Commission has recommended a non-sectoral, principle-based legislative architecture for the financial sector by restructuring and upgrading existing regulatory agencies and creating new agencies
According to a report by India Rating & Research, margin sensitivity of BSE 500 corporates (excluding banking and financial services) to foreign exchange fluctuations has shown a rising trend since FY07-FY13. This may be attributed to the rising level of dollarisation of the income statements and balance sheets of Indian corporates since 2007
The HSBC India manufacturing Purchasing Managers Index (PMI) for March stands at 51.3, showed a contraction from the previous month PMI of 52.5, signaling a weaker improvement in the business conditions of goods production in India. The manufacturing activity across the country remained weaker as compared to previous month.
Reserve Bank of India (RBI), the Apex Bank of the country and regulator of banking industry, has given extension for implementation of Basel III norms. It has extended the implementation date up to 31 March, 2019 from 31 March, 2018.
Delay in approvals, high cost of funds and slow uptick in the sales volume dried up the liquidity for cash-starved real estate companies which in turn log jammed the construction activity across India, says a report by Knight Frank. We give you the key takeaways from the report.
Things are looking positive this morning. The flat close yesterday and global cues today are pointing towards a positive open and a good trading day, so to say. The SGX Nifty is currently up 27 points and that reflects the mood on Indian equities. It could be a volatile session within a range of 50 to 100 points on the Sensex.
Regulatory board SEBI stated that Financial Technologies India (FTIL) is unfit to hold stake in any stock exchange. The company will now have to dispose stakes within 90 days. According to the market sources, the current value of its stake in the five major stock exchanges is estimated to be around Rs 2500 crore.
In a move which would give pace to infrastructure projects, National Highway Authority of India (NHAI) has approved the additional lending policy. This will help companies get an additional 30% loan on their original amount and hence solve their major issues such as financial cash crunch or stalled projects.
Goldman Sachs AMC is coming out with a CPSE-ETF. Here is an answer on whether to invest in the scheme or not.