IndusInd Bank was the biggest loser in the Sensex pack, shedding 7.46 per cent, followed by SBI, Tata Motors, M&M, Bajaj Finserv, Axis Bank and Infosys. In contrast, Tech Mahindra was the only winner.
The Indian Space Research Organisation said it successfully carried out an "extremely challenging" controlled re-entry experiment of the decommissioned orbiting Megha-Tropiques-1 (MT-1) satellite.
'He was an extremely naughty child, always in trouble and creating trouble.' 'He wanted to fly a kite at night, and sometimes, bunk school.' 'When I insisted on sending him, we could get a call from school that he had fainted.'
The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US dollar and a weakening Chinese yuan, according to a Business Standard poll of analysts. The Indian rupee hit an all-time low recently, closing at 83.15 per dollar. Five of the 10 respondents said the Indian currency might touch 83.5 per dollar in August itself, while others said the worst could be over.
A plea has been filed in the Supreme Court for initiation of contempt proceedings against the Securities and Exchange Board of India (SEBI), alleging it has violated the timeline for completing the investigation and submitting its report on the allegations of stock price manipulation by the Adani group. An application has been filed by PIL petitioner Vishal Tiwari saying that despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final conclusion/report as was directed by the court. It said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023.
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
The rupee on Thursday closed at its all-time low of 78.32 (provisional) against the US dollar as strong American currency and persistent foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange market, the local currency opened at 78.26 and finally settled at its all-time low 78.32, unchanged from its previous close. On Wednesday, the rupee declined by 19 paise to settle at an all-time low level of 78.32 against the US dollar.
Rameshbabu Praggnanandhaa went down to World No 1 Magnus Carlsen in the FIDE Chess World Cup final, in Baku, on Thursday.
The plane lost contact with air traffic control officials and landed in Mumbai after around four hours.
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.
'We want to send Indians on the moon and create history, but we don't want to accept the reality that is happening on earth.'
'I've never seen such cooperation before. Problem solving. Everyone working together. And truthful.' 'Someone from the prime minister's office was there the entire time, at the table, one of the team.' 'Now you have to figure out how to get them out. And I'm just gonna sit here patiently.' 'But if you annoy me, I could actually ruin the whole game for you and for the people in here, which is the avalanche'.
A joint team of multiple forces are undertaking the offensive to target some senior and most-wanted Naxal commanders, official sources said.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
CBI has made substantial progress in the investigation into the NSE co-location case where markets regulator Sebi has found violations of norms by the stock exchange as well as some of its former top level employees, Finance Minister Nirmala Sitharaman said on Tuesday. The government and Sebi have received some complaints in the matter of NSE co-location. In a written reply to Rajya Sabha, the minister said that during the investigation into the matter, it was noticed that certain stock brokers got preferential access to the trading system.
The Indian capital markets have seen far-reaching changes in the last 20 years. Take, for instance, the quantum of wealth created. Total market capitalisation has shot up from Rs 68,870 crore (the value of 1,191 companies listed on the Bombay Stock Exchange or BSE) in 1991 to Rs 59,84,875 crore (the value of over 4,000 companies listed on the BSE as on August 29, 2011).
The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
In 2022, gold emerged as the top performer among all conventional asset classes with over 14 per cent returns mainly owing to the depreciation of the rupee.
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
The Narcotics Control Bureau on Tuesday claimed to have busted the "biggest" darknet-based LSD cartel operating in India with the seizure of more than 13,000 blots and Rs 26 lakh in cash and the arrest of three persons.
In Jammu and Kashmir, Eid prayers passed off peacefully and there was no report of any untoward incident, the police said.
The Bombay high court on Thursday said that no matter how laudable or high the motives are while framing rules, if the effect of a rule or law is unconstitutional then it has to go.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
The first attempt to evacuate students on March 7 failed, despite ceasefire and planning.
The country's foreign exchange reserves surged to $576.98 billion as on March 31, 2021 from $544.69 billion at September-end last year, an RBI report said. Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the report noted. On balance of payments basis (excluding valuation changes), foreign exchange reserves increased by $83.9 billion during April-December 2020 as compared with $40.7 billion in the year-ago period, it said.
Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
The members of the farmers' unions while on their way to the protest site removed barricades put up by police and forcibly entered the road leading to the 'dharna'.
The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves.
After the fiasco in March this year over the share sale in Oil and Natural Gas Corporation ( ONGC ), the government has softened its stand over the pricing.
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
The surge in volatility across the globe sparked by Russian invasion of Ukraine has led to an increase in prices of gold and silver - considered to be safe-haven investment bets. In the past month, silver funds have delivered returns of 7.34 per cent, while gold funds on an average have risen around 6 per cent. In comparison, the benchmark Nifty has declined 4 per cent. Fund managers say precious commodities act as a good hedge against inflation and phases of geopolitical uncertainty.
Perhaps the finance ministry or NITI Aayog could take a detailed look at what governments actually deliver and at what cost; how their services can be improved and expanded where necessary; how much money can be saved through doing things differently; and how many things the government does which it can safely leave to the private sector, argues T N Ninan.
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
"Prime Minister Narendra Modi will be participating, along with Prime Minister of Australia Scott Morrison and Prime Minister of Japan Yoshihide Suga and President of USA Joseph R. Biden, in the first Leaders' Summit of the Quadrilateral Framework, being held virtually on March 12," the MEA said in a statement.
US short seller Hindenburg Research has rejected Adani Group's charge that its report was an attack on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, Hindenburg said it believed India was a vibrant democracy and an emerging superpower with an exciting future and it was Adani Group which was holding it back through "systematic loot". Hindenburg stood by its last week's report that said its two-year investigation found Adani Group "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
Despite its recent underperformance, gold must be a part of your portfolio.
Over 600 social media accounts of the central government were hacked in the last five years, Information and Broadcasting Minister Anurag Thakur told the Lok Sabha on Tuesday.
'With profound sorrow we confirm that an Indian student lost his life in shelling in Kharkiv this morning,' the MEA tweeted.
Modi emphasised that it was necessary to work together for sustained global economic recovery.
