Reliance Capital’s letter asking the Forward Markets Commission to annul all MCX-FTIL agreements and related-party transactions has come as a setback for MCX’s shareholders, as this could in the near term hurt both investors’ confidence and valuations. In addition, to improve transparency, R-Cap also wants the PwC report to be made available in the public domain. PwC had said MCX made payments to ‘bogus’ entities and its contract with FTIL was unfavourable for the ... Rediff.com, 2 months ago
The boldest prediction on where the markets are headed has come from Karvy Stock Broking when in his report Varun Goel, head of PMS, has said the Sensex could touch 100,000 by 2020. The Sensex would require 25 per cent compound growth to touch ...Business Standard India, 1 month ago
The structural reforms that the new government is putting in place will take up to 18 months to bear fruit, says Sanjeev Sanyal (below left), global strategist, Deutsche Bank. In an interview with Samie Modak, Sanyal says PM Modi might bring in radical tax reforms to address the fiscal challenge. Excerpts: How are you reading the strong mandate given by the electorate to the new government? Prime Minister Narendra Modi has not only got a clear mandate, he is the first PM ...Rediff.com, 1 month ago
The market breadth in BSE ended positive with 1,920 shares advancing and 1,092 shares declining. The BSE benchmark Sensex on Tuesday jumped by nearly 174 points to end the day at all-time closing high of 24,858.59 as sentiment remained positive after the Reserve Bank of India pleased markets by unlocking about Rs 40,000 crore (Rs 400 billion) of banking funds by cutting the statutory liquidity ratio (SLR). Boosting investor sentiment, The Reserve Bank of India (RBI) also allowed ...Rediff.com, 1 month ago
New Delhi : Several top representatives from Muslim community have appealed to Prime Minister-designate Narendra Modi to set up a single high-powered committee to resolve crucial issues relating to minorities. Participating in Rajat Sharma’s show Aap Ki ...IndiaTV News, 2 months ago
The markets picked up momentum in the noon session to end the week on a high due to strength in banking and oil stocks. The optimistic cues from the global front would have also contributed to the positive mood on Dalal Street. The Sensex ended at 24,693, up 318 points and the Nifty ended comfortably above the 7,300 mark at 7,367, up 90 points. The broader markets continued their outperformance for the fifth consecutive session; the midcap and smallcap indices jumped by nearly 2% each at 8668 ...Rediff.com, 2 months ago
From an unmarked office in Gandhinagar, the capital of Modi's home state of Gujarat, the young men and women, some on sabbaticals from firms like JP Morgan and Deutsche Bank, worked on turning a fragmented parliamentary election involving 543 seats into a ...Jagran Post, 2 months ago
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