In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
The BSE Sensex and Nifty fell more than 2 per cent on Tuesday, heading for their biggest daily loss since the midst of the rupee crisis in 2013
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
India Inc raised $2.78 billion from overseas markets in October this year, up 44 per cent from a year ago, according to the Reserve Bank data released on Friday.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
After a volatile session, Sensex closed the day 563 points lower
Bank shares were the top gainers led by ICICI Bank.
He will be the eighth Deputy Governor to be made Governor at RBI
Areas in East and Central Delhi face a blackout risk from Saturday as the State-run National Thermal Power Corporation on Friday rejected the Delhi government's plea not to stop electricity supply to the BSES Yamuna Power Ltd for defaulting on payments.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
"We are concerned about the data localisation law and the new e-commerce regulations...they do not fully take into account the needs of all stakeholders, including American and other foreign companies," acting principal deputy assistant secretary of the US, Thomas Vajda said.
'Unless we get the health and economic situations right at the same time, we will not recover.'
The numbers in India may not be as big but the opportunity for serious growth is all there.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
While Governor Das was sanguine on government walking the fiscal prudence path--which was missed three out of the five budgets of the Modi government--Acharya pointed to the fiscal slippages as a worry.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
As markets gain momentum, investors are again being lured into investing in ULIPs but they may face the heat in case markets fall.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
India Inc is facing threat from non-traditional sources.
Commercial papers, certificates of deposit also dry up
The S&P BSE Sensex dropped 207 points to end at 25,230.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
BSES Yamuna Power Ltd said that there could be power cuts of up to 10 hours a day
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
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.
Investors booked profits in recent gainers
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Equity investments are fruitful over the very long 20-year term.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
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