India and the US will have a series of high-level meetings starting from this week with the visit of Foreign Secretary Nirupama Rao to that country to set the agenda for President Barack Obama's tour in November.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Both the debt and equity markets have seen sharp volatility in recent months.
JV formed for Saudi infra projects, focus on contracts from other countries as well.
We are planning to introduce brand the E*TRADE in India in the first half of 2008. There is huge scope for internet trading in the country because of the growing internet penetration, large population of net savvy professionals and fast growth of business process outsourcing.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
Ahead of the Indo-Pak foreign secretary-level talks, Pakistan Foreign Secretary Jalil Abbas Jilani on Tuesday said he has been "mandated" by his leadership to move the peace process forward and was looking forward to a "very constructive" dialogue with his Indian counterpart on Tuesday.
A report by leading Pakistani daily The News, on the bilateral talks held in New Delhi on Thursday, has claimed that Foreign Secretary Nirupama Rao was not invited to Pakistan by her counterpart Salman Bashir.
The Indo-Pak foreign secretary-level talks are likely to go ahead as per schedule on February 25 despite the Pune bomb blast, with the incident expected to sharpen focus on the issue of terror that India is poised to raise.
Main opposition Pakistan Muslim League-Nawaz chief Nawaz Sharif on Saturday said the Kashmir issue and differences over the sharing of river waters must be discussed during the February 25 talks between foreign secretaries of India and Pakistan.
A report in Pakistani media said Foreign Secretary S Jaishankar admitted to the German ambassador in New Delhi that there was no surgical strike.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
Close-ended equity funds, launched with fanfare three years ago, have disappointed investors with their dull returns. The data from Value Research shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent. In comparison, the Sensex Total Return Index (TRI) has rallied 46 per cent over the past one year.
Let us look at the various issues associated with FoFs -- some are positive and some negative.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
While lenders create a hype around the services offered on digital platforms, customers think otherwise, given that frustration due to the quality of service has only increased, over the years.
Equity flows have been under pressure since the second half of 2018, after the IL&FS crisis sent shockwaves in both equity and debt markets.
An additional factor spurring the FMP launches is MFs' desire to retain investors as many such offerings are set to mature over the next two months.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Operator syndicate could be behind stock hammering, suspects regulator.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
India's concerns over terror and slow pace of Mumbai trial were discussed in the first round of Indo-Pak foreign secretary-level talks dealing with the issue of peace and security during which the Samjhuta bomb blast case also came up with both sides holding "substantive" deliberations in a "forward looking" approach.
Pakistan was on Thursday dismissive of India's attempts to raise fresh evidence of Inter Service Intelligence's links to the 26/11 attacks at the upcoming foreign secretary-level talks, stating clearly that the agenda would be limited to three issues: Kashmir, peace and security and friendly exchanges.
Banks can collapse, markets can be rigged, investment instruments can become worthless overnight, auditors can fail to blow the whistle, board directors can be asleep, and regulators can be incompetent, notes T N Ninan.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
The Bombay Stock Exchange has stepped in to check a sharp surge over the past few days in the shares of 12 companies, including domestic brokerage firm IL&FS Investsmart, and have restricted their movements within a range of 5 to 10 per cent.
Independent directors were supposed to safeguard the interest of all stakeholders.
Global business process outsourcing in the financial services sector has the potential to reach a market size of $250 billion, with India playing a key role, says a study by global consulting and research firm Everest Group.
Indian Foreign Secretary Nirupama Rao met her Pakistani counterpart Salman Bashir at the Hyderabad House in New Delhi on Thursday to kick off a dialogue between the two countries after a hiatus of 14 months. India had suspended the composite dialogue with Pakistan after the terror attack on Mumbai on November 26, 2008, which was planned and carried out by Pakistani terrorists.
Shringla last served as India's envoy to the US. He will be serving a two-year term. In the course of a diplomatic career spanning 35 years, Shringla has held a variety of positions in New Delhi and abroad, and is considered an expert on India's neighbourhood.
'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.
The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.
India and the United States will discuss a host of bilateral and regional issues during talks between top American officials and Foreign Secretary Ranjan Mathai, who arrived in Washington on Sunday. Mathai, who is in Washington on his first bilateral visit to the US, would also drive down to the Capitol Hill during his four-day trip to meet top US lawmakers.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL's books and the value bidders ascribe to it.
Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.