Parekh said divestment can unlock huge funds.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
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Most infra projects have hit a road block due to high cost of funds.
Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.
The hype surrounding the Budget gives it undue importance.
Budget in the medium term aims to kick-start the investment cycle.
The scrutiny is expected to be over this month itself.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Railway Budget has not discriminated against any state.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
'Making the railways better is a different type of a challenge.'
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
Rose Valley is one of the biggest money businesses after Sahara.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
Can't believe you can file your income tax return without Form 16? Read this...
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
Single window clearances for realty must.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Engineering conglomerate fended off three corporate raids but emerged stronger.
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In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
Sensex rises, Nifty ends at record high; RIL shares rally.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
RBI's surprise rate cut has revived sentiments of India Inc.
The corporate sector does not care from where the money is coming.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
