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.
India's top technology companies will witness a tepid revenue expansion in the third quarter (October - December) of the current financial year (Q3FY24) - along expected lines - on the back of furloughs and no blockbuster deals, even as the momentum gained from Generative AI (GenAI) is likely to take centre stage. IT services and consulting firm Accenture's first quarter numbers in FY24 showed a significant pick up in GenAI spending. It signed new bookings to the tune of $450 million in this space, a surge from the $300 million signed in the whole of FY23.
American qualifier Sachia Vickery completed an astonishing comeback to stun third seed Garbine Muguruza 2-6, 7-5, 6-1 in a second-round win at the BNP Paribas Open in California on Friday.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
Novak Djokovic crushed Britain's Andy Murray 6-2, 6-3 to set up final against Roger Federer.
Serena Williams' decision to end a 14-year boycott of the BNP Paribas Open has been warmly welcomed by her peers with good friend and rival Caroline Wozniacki saying it was "great for tennis".
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.
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.
BSE's fresh shot at cracking the derivatives market is off to a promising start. However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the relaunched Sensex and Bankex derivatives on their platforms. Many brokers maintain that they are working on the back end to enable BSE derivatives on their apps and websites. Some said while volumes are picking up, they are still miniscule compared to bigger rival NSE, which is the most-preferred venue for derivatives trading. Only a few brokers responded to formal queries sent by Business Standard on the issue of allowing BSE derivatives on their platform.
Nick Kyrgios needs to improve his fitness to have a chance of winning Grand Slams, former world number one Jim Courier said on Wednesday.
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.
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.
Becoming the WTA number one in the world is a dream come true'
'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.'
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.
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.
After straightening her hair, it was time for nose piercing for Serena Williams.
The third-seeded pair was defeated by the unseeded Canadian-Chinese duo 6-4, 6-3.
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.
Drop in the number of schemes is less than 3%, despite merger of 38 schemes between Sept 2017 and May this year
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.
IMAGES from the matches played at the PNB Paribas Open at Indian Wells on Wednesday
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.
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 Mukesh Ambani-owned company had complained to Trai about incumbents offering segmented offers to different customers
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.
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.
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".
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.
Dominic Thiem defeated qualifier Facundo Bagnis of Argentina 6-4, 7-5 in the first round of the Plava Laguna Croatia Open Umag
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
Strong Q3 brings Infosys comfort amid macro risks.
With the international markets facing uncertainty after Russia invaded Ukraine and Western nations retaliated with sanctions, Indian companies are putting their international fundraising plans on hold as they wait for the markets to recover. Bankers said apart from the geopolitical crisis, international rates are hardening in anticipation of interest rate hikes by the US Federal Reserve to control rising prices in the US. The Ukraine situation has implications for the market. In such a situation, international investors try to shift to safe haven assets by exiting from emerging markets.
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.
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.
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