India's surging class of millionaires is stocking up on posh pads, luxury cars, and designer duds.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
Manoj Tiwari and Avishek Jhunjhunwala cracked tons as Bengal reached a mammoth 540 for six in their first innings against Mumbai.
The former India captain took three wickets and contributed 43 runs as Bengal were 113 runs ahead of Punjab.
Traditional textile and art forms are being adapted into modern-day garments, ranging from the super-luxurious to the casual.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
Akshath Reddy and Hanuma Vihari helped Hyderabad close in on Mumbai's first-innings total, but were unfortunate to miss what would have been well-deserved double centuries, in their Ranji Trophy match in Hyderabad on Monday. Opener Reddy scored 196 after spending 576 minutes in the middle, while Vihari scored 191 during his 496-minute knock, as Hyderabad finished the third day on 423 for 3 in reply to Mumbai's 443 at the Rajiv Gandhi stadium.
Madhya Pradesh had the edge over Bengal as they restricted the visitors to 200 for six after being bundled out 342 in their Group A Ranji Trophy match in Indore on Sunday.
The bank may post a loss of Rs 1,000 crore during October-December 2019-20 quarter, an analyst commented.
A healthy bank balance and an Internet connection is all that you need to fulfil your dreams.
Naman Ojha was unfortunate to have missed a century by only a run as Madhya Pradesh recovered from a poor start to post 322 for five in their Ranji Trophy match against Bengal in Indore on Saturday.
Top Bollywood stars made appearances in top industrialist's son's wedding last weekend.
Ramji Raghavan is using this principle to help village children from government schools enjoy science and maths. Indulekha Aravind reports
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
Other members of the search panel are secretary (personnel) Shantanu Consul, telecom secretary P J Thomas, IIT Chennai professor Ashok Jhunjhunwala, IIM Ahmedabad professor Samir Baruha and IISC Bangalore professor N Balakrishnan.
An interview with Prof. Bhaskar Ramamurthi, the newly appointed director of IIT Madras, who is also alumnus of the same institution.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
The Rs 1,500-crore (Rs 15 billion) ladies handbag market will see some major action this year, with luggage makers V.I.P and Samsonite contemplating entry soon.
Images from the Indian Premier League match between Mumbai Indians and Rajasthan Royals on Saturday.
The US Trade Representative's (USTR) office will also conduct the Section 301 probe against nine others, including Austria, Brazil, Indonesia, Italy, Spain, Turkey, the Czech Republic, the UK, and the EU, for levying or considering digital services taxes "discriminating against US companies".
Ajit Narayan and his IIT-Madras colleagues at Invention Labs have created a device that lends voice to children with cerebral palsy!
'If an investor wants to clone an ace investor's portfolio, s/he will be better off cloning the entire portfolio rather than cherry picking stocks selectively.'
Affordability and broadband will be the two major factors that will help tap the remaining market.
Former India skipper Sourav Ganguly was penalised on Wednesday for turning up late in Bengal's Ranji Trophy match against Saurashtra at Eden Gardens in Kolkata.
With profit margins of companies being hit, the firms are taking a host of measures including closing down the unprofitable stores. The stores promoted by REI Agro recently closed 30-odd discount stores that were running into losses.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
VMIL officials declined to comment on the development. According to sources close to the development, VMIL will sell stake to raise money for expanding Hungama, the content and mobile services arm. The Mumbai-based company has already held two to three rounds of meetings with these private equity investors. The company's valuation has been pegged at Rs 800 crore (Rs 8 billion). The funds raised would be used for Hungama's expansion.
Ghosh, who led the ramping up of German insurer Allianz's Indian insurance ventures, has assumed charge as Reliance Capital CEO from today, the company said. He would report to Reliance Capital Vice Chairman Amitabh Jhunjhunwala. Reliance Capital has also crossed the 14 million customer-mark across all its businesses, according to industry sources.
The sector will start making operating profits by 2020.
With IIT-Madras celebrating its golden jubilee, it is appropriate that the fifth Pan-IIT 2008 is held here from 19-21 December.
Bengal were 199 for five in reply to Maharashtra's 215 in the Ranji Trophy match.
Abhishek Jhunjhunwala's timely knock of 62 coupled with Akhlakh Ahmed's superb four-wicket haul helped Kolkata Tigers beat Chandigarh Lions by 22 runs in the ICL's Eelweiss 20s challenge match at Tau Devi Lal stadium in Gurgaon on Wednesday night. Set a target of 166, Lions lost half their side with just 59 runs on the board by the 11th over and then all their wickets for 143 in 18.2 overs.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
Electing to bat the Kolkata Tigers managed to put on 279 in their 50 overs.
India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe.
Rakesh Jhunjhunwala of RARE Enterprises, a high-profile investor, talks to Business Standard on the state of the secondary market and the hype around IPOs.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
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