In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''
His comments evoked sharp criticism following which it was deleted.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
A man has been arrested and charged at the Australian Open for 'courtsiding', a form of gambling that involves placing bets on point outcomes during a match from the side of the court, police said on Wednesday.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
Paris has been working on cleaning up the Seine so that people can swim in it again, as was the case during the 1900 Paris Olympics. But a sewer problem last summer led to the cancellation of a pre-Olympics swimming event.
They turned showstoppers at the Lakme Fashion Week x FDCI.
With the company fighting a battle with then petroleum minister Jaipal Reddy and an aggressive Comptroller and Auditor General, seeking answers for investments made in the KG-D6 gas fields, its share price fell below Rs 700 in the middle of 2012.
Buoyed by Sooryavanshi's success, the Hindi film industry is banking on 25-30 big movies lined up with a collective cost tag of Rs 2,000 crore.
24 hours was all it took for the Congress to overturn its decision to boycott the TV debates on the exit poll results. Sudhir Bisht offers an explanation.
Odds on Romney rose to as high as Rs 20 against every Rupee and fell to as low as five paise on Obama.
Gurunath Meiyappan, son-in-law of BCCI President N Srinivasan and owner of Chennai Super Kings, was arrested here late tonight for his alleged involvment in betting on IPL matches, raising questions over the future of the franchise.
When it comes to electric cars, the electric dream is turning out to be a six-letter word starting with f, ending with y, and having antas in between, notes Suveen Sinha.
Bets of nearly Rs 500 crore have been accepted in the satta bazaar or the illegal betting market over the past two days, with punters riding high on odds that the Congress-led United Progressive Alliance government will survive a confidence or trust vote in Parliament.
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.
However, weakness in RIL and ONGC dragged Nifty below 6,500.
'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
The exact case in connection with which the searches were being conducted was not yet known.
The Reserve Bank of India's (RBI's) job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das. RBI's rate setting panel, Monetary Policy Committee (MPC), had met for three days from February 6-8. The panel decided to leave the key policy rate unchanged at 6.5 per cent for the sixth time in row.
Facing protests from a section of the Rajput community over Union Minister Parshottam Rupala's remarks, the Bharatiya Janata Party in Rajasthan's Chittorgarh -- a Rajput-dominated seat -- is hoping that the 'Modi factor' and the development work undertaken by his government will help it retain the Lok Sabha constituency.
As 'spot-fixing' charges haunt Pakistani cricketers, Indian sleuths probing alleged tax evasion in the multi-million IPL are now tracking trail of crores of rupees being pumped into betting syndicates in the country.
'Success is in the hands of the audience. I learn from what they like or dislike, and take the next step further.'
Acharya said the state government had done its best to convince the IPL authorities about the security arrangements, but they have shifted the venue "for their own reasons".
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
'The war has been on for four weeks; the bombings are still on. I can hear it in my house.'
Swift gains on Dalal Street this year have also led to a sharp surge in shares of equity market intermediaries like depositories, exchanges, and registrar and transfer Agents (RTAs). The stock prices of BSE, CDSL, CAMS, and KFin Technologies are up 24-283 per cent so far in 2023 when compared to a 9 per cent rise in the benchmark Nifty index. With the market buoyancy expected to keep up the pace, analysts believe these stocks are a good long-term bet despite the sharp rally, which can trigger an intermittent correction.
However, foreign investors have completely shunned the infrastructure sector.
Italian tennis player Stefano Galvani defended his compatriots caught in the betting scandal, saying that the ATP was only making an example out of them.
The raid was made collectively by the crime branch and police on the tip-off received by the Board of Control for Cricket in India (BCCI) vigilance.
For the upcoming World Cup in India, Maxwel bets on Mitchell Marsh to stand out for the Aussies.
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.
Police caught red-handed four members of a gang, who were allegedly placing bets on IPL matches, during a raid at a marriage palace at Gill road.
The Mumbai police on Saturday chargesheeted Chennai Super Kings's former team principal Gurunath Meiyappan in the betting scandal that rocked the sixth edition of the Indian Premier League earlier this year.
Pope, one of the heroes for England in Hyderabad, feels that a wicket offering good turn will provide them with wicket-taking options.
BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.
After acquiring brands such as Yardley from Procter & Gamble and Finesse and AquaNet from Unilever, Lornamead , the UK-based personal care products company, betting big on India.
No 'triple bagel' but Djokovic thumps Mannarino to reach quarters
'Modi is trying avenues to convince people why they should vote for the BJP.'
Inbound M&A into India totals $9.86 billion this year, the highest in Asia.
The domestic equity markets are expected to extend gains following the strong showing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections - a crucial precursor to the general elections in May. The BJP decisively secured victories in three of the four key states - Madhya Pradesh, Rajasthan, and Chhattisgarh. While the battles in these three states were closely contested, the scale of the BJP's triumph has surprised many, heightening expectations for regime continuity in 2024 - a positive catalyst for the markets.
