The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Rediff.com's Vicky Nanjappa joins the campaign trail with former Infosys chief financial officer V Balakrishnan in Bangalore Central constituency.
Indrani Mukerjea faced fresh charges of poisoning and attempting to murder her son Mikhail as police suspect involvement of people outside the state in the sensational crime.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
The Punjab Police on Thursday arrested the second shooter involved in the killing of Shaurya Chakra awardee Balwinder Singh Sandhu last year.
Given the developments, analysts expect fiscal and monetary support from the government and RBI to revive sentiment. However, recovery, they say, from these levels will be slow and painful.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.
The trend in corporate earnings suggests that index earnings could fall to the levels last seen in early 2014.
'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
I believe that UP has been doing this consistently -- of grossly under-reporting the Covid-positive cases. Nothing else explains the glaring differences in UP's positivity rates versus other badly affected states, says Omkar Goswami.
Police FIR reveals the bank had replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts. These 21,049 were actually not created in the core banking solution of the bank, but were mere entities in the advances master indent submitted to RBI for conducting its inspection for the year ended March 2018.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
Domestic markets may see the return of retail investors finally as earnings from equities have turned positive in recent months, brokerage firm Morgan Stanley said.
An important factor in India's stupendous success in 2021 was the way the government opened its coffers to support athletes.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
The court posted the matter for hearing on October 22.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
After the peak of the rally, the 'champion sectors' tend to underperform or perform in line with the market
Government-owned companies are more generous in rewarding their shareholders with dividends.
'Today we prove that our democracy still works and that the power always belongs to the people through the power of our vote'
As per the latest data released by Telecom Regulatory Authority of India (TRAI), Vodafone Idea -- born last year from the merger of older operators Vodafone India and Idea Cellular -- continues to be the largest operator with 38.75 crore consumers and 33.36 per cent market share in the wireless segment as on May 31, 2019.
The judgment in the 2G case is a huge, huge, indictment of the criminal investigation and justice system, says R Jagannathan.
The investigating officer of the Delhi police, in the remand application, had sought custodial interrogation of the accused saying it was required to identify the persons to whom the alleged siphoned off money was transferred and to ascertain the purpose of creating the shell companies.
FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.
With funds for terror activities drying up due to intense crackdown by authorities, terror outfits are resorting to alternative means -- like carrying out robberies -- to raise money for their plans. Terror groups such as the People's Liberation Front of India, Indian Mujahideen and certain modules of the Harkat-ul-Jihadi in Kerala have all adopted this method. While acts of robbery may indicate sheer desperation.
It has also suggested tax incentives for encouraging use of debit and credit cards as these leave audit trails.
Investors may increase exposure to mid and small-cap stocks as their risk-reward profile is more attractive currently, suggest Nitin Singh and Vinay Joseph.
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
The benchmark Sensex companies' underlying earnings per share are down 3 per cent (on a cumulative basis) since January 2015, against 25 per cent rise in the index value during the period
With YSR Congress leader Jaganmohan Reddy in jail for alleged acts of financial frauds, it was his mother Vijayamma who took on the mantle of running the party in his absence.
M&M recently roared past Tata Motors in auto sales for the first time.
The risk-reward ratio could turn adverse for foreign investors if corporate earnings disappoint by wide margins, or if crude oil prices spike in the international market, putting pressure on the rupee-dollar exchange rate.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
