It said the recovery is constrained by ongoing human and economic cost of Covid-19 pandemic and negative impact of food price inflation on private consumption. The report said India, which experienced a contraction of 7 per cent in 2020, showed a strong quarterly growth of 1.9 per cent growth in the first quarter 2021 on the back of the momentum of the second half of 2020 and supported by government spending in goods and services.
IndusInd Bank was the top gainer in the Sensex pack, zooming over 12 per cent, followed by Bajaj Finance, Axis Bank, ICICI Bank, Tech Mahindra, Bajaj Finserv and Kotak Bank. On the other hand, ITC, NTPC, Titan, Reliance Industries and ONGC were the laggards.
Without exception, the top four majors beat Street estimates across all parameters - revenues, profitability, or net profit growth. However, what stood out were the large deal wins reported by the big two, TCS and Infosys.
ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed by IndusInd Bank, L&T, UltraTech Cement, Titan, SBI and NTPC. NSE Nifty settled 32.10 points up at 14,707.80.
Along with Jonny Bairstow, Wood joined the England squad ahead of the third Test.
The finance ministry has kicked off the budget exercise for 2005-06, discussing with four ministries the expenditure outlay and areas of austerity measures besides working on the broad contours of tax reforms.
"Don't mess up with the education system", the Supreme Court said on Thursday while refusing to direct the Central Board of Secondary Education and the Council for the Indian School Certificate Examinations to provide option of hybrid mode, instead of only offline mode, to the students for appearing in class 10 and 12 board examinations amid the COVID-19 pandemic.
Steve Smith continued his outstanding Ashes form, striking an unbeaten 60 as Australia recovered from another failure by their openers to reach 170-3 at the close of the rain-affected first day of the fourth Test against England.
The death toll climbed to 15,301 with 407 new fatalities, according to the Union health ministry data.
The new 100-ball format tournament was launched on Thursday, with eight new city-based teams officially named and the first batch of players allocated, including England's red-ball contracted players.
'The reality is around the rest of the world... teams have had to deal with positive cases... We have to manage it as best we can.'
'There were two options before the government -- create a complex, cumbersome law, which will cause a tremendous amount of compliance challenges for startups or say let's go back and do a clean slate, where we do a framework of laws and policies'
Factbox on the five-Test Ashes series between England and Australia
Prime Minister Narendra Modi and United States President Joe Biden are expected to deliberate on ways to bolster bilateral ties in trade, investment and defence and security in their in-person talks in Washington, DC, on September 24, Foreign Secretary Harsh Vardhan Shringla said on Tuesday.
The Ministry of Human Resource Development has released its ranking of national institutes for 2018.
The growth is particularly remarkable because it comes at levels higher than during the pre-Covid times, notes Mahesh Vyas.
Jofra Archer's World Cup debut, where he picked up three wickets in England's 104-run victory over South Africa, was among the early tournament highlights after he was fast-tracked into the hosts' one-day international setup.
Located in a small township in the eastern part of Bengaluru is IBM's new Security Command Centre, which is surrounded by offices of multinational tech companies. This unit is the centrepiece of IBM's multi-million dollar investment to help businesses prepare for the growing threat of cyberattacks across the Asia-Pacific (APAC) region. This facility is the first of its kind in the region. It helps train in cybersecurity response techniques through highly realistic and simulated cyberattacks.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Job postings activity in April witnessed 3 per cent decline sequentially as the country is hit with the second wave of the pandemic leading to lockdowns, according to a report. The data indicates that the employment index saw a decline in job posting activity in April compared to March, by 3 per cent, according to the Monster Employment Index. The overall job postings also witnessed a decline of 4 per cent year-on-year as of April 2021, compared to April 2020.
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
In the bowling department, pacer Mohammad Abbas (13th) and experienced leg-spinner Yasir Shah (24th), who have in the past, been ranked third and first, respectively, and left-arm fast bowler Shaheen Afridi (32nd) are other Pakistan players to watch.
With 794 points, pacer Jasprit Bumrah was the top-ranked Indian bowler at sixth place, while Kohli was the top-ranked batsmen.
Despite headwinds, it remains "structurally bullish" on India and expects the Sensex to scale up to the 70,000-mark by December 2022; 80,000 level in a bull-case scenario and hover around the 50,000-mark as a bear-case, the brokerage house said in a report.
Top losers in the Sensex pack included SBI, HDFC twins, Bajaj Auto, ONGC and Tata Steel, falling up to 2.49 per cent.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
The top court also asked the state governments of Punjab and Haryana to pursue the farmers for two weeks not to do stubble burning.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Equity benchmark Sensex rallied 487 points on Monday to close at a fresh lifetime peak, tracking gains in Infosys, HDFC twins and HCL Tech amid massive foreign fund inflows.
The Taliban have postponed the formation of a new government in Afghanistan for next week, their spokesman Zabiullah Mujahid said on Saturday, as the insurgent group struggles to give shape to a broad-based and inclusive administration acceptable to the international community.
'We felt that seam isn't going to offer as much in terms of being a threat, it's more of a holding role.'
Jofra Archer's first five-wicket haul in Test cricket put England in command on a weather-affected opening day of the third Ashes Test at Headingley on Thursday as they bowled Australia out for 179.
It is an perfect stage for India's mercurial skipper Virat Kohli, who loves to bring his A game to the fore when the chips are down.
A look at the newly-laid dark coloured Chepauk track is an indication that unlike the strip used during the first Test, this one will offer turn earlier than expected.
England on Tuesday rested IPL stars including Jos Buttler and Jonny Bairstow for the upcoming two-Test series against New Zealand while Jofra Archer and Ben Stokes were not considered for selection due to injuries.
India's off-spinner Ravichandran Ashwin has managed to retain his second spot in the latest ICC player rankings for Test bowlers issued on Sunday.
Remember, anyone can make two plus two four. But if you can make two plus two five, you will be adding value, management guru Virender Kapoor advises job-seekers.
James Anderson claimed four wickets as England made an excellent start to the third and final Test in Sharjah by bowling out Pakistan for 234 on Sunday.
Prime Minister Narendra Modi was on Saturday briefed about the new 'Omicron' variant of the coronavirus, and he asked officials to review the plans to ease international travel restrictions in light of the 'emerging new evidence.'
Rajesh Karkera journeys through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
