The Indian Premier League 2022 Player Auction came to an abrupt halt after auctioneer Hugh Edmeades collapsed on stage.
Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among other commodities in July, the Reserve Bank of India (RBI) might go for another rate hike in September. The Consumer Price Index (CPI) based retail inflation was at 7.01 per cent in June and 5.59 per cent in July 2021. It was above 7 per cent from April to June this fiscal.
To set up a future-ready administration geared towards the target of $2 trillion exports by 2030, the Department of Commerce has decided to set up a dedicated trade promotion body to drive overall promotion strategy, export targets, and execution as part of a restructuring exercise. The trade promotion body will formulate and drive overall trade promotion strategy; create and drive India's branding across focus markets and sectors; drive coordinated action across missions, states and export promotion councils; strategic initiatives, including advisory and buyer-seller meet; and develop digital platforms for exporters and buyers. Based on a 14-volume 'restructuring dossier' by the Boston Consulting Group, the commerce department has already implemented some of the recommendations.
Dr Reddy's was the top loser in the Sensex pack, shedding around 5 per cent, followed by M&M, Tech Mahindra, Axis Bank, IndusInd Bank and TCS. NSE Nifty sank 306.05 points to finish at 14,675.70.
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
The players of which country had the best IPL 2023? Srinivas Bhogle and Purnendu Maji find out.
With the fresh cases, the total tally of COVID-19 cases rose to 4,29,93,494. On May 3, 2020, 2,487 cases were recorded.
Among the all-rounders, Deepti Sharma retained her fourth spot with 359 points in the list headed by Ellyse Perry of Australia with 460 points.
Mortgage lender HDFC Ltd on Wednesday announced an increase in its benchmark lending rate by 5 basis points (bps), a move that will make loans dearer for both existing and new borrowers. This is the third hike effected by HDFC in the last one month. "HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022," the housing finance company said in a statement.
'RCB will make decision regarding captaincy after mega auction'
'The life expectancy at birth in 2019 was 69.5 years for men and 72 years for women, which came down to 67.5 years and 69.8 years, respectively, in 2020'
The daily COVID-19 cases have remained less than one lakh for 19 consecutive days.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
The SRH management, headed by Kavya Maran, hasn't yet issued any public statement over Katich's resignation.
The US Open, which will welcome back fans this year, starts on August 30.
The unrest in Chennai Super Kings camp once again came to the forefront after senior batter Ambati Rayudu announced his retirement from IPL at the end of the season on social media, only to backtrack within an hour after being talked out of it by the team management on Saturday.
Joginder Tuteja looks at just how well hijack movies have done in the past.
SpiceJet has decreased its domestic services by 31 per cent to 2,995 weekly flights in the upcoming winter schedule as compared to 4,316 weekly flights that it got approved for the winter schedule of 2019, the aviation regulator DGCA said on Thursday. Meanwhile, Vistara, another private carrier, has increased its domestic services by 22 per cent to 1,675 weekly flights as compared to 1,376 weekly flights for 2019 winter schedule, the regulator added. The winter schedule begins on October 31 of a year and ends on March 26 next year.
Ishan Kishan's Rs 15.25 crore winning bid from Mumbai Indians bettered the Rs 14 crore figure that Chennai Super Kings paid to retain Deepak Chahar.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
The institutional portion was subscribed 143 times, the wealthy investor portion by 360 times and the retail investor portion by 24.5 times.
Investor wealth slumped by Rs 3.7 lakh crore on Monday, as the equity market recorded its biggest single-day fall in two months.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The country's largest lender State Bank of India on Monday said it has reduced interest rates on home loans by up to 10 basis points (bps) and is offering loans starting from 6.70 per cent rate. The new rates are based on loan amount and CIBIL score of the borrower, and are available till March 31, 2021, according to a statement. The bank said the home loan interest rates will start from 6.70 per cent for loans up to Rs 75 lakh and 6.75 per cent for loans in the range of Rs 75 lakh-Rs 5 crore.
Ahead of Saturday's event, here's a lowdown of ready references for the auction.
The daily rise in new coronavirus infections has been below 20,000 for 46 straight days and less than 50,000 daily new cases have been reported for 149 consecutive days now.
The highest polling of 72.35 per cent was recorded in Sirmour district followed by 68.48 per cent in Solan and 67.67 per cent in Una and 67.5 per cent in Lahaul and Spiti. The high-altitude district of Lahaul and Spiti had recorded 21.95 per cent, the lowest, till 1 pm, but polling was brisk as the sun came out.
Outgoing Chief Justice of India (CJI) N V Ramana on Friday said the appointment of 11 Supreme Court and 224 high court judges, besides recommending the names of more women for judgeship during his tenure as the head of the judiciary, was a reflection of "the coherence and determination" of judges to strengthen the judiciary to further the goal of justice.
While lending rates have been jacked up on an average of 5-10 bps by private sector lenders like HDFC Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank since January, almost all the PSBs have been increasing their bulk deposit rates in the range of 15 bps to 125 bps.
Piramal Enterprises (PEL) on Wednesday said it has completed the acquisition of Dewan Housing Finance (DHFL) by paying Rs 34,250 crore to creditors of the housing finance company. The company said the creditors of DHFL, including fixed deposit (FD) holders, would recover an aggregate amount of Rs 38,000 crore from the resolution process of DHFL. The amount comprises approximately Rs 34,250 crore to be paid by Piramal Capital and Housing Finance Ltd (PCHFL) as a combination of cash and NCDs, and an amount of approximately Rs 3,800 crore which is the entitlement of creditors as per the resolution plan from the cash balance available with DHFL, the company said.
Reserve Bank of India cut interest rates for a third time this year.
India's exports jumped 45.76 per cent to $33.28 billion in August on account of healthy growth in segments like engineering, petroleum products, gems and jewellery and chemicals, even as the trade deficit widened to a four-month high of $13.81 billion.
If booster shots are given on priority, the pace of vaccination may slow further. In the worst case scenario, the country will take till mid-March to vaccinate its entire adult population partially.
A round-up of Ranji matches played on Thursday.
The interim stay on demolition, granted by the Delhi high court earlier, was ending on Monday.
Chelsea have topped the spending list with Manchester United not far behind, but West Ham United's business epitomises the TV riches which give all Premier League clubs spending power that only the elite teams in Spain or Germany can dream of.
A summary of Indian athletes showing on Friday, Day 8 of the Commonwealth Games.
A home loan is a long-term contract, so do shop around before signing on the dotted line, advises Sarbajeet K Sen.
It said that the GDP growth has averaged 7.3 per cent from 2014-15 to 2017-18, which is the highest among the major economies of the world.
'In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit,' notes Harsh Roongta.
