It is easy to invest in exotic products but difficult to exit them. Think carefully before investing rather than being blown away by expected returns alone, suggests Mrin Agarwal, founder, Finsafe India.
The Reserve Bank of India (RBI) has liberalised the procedure for facilitating the import of rough diamonds (termed roughs in the trade).
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
Keep a close eye on credit quality, financials of NBFCs before investing. These instruments should not constitute more than 15 to 20 per cent of your debt portfolio.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
Sensex is trading firm; FMCG, real estate going strong.
Sebi has prohibited firms, including Greenworld Agro Industries, Mass Infra Realty, Orchid Cultivation Projects India, Aditya Global Industries and Real Tulip, from raising funds from investors through issuance of securities.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
Provisioning for bad investments, finance costs shoot up in FY14.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
The group also said that Rs 20,000 crore was being demanded from it as 'security' because the Supreme Court has said that 'after verification of Sebi, if there are partially or fully fictitious accounts then that amount will go to government account'.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Sensex surged 486 points or 1.9%.
The country's largest lender SBI on Thursday reported a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore, largely because of a higher base in the year-ago period where it had benefitted from a Rs 4,500 crore one-off income. On a standalone basis, the city-headquartered lender's net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter. SBI chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
'The India which was all about glamour and razzmatazz through which he could earn the trust of people of the other India, which was Bharat.'
During his lifetime and after, Ambani aroused extreme responses in others.
Sebi on Wednesday imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
Experts say a lot of new wealth is being generated by promoters selling their stake.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Asian shares ended higher after a string of positive US economic data.
Equity debt, gold - these all are terms you may have heard of when reading on funds but not quite sure where to start with or which one most suits your needs.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
'Sebi has to make sure that investor interests are protected and at the same time, there isn't over-regulation so that companies don't get discouraged to list here.'
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
The government has decided to do away with the various classifications of foreign investments for the purpose of calculating foreign investment in downstream companies.
DLF wrote to Sebi, asking if the firm's ban on securities transactions extends to mutual fund investments.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of chairperson and managing director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently saying the regulator should hear if Indian companies have a view on the matter even as she made it clear that she was not "giving a diktat". The top-500 listed entities were required to split the roles of chairperson and managing director/chief executive officer before the April 2022 deadline.
'Investors should restrict themselves to a few category schemes with high quality portfolios apart from overnight and liquid funds.'
