Images from the Champions League matches played on Tuesday
The progress on US debt ceiling talks, domestic inflation numbers and second quarter earnings of companies are expected to keep investors busy in the truncated trading week ahead.
Oscar 2015 host Neil Patrick Harris has several big shoes to fill in.
Sanjay Khan goes back in time with memories of the Mysore fire tragedy.
'My friends told me they will call me an actress only when I appear on Comedy Nights with Kapil. I just a got a confirmation that I will be going on Kapil's show!' Wedding Pulav actress Anushka Ranjan gets ready for showbiz.
'To jump from Madras Cafe to Piku to PINK to October, it takes time...'
Benchmark indices failed to sustain gains and retreated from day's high dragged primarily by the losses in metals, information technology and bank shares as investors started to book profits in late noon deals. Earlier, markets had scaled fresh all-time highs on the surprise post-budget rate cut by Reserve Bank of India (RBI). The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922. Intra-day, Sensex reached the all-time high mark of 30,024.74 while Nifty touched the life-time high level of 9,119.20. In the broader market, both the BSE Midcap index and Smallcap indices, down 1% and 1.2% each underperformed the front-liners. Market breadth in BSE ended negative with 1,882 declines against 1,010 advances. A day after signing an agreement with Finance Ministry on inflation targeting, RBI surprised the markets with an early post-budget repo rate cut of 25 bps (basis points) to 7.5% from 7.75% which was again outside of central bank's scheduled policy review meetings as the earlier rate cut effected on January 15. "RBI's latest rate cut of 25 basis points, while a surprise in its timing is in-line with our expectations of a sharp rate-cutting cycle over the coming quarters. With inflation sustainably lower by 500bps, the RBI has in recent months acknowledged the scope for rate cuts and was only waiting for additional comfort that the government's fiscal policy would not play spoil-sport," said Dinesh Thakkar, chairman and managing director at Angel Broking in a note. Analysts at Karvy believe that further monetary policy action will depend on number of factors including easing of supply constraints, improved availability of power, land, minerals and infrastructure, fiscal consolidation, the pass through of rate cuts by banks and the expected monsoon. Citing weakness in some sectors of the economy and the overall global trend towards monetary easing as rationale for the rate cut the central bank also exuded confidence in the road map for fiscal consolidation as laid out in the Union Budget, 2015. Commenting on how the markets reacted to RBI's surprise move, K Subramanyam assistant vice-president (institutional research), Asit C. Mehta Securities said, "The unexpected cut did take the market by surprise .However, credit off-take is not dependant only on interest rates. A gradual revival in the economy would be of more help which would trigger credit off-take. Hopefully this will follow and RBI's action would prove helpful. From market point of view this is bullish as equity becomes more attractive vis-a-vis falling interest rates." On the macro-economic front, the HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector. Respondents cited robust growth of new business as the principle factor for the increase in activity. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 773 crore on Tuesday, as per provisional data. Buzzing Stocks 9 out of the 12 sectoral indices of BSE ended in red. BSE Metal index, down 2.4% was the top loser followed by BSE Oil & Gas and Power indices, down 1.3% each. BSE Healthcare index, up 1.2% and BSE FMCG index, up 0.9% were the top losers. Bank stocks came under during late noon trades as traders booked profits at higher levels. However, RBI rate cut may encourage large lenders to cut their lending rates boosting demand for home and auto loans and provide funds for various stalled and new projects. Many stalled projects across the country are waiting for cash to restart work. The stock of stalled projects at the end of December 2014 stood at Rs 8.8 lakh crore or 7% of GDP. ICICI Bank ended down 0.1%, Axis Bank and SBI declined over 3% and HDFC Bank shed 1.5%. Sun Pharma gained over 6% on approval granted to Sun Pharma Advanced Research Company (SPARC) by US FDA for an antiepileptic drug. The product will be manufactured by Sun Pharmaceutical Industries at its Halol (Gujarat) facility in India. SPARC was formed in 2007 when Sun Pharma separated out its active projects in drug discovery and innovation into a new company. Dr Reddys Lab and Cipla have gained over 1% each. ITC gained over 1% after consecutive sessions of losses on the proposed larger-than-expected hike in excise duty on cigarettes in the Union Budget. The biggest ever auction of spectrum by the Department of Telecommunications (DoT) started on Wednesday in the morning where government expects to garner Rs 80,000-1lakh crore from the sale of spectrum. Idea Cellular gained over 2%, Reliance Communication gained around 1% and Bharti Airtel closed 0.5% higher. Metal stocks were under pressure in today's session. Hindalco declined over 3%, Sesa Sterliteended down over 4% and Tata Steel closed down 2%. Profit-taking in IT stocks led to Wipro losing around 1.8%, Infosys declining 0.7% and TCS losing 1.5%.
