According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
The inflows from foreign institutional investors of $29 billion last year gave the markets above-normal liquidity. This year, the trade has reversed in favour of the developed markets.
This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.
In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
The recent three-bank merger seems to be grossly negative for Vijaya Bank and Bank of Baroda in the short term, as the negative net worth of Dena Bank will have to be absorbed by the merged entity
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
'People always short-change the resilience of the economy.'
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
Tech Mahindra IPO is worth subscribing as it is attractively priced
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
Analysts attribute this outperformance to the government's proactive economic reform measures
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
Here's why consumers are shifting to large brands.
'Gold could return 10% to 12% in the next two-three years.'
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
RIL's December quarter performance is likely to be muted
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
Indian software firms have been retraining their workforce in emerging technology areas, also helping them get certified
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
Between Kotak, Shapoorji and HDFC, fund managers have raised $700 million from investors
The management plans to invest Rs 27,000 crore in 2019-20, supported by savings of around Rs 14,000 crore that it expects to come from synergising operations of merged entities.
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
A recent report has suggested that future patent expires in the cardiac and anti-diabetes space would form a good opportunity for smaller firms, given their franchise in these segments.
India is on its way to become a mobile app-first market and e-tailers and start-ups have begun their race to capture the next set of users in India - those who access vernacular content.
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
Q3 revenue growth estimated at 1-3% q-o-q, currency headwinds to weigh
From MRF to Shree Cement: 23 companies which delivered 30% CAGR in 15 years.
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
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