Reliance Industries Ltd.'s unexpected 1-for-1 bonus issue, which Chairman Mukesh Ambani unveiled at the company's 40th annual general meeting on Friday, gave a further boost to shares that are already the second-best performing this year on India's benchmark index.
India's billionaires believe in rugged, muscular capitalism -- so at the first hint of trouble, they go running to mommy.
India's most valuable business is earning money hand over fist from oil. Yet what's exciting investors about Reliance Industries Ltd. are its telecoms losses.
If Ambani can double the number of subscribers, and get at least $4 from each of them, investors who endured seven lean years will get a decent harvest.
Infosys and TCS, historically among the top three visa sponsors, would either have to increase wages, or settle for a much reduced scale of business in their most important market.
Most Indians are getting a tax break, thanks to Prime Minister Narendra Modi's botched demonetization program.
Amid signs that New Delhi's Nov. 8 ban on 86 percent of the country's currency has disrupted demand, snapped supply chains and cratered credit growth, investors expect a fiscal lollipop from Prime Minister Narendra Modi and Finance Minister Arun Jaitley.
This month, Patanjali won a two-notch credit rating upgrade from ICRA, the India affiliate of Moody's Investors Service. So far, the company has just $47 million in borrowings.
Ambani has all but completed massive investments in his petrochemicals empire, whose cash flows give him the firepower to promote and expand his new fourth-generation mobile service.
Fewer than 10 percent of Indians have ever used any kind of non-cash payment instrument. Less than 3 percent of the value transacted in the year ending March 2014 used cards.
The demonetization of India's existing stock of 500 and 1,000 rupee notes has spawned a number of such apocryphal tales, one of which is a $45 billion bonanza for the government.
If the position in question is chairman of Tata Group, there might be three figures - $40 billion; 2020; and 250 basis points.
India's richest tycoon is also the country's most optimistic spender. Every project into which Ambani is pumping money is close to fruition, meaning he could sit back and savor the rewards.
The first hint that the end was near came when TCS announced a virtual stalling of its business in the September quarter. Infosys followed up by slashing its full-year revenue guidance for the second time in three months.