It’s a good start to the weekend for billionaire Anil Ambani.
Indian Equities Extend Rally to Fourth Day
Patel’s shock exit dealt investors another uncertainty when they were already bracing for the state elections results.
HCL is buying seven businesses focused on markets such as e-commerce and human resources.
Inflow into liquid funds is the highest since August.
HEG Ltd. expects revenue to more than double and the pretax margin to rise to as much 75 percent.
Indian equities rebounded from a two-day decline making it among the top performers in Asia this month.
Indian Equities Drop as Negative Global Cues Shadow Oil Decline
Indian Equities Slide, Following Global Counterparts Lower
Indian equities advanced as oil prices remained lower and earnings at the top 50 firms mostly topped or met analyst estimates.
Indian Equities Advance Ahead of Holidays as Crude Oil Retreats
The Sensex recovered last week amid company earnings reports and a fall in oil prices.
Sensex, NSE Nifty 50 look to exit a so-called technical correction from their all-time highest closes on Aug. 28.
A sell-off in equities resumed with Asian stocks, US futures sliding as Chinese shares snapped a two-day rally of almost 7 percent
Tight liquidity and a debt crisis at an infrastructure lender last month sparked a 13 percent plunge in the S&P BSE Finance Index.
Stock funds took in 111 billion rupees in September, up from 83 billion rupees in August.
The fastest pace of growth since 2013 at India’s non-bank financiers is about to come to a grinding halt.
India’s shock seizure of a troubled shadow bank on Monday means contagion’s off the table. It doesn’t mean the saga’s over.
“Pendency is bringing a lot of disrepute and it has the potential of making the system irrelevant,” Gogoi said.
Infibeam Avenues lost 71 percent of its market value on a single day after WhatsApp message circulation raising concerns.
Indebted IL&FS secured a lifeline after shareholders approved its plans to raise money through debt and equity.