Mukesh Ambani-owned Reliance Retail's latest valuation stands at $34 billion owing to a share swap scheme that has helped its shareholders monetise their investment (illiquid stock options). The IMF raised doubts over India's methodology to calculate GDP numbers, saying certain changes to historical series and discrepancies between GDP by activity and GDP by expenditure have made the growth calculation process complex. Largecap stocks have been ruling the roost in the ongoing market rally in 2019. Take into account the past decade, and they have still outperformed the midcap and smallcap stocks by a wide margin. Read for more top stories from the world of business and economy:
Stock owners in Mukesh Ambani-owned Reliance Retail are given an offer whereby they can exchange four shares for one of its parent company Reliance Industries Ltd (RIL). This is as per a scheme of arrangement posted on the group's website.
The Finance Ministry is mulling these measures ahead of the Budget for 2020-21, which may be presented by the Finance Minister Nirmala Sitharaman on February 1.
The International Monetary Fund in its latest report has pointed out discrepancies in calculating deflation, which is used to convert GDP at current prices to constant prices.
The NPAs in Indian banks started rising from 2012 but the asset quality of scheduled commercial banks turned around after a gap of seven years, during 2018/19, as recognition of bad loans neared completion.
If you had made a lumpsum investment of Rs 1 lakh in Sensex on Jan 1, 2010, you would have collected Rs 2.33 lakh by now.