Once nearly half, China's market capitalisation is now 5x India's
The combined market capitalisation (m-cap) of Chinese companies touched the $10-trillion mark again, after a gap of five years, on Wednesday. China’s m-cap stands at 4.8x that of India, a gap that could expand to record levels following the stock market debut of Alibaba-backed Ant Financial. Read More.
Centre, states to share cost of Rs 3-trillion discom reform scheme
The new ‘reform-linked distribution scheme’, aimed at overhauling the power distribution sector and building robust supply infrastructure, will subsume all existing schemes into it, with the cost being