The benchmark BSE Sensex rose over 44 points to 26,172.72 in early trade today, extending gains for the third straight session as investors indulged in widening their positions ahead of GDP data for the September quarter.
The agreements have been signed ahead of Japan’s Prime Minister Shinzo Abe scheduled visit to India in December.
According to the CCF unit report, there is a big credibility gap in the report. The CCF report also sought an independent, third-party verification.
Till November, the value of M&A deals, which typically law firms advise on, was $29.6 billion compared with $37.4 billion in the whole of 2014, according to Thomson Reuters data.
UBS has forecast 75 bps cuts (25 bps by end-FY16, 50 bps in FY17) versus no cuts expected by the Street over the same period.
Committee is likely to have 6 members; 3 from RBI and 3 from government.
This comes at a time when pressure is mounting on insurers to invest in Tier-I bonds of banks and some insurers are sitting on huge losses arising from their equity investments in banks.
According to dealers, the Reserve Bank intervened in the market and sold dollars to stem the rupee fall.
“The Tatas are present here with Tata Metaliks, Tata Hitachi and TCS. No other company in the state has such large presence in terms of manpower,” said Mitra.
Delhi HC refused to issue any injunction against Cipla restraining it from manufacturing the medicine, after observing that the life of the patent granted to Roche was ending in March 2016.
The bank which made the announcement in an internal e-mail to employees will move around 70 employees working in the division to the retail banking business.
The survey said 92 per cent of the companies in India have not appointed a lead independent director.
The scheme, which was launched by Prime Minister Narendra Modi earlier this month, garnered only 400 grams of physical gold of the over 20,000 tonnes worth gold lying idle in the country.
Hindalco was the bright spot with a gain of 3.26 per cent, followed by state-owned SBI, L&T, ICICI Bank and Vedanta Ltd.
With the possibility of banks reducing their offering on deposits and inflation always threatening to come back, the instrument is far from losing its relevance.
The markets have already discounted the US Federal Reserve rake hike event and people want it to be behind them. Markets and traders don’t want uncertainty.
The RBI move is expected to give an exit to existing investors and also help in reducing the level of stress in the banking sector.
Nyaya Bharti, which will be run under Bharti Foundation, is likely to be operational by April 2016.
Out of a total of 18,123 card related complaints, 10,651 complaints were pertaining to ATM/debit cards (12.51 per cent of complaints received).
In August, PM Narendra Modi in his Independence Day speech had given a call for “Start-up India, Stand up India” to encourage innovation and increase employment for the youth.
Option open: Doing away with extra 1% levy on manufacturing states for 2 years.
Most of the projects are for ensuring universal water supply and sewage connections, since the mission focuses primarily on these two areas.
Bansal will be part of Ola’s core leadership team and will join the company in January, 2016. Mitesh Shah, who is currently the CFO, will lead strategic finance initiatives as part of Bansal’s team.
The Cabinet had last week approved 10 per cent stake sale in Coal India. As many as seven merchant bankers had bid for managing the disinvestment of Coal India.
Operators say they will urge Trai not to auction the 700 MHz band now.
BSE Sensex today bounced back almost 183 points to close at over two-week high of 25,958.63 as investors lapped up realty, auto and metal stocks amid hopes of a breakthrough on GST Bill in Parliament
The US Food and Drug Administration was not satisfied despite Dr Reddy's sending responses nine times from December 15, 2014, to September 15, 2015.
Fares may be capped at Rs 2,500 per flying hour
Both the (real) net export contribution to growth and productivity growth have stalled since the global financial crisis, the report said.
India reported highest cases of corruption (25%), regulatory breach (20%) and IP theft (15%). India also ties for the highest national level of money laundering (8%).
Failure to enact legislation on unified GST and Land Acquisition Bill could hamper flow of investments.
Top stock exchanges BSE and NSE, as also forex, money, bullion and oilseeds markets are closed today on account of "Gurunanak Jayanti". Trading will resume on Thursday.
In all, 34 projects stretching across 3,500 km are expected to benefit immediately from the measure, said ministry sources.
Reasons include a progressive increase in the tax component on petrol and diesel as a percentage of retail prices, oil firms beefing up margins and depreciation of the rupee.
Its total income declined to Rs 9,387.55 crore during the said quarter against Rs 11,840.64 crore in the same period last fiscal.
Mallya said he was in talks with banks to settle dues of the defunct Kingfisher Airlines though he did not spell out how.