Achieving this will require higher capex and opex, totalling $300 million in FY25, and is projected to be at a capex-to-sales range of 10-11 per cent. By FY27
The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week
The rebound reflects the unwavering confidence among retail investors and their belief that local stocks will continue to reward them after rising for eight straight years
About $1.2 billion flowed into the country's stocks through exchange-traded funds and mutual funds in the week ended June 5 - the day Modi secured the coalition
Government policies to improve consumption especially in tier 2 and tier 3 centres could help improve demand for footwear majors such as Bata
These seven firms had mopped up money from investors without complying with regulatory norms
New framework may displace low-turnover stocks, introduce market heavyweights
The receivables situation may become significant, given the prior history of the power sector
The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision
The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate
According to MF officials, smallcap fund AUMs saw a comparatively lower decline as their portfolios have a higher active weight
Brokerage CLSA expects the government's 100-day plan to include large orders in infrastructure and defence
The 30-share BSE Sensex jumped 692.27 points or 0.93 per cent to settle at 75,074.51 on Thursday. In intra-day trade, the benchmark soared 915.49 points or 1.23 per cent to 75,297.73
The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the US labour market was easing
Even in 2004, when benchmarks had collapsed 20% after NDA's surprise defeat, the markets had recouped all the losses to generate positive returns six months and one year later
The equity markets also benefited from bargain-hunting and short-covering following a tumultuous Tuesday
Investor worries of a cooling US economy, however, kept a lid on risk appetite, while the focus in Asia is on how Indian markets fare after stocks sank and the rupee slid
The Sensex, after bottoming out at 70,234, closed at 72,079, marking a decline of 4,390 points or 5.7 per cent
In Europe, investors expect the European Central Bank on Thursday to cut the benchmark rate by 25 basis points to 3.75 per cent
The benchmark indexes have grown by a little more than three times in value since Modi became prime minister in May 2014