Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).
Will India finally reach the elusive double-digit mark? Raj Kishore Mishra, former joint secretary at the sports ministry, for one, is willing to stick his neck out on the possibility.
A World Championships gold is the only medal missing in Neeraj Chopra's decorated cabinet and the superstar Indian javelin thrower will fancy his chances.
Companies in the small-cap universe are having a dream run - the Nifty Smallcap 100 index has shot up more than 25 per cent on a year-to-date basis, even as the benchmark Nifty is up 7 per cent. This is the best start for the index since 2017 when the Nifty Smallcap 100 index surged 32.3 per cent between January 1 and May 10. However, in terms of outperformance to the Nifty, this year's performance is the best in more than a decade. A combination of sectoral tailwinds and lack of institutional selling pressure has helped small companies escape from the correction triggered by the second wave of Covid-19.
There isn't much Budget could do directly to help sectors.
India claimed the team dressage gold in equestrian sport at the Asian Games in Hangzhou on Tuesday, breaking a 41-year-old jinx at the continental event.
Bollywood's stars wear their most glamorous faces at awards night.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
The Stardust 50th Anniversary Honours awards night saw Bollywood stars bring their fashion A-game to the red carpet.
'Higher valuation remains the only spoiler for equities.'
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
The earnings of India Inc hit a record high in the 2022-23 (FY23) January-March quarter (fourth quarter, or Q4), compared with their poor showing in the previous two quarters of the financial year. The rise in earnings, however, is exclusively led by banking, financial services, and insurance (BFSI) companies. A better-than-expected showing by banks and non-bank lenders in Q4FY23 more than compensated for the earnings contraction in the non-BFSI space.
With an 11% return in 2022, gold was the best-performing asset class, beating equities, debt, real estate etc, by a considerable margin. Rishi Piparaiya explains why gold needs to be a part of our investment portfolio.
Indices across Indian equity markets have edged towards new record highs before undergoing a small correction in the past few sessions. The National Stock Exchange Nifty has gained 20 per cent in the past year; mid-caps (up 33 per cent), small-caps (up 31 per cent), and micro-caps (up 44 per cent) have done better. Several factors have precipitated this rally.
Gold burnished its image as the go-to asset class during turbulent times. However, investors seemed to have missed the bus. Net inflows into gold exchange-traded funds (ETFs) plunged to a four-year low of Rs 653 crore in 2022-23 (FY23), even as gold emerged as the top-performing asset class.
In the last edition in 2014, India won 33 medals (3 gold, 14 silver, 16 bronze).
After 16 days of intense efforts by multiple agencies, all 41 workers trapped in Uttarakhand's Silkyara tunnel in Uttarkashi have safely been evacuated on Tuesday evening.
'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.'
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
Summary of sports events and persons who made news on Sunday
Given the economic trends, it might make sense to allocate some savings to gold.
September 13 is the last date to apply for the Common Admission Test 2023. I always recommend to do the registration early on.
Go through the form carefully and be sure about all the data that you are intending to fill in, advises Aashish Sood.
The early bird results for the January-March quarter of 2022-23 (Q4FY23) show a pick-up in earnings growth, despite a slowdown in revenue growth, thanks to a decline in input costs and lower provisioning for bad loans by banks. The combined net profit of 66 companies that have, so far, declared their quarterly results was up 15.2 per cent year-on-year (YoY) in Q4FY23, an improvement from 4.3 per cent YoY growth in Q3. Net sales growth of these companies, however, slowed down to 11.5 per cent YoY in January-March 2023, the slowest rate in eight quarters.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
Aseem Chhabra gives us the top films that enriched his year.
Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular.
The Jaguar F-Type Coupe is an extremely fun car to play with but at the same time you have to be careful with its tail happy nature.
There are many ways to improve a bike's power character. Here are some sure shot ways
India is still the best story in major emerging markets from a 5-year perspective.
The nominations for the Golden Globes have been announced.
Boseman, who died in August at the age of 43 following a four year-long private battle with colon cancer, won the award in the Best Performance by an actor in a Motion Picture category.
Olympic champion Neeraj admitted that his comeback from outside the medal position midway into World Athletics javelin throw final was 'challenging, but he knew that a good throw was around the corner.
If you have a budget of just under Rs 50,000, usher in the New Year with these beauties.
Rahi Sarnobat beat all expectations to become India's first woman shooter with an Asian Games gold and the low-profile wushu players delivered their best ever performance even in defeat on another high-yielding day for the country at the regional showpiece.
The celebration of this historic feat was not yet over when Indian shuttlers scripted yet another jaw-dropping show in Birmingham, returning with six medals, including three golds, a silver and two bronze medals in August.
Cutting through the two-wheeler clutter we list the best value for money motorcycles, across categories, that burnt the Indian roads in 2015
'If I've been nominated alongside these greats, it means something.'
