In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
Troubled Vodafone Idea Ltd (VIL) has filed a review petition in the Supreme Court after the apex court recently dismissed its plea for rectification of the alleged errors in the calculation of adjusted gross revenues-related dues. In the petition, filed earlier this week, VIL has said it is "a travesty of justice" that the company is restrained from questioning the arithmetical errors/ omission which are going to cost it about Rs 25,000 crore (Rs 5,932 crore of principal plus interest, penalty and interest on penalty). VIL has said its contentions have been rejected by the order under review and added that this denial could result in the company going under and its about 27.3 crore subscribers being left "high and dry".
India produced 179 more super-rich people this year led by Adani Group's Gautam Adani who amassed a whopping wealth of Rs 365,700 crore or more than Rs 1,000 crore daily, and the number of such individuals has crossed the 1,000-mark. Geographically, five more cities are home to super-rich taking the total number of super-rich cities to 119 and these 1,007 individuals cumulatively added 51 per cent more wealth in 2021. The average wealth increased by 25 per cent this year that also saw the livelihoods of thousands of people being hit by the coronavirus pandemic.
Narayanan's strategy of building exclusive brands for Myntra has been a success as well, and more such brands will be added to the portal's offering in the future
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'I started reading your MF articles regularly so requesting your guidance as I would like to start investing in MFs'.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
The plan was activated in October last year.
Idea may have to shell out Rs 4,500 crore in cash
Companies write off investments, shed assets as initial projections go haywire
A section of the media on Thursday reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls and that they need more clarity from the Mint Road on certain aspects.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Prayas Jain has been arrested for allegedly buying secret documents.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
A large team led by Kumar Mangalam Birla has taken charge of the integration process.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Eternal Gandhi Museum is the only Gandhi-related museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
Licence winners are expected to be announced by the first quarter of 2014.
Rajasthan's Mahipal Lomror put the IPL franchises on alert ahead of the mega auction with a sensational triple hundred comprising a staggering 13 sixes and 25 fours in their Ranji Trophy Group B match against Uttarakhand here on Thursday.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.
Spinner Shams Mulani (5/71) and Himanshu Singh (4/77) wreaked havoc by sharing nine wickets between them as defending champions Mumbai crushed Odisha.
Ask rediffGURU Ulhas Joshi your mutual fund queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
The prime minister was speaking at an event to mark golden jubilee of the Aditya Birla Group's presence in Thailand.
Major corporates are staring at an uncertain future after investing substantially on their projects
We have to move from E-governance to M-governance. M-governance does not mean Modi governance. It means Mobile governance, the PM said.
'The deal pipeline across products is robust for 2024.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
