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The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking , 13.76% to information technology , 12.12% to oil and gas , 8.46% to consumer goods , and 8.22% to automotive .
Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
In 1986, Bo Jackson became the first draftee to sign a total contract (signing bonus and salary) worth over $1 million ($2,779,599 today). [27] Jackson, a Heisman Trophy -winning football player for Auburn University , was also the first overall choice in the National Football League draft , and was offered a $7 million ($19,457,195 today ...
An issue of bonus shares is referred to as a bonus share issue. A bonus issue is usually based upon the number of shares that shareholders already own. [2] (For example, the bonus issue may be "n shares for each x shares held"; but with fractions of a share not permitted.) While the issue of bonus shares increases the total number of shares ...
Badla was an indigenous carry-forward system invented on the Bombay Stock Exchange as a solution to the perpetual lack of liquidity in the secondary market. Badla were banned by the Securities and Exchange Board of India (SEBI) in 1993, effective March 1994, amid complaints from foreign investors, with the expectation that it would be replaced by a futures-and-options exchange.
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.
India's aid for its neighbours began in the 1950s through assistance to Nepal. However, until the 1990s, India was also the world largest recipient of aid, receiving a cumulative sum of US$ 55 billion since its independence in 1947. The ITEC programme has grown in scope and size since the 2000s as India's economy grew rapidly.
India is party to free trade agreements (FTAs) and other trade agreements with many countries and trade blocs, and is negotiating with many others.As of 2022, India has preferential access, economic cooperation and FTA with more than 50 individual countries.