'Our automakers export 50 per cent of what they manufacture and once the policy comes into play, which is in the next 2-3 years, we would become a Rs 10 trillion industry.'
Instead of the minority stake they held earlier, now they have controlling stake in many firms
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
He said he will be 'cheering from the outside' and urged Flipkart team to continue with the momentum.
YSR Congress chief Y S Jaganmohan Reddy and Andhra Pradesh minister J Geetha Reddy have been named in two fresh chargesheets filed in a local court by the Central Bureau of Investigation, which is probing alleged quid pro quo investments in companies owned by the jailed Kadapa MP.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
More major trophies surely await if she can convert her irresistible hardcourt form to French Open clay and grass at Wimbledon.
CCI is India's competition regulator. The undertaking will be a part of the CCI's proposed 'competition compliance' programme.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
Indian companies typically have higher return on equity.
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Swiss cement maker Holcim, which had made an open offer to pick up 36.20 per cent shares of ACC, would also buy out the stakeholding of US-based AIG and GIC of Singapore in Ambuja Cement India Limited
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
'What did we get out of this agitation? Nothing... Now we feel it was all a mistake. We have no work, and our land has turned infertile. We are living in abject poverty'
Large investors track high-frequency data that is immediately available today. That data has been bullish, points out Debashis Basu.
French cement major Lafarge SA, the world's second-largest cement maker, has emerged the frontrunner in the race to acquire the ready-mix concrete business of engineering and construction major Larsen & Toubro.
While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
ACC, the country's largest cement maker that had temporarily idled a plant in Himachal Pradesh this month, said it has kept all options open on similar shutdowns at its other locations in case there is no satisfactory demand for its products.
Many analysts find market expensive, even at current levels.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
This visit has ended on a vastly different note in comparison with Modi's previous visits. Call it a rebuke, call it a censure, call it a distancing from Modi, the sharp message would have gone home, observes Ambassador M K Bhadrakumar.
It plans to introduce a total of eight products in the country in 2017-20, of which three will be completely fresh while the rest will be new versions of the existing ones
