The top-100 wealth creators generated Rs 49 lakh crore during 2014-19, the highest-ever quantum of wealth added, according to Motilal Oswal's Annual Wealth Creation Study 2019. According to the study, Reliance Industries, Indiabulls Ventures and IndusInd Bank are the biggest, fastest and most-consistent wealth creators, respectively. The number of PSUs in the top-100 wealth creators is only nine, namely IOC, BPCL, HPCL, Power Grid Corporation, Petronet LNG, Indraprastha Gas, LIC Housing, Bharat Electronics and NBCC.
Tax officials saidsome instances of "asset transfers" are also under their scanner
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.
High networth individuals selling stocks to buy real estate is among the key risks for the Indian markets.
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
So far, nine companies have raised Rs 17,860 crore - nearly three times of last year's tally - by way of rights issues.
Starting April 1, a non-executive director of 75 years or more can be appointed or re-appointed only by way of a special resolution, which requires 75 per cent 'for' votes.
Analysts attribute this outperformance to the government's proactive economic reform measures
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