The Ambani family, headed by billionaire Mukesh Ambani, possesses a wealth of Rs 28 lakh crore, more than double that of the Adani family at Rs 14.01 lakh crore, a report said on Tuesday. The 300 most valuable Indian families have a wealth of over $1.6 trillion (over Rs 140 lakh crore), or more than 40 per cent of the country's GDP.
The Indian men's football team on Thursday achieved sub-100 FIFA ranking for the first time since 2018 as it moved up one spot to 99th after its SAFF Championship triumph.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
The share of low-cost money in total deposits continued to take a knock at the close of FY23 as banks engaged in intense competition by offering higher interest rates on term money to garner funds amid tight liquidity conditions. The share of current accounts and saving accounts (CASA) in total deposits declined by 2-4 per cent by end of March 2023 from March 2022 figure, according to BSE filings by private banks. The ease of movement of funds on digital platforms and the deployment of money by businesses from current accounts also played a role in dwindling the share of CASA money.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
The dizzying ascent of these cricket apps, some from near oblivion, after the IPL tournament began on September 19 in the UAE, has been meteoric.
Analysts say RBI will cut rates because the liquidity crunch that began this time last year is still hurting the economy and also with an eye on the August industrial production numbers, which showed a contraction by 1.1 per cent -- the steepest in seven long years.
On Monday, the rupee had moved up by 3 paise.
This was the fifth experimental test of the homegrown missile system.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
The rupee had gained two paise to close at one-month high of 62.14 against the dollar in Tuesday's trade.
Snapping its 3-day winning spree against the American currency, the rupee on Wednesday dropped by 21 paise to end at 66.64 on fag-end dollar demand from banks and importers despite a sharp rally in domestic equities.
Rupee ends day stronger against the dollar.
Despite lay-offs and the threat of automation, the industry will continue to be an important driver of growth in employment and GDP, says Ashok Soota.
The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
There is a leader in every man waiting for the right moment. The Aam Admi Party has found it and is already ready with its list for the Lok Sabha. The challenge is enormous but the future beckons the way it had never, before, feels sociologist Shiv Vishvanathan.
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