Infrastructure funds, which bet on stocks closely linked with infrastructure development in the country, have emerged as one of the best-performing categories over the past year. They have generated an average return of 90.63 per cent - the third-best, after technology funds and small-cap funds. Of the 21 schemes in the category, seven have given a return of more than 100 per cent in a year.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
'Even if you admire all the girls who have come before you -- from Sushmita Sen, Aishwarya Rai, me, Priyanka Chopra, Dia Mirza -- it is very important to retain your own personality.' 'All of us won because we were very individually different people.'
British telecom giant Vodafone is in discussions to sell its about 5 per cent stake in telecom infrastructure company Indus Towers to Bharti Airtel, according to industry sources. The deal, if it goes through, could be worth over Rs 3,300 crore, they said. When contacted, Vodafone refused to comment on the matter. An e-mail sent to Bharti Airtel did not elicit any response.
Game streaming is becoming a serious professional choice for youth, as it allows them to make good money.
Djokovic, who is seeking to win a record 21st Grand Slam title at the tournament this month, said in a legal challenge on Saturday that he had been given the medical exemption because he had contracted COVID-19 last month.
Microsoft co-founder and philanthropist Bill Gates and his wife Melinda Gates have announced the decision to end their marriage after 27 years, saying "we no longer believe we can grow together as a couple in the next phase of our lives".
The actor said the film industry has the power to stay independent and wished they had enough courage to do so.
Jason Holder could well turn out to be one of the most expensive buys at this edition of IPL
'With our focus and strategy we can solve at least 20 per cent per cent of India's education problems.'
The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence' and not just out of 'suspicion'. The guidelines laid down five specific circumstances in which such credit could be blocked by a senior tax officer. These include availment of credit without any invoice or any valid document, or availing of credit by purchasers on invoices on which GST has not been paid by sellers.
The ladoo is traditionally auctioned every year.
He recalled that the state was home to Vaishali, said to be the oldest republic in the world.
Tech Mahindra listed at Rs 525 on BSE against an issue price of Rs 365. What should investors do with the stock and what are the concerns going forward?
The students of Jadavpur University said they don't expect anything better from a party like the BJP.
There is more to Arshad Warsi than meets the eye. Much more.
I don't think Rahul Mukerjea once referred to Sheena as killed or murdered and always referred to it as her disappearance. It felt like he still used the word 'disappear' because killed had a finality to it that he didn't want to face.
Sukanya Verma gives you various untried Bollywood combinations we would like to see on screen.
Embattled businessman Vijay Mallya on Tuesday lost a legal battle to hold on to his plush London home after a British court refused to grant him a stay of enforcement in a long-running dispute with Swiss bank UBS. The 18/19 Cornwall Terrace luxury apartment overlooking Regent's Park in London, described in court as an "extraordinarily valuable property worth many tens of millions of pounds", is currently being occupied by Mallya's 95-year-old mother Lalitha. Delivering his judgment virtually for the Chancery Division of the High Court, Deputy Master Matthew Marsh concluded there were no grounds for him to grant further time for the Mallya family to repay a 20.4-million loan to UBS - the claimant in the case.
Lawyer turned entrepreneur Parama Ghosh shares her story.
'He is a key fulcrum point in the pan-Indian creation of an effective Opposition to the BJP.'
You can afford to miss Grudge Match if you aren't a fan of its lead stars Sylvester Stallone and Robert De Niro, or a fan of boxing.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'Walking is the loudest statement.' 'When someone says, I control everything and no one can oppose me, there are thousands of people on the streets saying no, we oppose you -- this is a very bold statement.'
'It was always anticipated that the return of the Taliban would embolden armed Islamists including anti-India groups like the Lashkar and Jaish.'
'Some of us are overweight, some underweight, some too tall, some too short, some too fair, some too dark, but that's no reason to get bogged down by society's rules about what fits.'
Modi said he was at a loss of words to describe what he felt while he was sitting before the statue.
The aftermath of Mani Ratnam's Ponniyin Selvan has led to an argument that there was no religion as Hinduism in Chola times.
Instead, there was only Saivism, Vaishnavism, etc, and that the Cholas were Saivites, and hence not Hindus, observes N Sathiya Moorthy.
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Indian badminton team created history on Sunday as they lifted the Thomas Cup trophy for the very first time.
It's normal to want to protect children from the pain of making mistakes, but children need to make mistakes to grow, become resilient.
Aim to get at least 8 hours of sleep during every 24-hour period, even if this is accumulated over several separate periods of rest.
Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.
As we celebrate the actor's much deserved award, Divya Nair presents 10 landmark films in Suriya's career, ranked in order of performance.
The dozen firms to have listed following their IPOs have seen an average listing day gain of 49 per cent. IPO applicants have made money on all the deals, barring two, which saw modest declines on listing day.
While the benefits offered by the new-generation products are alluring, choose a plan that offers features you may actually need in the future
Centurion is situated 1300 metres above sea level, which means a higher altitude where bowlers can get tired quickly and in case of four bowlers, there remains a possibility of them getting tired.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
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