The strong domestic flow offset selling by foreign portfolio investors who pulled out $23.3 billion (Rs 2.03 trillion) from domestic equity markets in CY25.
Institutional desks of many brokerages in India are in the process of selling about Rs 2,000 crore worth of equity holding of bankrupt US investment bank Lehman Brothers Inc in some Indian companies.
More than four years after it went bankrupt, the US-based Lehman Brothers has offered to surrender its brokerage membership of NSE.
Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.
Lehman Brothers, fourth largest investment firm, filed for bankruptcy, after Barclays pulled out of an 11th-hour rescue, becoming the largest financial firm to fail in the global credit crisis, after federal officials refused to help other companies buy the venerable investment bank.
'Mrs Gandhi had nothing to do in the day-to-day working of Dr Singh's government.' 'People say Mrs Gandhi's office used to give orders, which is nonsense.'
Why is an NRI banker with an MBA from MIT canvassing votes in Madurai?
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
A day after US-based investment banker announced its intension to file for bankruptcy protection, three of its Asian subsidiaries suspended their operations.
More than 90 per cent of the affected investors at Lehman Brothers International Europe are in support of the plan to return the assets.
'It will send a very strong signal that it is now our time to grow.'
Senior executives and auditing firm Ernst & Young have been criticised, among many others, for the failure of Lehman Brothers, by an official report that delved deep into the collapse of once-famed Wall Street major.
Lehman Brothers Holdings Inc's estate has filed a lawsuit against JPMorgan Chase, alleging that the Wall Street major siphoned billions of dollars just days before the demise of the company.
Most of these deals include outstanding payments for acquisitions or stakes in companies. Market experts explained that these Indian firms were keen to settle their deals, even at a discount as they feared that payments might get delayed indefinitely, in case the matter reached court. Lehman's assets in India are currently valued at over Rs 500 crore (Rs 5 billion).
Real estate companies such as Unitech, Peninsula Land, HDIL and Future Capital, the financial services arm of Future Group, are in talks with investors including some leading private equity funds for raising investments for their projects, after the collapse of Lehman Brothers, whose third party fund had promised investments in these property companies' projects, according to industry sources.
If that happens, India's economic size will be just shy of $20 trillion and its annual per capita income will be about $10,000, when the country celebrates its centenary of independence.
Ten public sector banks and two private banks have an exposure of $1.08 billion to US financial majors Wachovia Corporation, Washington Mutual, AIG, Lehman Brothers and a European financial institution Fortis. About $445.60 million was fund-based exposure, while $634.20 million was non-fund based exposure.
Lehman Brothers' bankruptcy filing may well prove to be the last straw for Indian IT firms, which were expecting the second half of FY09 to be better. As a result of the United States' financial market crisis, analysts do not expect Indian IT firms to sign any significant contracts in the banking, financial services and insurance space in the months to come.
In the nine weeks since Lehman Brothers filed for bankruptcy, global syndicated loan volume declined 37 per cent as against the nine weeks prior period to Lehman's collapse, deal tracking firm Dealogic said. Similar trend was witnessed on the bond market as well. In the nine weeks after the fall of Lehman the global syndicated loan volume dipped 41 per cent as compared to the nine weeks prior to the US investment bank's collapse, Dealogic added.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
VIX is meant to indicate investors' perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice versa. VIX touched its historical peak of 85.13 on November 17, 2008, in the aftermath of the collapse of Lehman Brothers. In the past five years, it has stayed below 30.
While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.
Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes, observes Tamal Bandyopadhyay.
Sales have started picking up and the company has cut down losses. It's now looking to expand in other markets.
Regardless of who is right, Rajan has to quickly come to grips with a number of obvious challenges, ranging from the immediate to the medium term.
At 19 times the trailing earnings, valuations are above 2003, 2009 levels.
Stimulus was given in phases after Chidambaram had left the finance ministry to head the home ministry in December 2008.
Not only has the Sensex swung wildly in the interim, staying below 10,000 for months in late 2008, but the market's winning stocks have changed in composition and character.
Finance plays a key role in bringing the ambitious growth plans of dynamic businesses to life.
How to survive a layoff? A BPO employee who was sacked twice and is perhaps preparing for another one, reveals his successful fight against pink slips.
How to survive a layoff? A BPO employee who was sacked twice and is perhaps preparing for another one, reveals his successful fight against pink slips.
US District Judge Katherine Forrest in Manhattan denied JPMorgan's bid to dismiss the 2009 lawsuit by the Operating Engineers Pension Trust of Pasadena, California.
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