At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
Several states declared a holiday for schools, while government offices, other establishments and public sector banks remained closed for half a day.
Olympic bronze medallist Bajrang Punia on Thursday indicated he might withdraw from the Asian Games if all the panchayats that backed him during the protest at Jantar Mantar ask him to do so.
India's top grapplers Bajrang Punia, Vinesh Phogat and Sakshi Malik are reportedly making a last-ditch effort to ensure Brij Bhushan Sharan Singh's close aide, Sanjay Singh, does not become the Wrestling Federation of India chief.
A 15 per cent water cut will be implemented across Mumbai for 30 days from March 31 to fix a hole in a crucial supply tunnel, the Brihanmumbai Municipal Corporation (BMC) said on Tuesday.
The government on Thursday imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a notification said exemption from import licensing is provided up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return and product development purposes.
India captain Rohit Sharma on Wednesday urged his side to keep their focus on "things we can control" ahead of the mega World Cup clash against arch-rival Pakistan, having completed a dominating eight-wicket win over Afghanistan in New Delhi.
'I think just to tick it off in a World Cup and get the campaign started was a big thing for the guys' confidence obviously, we know that big pressure.'
In the Interim Budget, Finance Minister Nirmala Sitharaman announced that a high power committee would be set up to consider the challenges arising from 'fast population grown and demographic changes.' 'But who wants data? It pays to feed people's fears, insecurities and apprehensions. If such fears don't exist, they must be created,' her husband Parakala Prabhakar says in this fascinating excerpt from his book, The Crooked Timber of New India: Essays on a Republic in Crisis.
After seeking a delay in the Asian Games trials, the protesting wrestlers have now written to the Sports Ministry.
Angelo Mathews criticised Bangladesh's decision to dismiss him via a 'time out' as 'disgraceful'
India played the tournament's best cricket for nearly six weeks but it was the familiar sight of Australia celebrating with the trophy as fireworks exploded overhead when the 13th edition of the World Cup came to a close on Sunday.
Punia is planning to skip the trials for the World Championships on August 25 and 26 and instead wants to train at a foreign location to prepare for the Asian Games
'His experience is immense. In our batting chat today (Friday), we basically listened to him. He gave the batting chat as to what the conditions are like, what to expect.'
Most economists expect the global economy to weaken in the coming year amid political and financial volatility, but a large majority of over 90 per cent are confident of moderate or strong growth in South Asia, notably India, a survey showed on Friday. At the same time, the outlook for China has dimmed following signs of deflationary pressures and fragility in the country's real estate market, the World Economic Forum's latest 'Chief Economists Outlook' report said. As the world grapples with political and financial volatility, almost six in 10 believe the global economic outlook will undermine progress towards meeting the UN Sustainable Development Goals (SDGs), with 74 per cent saying geopolitical tensions will have the same effect.
Images from the ICC Men's ODI World Cup match between Sri Lanka and Australia at the Ekana Sports City Stadium in Lucknow.
Domestic airlines flew 1.29 crore passengers in April, a rise of more than 22 per cent compared to the year-ago period, according to official data released on Friday. However, the domestic air traffic number last month at 128.88 lakh was marginally lower than the 128.93 lakh recorded in March. In April 2022, the number of passengers carried by airlines stood at 105.47 lakh.
Reliance Jio has sent a second legal opinion to the Telecom Regulatory Authority of India (Trai) on the subject of the potential allocation of satellite spectrum. The letter is written by retired Supreme Court Justice L Nageshwara Rao and argues in favour of auctions, stating that any other method for allocating spectrum apart from auctions could be constitutionally unsound. Business Standard has reviewed the letter.
IMAGES from the ICC World Cup match played between Australia and Bangladesh in Pune on Saturday
Reigning Under-20 World Champion Antim Panghal on Wednesday questioned the Asian Games trials exemption given to Vinesh Phogat.
The July-September quarter results of software companies in the engineering research and development (ER&D) segment were broadly in line with expectations, though there have been cuts in revenue growth guidance. While results were a mixed bag, and there are cautionary views on the near-term outlook, brokerages and global consulting firms highlight the strong growth trajectory for the sector. They expect this segment of the software sector to grow by 8-12 per cent going forward.
Afghan refugees in New Delhi protest against the Taliban and Pakistan's interference in Afghanistan.
A vigil was organised in New Delhi against what the assembled citizens say is a rise in hate crimes and violence against Muslims in the country.
The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.
The IOA appointed ad-hoc committee has decided to conduct the Asian Games wrestling trials behind closed doors after parents of some of the wrestlers got into a heated argument with panel members at the IG Stadium on Friday.
Sadeera Samarawickrama top-scored with an unbeaten 91 to power Sri Lanka to an easy five-wicket victory against the Netherlands.
Domestic automobile retail sales rose 10 per cent in June driven by sales growth across various segments, including passenger vehicles and two-wheelers, automobile dealers body FADA said on Thursday. Total retail sales last month rose to 18,63,868 units from 17,01,105 units in the year-ago period. Passenger vehicle retail sales increased 5 per cent to 2,95,299 units as against 2,81,811 units in June 2022.
The critical information in the first quarter (Q1) gross domestic product (GDP) data relates to the proximity of real and nominal GDP growth rates at 7.8 per cent and 8 per cent, respectively. The implicit price deflator (IPD)-based inflation is only 0.2 per cent. This phenomenon has repeated after fifteen quarters.
OCA might not entertain Indian Olympic Association's (IOA) request for extending the July 15 deadline for providing details of the country's wrestling squad for the Asian Games.
Jio Financial Services, the demerged financial services unit of Reliance Industries, will be listed on bourses on August 21, according to an exchange notification. Jio Financial Services Ltd (JFSL) demerged from Reliance last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening in the scrip. The listing on BSE and NSE has been scheduled a day before FTSE Russell plans to drop JFSL from its indices.
Don't ignore symptoms like coughing, wheezing or shortness of breath, warns Dr Sandeep Tilve.
The two directors of the company named in the FIR, however, still remain at large.
'Yesterday, all the players spoke openly...the players who live in the camp have more interaction with the Federation, they have shared their experiences there.'
The auction of 5G spectrum for telephony services will stretch to the fourth day on Friday after 16 rounds of bidding fetched bids worth Rs 149,623 crore. Telecom Minister Ashwini Vaishnaw on Thursday said 16 rounds of bidding have been completed in three days and the auction will continue on Friday.
Jasprit Bumrah said he had learnt not to measure success with the number of wickets he has picked.
The trials to short-list the wrestlers for the Asian Games will likely take place around July 20.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
In the fashion dept, Ms Sanon can pull off just about anything.
The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO). OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs 8,430 crore IPO.
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