The IIT-Madras alumnus, who moved to Canada for an MBA programme and settled there, is not new to investing in India.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
The government is auctioning 42 coal mines among 204 coal blocks.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Senior government officials said the company would be allowed a harmonious exit.
Pooling will also kick-start projects of Reliance Power, Torrent, Lanco.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
More than 10% (40 of 498 companies) have lost at least half their market value.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Affected firms note practical problems in getting discoms, consumers to pay for costlier supply; viability shadow on investments
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
While some companies used that to become world leaders, others squandered it by over-borrowing.
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
But he is actively pursuing greenfield steel plants in Karnataka and Jharkhand; ultimately, only one of these might come up.
Eleven things we learnt about Rahul Gandhi's style of functioning from former Union minister Jayanthi Natarajan's November 214 letter to Congress president Sonia Gandhi.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
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