The activities of the Board of Control for Cricket in India (BCCI) are commercial in nature and can be termed as a 'shop' for the purposes of attracting the provisions of the Employees State Insurance Act, the Supreme Court has said.
As the legend turns 40, we take a look at his journey in cricket and life.
Investors remained on the sidelines amid doubts whether the B S Yeddyurappa government in Karnataka will be able to prove its majority in the house on Saturday, brokers said.
The numbers are heavily in favour of Mahendra Singh Dhoni but former India batsman Gautam Gambhir says spin legend Anil Kumble was the best India captain he has ever played under. Gambhir has high regards for Dhoni and Sourav Ganguly as India skippers, but believes Kumble would have been phenomenal as captain had he led the national team for a longer period.
The complainant must file the complaint within three months from the date of the incident and the Internal Committee will give seven working days to the accused to respond to the allegations. The respondent gets 10 days to respond.
The broking industry's pecking order is set to change with Groww, a fin-tech startup from Bengaluru, poised to topple the industry's poster boy, Zerodha, as the leading brokerage in the number of active investors. According to data provided by the portal Topsharebrokers.com, Zerodha has 6.32 million active investors, while Groww is at 5.99 million. It is projected that Groww, which has grown at a much faster clip over the past two years, will surpass Zerodha this month, or next month.
Real estate major DLF has come under the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs 30 crore.
'All three players in the market are haemorrhaging cash. Average consumer is consuming 12 gigabits (GB) at price points you don't see anywhere else.'
The benchmark indices fell as Sebi cracked down on 331 suspected shell companies listed on exchanges.
Macroeconomic data announcement, Omicron situation and global trends will be the major driving factors for the equity market in the first week of the new year 2022, according to analysts. In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share Sensex made an annual gain of 10,502.49 points or 21.99 per cent in 2021. Religare Broking Vice-President (Research) Ajit Mishra said, "This week marks the beginning of a new month and participants will be closely eyeing some crucial high-frequency data like monthly auto sales, India manufacturing PMI and India services PMI. "Besides, updates on the COVID-19 situation and performance of global markets will also be critical."
Bajaj Finance was the top laggard in the Sensex pack, dropping over 9 per cent, followed by Axis Bank, IndusInd Bank, HDFC, ICICI Bank and M&M. Reliance Industries, however, capped the losses by rallying over 3 per cent. Sun Pharma, Hero MotoCorp, L&T, PowerGrid and Bajaj Auto were also among the gainers.
Leading stock exchanges BSE and NSE have put out comprehensive guidelines for handling technical glitches at members' end in order to prevent disruptions. Under the new framework, members will have to pay Rs 20,000 per day in case of failure to report the incident to the exchanges within the required timeline, BSE and NSE said in separate circulars. The guidelines outline technology infrastructure and system requirements that a member should put in place to prevent any incident of business disruption resulting from technical glitches.
India stands out as a poor and very unequal country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent, according to a report. The report, titled ' World Inequality Report 2022', has been authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty. It further said India is now among the most unequal countries in the world.
Top gainers in the Sensex pack included IndusInd Bank, ITC, L&T, M&M, PowerGrid, Asian Paints and SBI, ending up to 3.79 per cent higher.
Yes Bank was the biggest gainer in the Sensex pack, rallying 4.06 per cent. Other gainers were Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 per cent.
Tata Steel and Indian Hotels on Wednesday said they have always made all relevant disclosures and have no further comments to offer following comments made by ousted Tata Group chairman Cyrus Mistry that Tata group firms could face a potential USD 18 billion writedown.
Former Board of Control for Cricket in India president Shashank Manohar questioned Board's decision to postpone the Annual General Body Meeting, scheduled for November 20, saying it was against the constitution of the cricket body.
Legendary spinner Shane Warne and South Africa's Dale Steyn have been named alongside one another by former Australian skipper Michael Clarke in his best ever Test side.
The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.
The Board of Control for Cricket in India's is going to get richer. The structural overhaul of the International Cricket Council is all set to trigger a financial windfall for the already rich body, which is likely to earn an estimated $600 million in the next eight years, BCCI secretary Sanjay Patel revealed.
Charters, Udan flights choking Mumbai airport; MIAL may shift general aviation to Navi Mumbai once the airport is ready
The International Cricket Council confirmed on Thursday having received the nomination of former Pakistan captain Zaheer Abbas for presidency, saying it will now be referred to the world body's Nominations Committee for consideration.
Equity markets will look for directions from global trends, ongoing quarterly earnings and investment patterns of foreign institutional investors (FIIs) in a holiday-shortened week ahead and may encounter volatility amid the scheduled monthly derivatives expiry, according to analysts. Equity markets will remain closed on Wednesday on account of 'Republic Day'. "This week is a holiday-shortened one and it's going to be critical due to the list of events and data that are lined up.
India's CLI has been on the rise since October 2014.
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
'The correction could take two to three months and traders need to be careful.' 'For investors, this could be a good time to nibble in.'
According to the ICC's host agreement signed by the members in 2015, tax exemption is must to host an ICC tournament.
Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.
From the 30-share Sensex pack, 23 scrips declined in Wednesday's session, led by IndusInd Bank, Bajaj Finance, Tata Motors and Tata Steel which fell by up to 3.87 per cent.
'Seek medical help if after five days of the first symptom the fever has not subsided.'
The amount from securitisation has been utilised to repay rupee debt, saving significant interest costs for the company.
The BCCI is exploring the possibility of playing a cricket series against traditional rivals Pakistan at a neutral venue like Dubai or Sharjah in the near future.
Sex education is way too critical as a life skill to be ignored or postponed, writes Tanuja Sodhi.
According to reports, 11 Delhi cricketers paid around Rs 1 crore to two coaches who promised them opportunity to play Ranji Trophy cricket.
Pakistan's former maverick fast bowler Shoaib Akhtar believes that the Pakistan Cricket Board (PCB) could find itself in an embarrassing situation.
In April 2015, the regulator issued a show cause notice to the bank for alleged violation of portfolio managers' norms with respect to one relationship manager.
BSE listed firms' value slips below Rs 100 trillion mark.
'Dharavi will be completely slum free by 2040'
The broader NSE Nifty reclaimed the key 10,000-mark and touched a high of 10,143.50 before finally settling at 10,130.65
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