The company will now focus on value creation for shareholders in the defence and construction businesses.
Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
With banks staying out of the bond market, and foreign investors exhausting their investment limit, the question is: Who will buy the Rs 4.6 trillion bonds that will be issued from April.
The Nifty finished the day at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Analysts attribute this outperformance to the government's proactive economic reform measures
Ashish Chauhan is generous in his praise for his former bosses and doesn't flinch in pointing out the reasons why the BSE lost out in the initial years of the NSE.
Additional levy to eat into Rs 6,000-crore income of top promoters
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Asset managers are betting big on ETFs these days.
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.
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
The framework does not allow settling of serious violations that have 'market-wide impact'.
The scrutiny is expected to be over this month itself.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Indian Economy poised for growth, say experts.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
'We should become an all-encompassing entertainment and information destination," says chairman Subhash Chandra, who monitors the group on a monthly basis, leaving the day-to-day operations to the chief executive officers.
The Sensex has slid 18.5 per cent from its January 2015 peak.
The markets had been on an upward trajectory since August 2013.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The outcome of next year's assembly elections, macroeconomic indicators/corporate earnings growth and global events could keep the markets choppy.'
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.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
More than 10% (40 of 498 companies) have lost at least half their market value.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
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