Teen prodigy Divya Deshmukh stunned seasoned grandmaster Koneru Humpy in a tense tiebreak to win the 2025 FIDE Women's World Cup in Batumi, Georgia, rewriting Indian chess history at just 19.
Among Sensex stocks, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti, Bajaj Finserv and NTPC were the biggest gainers. However, Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel and Bharti Airtel were among the laggards.
From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Consultancy Services, Reliance Industries, Axis Bank and Larsen & Toubro were among the major gainers. However, Trent, Tata Steel, Tech Mahindra and Maruti were among the laggards.
Tata Sons' dividend from Tata group companies for last financial year is expected to show a decline of 3.5 per cent to Rs 36,514 crore from Rs 37,832 crore a year earlier. This should be the first year-on-year decline in Tata Sons' dividend in the last nine years. The holding company had last reported a decline in FY16, when its proceeds had gone down 42.5 per cent to Rs 6,898 crore from Rs 11,993 crore a year earlier.
The 30-share bluechip index is rebalanced on a semi-annual basis with next rejig slated for June 18.
Praggnanandhaa wins UzChess Cup Masters, becomes top-ranked Indian and World No.4
Investors' wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global market trends amid growing tensions in the Middle East.
India's Vidit Gujrathi drew with Jan-Krzysztof Duda of Poland to take his tally to four points after the sixth round of Tata Steel Chess Tournament 2022.
The FIDE World Cup for chess will be held between October 30 and November 27, 2025.
Arjun defeats Gukesh as world champion suffers second successive loss in Norway Chess
Tata Steel delivered one of its best financial performances ever in the third quarter of the current financial year, and surpassed its deleveraging target of $1 billion. In an interview, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that the company will continue to focus on deleveraging but profitable and value-added growth will be equally important.
'Brexit might delay the sale process of Tata Steel's UK operations'.
Indian Grandmaster Vidit Gujrathi prevailed over Russia's Daniil Dubov in the third round to become the sole leader with 2.5 points in the prestigious Tata Steel Masters chess tournament in Wijk Aan Zee, The Netherlands.
The Indian challenge extends to the Challengers' section, where Divya Deshmukh will compete against some strong Grandmasters.
World champion D Gukesh climbed to a career-high No 3 ranking, while compatriot R Praggnanandhaa broke back into the top 10 in the latest FIDE classical ratings released on Saturday.
Starting as second seed, Praggnanandhaa will have his task cut out with the white pieces against Navara, who has been around for a long time as one of the top European players.
There was an acceptable domestic performance in India but there continues to be concerns about the Europe business and that overshadows the local performance. The consolidated revenues for the Q2FY24 stood at Rs 55,682 crore with an operating profit of Rs 4,315 crore and an operating profit margin of 8 per cent.
Grandmaster Nodirbek Yakubboe said he didn't respond to Indian GM R Vaishali's handshake gesture because of 'religious reasons'.
R Praggnanandhaa, the newly-crowned Tata Steel Chess champion, was given a warm reception upon his return to Chennai. The 19-year-old made history by defeating reigning World Champion D Gukesh in the final, marking the biggest win of his career. Fans, officials from the Tamil Nadu government, and the national federation gathered at the airport to welcome the young chess prodigy. Praggnanandhaa became the first Indian after Viswanathan Anand to win the Tata Steel Chess title.
The steelmaker's India basket grew after Tata Steel completed its acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code process and its subsidiary, Tata Sponge, acquired Usha Martin.
Historically, Tata Steel has always been among the biggest companies in the group in terms of m-cap, revenue, and profit but its fortunes began to decline after 2010 due to a sharp decline in the profitability of its European operations that it had acquired in 2007. The company was hit by a sharp rise in its debt level after this acquisition. First, it lost out to Tata Motors in terms of revenue in FY11 and then in March 2015, Titan beat it to become the third-biggest firm in the group in terms of m-cap. In FY20, TCS reported higher revenue and Tata Steel had become the third biggest company in that terms.
Praggnanandhaa on Sunday attributed the change in fortune to increased confidence and ambition
Indian Grandmaster Vidit Gujrathi drew with Richard Rapport of Hungary in the ninth round to be in joint third place with 5.5 points in the Tata Steel Masters in Wijk Aan Zee, The Netherlands.
Grandmaster Rameshbabu Praggnanandhaa opens up on beating World Champ D Gukesh to win the Tata Steel Chess Tournament, in Wijk Aan Zee, The Netherlands.
The Tata Steel Group has extended substantial financial support to the UK business and suffered asset impairment of more than 2 billion pounds in the last 5 years.
Tata Steel's domestic operations have been its cash cow.
Prior to Rio Tinto's $3.9-billion offer for Riversdale in December 2010, Tata Steel had 24.4 per cent stake in the company, now at over 26 per cent.
Vidit Gujrathi suffers first defeat
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Norway Chess released a video of 18-year-old Gukesh with a tonsured head, giving it as an offering to Lord Balaji.
From the 30-share Sensex pack, Power Grid, Tata Steel, Zomato, Titan, Bajaj Finance, Mahindra & Mahindra, NTPC and Tata Motors were among the major laggards. Kotak Mahindra Bank, Bharti Airtel, HCL Tech, Tech Mahindra, ICICI Bank and Tata Consultancy Services were the gainers.
The announcement evoked a sharp response from the UK and Ireland's largest trade union, Unite, which said it would fight for every job and demanded that there would be no compulsory redundancies from Tata Steel.
The imposition of 15 per cent export duty on steel has suddenly altered the prospects of the sector to negative and led to a big sell-off in steel stocks. Iron ore and pellet exports have to face duties of 45-50 per cent, which means they become uncompetitive. The Ukraine war has led to a supply crunch in global markets and pushed up prices, with Europe, in particular, looking for replacements for Ukrainian and Russian exports.
Tata Steel has been ranked as the best steel making company in the world, for the third consecutive year, by the World Steel Dynamics Inc, USA.
Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.
Procurement Leaders Awards is a benchmark for Global Procurement Excellence given by the Procurement Leaders Forum.
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global market trends are also likely to influence sentiments, traders said.
Indian Grandmaster Vidit Gujrathi held World No. 1 Magnus Carlsen to a draw in the 11th round of the Tata Steel Masters chess tournament
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