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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Interview with Sahara Group chief
Sensex lowest since September 13, 2012
Aspirants banking on experience and domain knowledge of veterans
FSLRC recommendations controversial, so decision will take time, feel observers
Tribunal refused to interfere as RIL is in talks with Sebi to set the case through consent process
Less than a fifth of money raised can lay claim tax breaks
Volatile market, confusion on tax incentives put off investors
Analysts say investors remain sceptical on market prospects and weak trade may continue into the next month
Currently, the closing price is determined on the basis of the last half-an-hour weighted average price
Enables govt to take year's divestment total past the previous record of 2009-10
Has asked the company to refund, with interest, money raised by company under such schemes within three months
Both IDFC, IFCI own more than 5% in NSE
These include Devita Saraf, Vijayrani Saraf, Zenith Technologies, Vu Technologies, Rajkumar Saraf and Akash Saraf
Govt meets divestment target, manages to raise little over Rs 1,500 crore
Both Sensex and Nifty reflect the large weight they carry of this sector and many wonder if this shouldn't change
The 5.82% offloading likely to rake in at least Rs 1,500 cr, taking govt kitty from divesement in FY13 to a record Rs 24,000 cr
RBI's cautious monetary policy stance also weighs on sentiment
Allocation to be need-based, track record of the issuer to be considered
Higher-than-expected cuts in policy rates by RBI and surprises in companies' earnings could bring in more FII money