Improving monthly sales numbers from automakers and a firming trend in global markets fuelled the rally
"Lalu Prasad has been sentenced to 5 years imprisonment while a penalty of Rs 60 lakh has also been imposed on him. Apart from Prasad, five years imprisonment each was announced by the Court for five convicts, four years each for 32 convicts and three years each for three convicts," CBI counsel B M P Singh told PTI.
A round-up of the Ranji Trophy matches played on Friday.
Civil Aviation Minister Jyotiraditya Scindia on Tuesday flew on SpiceJet's special flight between Delhi and Gwalior using Boeing's 737 Max plane that has been allowed to return to service after two and half years. All Max planes were grounded in India by the Directorate General of Civil Aviation (DGCA) on March 13, 2019, three days after the crash of an Ethiopian Airlines 737 Max plane near Addis Ababa, which had left 157 people, including four Indians, dead. Along with Scindia, SpiceJet CMD Ajay Singh and Boeing India president Salil Gupte were also present on the special flight on Tuesday.
Then, in the 10m air pistol mixed team competitions, India's top pair comprising Manu Bhaker and Chaudhary too came overall second among 43 pairs, shooting a combined score of 580 out of a possible 600.
Meanwhile, Adana gathered 569 -18x to finish 6th in the qualifications.
At its meeting held on Friday, the company's board rejected the minority shareholders' demand and termed the requisition as "invalid and illegal". "In its meeting held on 1st October 2021, the board has arrived at a conclusion that the requisition is invalid and illegal; and has accordingly conveyed its inability to convene the Extraordinary General Meeting to Invesco Developing Markets Funds and OFI Global China Fund, LLC," ZEEL said in a statement.
The farmers' agitation against new agri laws will lead to economic loss of over Rs 70,000 crore in the December quarter owing to supply chain disruptions, particularly in Punjab, Haryana and border areas of Delhi, the PHD Chamber of Commerce and Industry said on Thursday. The chamber's president Sanjay Aggarwal said "the 36 days farm agitation so far will have more than Rs 70,000 crore economic loss in the Q3 FY 2020-21 due to...disruption in supply chains and day-to-day economic activities particularly in the progressive states of Punjab and Haryana and border areas of national capital Delhi."
Shreyas Iyer might have been the third biggest buy at the IPL auction but to fit into India's T20 combination, he would need to showcase all-round skills as that's what the team is looking for in the middle-order slot, captain Rohit Sharma said.
The daily rise in new coronavirus infections has been recorded below 15,000 for the last 55 days now.
Foreign currency assets, a major component of the overall reserves, fell by $490 million to $441.458 billion in the reporting week.
Take a look at top picks of all 10 IPL teams
Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove managing director and CEO Punit Goenka and two independent directors. The company said it will support the merger of Zee and Sony, contending the "deal in its current form has great potential for Zee shareholders" but added if it is not completed as currently proposed, Invesco retains the right to requisition a fresh EGM. Two days after the Bombay high court ruled that Invesco's call for EGM was legally valid, the investment firm in a statement said, "Since we announced our intention to requisition an EGM and add six independent directors to Zee's Board of Directors, Zee has entered into a merger agreement with Sony.
The broad trends of GST collections will make you wonder if indeed the biggest indirect tax reform in the country has led to a real improvement in revenues, notes A K Bhattacharya.
The active cases comprise 0.92 per cent of the total infections, the lowest since March 2020, the ministry said, adding the national COVID-19 recovery rate was recorded at 97.75 per cent.
Silver surged by Rs 1,575 per kg on higher speculative and industrial offtake.
Sourav Ganguly smashed a century in his debut match as India posted 429 runs in their first innings with a lead of 85 runs over England.
Deepak Kumar and Divyansh Singh Panwar finished a lowly 26th and 32nd respectively in the men's 10 metres Air Rifle event of the Tokyo Olympics on Sunday
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
India's manufacturing sector activities lost further growth momentum and fell to a seven-month low in March as demand was constrained by the escalation of the COVID-19 pandemic, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March. However, the latest reading was indicative of a substantial improvement in the health of the sector that outpaced the long-run series average, it said. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.
