He is betting on emerging firms to generate ideas and build wealth through Premji Invest
Good growth in BFSI segment, favourable currency to aid the company in Dec quarter
Sources said the spin-off, a joint venture company, was yet to be named.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
The key beneficiary of this expansion in the motorcycle market happens to be Bajaj Auto.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The target of $500 billion in bilateral trade by 2020 is doable, feels Anand Sharma.
UTC India is playing up the umbrella brand of Carrier and OTIS to push integrated services.
Livelihoods and lives are being destroyed in the name of building a 'better' India, writes Congress leader Sachin Pilot, in an exclusive column for Rediff.com.
Sensex ends belowe 26,800 on domestic concerns.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
India has a 'natural global partnership' with US, says PM.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
'Research shows that customers want their loans instantly.' 'So the team asked can we reduce the time for approval from 5 days to 30 seconds?' 'It took the company two years of hard work to tear apart our operations and processes and rebuild them through fresh ideas and by leveraging technology.' 'We reduced the time of loan approval to 3 hours and another year to get it down to 30 seconds,' Sanjiv Bajaj tells Surajeet Das Gupta.
'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Legal hitches appear to have cropped up in the plans to set up two new reactors in the Kudankulam Nuclear Power Project and a commercial agreement on it is unlikely to be signed at the Annual Summit between Prime Minister Manmohan Singh and Russian President Vladimir Putin in Moscow on Monday.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
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International taxi-booking service Uber, which has been banned in Delhi after a woman passenger accused one of its drivers of rape, has been sued by the United States city of Portland for operating its service illegally.
Sensex rises, Nifty ends at record high; RIL shares rally.
The first of its kind, a gem bourse to cater to the needs of the gemstone industry of the Pink City where all the business could be transacted under one roof, would soon become a reality.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
Details on prices sought as 10 generic drugs become up to 83 times costlier in 6 months
These simple changes can add a significant thrust to your overall money management over time.
Swarms of immature pink locusts and adult yellow locusts are currrently active. Not only are fresh locusts swarms expected to arrive in the coming weeks, but even those already present in India have mated and are breeding new offspring.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
Moving from pricing control to a free market means stiff competition.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
