Paving way for iPhone maker Apple to open its own stores India, the government on Monday relaxed FDI norms by giving a three-year exemption from local sourcing to foreign players in single-brand retail and a further five-year relaxation for 'state-of-art' and 'cutting-edge' technology.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
'It is time to allow the rupee to move towards its true value, as it is hurting Indian exports, investment and SMEs associated with export sectors that create jobs,' argues Pravakar Sahoo.
Metal shares were the top gainers with Hindalco up over 5%.
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
FDI inflows into India were $34 billion in 2014, up 22%.
We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeting inflation, says B Prasanna.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Ajit Balakrishnan offers a thinking man's guide to the angst of the professions.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Not just Tesco, Auchan, Walmart, even Biyani & Reliance keen on food FDI: Harsimrat Kaur Badal
'The Indian State needs to focus on healthcare, education, infrastructure and law and order, and get out of all these regulatory cholesterols.' 'Then, India will fly.'
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
The bank is expected to report a pre-tax profit of $21 bn.
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
Saudi Arabia is insisting on 'In Kingdom' total value-addition requirements
A basic problem is that the cost of spectrum and licences relative to earnings is too high.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
Volkswagen mess costs Germany its strongest nation brand position.
Given the relative rates of gross domestic product growth, the differential will increase.
One of the key concerns for non-users of voice assistants is trust.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.
From 50 stores Vimal Textiles aims to have 150 in 3 years.
Indian companies struggle in face of a set of common challenges related to logistics, labour regulations, tax and tariff policy
Opportunities for job seekers are expected to grow even better in 2015 with employers in India being most optimistic on hiring, says a report.
India's decision to skip the meeting came after a year of bilateral discord over China's stubborn opposition to India's entry into the Nuclear Suppliers' Group and a UN ban against Pakistan-based terrorist group Jaish-e-Mohammed leader Masood Azhar.
The total investor wealth, measured in terms of cumulative value of all listed stocks on BSE, slumped by over Rs 7 lakh crore during the torrid week.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
Sterling fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain's decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest of the bloc.
'Everybody fears them and rightly so. Who in his right senses wouldn't fear these agencies?' 'They can take away everything in seconds with near zero recourse to law.'
Elaborating on America and India's scope of engagement, Kerry said he has seen first-hand the transformation in Indo-US relationship as well as the ups and downs in the relationship. Kerry says the world's oldest and largest democracy were "finally beginning to captalise on our connections to each other." Sheela Bhatt/Rediff.com reports after the media interaction with the US secretary of state.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Key relaxations traced in final regulations.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
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