For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
The Rs 17,000 crore-share buyback programme of India's top software services exporter Tata Consultancy Services (TCS) will open on December 1. The buyback, where investors can sell to the company their shares at an offer price of Rs 4,150 apiece, will close on December 7, TCS said in a regulatory filing on Tuesday. The information technology bellwether is aiming to repurchase up to 4.09 crore shares (1.12 per cent of the total equity share capital) at Rs 4,150 apiece in a buyback valued at Rs 17,000 crore.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
The number of active coronavirus cases in the country has surpassed the 16-lakh mark, the ministry's data updated at 8 am showed.
The 2024 Kia Sonet facelift impresses with its comprehensive upgrades, ranging from a refreshed exterior design to advanced safety and technological features.
A desperate India seek to restore parity against South Africa and remain consequential in the World Test Championship.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
There could be some eye-popping deals for players, who would have struggled otherwise to attract attention in the mega auction.
Sukhram, all of 22, reached his village at 1 am to a rousing welcome after staying trapped in the Silkyara tunnel for 17 days.
India's journey into their ODI future will hit its first stop during the opening match against South Africa on Sunday.
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
For the golden generation of Indian cricketers, this is their last chance to conquest what no other team could on eight previous tours.
Tottenham Hotspur beat Nottingham Forest 2-0 away with goals by Richarlison and Dejan Kulusevski for a second straight win that nudged them closer to the Premier League top four on Friday although they had midfielder Yves Bissouma sent off late on.
The Czech Republic won a heavyweight clash against the United States with a deciding doubles victory sending them through to the Billie Jean King Cup semi-finals in Seville.
Warner is poised to wrap up his Test cricket journey with the upcoming third Test against Pakistan at the iconic Sydney Cricket Ground (SCG).
Sri Lanka are no pushovers but they have faltered more often than not in this World Cup after an superlative show in the qualification round.
Italy returned to the Davis Cup final after a gap of 25 years as Jannik Sinner beat Novak Djokovic in both singles and doubles to secure a 2-1 victory over Serbia on Saturday that earned the 1976 champions a title clash with Australia.
The cause of the death was cardiac arrest, t aide said
After playing a character who murders her husband in Jaane Jaan, Kareena Kapoor crosses over to the other side, to play a detective in The Buckingham Murders.
Srihari finishes 6th, Likith and men's 4x200m freestyle team 7th.
The net leasing of Grade-A commercial office space in India will stagnate this financial year at 32-34 million square feet, with global uncertainties brewing caution among key tenant categories, according to the latest Crisil Ratings report. Major seven cities in India - Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - had Grade-A office space with an operational stock of around 705 million square feet as of March 2023. India's commercial office space is dominated by technology companies, with information technology (IT) and IT-enabled services (ITeS) companies occupying 42-45 per cent of the operational stock.
But Indians work less than smaller countries with small populations like Bhutan, the Congo, Lesotho and Gambia.
'Pandemic has triggered interest and awareness among the people about the need for healthcare.'
It took India and the Indian Army to show to the world that enough is enough and to challenge the neighbourhood bully, he said.
Sweden missed out on the finals for the first time in 28 years on a night in which their fixture with Belgium was abandoned
Boring through the rubble of the collapsed Silkyara tunnel was put on hold again on Thursday apparently after cracks appeared in the platform on which the drilling machine rests, in a fresh hurdle to the rescue of 41 workers trapped inside for 11 days.
After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).
Despite high headline numbers, the output of one-third of the segments in the manufacturing sector in August stood below even that in the same month in 2011-12, when the new index of industrial production (IIP) series started. This is despite the fact that manufacturing grew 9.3 per cent in the month, driving up IIP growth to a 14-month high of 10.3 per cent. Part of it is due to the devastation of these product categories by lockdowns induced by Covid waves and subdued export conditions, while part of it needs to be assessed further.
With the rains at unprecedented low in August, kiranas are thinking twice before stocking up on goods. "With August 2023 rain shortfall at almost a 100-year low, we are seeing kiranas stocking up very carefully," Akshay D'Souza, chief of growth and insights at Bizom. He added, "As we look ahead, it does seem that the impact of rains in September will be critical to the sowing season.
Retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October this year at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases, the Federation of Automobile Dealers Associations (FADA) said on Monday. Retail sales of automobiles in the domestic market stood at 22,95,099 units in October 2022, FADA said in a statement. Two-wheeler retail sales were at 15,07,756 units last month, as against 17,25,043 units in the year-ago period, down 12.60 per cent, as per the latest data by FADA.
Israeli tanks and troops mounted on armoured vehicles were deployed in the region, seeming to suggest that a ground assault on Hamas in their backyard, Gaza, could begin any time soon.
Indian football team's head coach Igor Stimac said his second-string men's team "ran out of gas" in the second half against China.
China's birth rate has been in decline since 2017, despite easing of the 'one-child policy' in order to avert an incoming demographic crisis.
Of the 3,893,149 registered applicants on the MP Rojgar portal, only 21 individuals have been successfully placed in government and semi-government positions since April 2020.
November 22, 2023 marks 60 years since US President John F Kennedy's assassination.
Budget airline AIX Connect has removed its manager from duty at Bengaluru airport following the incident of a flight taking off without Karnataka Governor Thaawarchand Gehlot last week, a source said on Monday.
Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, the largest private-sector lender of the country, has just completed his first term. The period October 2020-October 2023 was a roller coaster, and the second one, which started on October 27, could be more interesting as the lender absorbs the impact of the merger of HDFC, which was integrated on July 1, and moves to the next growth phase. Soon after he took over the reins from Aditya Puri on October 27, 2020, the Reserve Bank of India (RBI) debarred HDFC Bank from enrolling new credit card customers and launching new products under the Digital 2.0 programme due to repeated outages on its mobile-banking and internet-banking platforms.
From the Sensex pack, Infosys, Hindustan Unilever, Reliance Industries, ICICI Bank, Larsen & Toubro, Asian Paints, Nestle, Axis Bank, Wipro and Kotak Mahindra Bank were the major gainers. JSW Steel, State Bank of India, Tata Steel, Bajaj Finserv, UltraTech Cement, IndusInd Bank, Tata Motors and Bajaj Finance were the major laggards.
As political winds stir in these states, it's prudent to assess their economic landscapes.
Indian Grandmasters D Gukesh and Vidit Santosh Gujrathi bowed out of the FIDE World Cup chess tournament after losing to Norwegian Magnus Carlsen and Azerbaijan's Nijat Abasov respectively in Baku on Wednesday.
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