Indian Grandmaster Arjun Erigaisi opened his campaign with four victories and a solitary defeat in the World Rapid Chess Championship and was tied fifth, even as defending champion Magnus Carlsen endured a frustrating day, managing to log just one victory in New York.
With just four trading sessions to go for the ITC-ITC Hotels demerger record date shares of ITC continue to consolidate in a thin range of Rs 460 - Rs 480 in an otherwise volatile equity market. On Tuesday thus far despite a near 1 per cent fall in the Sensex and Nifty; ITC traded on a flat note. ITC had set the demerger ratio at 1:10 - meaning 1 share of ITC Hotels for every 10 shares of ITC as of the record date January 6, 2025.
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
The 12-year loan will part finance the proposed expansion of RIL's petrochemical plants and setting up of new gasification unit and refinery off-gas cracker over the next 2-3 years.
Investors' wealth plummeted by Rs 4.12 lakh crore during the morning trade on Friday as markets faced a massive correction tracking a weak trend in global peers and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tanked 896.7 points or 1.09 per cent to 81,304.46 during the morning trade.
India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.
While the lifetime score of Gadar 2 and Pathaan is history now, next up is Animal, which would be crossed in a couple of days. The biggest of them all is Jawan and indications are that the Hindi version of last year's biggest hit will be challenged by this year's surprise blockbuster.
After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.
'Trackmen are the most neglected employees among Indian Railways.'
Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions. The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore.
'On the weekly chart, the Nifty 50 index has formed a bearish candle and remains below all short-term moving averages.'
With Sri Lanka in the drivers' seat after the first day, senior batsman Tillakaratne Dilshan today said his side would look to reach 550 tomorrow so that their spinners can apply pressure on the Indians in the second Test in Colombo.
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
Competition in the fast-growing quick commerce sector is heating up as Swiggy Instamart faces a tough challenge in narrowing the gap with Blinkit, which currently dominates the market. In the second quarter (Q2) of 2024-25 (FY25), Instamart's gross order value (GOV) rose by 42.1 per cent quarter-on-quarter (Q-o-Q) and 75.5 per cent year-on-year (Y-o-Y), reaching Rs 3,382 crore.
After the low-scoring match in Delhi, the fans can look forward to a run feast in the fourth cricket One-dayer between India and Australia in Mohali with the pitch curator predicting that the two teams' combined score could be in excess of 550.
When the 36-year-old Rahane came to bat, Leicestershire were 74/3 but he combined with Handscomb to keep the team's hopes of saving the game alive.
The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world, but the RBI will take a decision on interest rate cut keeping the Indian economy in mind. "It is a positive for the global economy, including the Indian economy. "It is a 50 basis points cut from a high level.
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers. Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.
Action against the foreign Tablighi Jamaat members was first taken after over 2,300 people, including 250 foreigners, belonging to the Islamic organisation were found to be living at its headquarters located at Delhi's Nizamuddin soon after the nation-wide lockdown was announced in March. Several of these members had tested positive for coronavirus.
With hundreds of people left stranded due to inclement weather, the Indian Air Force on Saturday launched fresh operation by ferrying 550 passengers, including 300 civilians between the two capital cities.
Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.
'We felt like we had a lot of different wicket-taking opportunities. The odd ball was staying low, we got the ball reversing a little bit, and got the odd ball to spin as well. It's never an easy position.'
India's foreign exchange reserve fell by $550 million to $245.80 billion during the week ended November 21, 2008, due to revaluation in some foreign currencies and partial intervention by the Reserve Bank of India to check a steep depreciation of the rupee.
Electric two-wheelers have zipped past the half-a-million registration mark and achieved a market penetration of 4 per cent at the fag end of Calendar 2022, according to data released by VAHAN. According to VAHAN data for the year (until December 27), 560,000 two-wheelers were registered in the country, up a staggering fourfold over 2021, when only 136,000 were registered, and when electric vehicle penetration was a mere 1.05 per cent. The total number of two-wheelers (internal combustion engine, or ICE, and electric) registered so far in 2022 stands at 14.5 million, up only 12.7 per cent over the previous calendar year.
There has been a sharp slowdown in revenue and profit growth in the cement sector in recent quarters but it is yet to show in the share prices of cement companies. On the contrary, there has been a rally in cement stocks and a re-rating of their equity valuation in the past three years despite an earnings contraction during the period.
Future and concept cars at the New York International Auto Show.
Headstrong buy the biggest deal in Indian BPO space
The city's 24-hour Air Quality Index (AQI), recorded at 4 pm daily, stood at 417, making it the worst in the country. On Friday, the AQI level was 396.
Italian super luxury car-maker Automobili Lamborghini has on Thursday rolled out an exclusive limited edition of Gallardo LP550-2 for sports car enthusiasts in the country.
The makers of Khel Khel Mein and Vedaa could not have imagined the kind of euphoria that Stree 2 would bring and in the end, emerge as the first choice of audiences.
"In celebration of the birthday of Prime Minister Narendra Modi and in conjunction with 'Sewa Pakhwada', the historic and world-famous 'Big Shahi Deg' at Ajmer Dargah Sharif will once again be used to prepare and distribute 4000 kg of vegetarian 'Langar' food, continuing a tradition that has been upheld for over 550 years," an official statement from the Dargah authorities said.
Fresh recruitment would help bank in meeting its man power requirements for its proposed branch and business expansion
As many as 550 fishermen in 33 trawlers went missing in the Bay of Bengal on Friday due to heavy rains triggered by a depression, prompting a search by a Coast Guard ship and a Dornier aircraft. The trawlers had set sail from Kakdwip and adjacent areas in South 24 Parganas district on Thursday and were reported missing in heavy rains following the depression lying 80 km east of Kolkata, said District Magistrate N S Nigam.
Among the 30 Sensex companies, Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, State Bank of India, Infosys, Wipro, Tech Mahindra and HCL Technologies were the gainers. On the other hand, Titan, Maruti, Bharti Airtel, Larsen & Toubro, NTPC, Reliance Industries, Bajaj Finance and Power Grid were among the laggards.
The Bharatiya Janata Party announced on Saturday that Navya Haridas, a two-time councillor in the Kozhikode Corporation, will be the National Democratic Alliance candidate for the Wayanad Lok Sabha by-election.
Shah said the decision was taken to free the nation from colonial imprints as the Andaman and Nicobar Islands had an "unparalleled place" in the country's freedom struggle and history.
The bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil & gas, PSU and consumer durables sectors, which rose up to 3.30 per cent.
