The changes in the ordinance have been made after taking inputs from states suggesting changes to the Act which would make it more industry-friendly
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
National Demorcatic Alliance ministry's list of assets is fairly wide -- from land and property to vehicles and, for quite a few, guns. Nivedita Mookerji reports
Vinita Bali to lead global ops, new business growth; COO Berry to head India operations.
While the benefits offered by the new-generation products are alluring, choose a plan that offers features you may actually need in the future
The broader markets, however, outperformed their larger peers.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
Sensex dull at close, Infosys rules, ITC drags.
Net profits may dip 4.9% y-o-y, but the silver lining is that performance may be better than the preceding quarter
Its not so tough to improve insurance coverage at nominal cost.
What will be the impact on the Euro itself? Will it devalue and to what extent?
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
In a chat on rediff.com, Feroze Azeez offered valuable tips.
Rajinikanth fans throng Chennai theatres to catch his latest film Lingaa.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
It's also important to understand the rationale behind choosing particular stocks and when to sell.
Subramaniam feels it does make sense to have some overlay in lump sum if one has the cash to do so.
With prices unlikely to run up sharply, genuine buyers can start readying deals before the festival season starts.
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