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Stock markets in India saw a big jump when Narendra Modi was appointed as the Bharatiya Janata Party's (BJP) prime ministerial candidate in late 2013. The exuberance continued unabated when the BJP secured the necessary number of seats needed to form the government on its own. As Table 1 shows, the BSE Sensex began its ascent around mid-2013, reaching a high of 29,681 in January 2015. While the markets corrected thereafter, the stocks have since then made up ground.With stock markets gaining momentum, the moribund initial public offering (IPO) market began to show signs of a revival. In 2014-15, eight IPOs hit the market, up from one in 2013-14, as shown in Table 2. This figure rose to 24 in 2015-16. Collectively, these companies raised Rs 14,500 crore in the primary market, just shy of what was raised the previous four years together.In 2016-17, so far six companies have raised a total of Rs 5,728 crore. Another 19 companies are lined up, expecting to raise Rs 5,635 crore as shown in

StatsGuru: India's IPO market seems to be on the cusp of a revival

Business Standard

Having realised this danger in 1985, the first Montreal Protocol of 1987 called upon the world to phase out CFCs in favour of HCFCs (hydrochlorofluorocarbons)

Letters: Switch to hydrocarbons

Ironically, the extant rules offer a meagre compensation of up to Rs 4,000 for both denied boarding and cancelling a flight

Letters: Taming domestic airlines

Supriyo has been telling Ahluwalia, 65, that it doesn't behove him at his age to be handling a portfolio that has "affairs" in it

Parliamentary ribbing

The re-tweet came too late - by then, the Twitterati had had a field day poking fun at Swamy"s "double standards"

Swamy's self-goal

In a recent internal communication, Naidu has warned that officers and staff members who are absent during designated hours or arrive late for work repeatedly will have to forgo a day's casual or earned leave

Time to pay the price

Business Standard analyses one family's finances and suggests a way forward>Status & GoalsPankaj and Shalini work in different call centres in Mumbai. They have a two-year-old daughter, looked after by a full-time maid. Their primary goal is to buy a house and plan for their daughter's education and marriage

Case study

Realty check: Budget - Rs 50 lakh-1 crore

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Artificial intelligence will reshape the business model: Vikram Shroff

Vikram Shroff

It's the era of man versus machine. And, we lawyers are equally at risk. Technology was always disruptive - however, the pace at which artificial intelligence (AI) is developing has caught most unaware. To illustrate:IBM's ROSS, which gets smarter with time as it "learns" from user history, can research 200 million pages of simple text in a second. Symantec's Clearwell system can scan and summarise 500,000 documents in two days. LegalZoom and RocketLawyer allow people to create wills, incorporate businesses and register intellectual property rights.Over the last decade, automation has driven considerable change in the legal sector. Leading law firms and legal outsourcers are already using or testing AI for contract creation and management, discovery, knowledge management and compliance functions.AI will reshape the underlying business model of our profession. Several law firms have formed joint ventures or bought firms to use their technology. AI will eventually help create virtual law

The failed coup makes the West Asian crisis more complicated

Turkish treatments

Information technology firms must engage more US workers

Beware the Trump factor

With reference to Dilasha Seth's report, "Ban cash transactions of above Rs 3 lakh to curb black money: SIT" (July 16) the suggestion, though feasible, is not realistic

Letters: Withdraw certain notes

Apropos the report, "Ban cash transactions of above Rs 3 lakh to curb black money: SIT" the Supreme Court-appointed special investigative team's recommendation aimed at curbing black money generation is a step in the right direction

Letters: Too accommodating?

T N Ninan's interesting article, "Subbarao tells all" (July 16), compels me to pen my observations as a citizen of India

Letters: Offer solutions

Odisha seems to be taking some interesting steps to drill civic sense into people

Spit and get fined

Bihar Chief Minister Nitish Kumar believes the Class XII topper scam is a blessing in disguise as it would help clean up the system.

Nitish sees silver lining in scam

The game of one-upmanship is on in earnest in Uttar Pradesh, as the state gears up for Assembly elections in 2017

Mayawati dismissive of Congress

As the Rajya Sabha prepares to meet on July 18, three members are expected to provide new zing to the proceedings. Amar Singh is the king of one-liners and has returned to the Rajya Sabha from the Samajwadi Party after a short interregnum. Ram Jethmalani has been nominated by the Rashtriya Janata Dal. And of course, the inimitable Subramanian Swamy is always there. The Upper House promises to be the most happening place in Parliament House in the next few weeks and months!

Rajya Sabha, the new happening place

It was Gen V K Singh, minister of state for external affairs, who had said that Akbar Road should be renamed as Maharana Pratap Road. The only problem is, Gen Singh now has right next to his room in the hallowed portals of South Block, a different Akbar, his colleague M J Akbar. Will Gen Singh insist that M J Akbar also change his name, to remove and forever eliminate the reminder of history that an emperor called Akbar once ruled India? And what should M J Akbar's new name be? Suggestions are welcome: Please write to Gen V K Singh, c/o South Block.

Akbar, in history and in the present

Pokemon GO will have far-reaching implications

Games people play

To keep mid- to senior-level bureaucrats from leaving West Bengal, Chief Minister Mamata Banerjee has decided to send 20 senior civil servants to Oxford University for a crash course

Business Standard

Business Standard

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