The global brokerage firm further said that BoP would be INR-supportive.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
IOC said the movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which currently stand at $250,000 per year.
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
'We never go overboard on any stock, no matter how good it may seem.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Rahul and Neesham can be seen doing a fist pump, but the cricketer captioned the post as: "Paper, scissors, rock".
The T20 World Cup is slated to be held in India in October-November 2021.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
From real estate to metals, what Sitharaman's Budget has in store.
Purnendu Maji and Srinivas Bhogle list the 50 Most Valuable Players after 46 IPL 2022 games.
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
Technically, USD/INR remains well below its 200-day moving average after first breaching that trend level on Thursday for the first time since May 2013, adding to the optimism on the rupee.
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
The Pandyas continue to be in the thick of things with Hardik Pandya (391) ahead, but Krunal Pandya (300) not too far behind. Purnendu Maji and Srinivas Bhogle list the 50 Most Valuable Players after the first 38 IPL 2022 games.
Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months.
When was the last time we saw an IPL top 50 table without the names of Virat Kohli, Rohit Sharma, M S Dhoni, and with Rishabh Pant getting almost the last empty seat? ask Srinivas Bhogle and Purnendu Maji as they list the 50 Most Valuable Players after the first 29 IPL 2022 games.
The top five includes Yuzvendra Chahal and Kuldeep Yadav; both reminding the Indian selectors that they can still be formidable magicians.
This is essential to promote investment in essential infrastructure such as Power. Any additional burden will only pass on to the end consumer.
Point deductions, player sacking among other penalties for not adhering to COVID-19 protocols.
Citroen drives in its SUV late, but it's worth the wait, says Rajesh Karkera/Rediff.com.
The off-spinner had last played for India in 2016 in a T20I game in the Asia Cup.
Actual reduction in price will be more after taking into account local VAT.
Demand for digital technologies and resumption of normal economic activities will drive sales for IT companies, and the sector will post a revenue growth of up to 9 per cent in 2021-22, a report said on Thursday. Rating agency Icra gave a "stable" outlook for the sector, whose size is pegged at over $180 billion by industry lobby Nasscom, including the business process outsourcing business. The IT services sector's revenues will rise between 7-9 per cent in rupee terms and between 5-8 per cent in dollar terms in 2021-22, it estimated.
Indian Super League side FC Goa have been slapped with a fine of Rs 4,40,000 ($6,537) for two separate incidents of team misconduct while two of its players were suspended for two matches each for "offensive behaviour" by All India Football Federation's Disciplinary Committee.
The price of petrol has been hiked by Rs 1.39 per litre and that of diesel by Rs 1.04 a litre, in sync with firming international rates.
The Assam police has summoned Mizoram's lone Rajya Sabha MP K Vanlalvena on August 1 for questioning over his alleged "threatening statement" over Monday's violence along the interstate border, and pasted a notice at his Delhi residence.
Internshala is inviting applications from students, freshers across the country.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Rizwan Pehelwan's simple story with a message just melted the internet.
A rate cut by the Reserve Bank is likely to help the rupee, which today hit a record low of 57.54 versus dollar, says a Bank of America Merrill Lynch (BofA-ML) report.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
According to HSBC, one key focus point for the market is whether the government stands its ground on foreign direct investment in multi-brand retail or if it gives in to pressure from the opposition.
India's second-largest telecom firm Bharti Airtel on Tuesday reported a net profit of Rs 1,134 crore for the September 2021 quarter, and said it is witnessing strong business momentum with growth in 4G customers and increase in mobile ARPU. This is against a loss (attributable to owners of the parent) of 763.2 crore during the year-ago quarter, the company said in a statement. Its consolidated revenues for the second quarter of FY21 stood at Rs 28,326.4 crore, up 18.8 per cent year-on-year (on a comparable basis) and 13 per cent y-o-y on a reported basis, it added.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
While the remainder of the IPL has been shifted to the United Arab Emirates between September 15 to October 15, the BCCI doesn't want to let go the opportunity of hosting the T20 World Cup in October-November.
DCC is the answer to your currency woes says K Veeraraghavan.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
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