Drop in the number of schemes is less than 3%, despite merger of 38 schemes between Sept 2017 and May this year
A defiant Rafael Nadal won an all-Spanish clash of the generations taming teenager Carlos Alcaraz 6-4, 4-6, 6-3 to stretch his winning run to 20 matches on Saturday and clinch a place in the Indian Wells final. He will take on American Taylor Fritz in Sunday's championship in the California desert where a victory would see the 35-year-old equal Novak Djokovic's record of 37 ATP Masters 1000 titles.
The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants.
Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley.
Defending champion Serena Williams reached the semi-finals of the Western & Southern tournament in Cincinnati but not before having her mettle tested in a 3-6, 6-4, 6-2 win over sixth-seeded Serb Ana Ivanovic on Friday.
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
Novak Djokovic boosted his chances of finishing the season as world number one when he became the first player to retain his Paris Masters title with a 6-2, 6-3 win over big-serving Canadian Milos Raonic in the final on Sunday.
Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of Australia have scaled down their operations in India. In a mega-deal announcement on Wednesday, Axis Bank and Citibank said their boards have approved acquisition of Citibank's consumer businesses in India by Axis Bank.
Gauff survives scare, Osaka advances
Three women in the field have topped the world rankings this season, incumbent Simona Halep and her predecessors Garbine Muguruza and Karolina Pliskova, but none of them have been able to kick on and cement their place as the tour's dominant player.
The rupee rose by 12 paise to close at 79.78 against the US dollar on Monday due to a weak dollar in overseas markets and an improved appetite for riskier assets. Stronger regional currencies also supported the rupee sentiment ahead of the US Fed policy decision on Wednesday. Weak domestic equities and FII outflows, however, capped sharp gains. At the inter-bank forex market, the local unit opened at 79.86 against the greenback and moved in a range of 79.70 to 79.87 in the day trade.
The Canadian's win sets up a semi-final clash with Del Potro on Saturday that will pit power against power.
World number one Novak Djokovic on Wednesday dismissed any suggestion of friction with Roger Federer and Rafa Nadal as tennis politics spilled over to the Miami Open.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Dominic Thiem defeated qualifier Facundo Bagnis of Argentina 6-4, 7-5 in the first round of the Plava Laguna Croatia Open Umag
Angelique Kerber showed more passion in the media centre than on the court when she crashed out of last year's WTA Finals, the German angered by the format and frustrated by her inability to win the set off an eliminated opponent she needed to advance.
Juan Martin del Potro could barely believe he had finally won a Masters 1000 series title at the 51st attempt at Indian Wells on Sunday but is determined to keep the trophies coming in his late career renaissance.
Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.
Former world number one Maria Sharapova lost her second consecutive first round match with a 6-4, 6-4 defeat to Japan's Naomi Osaka at the BNP Paribas Open in California on Wednesday.
The rupee on Tuesday recovered from its all-time intra day low of 77.79 to close higher by 7 paise on a stellar rally in domestic stock markets. After opening lower at 77.67, the local unit plunged further to its all-time intra-day low of 77.79 due to a spike in crude oil prices and disappointing macroeconomic data. However, a strong rally in domestic equities helped the rupee rebound and close at 77.48 (provisional), showing net gains of 7 paise over the last close of 77.55. The forex market was closed on Monday on account of Buddha Purnima.
Polish fifth seed Agnieszka Radwanska was the highest women's casualty at the Miami Open on Saturday, blown away for the second time this year by Croatian Mirjana Lucic-Baroni.
Rediff.com gives you a quick flashback, in pictures of the month gone by...
Maria Sharapova is renowned for her sheer determination in the face of adversity but in Singapore on Saturday, the Russian was quick to cast doubt over her chances of winning the WTA Finals after an injury-ravaged second half of the season.
A tenacious Roberto Bautista Agut battled back to beat world number one Novak Djokovic 1-6, 7-5, 6-3 and advance to the quarter-finals of the Miami Open on Tuesday as the Spaniard claimed his second win over the Serb this year.
Summary of sports events and persons who made news on Tuesday
Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Mumbai-based Axis Bank completed acquisition of Citigroup's consumer business for Rs 11,603 crore. Under the deal, Axis acquired consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans.
Former world number one Victoria Azarenka took advantage of an error-prone display by Serena Williams to win her second BNP Paribas Open title with a 6-4, 6-4 victory in the final at Indian Wells in California.
Chris Evert said on Monday she was stunned to hear that Maria Sharapova failed a doping test, but not by the fact that there is doping in tennis, claiming that she knew players who doped during her career.
The Australian Open champion never faced a break point and used her hard and accurate serve to dispatch Gauff.
World No 1 Novak Djokovic fought off a determined challenge from Swiss great Roger Federer on Sunday to claim back-to-back titles at Indian Wells and celebrate his 50th tournament win on the ATP Tour.
Serena had said on Monday that she "can't wait for the future" as she warmed up for her return to the WTA Tour at the Tie Break Tens exhibition at Madison Square Garden.
Stanislas Wawrinka breezed into the fourth round of the BNP Paribas Open on Monday and saw another seed removed from his path to the final when lucky loser Yoshihito Nishioka of Japan turned his match against Tomas Berdych upside down.
The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency following a recovery in the domestic stocks and weakness in the greenback in overseas markets. The US dollar retreated from the two-decade high levels against a basket of six currencies which supported the rupee sentiment. At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82 and a low of 79.96 against the US dollar in the day trade. ,
The Spaniard leads 23-15 on a head-to-head basis but the Swiss has won the last five encounters.
The rupee depreciated 39 paise to an all-time low of 82.69 against the US dollar in early trade on Monday as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and firm American currency sapped investor appetite, forex traders said. At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.
'Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.'
'If I was a lady player, I'd go down every night on my knees and thank God that Roger Federer and Rafael Nadal were born.'
World number one Roger Federer survived a scare from unseeded Borna Coric to beat him 5-7, 6-4, 6-4 in the BNP Paribas Open on Saturday and set up a final showdown with Juan Martin del Potro who cruised to a 6-2, 6-3 win over Milos Raonic.
Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani group across cement, media and ports dominated the headlines with the conglomerate making its foray into the cement sector by buying Swiss materials firm Holcim's stake in Ambuja Cements for $6.5 billion. The Adani family's additional $4-billion open offer for Ambuja did not get a response because shareholders preferred to stay invested with the new owner.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
