Host of lenders led by State Bank of India (SBI) and Bank of India hiked lending rates after the Reserve Bank raised the benchmark interest rate to tame inflation. The hike has been effected in their benchmark rate linked to the repo rate, which increased by half a percentage point to 5.9 per cent. Even financial institutions like mortgage lender HDFC Ltd hiked the lending rate by 50 basis points effective Saturday.
The twisted variety of the skirt looks like a glamourised version of a lungi; soft, luxurious satin and malmal fabric draped around the waist in cascading pleats.
Lump sum investments in equity and hybrid schemes of mutual funds (MFs) declined to Rs 17,900 crore in October - the lowest since January 2021. The fall in lump sum investments comes even as flows through systematic investment plans (SIPs) rose to a new all-time high of Rs 13,000 crore in October. The latest lump sum tally is just a third of the peak inflow of Rs 49,700 crore in July 2021.
India and Pakistan's tumultuous relationship is fodder for drama in many Bollywood movies. Be it Partition, war, jingoism or aman ki asha, there is a movie for every theme and timeline.
Thierry Henry scored the winner as Barcelona came from behind to beat Villarreal 2-1 away and go 10 points clear at the top of the Primera Liga on Sunday.
Ferrari's Charles Leclerc will line up alongside on the front row after a final qualifying session that ended with Verstappen's Mexican team mate Sergio Perez crashing at the final corner.
Even as political parties in TN have decided not to field a candidate against CM Jayalalithaa in the assembly by-election, the BJP's ambivalence has shown up once again.
Kolkata Gives brings together the city's philanthropists and deserving NGOs in a structured interface. Subir Roy walks away with fascinating stories from this year's do.
Spiralised zucchini, if lightly cooked so it remains crisp, when combined with pasta is a great match.
Holders Real Madrid breezed past Chelsea into the semi-finals of the Champions League with Rodrygo's double securing a 2-0 win at Stamford Bridge.
Foreign portfolio investors (FPIs) turned net buyers in October after being net sellers in the previous month. In October, FPIs bought shares worth nearly Rs 8,430 crore ($1 billion) against net selling of Rs 13,405 crore ($1.6 billion) in September. Positive flows during three of the previous four months have pushed the domestic markets towards fresh all-time highs. At present, the Sensex and Nifty are less than 2 per cent shy of breaching record highs logged in October 2021. A rally in equity markets in the US and Europe is in hopes that the Federal Reserve may go soft on rate hikes after its November meeting.
"There's a lot of work that still needs to be done in this sport. "I can't retire now, because I'm only just embarking on helping create a more open and inclusive environment here in this sport and I've got to stay to help that continue." said Hamilton.
Leaders Barcelona played out a second straight 0-0 draw in LaLiga after mid-table Getafe battled for a home point in a hard-fought game on Sunday.
Equity indices made an emphatic comeback on Friday after falling for seven straight sessions after the RBI hiked interest rates by 50 basis points on expected lines and projected inflation coming under control from January next year. A strong recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex soared 1,016.96 points or 1.80 per cent to settle at 57,426.92. During the day, it rallied 1,312.67 points or 2.32 per cent to 57,722.63.
Fund mobilisation by companies through equity and debt routes has dropped 20 per cent in 2022 to nearly Rs 11 lakh crore, as exuberance dwindled this year due to expensive credit avenues and volatile markets. The first half of 2023 could continue to remain challenging. The year 2021 was extraordinary for fundraising from the equity and debt routes, while 2022 has seen a slowdown in capital raising owing to elevated volatility provoked by unprecedented inflation globally and the Russia-Ukraine war.
'If you take music away from me, there's nothing else I can do.'
The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday. The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike next week and a 0.25 per cent increase in August, to make the total quantum of rate hikes at 0.75 per cent, the report by Bofa Securities said. On May 4, the Reserve Bank of India (RBI) hiked rates by 0.40 per cent, and Governor Shaktikanta Das has already called a rate hike at the forthcoming review as a "no brainer" given the pressure to maintain its core mandate of inflation in the targeted band of under 6 per cent.
