatility is part and parcel of stock market.
The one common theme across companies that have rewarded shareholders is consumption.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.
The bank has hired US-based advisory firm Korn Ferry to help with the selection process.
One Raj Shah has been the top Indian American in the Obama administration; the other Raj Shah is poised to play a key role in the Trump administration.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
Dabhol's assets will be demerged into the power plant and the LNG terminal.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Meet Sam Zell or the 'Grave Dancer' who made billions using his business acumen.
