From the Sensex pack, JSW Steel, Tata Steel, NTPC and UltraTech Cement emerged as major winners, closing the day with a gain of up to 3.33 per cent. On the other hand, Asian Paints, ITC, L&T and SBI were the laggards, ending the session up to 3.95 per cent lower. Of the 30 Sensex stocks, 14 closed the day in green, while on the 50-stock index Nifty 25 scrips ended with gains.
Several Pakistani cricketers are reportedly unhappy with PCB chief selector Wahab Riaz for delaying the issuance of NOCs to players.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
The Wall Street major Morgan Stanley has upgraded India to "standout overweight" citing that the relative economic and earnings growth is improving and the macro-stability setup looks sufficient to withstand the higher real rate environment. "India remains standout overweight. "We increase our overweight stance on Indian equities and as our most-preferred emerging market," the brokerage said in a note on Friday.
The Asian Games-bound Indian athletes should adhere to the 'No Needle Policy' during the mega-event in Indonesia, the Indian Olympic Association instructed on Wednesday.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
The RBI has already hiked interest rates 12 times since March, 2010, to control inflation, which is currently hovering near the double-digit mark.
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
The aviation minister, Ajit Singh, on Tata-Air Asia joint venture
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
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.
Pakistan PM forms high-level committee to decide on national team's participation in ODI World Cup
The former chairman of the Pakistan Cricket Board, Khalid Mahmood has hit out at the government's decision to form a high-level committee to decide on the national cricket team's participation in the 2023 ODI World Cup in India.
'India needs to be cautious that its differences with Pakistan do not obstruct SCO's functioning,' says Sana Hashmi.
''There is the perennial worry in the Indian mind regarding the US 'hyphenating' India and Pakistan. Frankly, this is a completely nonsensical hypothesis. The US has always 'hyphenated' India and Pakistan and it couldn't have been otherwise,' says Ambassador M K Bhadrakumar.
The ministry is considering as many as 15 options to replace the controversial rule.
'US officials must grapple with the possibility that one of its closest partners attempted an extrajudicial killing on its soil.' 'This is not something that friends typically do to friends.'
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
The experts also said China's military 'misadventure' may have been driven in part by President Xi Jinping's attempt to show 'gains somewhere" after the growing global criticism against his country over the origin of COVID-19.
If Pitroda's blunder cost him his office, what should the BJP's unrepentant attitude cost it?, asks Shyam G Menon.
United States President Barack Obama will visit Asia in April next year, to push closer ties, but India is unlikely to be part of his stopovers given that the country could very well be in the middle of a general election.
United States President Barack Obama will host Japanese Prime Minister Shinzo Abe on Friday in his Oval office - his first with a foreign dignitary in his second term - for bilateral and regional discussions with North Korean nuclear tests and South China sea dominating the proceedings.
Wisely skirting a prospective foreign policy pitfall, US President Barack Obama appointed a special envoy for Afghanistan and Pakistan, shelving the controversial idea of appointing an envoy for South Asia.
Noting India's strategic importance in American efforts to limit the Chinese influence, a former top diplomat on Friday said the United States should include New Delhi in its East Asia policy.
The first summit in South Asia, it will host the largest delegation of 43 heads of State and government as well as the heads of international organisations.
'The 2017 Doklam stand-off in Bhutan, the 2018 Maldives crisis, and the 2020 Nepal Kalapani border dispute shows how Beijing has shot off these countries' shoulders to target India.'
US-educated Vishakha Desai would leave her post on September 1 and join the city-based Guggenheim Foundation, a preeminent institution for the collection, preservation and research of modern and contemporary art, as Senior Advisor for Global Policy and Programmes.
'Having India as a credible deterrent vis-a-vis Chinese ambitions in the Indian Ocean and South Asian region is a desirable short-term outcome.'
The Cairo World Cup will be held in all three disciplines -- pistol, rifle and shotgun -- and will conclude on February 1.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The Summit comes at a time when China is flexing its muscle to tighten its grip over the disputed South China Sea.
Wholesale price inflation remained in the negative territory for the fourth month in a row in July at (-)1.36 per cent, even though prices of food items, especially vegetables, skyrocketed. The inflation, however, has inched up from (-)4.12 per cent recorded in June fuelled by 62.12 per cent rise in vegetable prices. In July last year, wholesale price index (WPI) was 14.07 per cent.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
The recent attack on an Israeli diplomat's car, in what is supposedly the most secure part of New Delhi, has raised questions as to whether India's West Asia policy is sustainable.
India must integrate more with East Asia by getting into regional trade arrangements, lower its tariff walls, and improve the quality of its workforce, suggests T N Ninan.
Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.
Moeed Yusuf, South Asia advisor at the United States Institute of Peace and one of the rising stars among South Asia policy wonks in the country, who has done extensive field research on the youth of Pakistan, has said they are virulently anti-extremist. He said that 67.1 percent of the Pakistani population is below the age of 30 and "So, wherever this particular demographic decides to take Pakistan, is going to be the destiny of this country."
