Budget 2018-19

  Helped by the ongoing rally in equities, the market capitalisation of BSE-listed companies has reached a fresh record high of Rs 270,24,154.49 crore in morning trade on Wednesday. Helped by the ongoing rally in equities, the market capitalisation of  BSE-listed companies has  reached a fresh record high of Rs 2,70,24,154.49 crore in morning trade on Wednesday. Rallying for the fifth straight session on Wednesday, the 30-share BSE benchmark jumped 376.44 points to its all-time high of 60,660.75. In five trading days, the BSE benchmark index has gained 1,471.02 points. Driven by the ongoing rally, investors’ wealth has also jumped by Rs 8,03,607.44 crore in five days. “An important trend in the market in recent days is the market resilience in spite of selling by both FIIs and DIIs. This new trend reinforces the dominance of retail investors and the success of the ‘buy on dips strategy. We don’t know how long this trend will continue and this strategy will work. But now t...

The top court will hear pleas from the consortium of banks and RCom against stay of assets sale by HC on April 5   The Supreme Court on Thursday ordered that status quo be maintained on Reliance Communication's sale of assets to R-Jio on pleas by a consortium of banks. The apex court bench, comprising Justices A K Goel, R F Nariman and U U Lalit, refused to lift the stay ordered by Bombay High Court on R-Com asset sale. The top court will hear pleas from the consortium of banks and RCom against stay of assets sale by HC on April 5. The State Bank of India had yesterday moved the apex court challenging a tribunal's order, which was upheld by the Bombay High Court, allowing Ericsson to stake a claim on RCom Consolidated's assets. RCom owes Indian lenders Rs 420 billion. RCom Consolidated incorporates the Anil Ambani-led group's Reliance Communications, Reliance Infratel and Reliance Telecom. Apart from SBI, 24 other Indian lenders const...