Real Madrid strike late to beat Dortmund and win 15th UEFA Champions League
"Indian markets (are) well placed to absorb the US Fed rate hike. Gradual approach in future increases augurs well for emerging markets," Economic Affairs Secretary Shaktikanta Das has tweeted.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
In an interview with PTI, Roy praised the Union government for implementing the Citizenship Amendment Act (CAA) rules, stating that it would benefit the refugee population, including the Matua community, who had fled neighbouring countries to escape religious persecution.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
The United States survived a fright from little Latvia on Saturday before winning 3-2 in a Fed Cup qualifier as Serena Williams suffered her first career singles loss in the team event. Switzerland, Spain, Belgium, Slovakia, Germany, Russia and Belarus also moved through to the inaugural 12-nation showdown in Budapest.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
From the Sensex basket, Tech Mahindra, Tata Steel, JSW Steel, HCL Technologies, Tata Consultancy Services, Larsen & Toubro and Kotak Mahindra Bank were the biggest laggards. Mahindra & Mahindra, Power Grid, Bajaj Finance, IndusInd Bank and Maruti were the major gainers.
RBI will now increasingly shift focus to domestic parameters
Amelie Mauresmo crushed American Meghann Shaughnessy 6-2 6-1 on Sunday to power France to their second Fed Cup title.
'With China falling out of favour, India is where investors see the demographic and digital dividend apart from the benefits of reforms playing out.' 'Your prime minister has also done a great job of sharing this story with the world.'
Barty had some trouble in the first set against the two-time Australian Open champion and saved three break points at 5-5 to go on to win 7-6(2), 6-3 and level the tie at 1-1.
'The 10% increase in women voters was a determined bloc of voters.' 'They were willing to try this third party, specially because it seemed it had done something in Delhi.'
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
Many things are going unnoticed by India watchers.
Get ready to have your heart stolen, says Rediff.com's Hitesh Harisinghani.
Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
The three MLAs -- Sombir Sangwan, Randhir Gollen and Dharampal Gonder -- also said that they have decided to extend support to the Congress during the elections.
"Just three months more," says mom-to-be Deepika Padukone in a witty reply when asked if she is still in her character of a pregnant woman from her coming film Kalki 2898 AD.
Karolina Pliskova and Petra Kvitova won their opening singles matches to give Czech Republic a commanding 2-0 lead in their Fed Cup semi-final against Germany in Stuttgart on Saturday.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
Inflation is expected to remain low in the near term, in part because of the further declines in energy prices.
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the "endless chatter" of Fed governors, Wood believes the news flow in the financial sphere "pales into complete insignificance" compared with the "tectonic shifts" going on in geopolitics.
The torch for the Paris 2024 Olympic Games was lit in ancient Olympia
Victoria Azarenka will miss this week's Fed Cup final in Minsk against the United States due to an ongoing custody battle with her baby son's father, the former world number one said on Tuesday.
'If the Maha Vikas Aghadi thinks that they have won 30 (Lok Sabha) seats and that would translate to winning 180 assembly seats they would be living in a fool's paradise.'
The saving grace of Shankar's expanded universe is the masterful precision with which Kamal Haasan drops himself into a messy setup, only slightly to elevate the pulpy tendencies of Shankar's vision, observes Arjun Menon.
After the BRS lost the assembly elections recently, a number of its leaders quit the party to join the BJP or the Congress, which is in power in the state now.
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals. Sources said such a blueprint, which is aimed at making the life of farmers easier, with quicker approvals but not compromising on quality, is in the works as part of the 100-day agenda of Modi 3.0. Also, ways to administer fertiliser subsidy more effectively and cutting down on leakages and diversions to build on the success of neem-coated urea are being thought of.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
'The main worry is lots of new investors coming into the markets in order to make a quick buck/easy money.' 'Those things are happening again and have happened in the past as well.' 'All that has led to problems.' 'We are not there yet, but will get there eventually.'
Investors' wealth eroded by Rs 6 lakh crore in a single day on Wednesday as the BSE benchmark Sensex tumbled over 790 points. The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88. During the day, it slumped 872.93 points or 1.19 per cent to 72,222.29.
'Amit Shah had promised Ajit Pawar and Praful Patel that even if there were only one third of MLAs with them, they would be given the party symbol.' 'He promised them that the Election Commission would not take a decision against them and that they would get the party name and symbol.'
Investors' wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday. Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 363.20 points or 0.49 per cent to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81 per cent to hit its record high of 74,254.62.
The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in the 2023-24.
The central bank maintained its bias towards a rate hike.
Fed keeps rates unchanged, sets up possible December hike
Asian emerging market stock prices did see a bounce post Fed-talk.
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