Most Indian start-ups and e-commerce are largely funded by foreign investors
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
Foreign investors are pumping funds into debt in order to take advantage of higher yields
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
It also said that there is a need to improve investor confidence about the surrounding ecosystem in the country to attract more FDI inflows.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
Yes Bank was the biggest gainer in the Sensex pack, soaring 6.04 per cent, followed by IndusInd Bank, Tata Steel, HeroMotoCorp, Sun Pharma, Bajaj Auto, Power Grid, Tata Motors, SBI and Kotak Bank that gained up to 5.32 per cent.
'We are also capable of giving a befitting response to any attempt of aggression,' Kovind said.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
'There is a weak link between the economy and the stock market.'
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to boost economic growth and address distress in various sectors
Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.
Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
Even at early stage, start-ups are raising more money faster owing to the rise of a lot of specialised early-stage VCs and emergence of seed-stage programmes.
At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds - of around Rs 1.5 trillion - in debt-related instruments.
'There is still scope for selective stockpicking.'
The broader NSE Nifty gained 17.35 points or 0.16 per cent to end at 10,997.35.
Continuing to bet big on reforms agenda of the new government, overseas investors have pumped in nearly Rs 32,000 crore (Rs 320 billion) in Indian equities and debt this month.
Besides the pandemic that resulted in higher interest rates, the default by Future Retail has dealt a blow to investor sentiment.
Central bank moves to infuse liquidity into bond market to help boost sentiment.
In India, bond yields have fallen nearly 70 basis points in the last one year.
Revising up inflation bands for the central bank will hurt the poor, former deputy governor of RBI Viral Acharya said on Wednesday, terming the current 4 per cent midpoint on price-rise as a "reasonable target".
Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps to 13-14 per cent, but expects a stronger recovery in the second half as it sees the lockdowns having limited impact on tax collections. Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22 due to the more severe pandemic attack. The virus case load has crossed the 25-million mark, death toll from the same is nearing 2.9 lakh mark, which is one of the highest in the world as the test positivity rate has been around 15 per cent for long.
A key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelising their savings to capital markets in search of better return on their investments and the need to increase their disposable income.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
You may be popular initially because of politics and ideology but if the economy slows down, you will be losing your popularity: Nouriel Roubini.
The arbitration of any court is legally binding and the government) can approach the Singapore high court.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
India allows foreign investors to buy upto $81 bn
Market experts attributed the outflow to profit booking and consolidation in the equity market.
The investors had pumped in a net sum of Rs 2,965.66 crore on February 11, the second-highest single-day inflow so far this month.
But use of that word -- privatisation -- is not encouraged. This seems to be a classic case of reforms through subtle signals, observes A K Bhattacharya.
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
This is first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher.
The reserves had touched a life-time high of $426.028 billion in the week to April 13, 2018.
The declines also tracked the Indian rupee, which fell to a record low as central bank measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency and could even spark further selling if they spook foreign investors.
The RBI has removed Yes Bank from its caution list of monitoring foreign investment following the dip in shareholding by foreign investors below the prescribed limit.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
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