Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.
As the Indian equities signed off 2019 on a remarkable note, the m-cap of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore.
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
Offering lucrative incentives, Telecom Minister Ravi Shankar Prasad on Sunday invited US technology companies to start manufacturing in India, for meeting domestic needs and exports, under the 'Make In India' initiative.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
'It is important that students not focus on the remuneration that the job fetches in the first year, but look at the next 5 year journey with that job role.'
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
RIL's standalone net profit rose one per cent quarter-on-quarter
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
The government has set a deadline of March 31 for telecom operators to provide an interception solution for BlackBerry enterprise services.
PC shipments have grown around 11.8 per cent over 2001, Vinod Nair, research analyst, hardware platforms, Gartner India said in a release while adding the large spenders continue to be finance, banking and telecom verticals.
Motorola Inc, a global leader in integrated communications, on Wednesday announced the opening of two new research and design centres in Bangalore and Taipei.
Canadian firm Research in Motion is installing and testing a new service, to be made available before January 31, which will automatically render lawfully intercepted BlackBerry messenger messages in a format readable by Indian agencies.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
While Research in Motion, the Canada-based maker of BlackBerry, negotiated a two-month reprieve to develop a solution complying with the Indian government's demands, Indian officials have said companies such as Google and Skype would also be asked to comply with the government's directives or close their networks.
There is growing demand for multi-country shared services and BPO services within Asia-Pacific.
A look at what 3G means and how it will change the way you consume telecommunication services and products in India in the years to come.
US based telecom software company Sotas Inc said on Wednesday that it would invest $3 million in its research and development unit at Gurgaon besides doubling its headcount to 100 from the current 50.
Pune-based entrepreneur's unlisted company is already the largest vaccine manufacturer in the world and the networth has been helped by vaccine distribution and manufacturing potential of his business, it added. Recentrly, Serum struck an agreement with AstraZeneca to manufacture 1 billion doses of coronavirus vaccine being developed by Oxford University.
The Cupertino-based Apple unveiled its latest version of iPad in the US earlier this month.
The University bestows honorary degrees on individuals who have performed exemplary service in ways that are viewed as an extension of their own mission and dedication to teaching, service and research.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
UBS said RIL's $10 billion petchem capex by 2016 will drive 12 per cent volume CAGR.
Hyperactive Telecom Minister Kapil Sibal -- busy trying to 'rescue' the UPA government in the 2G scam ever since he took over after Andimuthu Raja resigned in November -- finds himself caught up in another spectrum scam of the Indian Space Research Organisation's gift of 70Mhz at throwaway prices to its former officer in 2005 that is now turning out to be a Rs 2-lakh crore (Rs 2 trillion) scandal.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
The world's most advanced handset maker, BlackBerry, has charged that Gulf-based telecom company Etisalat had updated the programming of the phones which would give them "surveillance capabilities".
While comparing from July, deal value in August was up 60 per cent due to some large deals during the month.
India has become the world's fourth largest market for optic-fibre cable after Japan, the US, and China following adoption of new telecom policy, a new study has said.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments.
Telecom operator Aircel on Wednesday announced that it has partnered with Canada's Research In Motion to launch BlackBerry services for its customers in the country.
Samsung has priced the S8 competitively at Rs 57,900, while the S8+ is available for Rs 64,900.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
According to the study spanning 11 key sectors, aggregate industrial investments would continue to grow despite the current economic slowdown amid expectations of a relatively muted GDP growth. The study stated that aggregate industrial investments would grow at a moderate pace over the next three years, with total investments projected at Rs 10,50,000 crore.
