'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
Major IT firms Dell, Intel, Aricent, HCL Technologies, Wipro, Lenovo, Nokia and Tulip Telecom, among others, have realised that "going green" is profitable business. Not only does it require a low initial investment but it also earns them brownie points for helping in reducing e-waste.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
The Department of Telecom has postponed the next spectrum auction to February 3 from January 23 amid pending issues, including spectrum usage charges, and a demand from operators seeking more time.
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
The uniform SUC, if implemented as per recommendations made by Telecom Regulatory Authority of India, will provide relief for mobile operators such as Airtel, Vodafone and Idea, but will increase rates for broadband wireless access spectrum holders like RJIL.
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
'The economy needs to deliver the expected 7.5% growth for the markets to deliver better than single digit returns.' 'Any disappointment in growth can see the markets correcting downwards.'
Aramco also plans to invest in building India's largest oil refinery on the country's west coast.
Zuckerberg says internet.org can co-exist with net neutrality
'We believe 2017 could see higher flows from foreign institutions as money comes back to growth markets like India.'
Reliance Industries has doubled the average life of its debt to around 7.5 years.
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
Appropriate policies will increase connectivity much more than spectrum auctions, says Shyam Ponappa.
Riding high on a sharp growth in subscriber base, Anil Ambani group's telecom arm RCOM on Thursday reported a 23.9 per cent jump in its first quarter net profit at Rs 1,512 crore (Rs 15.12 billion) and announced plans to invest over Rs 25,000 crore (Rs 250 billion) in the current fiscal.
UBS said RIL's $10 billion petchem capex by 2016 will drive 12 per cent volume CAGR.
The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn.
Though Google's investment is minuscule and will not move the needle, it will attract other investors to the company and be a morale booster. Pursuing Vodafone Idea would potentially pit Google against Facebook and an increasingly dominant Jio.
Trai said the reports that compensation was not feasible were based on wrong inputs.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
Total income from operations, however, dipped 27 per cent to Rs 68,261 crore.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
For rest of the year, the issue is largely going to be the balance between growth rates and macro stability versus interest rates, says Sankaran Naren.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
American media has taken a critical view of his accomplishments, saying his flagship 'Make in India' drive is "so far mostly hype."
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
India's IT and ITeS exports are poised to touch the $50 billion mark by the year 2008, IT and Telecom Minister Dayanidhi Maran said on Thursday.
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.
Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm
India's largest cellular operator Bharti Airtel on Wednesday posted a 48 per cent rise in net profit at Rs 755 crore (Rs 7.55 billion) for the first quarter ended June 30, on the back of strong additions in its subscriber base.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Growth acceleration will be gradual and it is still early days for a sharp recovery, says Gautam Chhaochharia, executive director and head of India research, UBS.
Experts say the BSE Sensex could rise to around 32,000 in a year.
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
Refining and petrochemicals contribute around 90 per cent to RIL's overall revenue and profit.
Thanks to a $5.7 billion deal with Facebook, a Rs 53,125 crore rights issue and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December.
