The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
Wipro, HCL in race for Sebi's fraud detection system upgrade,
A common factor that binds all these men is greed.
The judgment in the 2G case is a huge, huge, indictment of the criminal investigation and justice system, says R Jagannathan.
The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".
These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Share prices of some recent listings, including the scam-tainted Atlanta Ltd and Nissan Copper, have been falling over the last couple of sessions on fears of further action from the Securities and Exchange Board of India (Sebi).
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
"The impact of Sebi action will be positive for retail investors as they will get greater allocation in IPOs," Prithvi Haldea of Prime Database told PTI.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Buy shares of a good profitable, successful business, hold on for inordinately long periods of time, and live off the dividends. You will surely get wealthy in the long run.
'Even if Setters shows no inclination to understand the dark desperation that drives parents to buy marks for undeserving children, it could've made a little more effort to be sly or suspenseful,' says Sukanya Verma.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
In significant push towards a less-cash economy, Prime Minister Narendra Modi on Friday announced starting a biometric payment system using Aadhar platform within two weeks even as he exhorted citizens to adopt digital currency from the new year.
Manoj Vaish on Saturday took charge as Managing Director and CEO of the country's leading commodity exchange MCX that is under the regulatory glare following troubles at the promoter group.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
'Karti Chidambaram may be the beginning of a larger can of worms that the government has waited thus far to pop open,' says Vikram Johri.
While the DMK fears that the Congress with its poor strike rate will pull it down in the 2021 state elections, like it did five years ago, the ruling AIADMK is worried that the BJP may ultimately do a Bihar on it, relegating it to second place in Tamil Nadu, says N Sathiya Moorthy.
Tejashwi has refrained from reacting in public but is understood to have been upset over the frequent outbursts of his elder brother.
On the basis of the complaint filed by Leena Mangat, the CB-CID had filed an FIR on Jan 9, 2009.
In a severe indictment, commodity market regulator FMC has said Jignesh Shah and his firm FTIL are not 'fit and proper' to run any exchange in the country and charged him of being the "highest beneficiary" in the NSEL scam.
The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
It's time the government accepts that Digital India is too distant.
ED attached 21 properties of Nirav Modi and his group worth over Rs 523 crore.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
The BSE Realty Index is on a downhill journey.
A court asked for further investigation into an illegal coalfield allocation case involving Hindalco Industries on Tuesday, rejecting an earlier report from the CBI that said the probe was likely to be closed.
Indian airline SpiceJet Ltd said on Thursday that its billionaire owner, Kalanithi Maran has proposed to transfer majority ownership in the ailing carrier to co-founder Ajay Singh.
While the ruling combine faces strong anti-incumbency factor, opposition Shiv Sena-BJP needs to strive to win majority. Sanjay Jog reports
"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.
For 20 years, the stock market headed nowhere, and this has created permanent aversion.
