Nearly about 10 years ago, Steel Authority of India Ltd. (SAIL) embarked on a massive plan of expansion of capacity as well as restructuring. Over the last 10 years, SAIL has paid a price in terms of stock market performance due to the huge investment Read more [...]

While the Nifty held on to the 10,500 levels on Wednesday, the big overhang was the sharp rise in NPAs of PSU banks and the $1.8 billion fraud at PNB. Both these are likely to dominate the market sentiments today also. As we had mentioned yesterday, Read more [...]

SEBI is readying a framework for issuance of P-Notes from the IFSC. As is well known, P-Notes are participatory notes issued by FIIs on behalf of clients who are not registered as FIIs in India and who want to maintain anonymity. SEBI has recently made Read more [...]

SAIL managed to turn around to its first profit in the last 11 quarters as a more conducive steel market and a favourable government policy helped the steel industry to turn around. To the credit of SAIL, it has reduced excess labour and also undertaken Read more [...]

When the stock markets open on Monday, the big question will be what happens to the SGX Nifty futures which will have to be eventually wound up by August this year. The decision was taken by NSE and BSE to protect the interests of the Indian market. However, Read more [...]

The budget is certainly one with a rural twist. From rural livelihood programs to free gas connections and electricity to a massive National Health Program, there is a lot in it for the rural masses. The price assurance to farmers at 1.5 times the cost Read more [...]

Against the best of hopes, the tax on LTCG did come in Union Budget 2018. Of course, the LTCG will only apply at 10% on equity and equity funds above the Rs.1 lakh profit level. That is hardly a consolation because when you book your profits after 10 Read more [...]

Despite some improvement in operating metrics, Air India reported a net loss of Rs.5700 crore for FY-17 as compared to a loss of Rs.3800 crore in FY-16. This loss is nearly 50% higher than the previous financial year. There was a provision of Rs.1150 Read more [...]