Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm Bharat Petroleum Corporation (BPCL), private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year.
The defence minister clearly asserted that there will be no budgetary constraints to enhance the capability of the Army and meeting its other requirements.
'The road ahead for the government's fiscal management will be full of many new challenges,' warns A K Bhattacharya.
In the revised financial bids, Anil Ambani-controlled Reliance Power had emerged as the lowest tariff bidder last month vis--vis other power majors such as Lanco Infratech and National Thermal Power Corporation. Official sources said the government might go for re-bidding to bring down the quoted tariff, which is observed to be on the higher side. The ETF will meet on July 19 to take a final view.
Coal India was the biggest gainer on both Sensex and Nifty
In a meeting chaired by state chief secretary Atul Kumar Gupta yesterday, the ETF recommended invitation of fresh bids for setting up the power plants at Bara and Karchhna in the Allahabad district. However, this has to be ratified by the state Cabinet first to take effect. This would be the third time that the state government would invite bids for the two power plants, which have failed to take off in spite of much fanfare with which they were initially announced.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks.
Anil Ambani severely criticised the attitude of GSM operators and raised the issue of returning the extra spectrum again.
Anuj Rakyan, the entrepreneur behind Raw Pressery, has seen his business valuation grow 50 times in a little over 3 years. The sky is the limit, he tells Rediff.com's A Ganesh Nadar.
The government on Friday cleared seven co-developers in Mukesh Ambani-promoted Navi Mumbai SEZs, thus endorsing fresh investment through private equity players by a key partner of the Reliance Industries chairman, Mukesh Ambani.
The 30-share barometer remained up throughout and hit a high of 29,070.20, powered by a rally in RIL and other blue-chips. The index ended 215.74 points up, or 0.75 per cent, at 29,048.19 -- its highest closing since March 5, 2015, when it had closed at 29,448.95.
Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.
The Anil Ambani group on Friday asked market regulator SEBI to probe hammering down of shares of Reliance Communications and other companies by rivals and charged RIL with attempting to derail ongoing talks for a deal with South African telecom giant MTN.
The index, however, could not hold gains as persistent selling in banking, cement and realty stocks dragged the index into the negative zone. Heavy selling in the Reliance counter in late noon trades saw the index slide to a low of 13,405 - down 467 points from the day's high. The NSE Nifty shed 96 points to end at 4,041.
Besides Jeff Bezos-led Amazon, Walmart-owned Flipkart is also facing a threat from Asia's richest man and RIL chairman Mukesh Ambani, who is also betting big to grab a share of the country's e-commerce market.
The country's fruits and vegetables retail segment has caught up the fancy of international companies even as domestic companies such as Bharti and the Tatas tie up with global firms for supply of farm produce.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
But Down Under is a tough call due to shipment time and quality control issues.
On Monday, the biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, Tata Motors, HCL Tech, IndusInd Bank and Kotak Bank, HCL Tech, Infosys and Bajaj Auto.
The one common theme across companies that have rewarded shareholders is consumption.
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
'It is time to think up a policy of incentivising farmers in the states around Delhi.' 'Let's say a farmer is given an incentive for not burning his crop stubble and instead handing over the task of incinerating the crop stubble to a State-run-or-funded community initiative.' 'The incentive can take the form of, say, fertilisers, or even direct cash transfers,' recommends Somasekhar Sundaresan.
The NSE Nifty ended up 7 points at 4,259.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Readers tell us how they are managing without cash since November 8.
Indian telecom seems to be getting back on its feet.
The Sensex opened with with a positive gap of 47 points at 13,654. The index is now up 62 points at 13,670.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
The trio also accused PM Modi of single-handedly changing the parameters of the deal.
Hopes of revival and earnings growth in 2020, surprise tax cuts, and robust foreign flows - thanks to easy global monetary policies - are a few reasons why the markets have managed to digest the low GDP footprint. Select bluechips such as Reliance Industries, Bajaj Finance, Asian Paints, and ICICI Bank have gained sharply this year. On the other hand, YES Bank, Zee Entertainment, and Indiabulls Housing have seen a sharp fall.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Reliance Energy zoomed nearly 8% to Rs 1,206. Tata Steel soared 7% to Rs 850.
In the midst of a renewed feud between the Ambani brothers, the younger sibling Anil called on Finance Minister P Chidambaram on Monday.
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