The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent. The 30-share BSE Sensex rallied 941.12 points or 1.28 per cent to finish at 74,671.28. During the day, it zoomed 990.99 points or 1.34 per cent to 74,721.15.
It is possible to be blind to this and pretend to carry on as if nothing has happened but that will not change the reality, asserts Aakar Patel.
Smallcap mutual funds recorded net outflows for the first time in 30 months in March as investors pulled out money after the markets regulator, the Securities and Exchange Board of India (Sebi), warned against "froth" in the mid and smallcap space. Active equity mutual fund (MF) schemes raked in Rs 22,600 crore in March. The March inflow is 16 per cent lower than the two-year high inflow of Rs 26,860 crore in February, shows data from the Association of MFs in India (Amfi).
The declining exports would have implications for the job market.
Legendary Australia speedster Brett Lee feels apart from Jasprit Bumrah, pacers are failing to nail yorkers effectively in the death overs and he wants them to master the pivotal delivery.
The T20 format has always favoured batters, and that has gone to a 'whole new level' in this Indian Premier League, feels Sunrisers Hyderabad skipper Pat Cummins.
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
'Wicket was good. 277 no matter how bad or good you bowl, if the opposition has to score that much, they have batted well.'
South Africa's defeat against Australia in the World Cup semi-final on Thursday was far from a choke, said head coach Rob Walter.
The new excise policy, introduced in Delhi in November 2021, made sweeping changes to the city's liquor trade.
After months of negotiations, Tata Motors-owned Jaguar Land Rover is likely to get approval for a loan of pound 270 million (about Rs 2,000 crore) from the European Investment Bank on April 7, BBC reported on Saturday quoting official sources.
Key individual parties have cornered a larger share, with some favouring regional and others national players.
'How can one expect fair elections in such a situation when funds to the tune of Rs 270 crore have been freezed or taken away by the Income Tax authorities from Congress party's accounts'
The name of the successful bidder was not disclosed.
Apophis, an asteroid with an estimated diameter of almost three football fields (270m), will make its close approach to Earth this week.
The Sensex ended with a solid gain of 270 points (2%) at 13,384.
Let us see what the cost is today for a two-day stay in the city and the air fare as train tickets are no longer available.
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
Sometimes the MVPI table throws up intriguing situations: Four out of the top five in the table are left-handed batters. Do left-handers truly enjoy an advantage in the IPL? Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2024 after the league stage.
Bhushan Chauhan (111 not out) struck his second successive hundred and shared a 154-run stand with fellow opener Chirag Pathak (88) to steer Saurashtra to 270 for five against Rajasthan on the opening day of their Elite Division Ranji Trophy match in Rajkot on Saturday.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable performances of IPL 2024
Trading sentiments improved after gold rose in global markets as weakening stocks and commodities spurred the demand for the metal as safer assets.
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
Surpassing all previous levels, gold hit a new high by rising Rs 200 to Rs 21,270 per 10 grams on the bullion market on Wednesday on aggressive buying by stockists
The income-tax department is set to launch a screen-based automated reconciliation system for plugging mismatches between returns filed by taxpayers and information processed by the department.
Indian airlines on Wednesday began evacuating stranded people from flood-ravaged Jammu and Kashmir with Air India flying back 270 passengers free, as DGCA asked them to cap total fares including taxes on Srinagar-Delhi and Leh-Delhi sectors at Rs 2,800 and Rs 3,000 respectively.
The Indian team were rewarded with a bonus as the BCCI announced the launch of the 'Test Cricket Incentive Scheme'.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
In a big push to the production-linked incentive (PLI) scheme, the government has nearly doubled (increase of 81 per cent) the allocation in five key industry segments from Rs 8,405 crore in the Revised Estimate of FY24 to Rs 15,198 crore in the Interim Budget for FY25. The segments cover over eight PLI schemes, including mobile phones, IT hardware, pharma (PLIs for medical devices, intermediates and pharmaceuticals), food processing, telecom hardware and, auto and auto components. In FY24, DPIIT officials, however, said that the disbursements would be much higher at around Rs 11,000 crore than what has been budgeted for the year.
Last week's releases Farrey and Starfish have not done well at the box office.
In line with the target to restart Dabhol power plant next year, Ratnagiri Gas and Power Pvt Ltd will soon begin the process for signing a power urchase Agreement with Maharashtra with an offer to sell power at around Rs 2.70 per unit.
Among the Sensex firms, State Bank of India, Infosys, Titan, Tech Mahindra, IndusInd Bank, NTPC, ICICI Bank, Power Grid, Reliance Industries and Kotak Mahindra Bank were the major laggards. On the other hand, Tata Motors, Nestle, Hindustan Unilever, Tata Steel, Bajaj Finance and UltraTech Cement were among the gainers.
Pandit Tukaram Dhaygude, 42, known as the Iron Stomach Man, broke his Guinness Book Record after four motorcycles weighing 270 kg passed over his belly at the Dharmaveer Maidan in Thane on Sunday, May 8, 2023.
Surprisingly, the BJP's nearest rival in ad spend was not the Congress, but the Bharat Rashtra Samithi.
Still, the average wealth for Indians was way below the global average of $51,000.
Indian openers batted till the end and one other Indian batter got the opportunity to bat. Paudel was a little disappointed that they did not get the opportunity to ball against Virat Kohli in their Asia Cup match on Monday.
Prabowo was accused in the late 1980s of making a number pro-democracy activists mysteriously disappear and for human rights abuses in the provinces of East Timor and Papua and was denied a visa to the US.
Rohit Sharma's Candid Admission: India not good enough in World Cup final
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
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