The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a litre increase in petrol and diesel prices in a matter of 16 days beginning March 22, which has further fuelled the already high commodity prices. The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went completely out of hand.
From the peak of $3.67 trillion in January, India's market cap has eroded by $676 billion amid rising bond yields and a record-breaking sell-off by overseas investors.
As the curtain comes down on 2022, Roshmila Bhattacharya flashbacks to some of the year's news-makers and events.
Charles Leclerc seized pole position for the Italian Formula One Grand Prix and sent Ferrari hopes soaring on Saturday while Mercedes' George Russell joined him on the front row once penalties were applied.
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The world's best-known crude benchmark, Brent was trading at $94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of $91.51 on the previous day. The current rates are a relief to India, which is 85 per cent dependent on imports for meeting its oil needs.
Barcelona extended their LaLiga lead to eight points thanks to second-half goals by Jordi Alba, Gavi and Raphinha that gave them a 3-0 home win against Sevilla
Investigators probing the acts of terror allegedly carried out by right-wing groups at Malegaon, Ajmer and Hyderabad are now looking for one Swami Aseemanand and his accomplice.The police have been looking for Swami Aseemanand since the Mumbai Anti-Terrorism Squad arrested Sadhvi Pragya Singh Thakur in October 2009 in connection with the Malegaon blasts. The ATS had picked up incriminating intercepts of his conversation with the Sadhvi.
Skipper Rohit Sharma will look to feast on a Zimbabwe bowling attack in his bid to play an innings that is long overdue in a must-win game of the T20 World Cup match in Melbourne on Sunday.
The ruling BJP is confident of bettering its 2017 performance, especially with the new UP party chief, Bhupendra Chaudhary, at the helm of affairs, reports Virendra Singh Rawat.
GT, on the other hand, are the side to beat in this IPL. Even if they lose on Thursday, the Hardik Pandya-led side will finish at the top, which means it will get two chances to reach the final.
Power generating companies (gencos) that use imported coal to produce electricity, may find it difficult to switch on their idle units immediately in the wake of high fuel costs, several players have told Business Standard. Recently, the Union power ministry had invoked Section 11 of the Electricity Act mandating all imported coal-based plants to generate power at full capacity. However, some generating companies that use imported coal, argue that it is simply unviable for them to produce power when the price of coal in the international market is high, while the per-unit price of power has been capped at Rs 12 per unit on the domestic power exchange.
The BJP secured a runaway victory in the Municipal Board elections in Assam, pocketing 72 civic bodies out of 80. The Congress, the principal opposition party of the state, could not even win a single civic body.
Sajith Premadasa, the 55-year-old leader of Sri Lanka's principal opposition party Samagi Jana Balawegaya, said on Tuesday that he was withdrawing from the race of President to provide support to Alahapperuma.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
The legendary Bhaichung Bhutia on Friday filed his nomination for the president's post in the upcoming AIFF elections but getting through won't be easy for the former footballer as several candidates with political affiliations have also thrown their hats in the ring.
She came like a whirlwind to wipe out, in one stroke, practically all female singing competition, recalls Raju Bharatan.
Planet Earth welcomed its 8th billion inhabitant on Tuesday, a remarkable milestone for humanity that is set to propel India to become the world's most populous country next year, surpassing China amid rising global challenges.
'Everybody here is a fair-weather friend.'
Brugge had a runaway 15-point lead with one match left in the regular season and will take up an automatic spot in next season's Champions League group phase.
Essentially a message movie, Jayeshbhai Jordaar masks its horror in humour to play out like an on-the-run road trip, observes Sukanya Verma.
It will be a poignant evening, with both games -- City vs Arsenal and Aston Villa vs Sheffield United -- played inside empty stadiums and marked before kickoff by a minute's silence for the more than 40,000 people to die of the virus in the UK.
Djokovic practised his serves and returns with his entourage on an empty court at Melbourne Park
Runaway Premier League leaders Manchester City will play Borussia Dortmund with the winners to face either Bayern or PSG in the semi-finals.
