Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
Deal comes within days of Abu Dhabi's TAQA pulling out of agreement.
It has built confidence in the possibility of change; now reality has to catch up with the image and the expectation, says T N Ninan.
50 years ago, on April 1, 1968, Tata Consultancy Services -- now India's leading IT company -- was born. The foundation for TCS was laid by Faqir Chand Kohli whose life touched directly or indirectly many, many, Indians, says Shivanand Kanavi.
About 53 million homes in the country are yet to get electricity and many industries depend on diesel generation sets to meet their requirements.
Finance Minister Arun Jaitley on Wednesday asked the CAG not to sensationalise its findings to get into headlines, a view the Congress party had voiced in the past after huge notional losses were projected in reports on 2G and coal allocation scams.
Around 80 million rural households are estimated to have no access to grid power.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
India's economy - ranked eighth in 2015 with a GDP of $2 trillion - is projected to climb past Brazil, the United Kingdom, France, Germany and Japan and become the world's third-largest in 2030 with a GDP of $7.3 trillion.
The government has so far closed bids for 13 blocks.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
In 2007-08, companies had raised Rs 87,029 crore by selling shares to public.
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
Coal India achieved a staggering production of 536.51 million tonnes during the financial year ended March 31, 2016
'These are only passing clouds. The banking industry is a century-old industry and this is not the first time it is going through such a crisis.' 'When the economy revives, those companies that are in the infrastructure fields will also get revived.' 'After all, a lot of money has gone into creating assets like power projects and roads, so you can't say money has been wasted.'
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
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.
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
These are companies with a strong track record and good prospects on earnings.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Power transmission infrastructure in 18 major cities could be potentially hacked.
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
The Sheikh Hasina-Narendra Modi summit put India-Bangladesh ties on a firmer pitch. Brigadier S K Chatterji (retd) takes stock.
Dissident Congress leader Kalikho Pul was on Friday night sworn in as chief minister of Arunachal Pradesh after more than two months of political crisis, shortly after the Supreme Court paved the way for government-formation and President's rule was lifted from the state.
Pharma stocks have performed well after Budget
The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.
Industry chamber Federation of Indian Chambers of Commerce and Industry said the Reserve Bank of India should intervene and cut interest rates.
Power plant load factors are at historic lows of around 60 per cent.
Both banks and jewelers sell coins and bars, but it is generally costlier to buy it from a bank
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
The government has the power to allocate coal blocks to enterprises in specific sectors -- such as power, and iron and steel in particular.
Modi may bet on old faces and new to boost reforms
BJP has clicked panic button, says Kejriwal.
The mining sector grew by 4.3 per cent in June as against a dip of 4.6 per a year ago.
The Paris-based firm, which employs over 120,000 people in 40 countries, is a major provider of consulting, technology and outsourcing services with revenue of more than Euro10 billion (about $13 billion) last year.
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
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