Market Analysis

Professional firms preferred over PSUs, MNCs for investment A majority of institutional investors in the country prefer professionally-managed companies over PSUs, MNCs and promoter-controlled firms, according to a survey. The survey conducted by industry body CII revealed that professional companies are perceived to generate highest returns for the investors. The professionally-managed companies are those where shareholding is dispersed among institutional investors. The survey put the investor return perception score for professional firms...

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Economy post

Government allows up to 51% FDI in multi-brand retail, 100% in single brand   NEW DELHI: In a big move, the government on Friday cleared the proposal to allow up to 51 per cent Foreign Direct Investment (FDI) in multi-brand retail. The government has allowed the FDI on the condition that states will be allowed to decide whether they want to opt for it. Commerce Minister, Anand Sharma also announced 100% single brand FDI notification with the requirement of 30% local sourcing. “The move will attract investment, create employment,”...

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