India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Indices reversed all its losses during late trades.
The BSE Mid-Cap index was currently down 1.25%
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
There are 30 listed PSUs in which the public holding is less than 25%.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Since we are at the start of the month and the quarter, we shall look at the broader picture for the markets.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
With their balance sheets under stress, private companies have lost interest in them.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
Top ten billionaires in India.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Rumours of which tycoon is close to which minister will soon start floating, and those could affect prices in the short term.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
