Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
'The global situation is not very good.'
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
Arun Jaitley had promised to provide more than the budgeted amount.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
Indian companies are planning to increase investments in the new year to expand capacity, acquire companies, and go on a hiring spree, a survey of top executives showed. They, however, cited rising costs, weak consumer demand, and increasing interest rates as major concerns for 2023 which may impact their plans.
Bad debt rules are steps in right direction.
The Indian economy is on the path of a durable recovery on the back of conducive monetary and credit conditions, the global headwinds notwithstanding, said a Reserve Bank of India (RBI) article on the state of the economy. Domestically, there have been several positives on the COVID-19 front, in terms of reduced infections and faster vaccinations, the article published in the RBI Bulletin November 2021 added. The Indian economy, the article said, is clearly differentiating itself from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections in various parts of the world.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
Market participants are now awaiting Thursday's meeting of the European Central Bank
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
The broader markets are, however, outperforming the larger peer.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
2013 foreign currency non-resident deposits to mature in Sep-Nov
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
The move, amid a rise in slippages from restructured assets, is aimed at resolving stress in the banking system.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Experts caution against tough times in Indian equity markets in 2015.
Financial shares were the top losers.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
Ashok Leyland, ITD Cementation India have more than doubled.
Only NIIF has stayed the course as a viable infrastructure financing institution.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
'When we look at the quality of our retail loan book, the non-performing asset percentage is low.'
The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent.
Sensex firm on favourable GDP numbers for FY16.
The agency said that over the next two years new NPL formation rates would witness a gradual decline.
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.
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