Reliance Industries was the biggest loser in the Sensex pack, falling 2.62 per cent, followed by Nestle India, IndusInd Bank, UltraTech Cement, M&M and SBI.
The NCRB report stated that a total of 71,107 cases of 'offences against public tranquillity' were lodged across the country in 2020, an increase of 12.4 per cent over 63,262 such cases in 2019.
Blackstone on Monday said funds managed by the private equity firm will acquire a majority stake in IT firm Mphasis Ltd, triggering an open offer for acquisition of up to 26 per cent stake for about Rs 8,262 crore. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments (Office of the Chief Investment Officer of The Regents, University of California) and others will co-invest along with Blackstone, a statement said. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16 per cent premium to 12-month average price and 3-6 per cent discount to 6-month average price) and the purchase consideration will vary between Rs 15,200 crore to Rs 21,000 crore (approximately$2-2.8 billion), the statement said.
Market benchmark Sensex tumbled over 323 points after an intense last-hour sell-off on Wednesday, triggered by losses mainly in index heavyweights Infosys, Reliance and HDFC.
A summary of Ranji Trophy matches played on Thursday.
The Northern Railways on Thursday cancelled a slew of Rajdhani, Shatabdi and Duronto Express', stating low patronisation and rising coronavirus cases as the reason behind the decision.
The number of active cases stands at 35,16,997, accounting for 14.09 per cent of the total infections.
SBI will auction two non-performing accounts (NPAs) next month to recover dues of over Rs 313 crore, according to a notice by the lender. The two accounts to be put up for e-auction on August 6 are Bhadreshwar Vidyut Pvt Ltd (BVPL) with a loan outstanding of Rs 262.73 crore and GOL Offshore Ltd with Rs 50.75 crore dues. "In terms of the bank's policy on sale on financial assets, in line with the regulatory guidelines, we place these accounts for sale to ARCs/banks/NBFCs/FIs, on the terms and conditions indicated there against," SBI said in the notice. The reserve price for the auction of Bhadreshwar Vidyut is set at Rs 100.12 crore and for GOL Offshore at Rs 51 crore.
Police believe the shooter took his own life and there is "no active threat to the community at this time,".
India will face the winners between Bangladesh and Sri Lanka, who play in the last group league encounter.
The weekly positivity rate was recorded at 2.31 per cent, according to the health ministry.
A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday. Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
Registering an upward trend for five days in a row, the total active caseload has gone up to 2,19,262 which is 1.93 per cent of the total infections in the country, while the recovery rate has dropped to 96.68 per cent, the data stated.
Joginder Tuteja looks at the major films that released in theatres and how they fared.
Prime Minister Narendra Modi commissioned India's first indigenously designed and built aircraft carrier INS Vikrant in Kochi on Friday, that put India into a select league of countries with domestic capability to build such large war ships.
He said stringent curbs have been put in place as part of the Graded Response Action Plan for COVID-19 to check the spread of the infection and the Delhi Disaster Management Authority (DDMA) will decide on implementing more restrictions.
With the fresh cases, the country's total tally of COVID-19 cases climbed to 3,43,77,113.
Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.
That AAP managed a sizeable vote share in Gujarat is creditable. The BJP can no longer ignore AAP's growing presence in its strongest bastion, explains Ramesh Menon, long-time observer of Gujarat politics.
Delhi done in by poor batting as Karnataka win by 4 wickets
Gold loan is currently the fastest-growing loan category (among the various types disbursed to individuals). On February 26, 2021, the outstanding loan against gold jewellery stood at Rs 56,596 crore. By February 25, 2022, it had risen to Rs 71,408 crore, a year-on-year growth of 26.2 per cent, according to the Reserve Bank of India's (RBI's) data. Several factors are driving the demand for gold loans.
The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.
The death toll has climbed to 4,39,529 with 509 more fatalities, according to the data updated at 8 am.
Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
Earlier, Finance Minister P Chidambaram had said he thought the figure was 262 tonnes.
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
The aircraft carrier, built at a cost of around Rs 23,000 crore, set sail on Wednesday for the crucial sea trials ahead of its planned induction into the Indian Navy by August next year.
Less than 50,000 daily new cases are being reported for 70 consecutive days.
India saw a single day rise of 41,383 coronavirus infections taking the total tally of COVID-19 cases to 3,12,57,720, while the active cases registered an increase for the second consecutive day and were recorded at 4,09,394, according to the Union health ministry data.
Several countries like the United Kingdom, the United Arab Emirates, Australia and Singapore have already banned travellers from India as well as other South Asian countries.
India captain Shikhar Dhawan was all praise for Prithvi Shaw and Ishan Kishan after an easy victory over Sei Lanka in the first ODI on Sunday.
The Delhi high court on Thursday dismissed BJP leader Subramanian Swamy's plea seeking to set aside the Air India divestment process on the allegation that the methodology adopted by the government in the valuation of the national carrier was "arbitrary, illegal and against public interest". The order was passed by a bench of Chief Justice D N Patel and Justice Jyoti Singh. The court said a detailed order will be uploaded. "Dr. Subramanian Swamy, sir we are dismissing this matter...," the bench said.
Rajneesh Gupta lists all the important numbers from day two of the Oval Test.
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
On Sunday, Kuldeep and Chahal showcased signs of form.
The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
The Maharashtra government on Friday added 2,213 deaths to overall COVID-19 death toll in the state, taking it to 1,06,367, after a 'scrutiny of laboratory reports for COVID-19 determination' and resultant updating of figures.
Images from the first One-Day International between India and Sri Lanka, in Colombo, on Sunday.
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