Additional levy to eat into Rs 6,000-crore income of top promoters
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
The Ranbaxy experience has made multinational corporations more cautious about Indian acquisitions in general
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
FDA allows Teva to launch Nexium generic; Cipla, which supplies formulation, to gain
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
Globally, just 8 billionaires have same amount of wealth as the poorest 50% of the world population.
Most people have made plans to travel over the long Independence Day weekend. What about you? Planned something exciting for the I-Day weekend? No? Fret not! Rediff.com's Anita Aikara is here!
RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya could or should do to get out of the current mess.
For the four new players, the spike in wealth is 126 per cent.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The calculation excludes cross-holding of listed group cos in each other.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
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