Realisation due to a strengthening dollar exceeds the losses inflicted by export duty hike.
'As the Indian economy continues to expand over the next three years, mid- and small-caps should do well as they have higher exposure to the domestic economy than large-caps.'
This may come as a surprise to many. Retail price inflation in petrol was the lowest at 10.21 per cent in March since November 2020. In diesel, it scraped the bottom of the barrel at 5.19 per cent in the last month of 2021-22 since February 2020. Even liquefied petroleum gas (LPG) was at a nine-month low of 9.97 per cent in the month.
English hopes of a run deep into the World Cup took a bit of a bruising on Friday when a lively and high-pressing United States team reduced the youthful stars of their tournament opener to anonymity.
Reminiscent of the past two years, the market has made positive strides ahead of the Union Budget 2023-24 (FY24). The benchmark National Stock Exchange Nifty has gained 1.8 per cent in the last month. Typically, markets tend to gain ahead of the Budget as investors build in optimism.
While Kuldeep has played more white-ball cricket in past 8-10 months, switching the format has never been a problem for him as wrist spin doesn't depend on the surface a lot.
Manchester United crushed Newcastle United's hopes of a claiming a first domestic trophy for nearly 70 years with a clinical 2-0 victory in the League Cup final at Wembley on Sunday.
Ghana had always been expected to struggle at this World Cup after an unconvincing qualifying campaign in which a Nigerian goalkeeping howler saw them win a fortunate place in Qatar.
Until Sunday, Stan Wawrinka had an unblemished record in grand slam finals -- but then he had never faced Rafa Nadal in the Spaniard's favourite arena, Court Philippe Chatrier at the French Open.
Manchester City moved four points clear of Arsenal atop the Premier League table with an 11th consecutive victory.
Juventus secured a largely undeserved 3-0 win over Celtic in their Champions League last 16 first-leg tie on Tuesday after an otherwise backs-to-the-wall display to silence almost 60,000 passionate home fans at Parkhead.
Manufacturers that mainly sell diesel cars like Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen anticipate a significant fall in sales if the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, because of a widening cost differential with petrol variants.
BJP's senior-most leader L K Advani tells Neerja Chowdhury that though the FDI in multi-brand retail decision was taken by an executive order, a "roll back is possible if there is a resolution by Parliament to this effect".
Liverpool will attempt to sweep away the January blues on the last day of a wretched month when they host commanding Premier League leaders Chelsea at Anfield on Tuesday.
Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April.
Rybakina barely put a foot wrong as she recovered from a nervous start against the wily Tunisian.
Farm loan waiver has been presumed to be inflationary. But the short-term consequences are likely to be quite deflationary.
Wimbledon debutant Eubanks ends Tsitsipas's challenge in fourth round.
'How low GDP would have been, we don't know.' 'It raises serious questions because so many indicators are pointing to such a sharp decline and GDP estimates are still showing 4 per cent growth.'
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among other commodities in July, the Reserve Bank of India (RBI) might go for another rate hike in September. The Consumer Price Index (CPI) based retail inflation was at 7.01 per cent in June and 5.59 per cent in July 2021. It was above 7 per cent from April to June this fiscal.
Healy continued her fine performance with a direct hit to run out Chedean Nation and, with Mohammed and Chinelle Henry unable to bat because of injury and illness, West Indies were dismissed for 148 in 37 overs.
The RBI on Friday retained inflation forecast for FY23 at 6.7 per cent amid uncertain price trajectory on "geopolitical shocks" and on hope that inflationary pressures would ease with pick-up in kharif sowing and supply chain improvements. In its previous monetary policy review in June, it had projected retail inflation for 2022-23 at 6.7 per cent, higher from 5.7 per cent forecast in April. The six-member Monetary Policy Committee (MPC) unanimously decided to raise the benchmark repo rate by a steep 50 basis points to 5.40 per cent with immediate effect to tame inflation while supporting growth.
IMAGES from Day 1 of all the action from the Wimbledon Championships played at the All England Lawn Tennis and Croquet Club, London, on Monday.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
It has mostly been a one-way street for markets that have moved up sharply since July. The front-line indices - the S&P BSE Sensex and the Nifty50 - have gained 6.7 per cent and 7.3 per cent, respectively, in the past three months. The rally in mid- and small-caps has been sharper, with both indices surging 14 per cent and 9 per cent, respectively, during this period. This sharp run has made analysts at Jefferies cautious.
The fixture was originally scheduled to be played on May 3 but was postponed after violent clashes between fans and police in which more than 100 supporters forced their way into the stadium and stormed the pitch to protest against the club's owners -- the Glazer family.
Cristiano Ronaldo continued his record-breaking form for Portugal as he grabbed two more goals in his country's 6-0 thrashing of Luxembourg in a Euro 2024 qualifier on Sunday.
Four persons, including a forest guard, were killed in violence at the Assam-Meghalaya border in West Karbi Anglong district in the early hours of Tuesday after a truck transporting illegal timber was intercepted, officials said.
The employment situation remains dire. Whatever can be done to promote greater low-skill employment should be pursued aggressively, advises former chief economic adviser Shankar Acharya.
'England will be a challenging side for us. I am sure these (boys) who have been here for a while, played a handful of games against Ireland and a few practice games as well, will be looking forward to this T20 series.'
Tech Mahindra was the top laggard in the Sensex pack, cracking over 5 per cent, followed by Infosys, HDFC, IndusInd Bank, Reliance Industries and NTPC. On the other hand, Hero MotoCorp, L&T, Maruti, UltraTech Cement and Sun Pharma led the gainers' chart.
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent. It is this nominal GDP forecast on the basis of which the finance ministry is calculating key Budget targets like the fiscal deficit as a percentage of GDP and tax revenue growth for the coming year.
Their play-off hopes dashed, both Sunrisers Hyderabad and Punjab Kings will be keen to end IPL 2022 on a winning note when the two teams clash in a dead rubber in Mumbai on Sunday.
Who do you think should be part of India's playing XI for the final ODI against South Africa?
Manchester City needed a second-half penalty from striker Erling Haaland to break the resistance of a dogged Crystal Palace.
A summary of Thursday's action in the Ranji Trophy group stage matches.
Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.
Delhi Capitals showed remarkable resilience to overcome the COVID-19 crisis in their camp and hand Punjab Kings a nine-wicket thrashing in the Indian Premier League match at the Brabourne Stadium in Mumbai on Wednesday.
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