Professional CEOs in the sector draw a much higher remuneration than promoter CEOs, points out report by IiAS.
Retaining India's sovereign rating at the lowest investment grade, global agency S&P on Tuesday warned that a downgrade is likely for the country if its political climate worsens and pace of fiscal reforms slows down.
India's economy is likely to grow at the slowest rate in a decade this year.
BSE Metal and IT indices plummeted by almost 2%
In terms of stock selection, India continues to benefit from two phenomena - the big getting bigger and availability of quality stocks in relative abundance compared with its Asian peers.
Under the Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore in state banks over four years while they will have to raise a further Rs 1.1 trillion from the markets to meet their capital requirement in line with global risk norms, known as Basel III.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
NIFTY appears determined to retest the break point as support, which is a healthy sign -- provided it holds. Should it do so, NIFTY too will join the other markets to reach for new highs, says Sonali Ranade
RBI had rescheduled the starting date for its implementation.
Agency's downgrade forms only a small portion of the bank's overall rating.
The minister, who was addressing a press conference on the sidelines of the IMF-World Bank annual meetings, said that there would be lot of action on the reforms front in the next 24 months, the timeline provided by the S&P.
