The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending.
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
The annual Quad summit at President Joe Biden's hometown Wilmington is expected to roll out a series of new initiatives to boost cooperation in the Indo-Pacific and explore ways to find peaceful solutions to the conflicts in Ukraine and Gaza.
Quantum cryptography is based on the principle that you cannot make measurements of a quantum system without disturbing it.
Quantum Corp, a global leader in storage and Wipro Technologies, the global IT services division of Wipro, on Monday announced a strategic pact where Wipro will provide engineering and software design services to augment Quantum's internal storage sy
The total number of demat accounts in the country stood at 171.1 million as of August 31.
'By investing in a basket of funds, FoFs can help minimise the impact of underperforming funds, thus reducing overall investment risk.'
New initiatives to boost cooperation to ensure stability in the Indo-Pacific, ways to find peaceful solutions to the conflicts in Ukraine and Gaza and addressing concerns of the global South will be the focus of Prime Minister Narendra Modi's three-day visit to the US beginning Saturday.
The war and Modi's recent visit to Ukraine is expected to figure prominently in the bilateral meeting, according to US National Security Adviser Jake Sullivan.
A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024.
Irrespective of what the future may have in store, the year 2018 has ushered humanity towards an era of next generation technology, demonstrating that there is no looking back in scientific innovations.
A court in Delhi has convicted a man of raping a 14-year-old girl in January 2015, saying if physical relations are established with a minor, it becomes an offence of rape and her consent is immaterial.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
The government-backed Open Network for Digital Commerce (ONDC) is likely to start levying user charges in the current financial year.
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
Scientists have unveiled the world's first universal programmable quantum computer, capable of processing two quantum bits or qubits which store more data than the simple 'on' or 'off' bits of conventional computing. But, the test programme has revealed significant hurdles which the scientists claim must be overcome before it is ready for real work, the New Scientist reported.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
All investors should ideally have a 10 to 15 per cent allocation to gold. Whether they invest in gold ETFs or SGBs should depend on their investment horizon.
A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease of doing business. They told the state government the Bill in its current form would hamper operations and increase regulatory and compliance burden on the nascent gig and startup economy, according to sources.
Reliance Jio, India's top telecom operator, announced a 12-27 per cent hike in mobile tariffs -- the first in two and half years, setting the stage for other operators like Vodafone Idea to raise charges. The company has also restricted the access of unlimited free 5G services for customers. The hike comes immediately after the spectrum auction, as per the anticipation of sector experts.
Consumers are unlikely to disconnect their mobile connections and will most likely absorb the up to 22 per cent tariff hike imposed last week by Jio, Airtel, and Vodafone Idea (Vi), according to analysts. The last major tariff hike in 2021 was followed by a 4-5 per cent SIM consolidation, with people leaving mobile operators with more expensive plans for their peers offering comparatively affordable options.
The setting up of STEAG is part of the Army's efforts to develop technologies considering the future battlefield, they said.
'A lot of them are converted to other tokens, and since crypto is dealt with internationally, it can go to any exchange in any country.'
A sessions court in Palanpur town of Gujarat's Banaskantha district on Wednesday convicted former Indian Police Service officer Sanjiv Bhatt in a drug seizure case dating back to 1996.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the "backbone is stable". Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider opening up new benches of the SAT given the higher workloads because of higher quantum of transactions and newer regulations.
This year's tally is the second best ever after 2022 when 16 firms raised Rs 40,311 crore, led by LIC's biggest-ever IPO.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
He however said: "Several advantageous features for Tamil Nadu find place in the verdict."
An accurate early warning system that correlates rainfall and the potential for landslides. That is the imperative, say experts as rains create havoc in hills across India and the toll mounts in Kerala's Wayanad slopes where landslides buried entire homesteads and possibly hundreds of people.
Fund managers are keeping cash in hand amid strong inflows and elevated valuations in the small and midcap space. Stress data shows that nearly half of the schemes in the smallcap space are holding cash of 5 per cent or more at the end of February 2024. By comparison, only 20 per cent of the midcap schemes had over 5 per cent cash in their portfolio during the same period.
'Pakistan is a nuclear country.' 'With the kind of situation that is there in Pakistan today, America will help Pakistan stay afloat.'
Gujarat Titans skipper Shubman Gill did not forget to mention that they were 15 runs short while batting, as the net run-rate did not witness a quantum leap despite their 35-run victory over Chennai Super Kings in the IPL match in Ahmedabad on Friday.
India on Tuesday said cooperation in peaceful uses of nuclear technology is an important pillar of the multifaceted cooperation with Russia, which offered help in building small tropical nuclear power stations.
India's tactical and operational response demonstrated its ability to prosecute tri-service operations, even without a formal tri-service doctrine or the higher command structure needed to coordinate it, points out Ajai Shukla.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
The special trial court will pronounce the quantum of punishment for 32 convicts in the 2002 post-Godhra Naroda Patiya riots case on August 31.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
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