The S&P BSE Small-cap index has recovered 26 per cent as compared to a 23 per cent rise in the S&P BSE Sensex.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
Gupta's lawyers said he did not accrue any 'direct financial benefit' from the insider trading offences and yet he has been ordered to pay a 'heavy price' of two years in prison, a $5 million fine and a separate $6 million in restitution to Goldman Sachs.
Justice Ruth Bader Ginsburg, who handles emergency applications from the 2nd Circuit, on Wednesday denied Gupta's request to stay out of prison.
Says a BJP win would raise business confidence and, as a result, the chances of a new investment cycle
When was the last time you saw a face in a letter?!
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Microsoft came the closest and acquired 1.6 per cent stake in the company for $250 million valuing it at $15 billion.
Kudlow, who served as Trump's informal economic adviser during the 2016 campaign, is a well-known conservative voice.
Let's take a look at 25 most undervalued stocks in the market.
Gupta's lawyer Seth Waxman argued his case during a hearing before a three-judge panel of the 2nd US Circuit Court of Appeals in New York on Monday.
With $110.8 billion in equity and long-term debt, Morgan Stanley is the world's largest securities firm, according to the Institutional Investor magazine's annual capital position rankings.
The Sri Lanka tri-series, for which Sourav Ganguly has been picked as the 16th member of the side, begins on July 30.
With inflation down, the government's twin deficits are largely under control.
Gupta began serving a two-year prison term on insider trading charges
Twitter has filed for an initial public offering with US regulators.
India could not achieve its full potential owing to "misgovernance", while BRIC countries progressed rapidly in the last decade, Gujarat Chief Minister Narendra Modi said on Monday.
From a small team of five weavers, Karagiri now works with 1,800 weavers from across India. Pallavi Mohadikar, co-founder of Karagiri, shares her incredible success journey.
The government hopes to use this data to assess the extent of financial support needed to recover from the pandemic.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
Investors who ditched US markets for emerging ones during the financial crisis are set to pay a hefty price.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
Seth Waxman, lawyer for Gupta, told the 2nd US Circuit Court of Appeals in New York on Tuesday that wiretaps played for the jury were inadmissible because they amounted to hearsay evidence.
Goldman's relationship with ICBC was similar to that of other big global financial institutions that purchased stakes in Chinese banks and insurers.
The e-commerce firm recruited 18 post graduate students.
India's information technology services export is only 2 per cent of the worldwide IT spending despite the global focus on the country's offshoring capabilities, merchant banker Goldman Sachs said in its latest report.
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
Goldman-HDFC JV and OYO Hotels & Homes are betting big on student housing, says Raghavendra Kamath.
Gupta's two-year prison term is set to end in March 2016.
On Thursday, the UN pegged the calender 2013 growth at 6.4 per cent, while the ADB last projected that the domestic economy would reach 6 per cent in the current fiscal.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
