World number two Novak Djokovic has withdrawn from the BNP Paribas Open in Indian Wells, the tournament announced on Wednesday, in the latest setback for the player due to his refusal to take the COVID-19 vaccine.
Fourth seed Andy Murray erased memories of early losses at Indian Wells by storming into the BNP Paribas Open third round with a ruthless 6-1, 6-3 victory over Canadian Vasek Pospisil on Saturday.
The rating outlook change is relevant now, as the US Federal Reserve is set to end its monthly bond-buying programme in October.
Players will be banned from handing their towels to ball-kids at next week's BNP Paribas Open in Indian Wells in an effort to prevent the spread of the coronavirus, organisers said on Friday.
Among the Sensex firms, Tech Mahindra, Tata Motors, Bharti Airtel, Wipro, Bajaj Finserv, HCL Technologies, Bajaj Finance, Larsen & Toubro, Mahindra & Mahindra and UltraTech Cement were the biggest laggards. IndusInd Bank, Power Grid, HDFC Bank, ICICI Bank, NTPC, Reliance Industries, HDFC and Tata Steel were the prominent winners.
Victory over Medvedev meant Alcaraz became the youngest man to win the Indian Wells and Miami Open titles, a feat dubbed the 'Sunshine Double'.
The rupee fell by 41 paise to close at a fresh lifetime low of 79.36 (provisional) against the US dollar on Tuesday amid a strong greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a low of 79.38. It finally settled at 79.36 (provisional), down 41 paise over its previous close.
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Christopher Wood, global head of equity strategy at Jefferies has rejigged his equity portfolios. In his Asia ex-Japan long-only portfolio, he has added Axis Bank (5 per cent weightage) and increased holding in Larsen & Toubro (L&T) by one percentage point. This, Wood said, will be paid for by removing the investment in ICICI Lombard General Insurance and reducing the investments in HDFC Bank and Reliance Industries (RIL) by one percentage point each.
Roger Federer continued his sizzling form on Saturday to set up an all-Swiss final against Stan Wawrinka at the BNP Paribas Open in California.
Nick Kyrgios needs to improve his fitness to have a chance of winning Grand Slams, former world number one Jim Courier said on Wednesday.
Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the BSE. Adani Enterprises fell almost 20 per cent to below the offer price of its secondary sale as all the seven listed companies of the conglomerate took a beating in the aftermath of Hindenberg Reserach alleged that the group was "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
Given the strong growth in Asia and easy monetary stance taken by central banks other than the US Federal Reserve (US Fed), overseas investors will soon start re-investing in risky assets, says Abhiram Eleswarapu, head of equity research, BNP Paribas Securities India.
Fourth seed Andy Murray, with a consummate display of power and touch in tricky conditions, reached the BNP Paribas Open semi-finals with a landmark 6-3, 6-4 win over Spaniard Felicano Lopez on Thursday.
The French Open is the only Grand Slam title to have eluded Novak Djokovic and the steely-eyed Serb has adopted a philosophy of reverse psychology in a bid to claim the coveted crown.
Becoming the WTA number one in the world is a dream come true'
After straightening her hair, it was time for nose piercing for Serena Williams.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
Sixteen merchant banks are in the fray to act as book running lead managers (BRLM) for the initial public offering of Life Insurance Corporation of India (LIC). These merchant banks will have to make a presentation before the Department of Investment and Public Asset Management (DIPAM) on August 24-25. The shortlisted banks are BNP Paribas, Citigroup Global Markets India, BofA Securities, Goldman Sachs (India) Securities, HSBC Securities and Capital Markets(India), J.P. Morgan India, Nomura Financial Advisory and Securities (India), Axis Capital, DAM Capital Advisors, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Kotak Mahindra Capital, SBI Capital Market, and Yes Securities India.
The third-seeded pair was defeated by the unseeded Canadian-Chinese duo 6-4, 6-3.
Hopes that Serena Williams would end a 13-year boycott of the BNP Paribas Open at Indian Wells were dashed on Friday when the World No 1 said she would not be competing in the event "after careful consideration".
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
Drop in the number of schemes is less than 3%, despite merger of 38 schemes between Sept 2017 and May this year
IMAGES from the matches played at the PNB Paribas Open at Indian Wells on Wednesday
A rejuvenated Roger Federer beat fellow Swiss Stan Wawrinka 6-4, 7-5 in the BNP Paribas Open final on Sunday to earn a record-tying fifth Indian Wells title and the distinction of being the tournament's oldest winner.
Jack Sock celebrated a pair of firsts on Friday by powering past fourth seed Kei Nishikori 6-3, 2-6, 6-2 to book a date with Roger Federer in the semi-finals of the BNP Paribas Open in Indian Wells, California.
The top 100 companies have accounted for 63% of the gains (Rs 51 trillion out of Rs 81 trillion), while firms beyond the top 100 have contributed 37 per cent (Rs 30 trillion).
The Mukesh Ambani-owned company had complained to Trai about incumbents offering segmented offers to different customers
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.
Under the lights on the stadium court, Williams smashed 39 winners to defeat Azarenka 7-5, 6-3 in a rematch of the 2016 final, which the Belarusian won.
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.
Serbia's Ana Ivanovic just missed out on a place in the semi-finals of the season-ending WTA Finals despite beating Simona Halep in the final group match on Friday.
Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 per cent, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank. NSE Nifty sank 229.55 points to 14,637.80.
Defending champion and top seed Novak Djokovic moved a step closer to a fifth title at Indian Wells with a 7-6(5), 6-2 victory over long-time rival Rafael Nadal in the semi-finals of the BNP Paribas Open in California on Saturday.
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, "there is still some time for the industry to be firing on all cylinders." Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
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.
World number two Novak Djokovic hammered Swiss Stanislas Wawrinka 6-1, 6-4 to reach the Paris Masters semi-finals on Friday.
World No 3 Maria Sharapova withdrew on Monday from the end-of-season WTA Championship in Istanbul due to the shoulder injury that also kept her out of the US Open.
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.
