Rohit's men start overwhelming favourites but Shaheen, rain pose threat
'India's edtech and start-up story will be in danger.'
Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month.
Byju's plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall "improved performance", Think and Learn, the parent of Byju's, is hopeful of a higher valuation ahead of its rights issue being planned in February to raise funds. Byju's India chief financial officer Nitin Golani said the company is in need of funds and plans to raise it at a lower valuation to make the offer lucrative for investors as well as ensure adequate liquidity support for the edtech firm.
The yet-to-be peer-reviewed study, posted recently on the preprint repository BioRxiv, found that the Alpha, Beta, Delta, and Omicron variants exhibited more than two-fold longer survival on plastic and skin surfaces, than the Wuhan strain.
The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes. There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.
Verstappen's hopes of a record-extending 11th successive victory looked a long shot on a city circuit where overtaking is never easy.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava, associate director - manager research, Morningstar Investment Adviser India, said.
Red Bull's triple Formula One world champion Max Verstappen won a US Grand Prix sprint race from pole position on Saturday after an early challenge from Mercedes's Lewis Hamilton.
The Lander and the Rover have scientific payloads to carry out experiments on the lunar surface. The main function of the Propulsion Module (PM) was to carry the Lander Module (LM) from the launch vehicle injection till final lunar 100 km circular polar orbit and separate the LM from PM, which it did.
The Royal Observatory Greenwich shortlisted 34 images for its Astronomy Photographer Of The Year 2023 competition from thousands of entries received from all over the world.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
Sergio Perez beat teammate and championship leader Max Verstappen to win the Azerbaijan Grand Prix on Sunday and continue Red Bull's Formula One domination with a double success in Baku.
Chandrayaan-3 mission's rover 'Pragyan' has traversed a distance of about eight metres on the lunar surface, and its payloads have been turned on, ISRO said on Friday.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
A 29-year old man died on Tuesday after being seriously injured in violent clashes between fans of the AEK Athens and Dinamo Zagreb soccer clubs before a scheduled match in Athens.
'Certain groups should be more cautious, especially the 60-plus population, and the population which suffer from co-morbidities like diabetes and hypertension.'
Carlos Sainz lapped Monza's "Temple of Speed" with a fastest time of one minute 20.294 seconds, 0.013 quicker than Max Verstappen's final flying lap.
Max Verstappen took the 50th win of his Formula One career, and record-equalling 15th of the season
Charles Leclerc put Ferrari on pole position for Sunday's US Grand Prix after Red Bull's triple Formula One world champion Max Verstappen had a faster lap deleted for exceeding track limits and dropped to sixth on the grid.
The WHO said the four current 'Variants of Concern' being monitored closely - Alpha, Beta, Gamma and Delta - are widespread and have been detected in all WHO regions.
Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers' palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as deficient monsoon rains in major sugarcane producer states like Maharashtra and Karnataka are expected to lead to a shortfall in sugar output ahead. In comparison, the BSE Sensex has modestly gained 11 per cent during this period.
Max Verstappen added his name to the list of triple Formula One World champions on Saturday after Red Bull team mate and sole title rival Sergio Perez crashed out of the Qatar Grand Prix sprint race.
Haas had argued that Alonso's car was in an unsafe condition after a collision because the right-hand mirror, which eventually fell off, was moving around. They also made the point they had been shown a black and orange flag, requiring a driver to pit due to mechanical problems or loose bodywork, on three occasions this season.
Max Verstappen put Red Bull on pole position for his home Dutch Grand Prix at Zandvoort for the third year in a row
After the successful deployment of Chandrayaan-3's lander and rover on the moon, Indian Space Research Organisation (ISRO) is hoping that their mission life will not be limited to one lunar day or 14 earth days, and that they will come back to life when the sun again rises on the Moon, to carry on with the experiments and studies there.
'Investing in a factor-based fund can be beneficial provided you have chosen the right factor.'
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
Foreign Portfolio Investors (FPIs) have pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months, enthused by the country's steadily improving macroeconomic fundamentals. However, inflows in July may be subdued as FPIs might adopt cautious stance due to the recent comments from the US Federal Reserve, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. Besides, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said FPIs are likely to turn a bit cautious going forward as valuations in the country are rich from a short-term perspective.
Glimpses of what the historic Chandrayaan Mission discovered on the dark side of the Moon.
The Indian Space Research Organisation (ISRO) on Thursday announced that its lunar mission Chandrayaan-3 will be launched on July 14 from the space port at Sriharikota in Andhra Pradesh.
Max Verstappen clinched his second win of the season as the Australian Grand Prix was halted with three red flags.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
Researchers at Public Health Scotland and the University of Edinburgh, UK, found that the Pfizer-BioNTech vaccine offered better protection against the Delta variant compared to the Oxford-AstraZeneca preventive, known as Covishield in India.
Ferrari's Carlos Sainz won the Singapore Grand Prix on Sunday to end Formula One leader Max Verstappen's record run of 10 wins in a row.
Summer days are great for an indulgent sweet treat that can be topped with walnuts and rose petals.
The Chandrayaan-3 mission that aims for a soft landing on the moon's surface, paving the way for future interplanetary missions, carries six payloads that would help ISRO understand the lunar soil and also get the blue planet's photographs from the lunar orbit.
Portfolio management services (PMS), catering to higher networth individuals (HNIs), are facing tough competition from emerging alternative investment funds (AIFs), evident from their dwindling client base. In May, the number of clients for the industry stood at 125,390, down 20,528 in two months, shows data from the Securities and Exchange Board of India (Sebi). "PMS managers also have a high active ratio, which means their portfolios are quite differently positioned and more actively managed, compared to the benchmark, which is also a highlight for long-term investors.
Red Bull's Max Verstappen qualified comfortably faster but dropped five places for a gearbox change.
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