Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
Under pressure from the Maoists who have taken hostage three policemen, Bihar Chief Minister Nitish Kumar on Saturday evening said that the state government will give safe passage to Maoists who come for talks.
Israel's Shin Bet released footage on Wednesday of a Hamas terrorist describing his actions in Southern Israel during the October 7 onslaught.
Early-stage cervical cancer may not exhibit noticeable symptoms, warns Dr Abha Bhalerao, consultant gynaecologist at Ruby Hall Clinic. But remember, cervical cancer is curable, preventable and treatable.
When you leave the cinema hall, what stays with you is the message of inclusion and the need to stand up for your freedom, observes Divya Nair.
The Chhattisgarh government on Wednesday opposed the petition of rights activist Binayak Sen in the Supreme Court seeking bail and stay on his life term for his links with Maoists saying he was involved in providing safe hideouts and logistic support to hardcore Naxalites.
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
The incident took place on Saturday inside the Pragati Maidan tunnel when the victims were going towards Gurugram in a cab to deliver the money.
He also shared that Israel has also asked the people of the Shati area in Gaza to vacate the area and for that, millions of text messages and leaflets were sent and dropped in the region.
The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares. The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents viz., (i) Comparable Company Multiple Method, (ii) Probability Weighted Expected Return Method, (iii) Option Pricing Method, (iv) Milestone Analysis Method, and (v) Replacement Cost Method.
rediffGURU Dr Aarti Bakshi, a psychologist and school counsellor helps you understand and improve your relationship with your child.
The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi). Moreover, redemptions moderated in August, declining by 19 per cent to Rs 24,580 crore, after staying elevated in the previous three months owing to profit booking.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The US market has been a standout performer this year, with the benchmark Standard and Poor's 500 (or simply the S&P 500) gaining over 16 per cent during the first half of calendar year 2023 (CY23) in what was its best first-half show since 2019. By comparison, India's National Stock Exchange Nifty 500 has gained 6.4 per cent. On the surface, it appears that the US markets have done exceedingly well. However, a deeper analysis reveals the gains in the domestic market to be more well-spread.
Amid the ongoing fight for control of the Jammu and Kashmir National Panthers Party (JKNPP), president Vilakshan Singh was expelled from the party by its London-based chief patron Ankit Love who accused him of being a "secret agent" of the Bharatiya Janata Party.
Pakistan on Thursday said that the country's air force struck terrorist hideouts in Iran's Siestan-Balochistan province, a day after Islamabad recalled its ambassador from Tehran in the wake of Iranian missile and drone strikes in Balochistan.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
At least two policemen were killed and many others injured when Pakistani Taliban militants seized a counter-terrorism centre and took some people hostage in the Bannu district of Pakistan's troubled Khyber Pakhtunkhwa province.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
Unprovoked firing by Pakistan Rangers has marred dozens of weddings in villages along the International Border in Jammu with many forced to make last-minute changes to some rituals as well.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Love them, hate them but the Oscars have a way of sneaking up on you.
If the wedding takes place between January 20 and 22, Rahul, who is fighting for his place in the team, will miss the home series against New Zealand.
'A large number of people from Sindh province will now opt to migrate to India as they would be granted citizenship through an easy process.'
Shahidi is well aware that Afghanistan can't go deep in the tournament relying solely on the spinners. The batters must step up.
The fall in total reserves was mainly because of a decline in foreign currency assets worth $4.5 billion, the data showed.
The Opposition party lashed out at the Modi government over the issue, saying the problem with most of ministers is that they are so eager to prove their loyalty to 'their master and be his voice' that they have forgotten that they are sworn to certain responsibilities.
From the Sensex pack, Reliance Industries fell the most by 2 per cent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank and Bajaj Finance were among the other major laggards.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
The Railway Board also said several infrastructure projects are under progress with stringent targets and officers and staffers on the field need to be sensitised that the integrity of the signalling system is of utmost importance from a safety point of view.
Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.
Everything about Sharmila was a gift from the Divine: The graceful way she twirled her paintbrush, the naughtiness with which she teased his desperate attempts at cooking her favorite dishes, the gentleness when her lips touched his, the softness of her hair as it fell on his face, the flowery smell of her perfume when he nuzzled her neck, the mole near her quivering lips that he kissed every opportunity he got.
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said. In a volatile trade, the 30-share BSE Sensex declined 202.36 points or 0.31 per cent to settle at 64,948.66.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.
