Since UK referendum outcome to exit European Union last Friday, 32 companies have hit record highs.
Broader gains were capped as investors awaited corporate results from major firms
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
The Gujarat government has given its green signal to Nirma Ltd's controversial cement plant in Mahuva.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Hemendra Kothari, the former chairman of DSP Merrill Lynch, is set to acquire Ambuja Cements' stake in ING Vysya Life Insurance for around Rs 190 crore.
Spotlight likely on cement, metals, road cos
The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
The department for promotion of industry and internal trade (DPIIT) has suggested to the home ministry to allow limited activity in certain sectors such as heavy electricals and telecom equipment with reasonable safeguards. In a letter to Home Secretary Ajay Kumar Bhalla, the department said that these activities are essential to improve the economic situation and provide liquidity in the hands of the people.
The government on Thursday said it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC) has issued the operational guidelines for implementation of ECLGS 2.0 scheme, the finance ministry said in a statement. The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
The Centre and states are looking to further tighten the GST registration process and legal measures to deal with the rising cases of fake invoicing. A meeting of the law committee of the GST Council has been convened on Wednesday to discuss these issues, finance ministry sources said. The committee, comprising senior central and state tax officers, would also discuss the GST fake invoice frauds, further tightening of the GST registration process and work out other legal measures including necessary law amendment required in the GST Act to curb the menace of fake invoicing, they added. Also the provisions related to deemed registration under Goods and Services Tax (GST) law may be tightened to prevent the misuse of such provisions by fake dealers and the provisions related to suspension of registration may also be streamlined to make the procedure of suspension and cancellation of registration more efficient and faster, so that such fraud operators can be prevented in time from continuing to pass on fake credit down the chain.
'I'm a guy who tries to find humour in every situation, no matter how difficult and serious, without offending anyone.'
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
'The Fire and Fury Corps is the only formation of the Indian Army and also in the world to have actually deployed mechanised forces in such harsh terrain. The maintenance of the tanks, infantry combat vehicles and heavy guns is a challenge in this terrain. To ensure crew and equipment readiness, adequate arrangements are in place for both man and machine'
Turns down firm's plea for stay on CCI order; final order pending
The FIPB rejected two proposals -- Nigeria's Mokeme Chiwetal Izuchukwu and Lanarth Developers Pvt Ltd.
Uncertainty over the possibility of Board of Control for Cricket in India's president-in-exile Narayanaswami Srinivasan making a comeback and the survival of the Chennai Super Kings in the Indian Premier League deepened on Thursday as Supreme Court threw suggestions whether those named in the Mudgal Committee could be kept out of the BCCI elections and whether the CSK franchise could be scrapped.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
'India is likely to do better than other emerging markets.'
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
'Will you declare MSP for 100 odd crops that the farmers of India grow?'
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
The total value of M&As involving Indian companies surged nearly 63 per cent to $7.8 billion in the first three months of 2016, primarily spurred by big-ticket divestment transactions.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
'Don't waste your time in doing long pointless graduation courses.' 'Try and get into an apprenticeship or a job after Class 10 or Class 12, as there is always time to get back to academics and learn new skills.'
Numbers collated by the Business Standard Research Bureau show that in the last three years, leading cement manufacturers have multiplied their nine-month profits manifold and mining and paper companies have more than doubled it.
Some make for good investment ideas even after a strong run-up but others could see gains fizzling.
The transaction value has not been disclosed, but the stake sold is valued at Rs 185 crore (Rs 1.85 billion) at on Thursday's close of Rs 153.65.
'As valuations of large-caps appeared to be out of whack, investors started lapping up quality mid-caps and small-caps, which were available at relatively comfortable valuations.'
Private lenders were among the top losers along with RIL.
Small stocks made a dashing comeback in 2020 after delivering negative returns in the last two years as increased retail investor participation in pandemic times saw small-cap index surging up to 31 per cent and outperforming the bigger benchmark gauge. This year turned out to be eventful for the equity market, witnessing bearish and bullish sentiments at different points of time. While the initial part of COVID-ravaged 2020 saw the bears in full force amid concerns related to the pandemic and lockdowns hurting economic activities, bulls made a comeback towards the latter half of the year. As the market swayed with many lows as well as highs, small and mid-cap indices emerged as markets favourites in 2020.
Ministers favour cuts in excise, import duty on steel.
'At this moment, investors should look for relative value within sectors and clear visibility (third-wave-or-not) on earnings delivery.'
From MRF to Shree Cement: 23 companies which delivered 30% CAGR in 15 years.
CEOs have complained that high interest rates have blocked their investment decisions. At the same time, customers are also deferring their purchases for new consumer durables, cars, and homes.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
