Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
"Patel's resignation will shake foreign and domestic trust in the RBI's autonomy and shows that a red line has been crossed."
Some sectors like aviation, hospitality, travel and tourism, and automobile have witnessed zero cash flow since the lockdown began.
The Reserve Bank on Thursdaysaid it is keeping a close watch on global banking major HSBC.
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
Markets are poised for excellent growth, provided reforms continue to roll
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
Fairfax Financial Holdings made three investments in a month
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
Licence winners are expected to be announced by the first quarter of 2014.
'Earnings revival could be two quarters away.'
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Criterion for corporates will effectively rule out entry for business houses.
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