Smaller players manufacturing electric two-wheelers (E2Ws) are unlikely to raise prices of their models initially in 2024 in order to ensure volumes do not drop. The prices of E2Ws range from Rs 90,000 to Rs 1 lakh, the players being Lohia Auto, Godawari Electric, Emobi, etc. As India's E2W sector gears up to go past one million in 2024, manufacturers are likely to maintain price stability, underpinned by strategic independence from subsidies under Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles II (FAME II), localisation efforts, sustainability initiatives, and a focus on affordability.
Only the top 5 per cent profit makers account for 75 per cent of profits.
Illegal betting is as big a threat to the integrity of sports as doping and could one day hit the Olympics, International Olympic Committee president Jacques Rogge said on Thursday.
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The information and technology (IT) sector, which has been going through a rough patch lately, was among the top draws for equity mutual funds (MFs) in July. MF schemes together invested a net of Rs 1,800 crores in IT stocks last month after pulling out around Rs 700 crore from the sector in June, according to a report by ICICI Securities.
Two Italian players, including the country's number one Potito Starace, have been banned by the ATP for betting on tennis matches, the Italian Tennis Federation (FIT) said on Saturday.
The Russian was embroiled in a betting controversy after he retired from his match against Vasallo Arguello in Sopot last week.
Tennis accounted for nearly three quarters of all the suspicious betting alerts issued last year, the European Sport Security Association (ESSA) said in a report published on Thursday.
Describing India as a 'grey market' for gambling in cricket, former International Cricket Council chief Ehsan Mani urged the International Cricket Council to ask the Indian government to legalise betting.
Sunil Gavaskar has hit out at Gurunath Meiyyapan, son-in-law of ICC President N Srinivasan, over his involvement in betting and also questioned the Tamil Nadu strongman's silence in the whole spot-fixing and betting issue.
In 2018, the AIFF officially said that it was investigating match-fixing approaches made to players from the Minerva Punjab Football Club during the I-League.
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Cheteshwar Pujara, Ajinkya Rahane along with the uncapped duo of Rajat Patidar and Sarfaraz Khan are in the running for a place in the Indian Test team.
Home healthcare remains a niche segment in India even today. Nightingale provides services, starting from family physicians, short- and long-term nursing care, post-hospitalisation care and physiotherapy to stroke rehabilitation, respiratory care, bedside caregivers and attendants, intensive care at home, lab tests and speech therapy.
The Enforcement Directorate (ED) on Friday arrested a suspected Delhi-based bookie after launching searches in multiple cities.
Domestic investors have been increasingly investing in overseas stocks in a bid to diversify their portfolio. US stocks are the favourite for individual investors, though they have been increasingly looking at Chinese equities given the relatively attractive valuations. However, the regulatory crackdown in China and the latest concerns around Evergrande default have resulted in sub-par returns for investors. Edelweiss Greater China Equity Off-shore Fund and Axis Greater China Equity Fund of Fund are down 11 per cent in the past three months, the data from Value Research shows.
Among major Sensex movers, ITC rose the most by 1.70 per cent, Wipro by 1.43 per cent, Tech Mahindra by 1.36 per cent and Nestle India by 1.27 per cent. Other gainers included HCL Tech, Asian Paints and Reliance. On the other hand, ICICI Bank, NTPC, UltraTech Cement and Tata Steel traded with a loss of up to 0.82 per cent.
The Indian financial services space seems to be in a sweet spot as foreign investors have made a net investment of Rs 14,205 crore ($2.1 billion) in the sector in November amid strong credit growth and manageable non-performing loan portfolio. The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking. Overall, foreign portfolio investors (FPIs) have made a net investment of Rs 36,238 crore in the country's equity markets in November.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
Archer was released by the franchise last week. His name doesn't figure in the list of players who have registered for the IPL auction, set to be held on December 19 in Dubai.
'Where betting is legalised it is heavily regulated and they work in close conjunction with us, so it does assist us' 'Sometimes these corruptors are like paedophiles and what I mean by that analogy is that they are prepared to spend a long time particularly grooming young players'
The pandemic has confined students across all ages to home and digital education is the only way to continue learning.
The Israel Air Force fighter jets under joint intelligence guidance with the Shin Bet, killed one of the senior members of the Hamas terrorist organisation, Iman Nofal, according to Israel Air Force.
ICC's Anti-Corruption chief Lord Paul Condon said players are still susceptible to accepting bribes to under-perform during a particular phase of a match.
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
Spanish second division clubs Las Palmas and Rayo Vallecano, and seven professional players are to be investigated in a probe into betting on matches, Las Palmas said on their website.
Prime Minister Narendra Modi on Wednesday said in his third tenure as PM, he will take the country among the top three economies in the world.
The Crime Branch of Chandigarh Police on Sunday said that it had cracked a major cricket-betting racket and arrested four bookies in the city.
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The Asian Games organisers' last minute decision to allow only one set of competitors in mixed team shooting events might have robbed India a medal.
In India's fifth year of deficit-fuelled poor-quality growth, an investment recovery will still be distant.
The market capitalisation of Adani Group companies rose by nearly Rs 73,000 crore on Monday as investors lapped up shares of the power-to-port conglomerate after BJP's electoral wins in three states, spurring hopes of regime continuity at the Centre. The Gautam Adani group's market map once again neared the Rs 12-trillion mark, following sharp gains made over the past week. "Two big overhangs for the Adani Group have receded somewhat following the state election results, there is more certainty that the BJP will win a third time next year.
Betting industry representatives will meet organisers of the London Olympics on Tuesday to discuss ways to prevent illegal gambling which some officials regard as a bigger threat to the integrity of the Games than doping.
Bookies are betting big this election. In Andhra Pradesh, the stakes have touched nearly Rs 10,000 crore over who would form the government in Telangana and Andhra Pradesh (Seema-Andhra).
Some experts feel that Israel got so totally engrossed in countering Iran and in efforts to foil the Islamic Republic's nuclear programme that it has neglected its own backyard.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
England Under-21 winger Andros Townsend has withdrawn from the squad for June's European Championship in Israel after being charged by the FA with alleged betting offences.
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