Flipkart-Myntra deal makes financial sense for the investors

So, finally Flipkart has bought Myntra, exposing an open secret and sending a not-so-subtle message—to rival Amazon. Despite loud protestations, it is quite clear that the investors, three of whom own shares in both companies, played a big role in seeing this deal through. Bringing together India's largest online retailer and the country's hippest fashion portal makes financial sense for the investors, and also strategic sense. The

NDA win to prop investor sentiment in stocks rupee: Moody's

A supporter of BJP, wearing a mask of Narendra Modi, the prime ministerial candidate for BJP, celebrates after poll results at the party headquarters in New Delhi on Friday, May 16, 2014. Photo: Reuters

Positive investor sentiment, which got a boost in the run-up to the Lok Sabha polls, is likely to be sustained following the thumping victory of the BJP-led National Democratic Alliance, Moody's Investors Service said

Adani buys Dhamra Port from Tata Steel, L&T for Rs 5,500 cr

New Delhi :  Adani Ports has agreed to acquire Dhamra Port in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.

India's Fiscal, Economic Reforms to Determine Credit Rating: S&P

The fiscal and economic reforms taken by India's new government in the next two to three months will have "significant implications" on India's sovereign credit rating, Standard & Poor's Ratings Services said on Friday.

S&P added the next government would need to regain "fiscal prudence in a sustainable way," such as by implementing a goods and services tax to help stabilise government revenues.

"What the next government says and does in the coming months is crucial to boosting confidence in the policy settings and the economy," S&P credit analyst Takahira Ogawa was quoted as saying in the statement.

"If confidence rises, investment and consumption in India could strengthen, after being held back by the uncertainty surrounding the election."

The S&P statement came after the Bharatiya Janata Party and its allies headed for the biggest victory the country has seen in 30 years.

S&P is the only of the three major credit agencies to have India with a "negative outlook" for its "BBB-minus" rating, meaning any downgrade would send the country to below investment grade.