The oralcare major has kept its ears firmly to the ground, pushing products into the hinterland and is holding fort in urban India with innovation for continued volume growth.
A college student and aspiring entrepreneur lists out the advantages of working at start-ups
Manchester United won away for the first time this season when they beat Arsenal 2-1 at the Emirates Stadium on Saturday to climb to fourth in the Premier League table.
Though on the face of it appeared Pasbola was asking a series of odd questions that would be difficult for anyone to answer, there was, it gradually emerged, it seemed, a method to the questioning. Somehow, somewhere instinctively, Pasbola knew there was something not right with Riyaz's account.
For all its conceptual highs, Her is not a film about technology, though it is partly a cautionary fable. This is a film about love. A film to love.
An overview of India's underwhelming performance in athletics
Football news from Ligue 1, Bundesliga and La liga.
The Goqii fitness tracker is a wrist band that measures one's steps, calories burnt, distance travelled, and even tracks the sleeping patterns.
'That Mad Men is currently the best-written show and quite unlike anything else out there is an understatement.'
Two IIT-B grads cracked the cab aggregator code, tasted success & failure.
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
Indian cricket's fortunes ebbed and flowed in 2015 with Virat Kohli successfully leading the national side in Tests and Mahendra Singh Dhoni appearing to be losing his midas touch, while in off the field drama Shashank Manohar returned as the president of Board of Control for Cricket in India.
Finding Fanny strikes gold, raves Raja Sen.
Cooperatives which earlier found it difficult to sell their wares have now found an online market via several e-commerce websites.
News of all that's transpired on and off the football field
'We have been getting e-mails for assignments and events. People from random islands, like Seychelles, called us to perform for India's independence day. It's crazy to see how the internet affects the world. We feel blessed that so many people recognise us. We have even got mails from low-budget feature film makers in the South -- like they want us to be the heroines!' Twins Poonam and Priyanka Shah give us a jhalak into their lives!
Internet entrepreneurs are the next big thing in India.
As we ring in the New Year we must recognise that 2015 promises to be a very exciting time for India.
Lisa Haydon shares her Housefull journey.
Visually impaired Srikanth Bolla is the CEO of Hyderabad-based Bollant Industries, an organisation that employs uneducated disabled employees to manufacture eco-friendly, disposable consumer packaging solutions.
Lionel Messi, Luis Suarez and Neymar combined to devastating effect as Barcelona swatted Celtic aside 7-0 at the Nou Camp to lay down a marker in Champions League Group C on Tuesday.
Tista Sengupta/Rediff.com speaks to aspiring plus size models who, for the first time, will walk at Lakme Fashion Week.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
'When I see an unclothed woman, I do not see nudity; I see the beauty of nature, I see God in every female form.' That's L Ramachandran from Kumbakonam, India's first Playboy photographer, in conversation with S Saraswathi
'Meryl Streep and Julia Roberts were tables away, seated next to each other, at the SAG awards. I was shamelessly staring,' Nimrat Kaur tells Aseem Chhabra/ Rediff.com
Photos from the Champions League matches played across Europe on Tuesday
Here are some of the best photographs clicked across the globe in the month of October.
One does not need to be extraordinary to be a hero. Sometimes, cutting your hair can be enough.
From Pune to Goa and back on a Royal Enfield Classic 350! Why? Just to meet parents and spend the weekend with family. Get Ahead reader Kegan shares the fun and thrill of his unexpected journey.
Hyderabad-based Anshul Sinha is making hard hitting films on important social issues, but there are no takers.
Switzerland struck twice in quick succession to stun Euro 2016 champions Portugal 2-0 in a World Cup qualifier on Tuesday and hand them a first competitive defeat in two years under coach Fernando Santos.
Computer whiz Jefferson Prince, who has built a 70-employee gaming company from scratch, tells S Saraswathi about motivations and challenges of entrepreneurship.