Zee Entertainment Enterprises Ltd on Wednesday approached the National Company Law Appellate Tribunal (NCLAT) against the requisition of minority shareholders Invesco and OFI Global China Fund to convene an Extraordinary General Meeting (EGM) to discuss various issues, including removal of managing director Punit Goenka. The media major has challenged the orders of Mumbai-bench of the National Company Law Tribunal, which had on Tuesday directed Zee Entertainment Enterprises Ltd (ZEEL) to filed reply over the petition filed by its minority shareholders by October 7 (Thursday), the next date of hearing. Confirming the development, a ZEEL Spokesperson said: "The company has moved NCLAT in accordance with the due process available under the law."
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
India's manufacturing sector activities eased slightly in February but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities, a monthly survey said on Monday. The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data. The headline figure for February remained above its long-run average of 53.6, the survey noted. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.
The biggest headwind to the consumption story in FY23 is a sharp decline in government subsidies on food, fertiliser and fuel, and overall decline in revenue expenditure net of interest payments. This, analysts say, will adversely impact purchasing power of households at the lower end of the income pyramid, translating into lower spending on consumer goods and services.
Here's the full list of players sold on Day 1:
Tata Steel was the top loser in the Sensex pack, dropping 3.35 per cent, followed by Bharti Airtel down 2.52 per cent, Yes Bank 2.43 per cent, ONGC 1.98 per cent and ITC 1.96 per cent.
Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday said they have signed definitive agreements for their merger following conclusion of an exclusive negotiation period during which both parties conducted mutual due diligence. In a joint statement, the two companies said they have "signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries". The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence, it added.
US e-commerce giant Amazon has written to Ajay Tyagi, chairman of market regulator Securities and Exchange Board of India (Sebi), to take action as is necessary to comply with the Supreme Court Judgment, related to the $3.4-billion merger deal between Future Group and Reliance. Amazon has requested Sebi to direct the Indian stock exchanges to withdraw the Observation Letters related to this deal with immediate effect. In January this year, Sebi had given a go-ahead onto Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore ($3.4 billion) deal.
The Brazilian, the only player to claim three World Cup winner's medals and a man often called the greatest footballer of all time, said all monies raised will help Brazil's fight against and recovery from the COVID-19 pandemic.
He had already been granted bail in the Chaibasa Treasury Scam case in October 2020, and in the Deoghar Treasury Scam case in February 2020.
The repo rate, at which the central bank lends to the system, will come down to 5.75 per cent after the cut.
'Those who say that conventional war is a thing of the past or that war is not an option, or that diplomacy alone can prevent war -- are wrong and we see that in Ukraine.'
Reserve Bank of India cut interest rates for a third time this year.
Ravi Singhal, vice chairman, GCL Securities Private Limited, explains why there is no need to worry as stock market indices gain higher levels.
A hefty increase of Rs 1 lakh crore (Rs 1 trillion) in farm credit target to Rs 5.75 lakh crore (Rs 5.75 trillion) was a major highlight for the sector in 2012, while the continuing farmers suicide and the reports of a Parliamentary panel and a Supreme Court appointed committee recommending ban on field trial in GM crops were setbacks.
The experienced Amanpreet Singh, Manu Bhaker and Meghana Sajjanar were among the Indian shooters who shone in the first-of-its-kind International Online Shooting Championship held on Wednesday. In the 10m air rifle event, Austria's Martin Strempfl finished at the top with 632.5, Sajjanar was second with 630.5 while Etienne Germond of France was placed third with 629.4.
Traders said the precious metals remained in demand for the ongoing festivals and marriage season, while silver rose on industrial units and coin makers demand.
The number of active cases of the coronavirus infection in the country has gone up to 37,45,237, accounting for 16.53 per cent of its total caseload, while the national COVID-19 recovery rate was recorded at 82.39 per cent.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
