Financial services major BNP Paribas on Wednesday cut India's GDP growth forecast for the current fiscal to 3.7 per cent from 5.7 per cent earlier, saying the country's 'macro muddle' is fast approaching crisis proportions.
'The market's sharp decline recently has shaken the confidence of retail investors, leading to increased selling.'
Novak Djokovic was shocked by Botic van de Zandschulp 6-2, 3-6, 6-1 in the second round of Indian Wells on Saturday as the Serbian suffered an early exit at the hands of a tournament lucky loser for a second consecutive year.
A special Bangladeshi tribunal on Wednesday sentenced opposition Bangladesh Nationalist Party's 83-year-old leader Abdul Alim to jail until death for committing large-scale killings and other war crimes during the 1971 Liberation War against Pakistan.
BNP Paribas is planning to set up a company that will provide discretionary portfolio management services, even as it plans to expand its private banking business in India by adding real estate and art investment advisory services.
Carlos Alcaraz kept his Indian Wells 'three-peat' campaign on track with a straight sets win against Canadian Denis Shapovalov in the third round.
The recovery in the emerging markets can be attributed to the fiscal measures taken by their respective governments, which would help them to post positive growth next year, the report said. Amid this global recession, the longest and deepest since the Second World War, the world economy is expected to contract 1.3 per cent and advanced economies would see a contraction of as much as 3.8 per cent.
'It was the hostility of the Yunus regime that made India careful and wary of dealing with them.' 'They gradually backed off and lowered the noise, but the damage was done.' 'Their true colours had been exposed.'
Nobel laureate Prof Muhammad Yunus-led interim government in Bangladesh will take oath on Thursday, Army Chief General Waker-Uz-Zaman said.
Protesters in Bangladesh have attacked and torched houses of leaders of Sheikh Hasina's Awami League across the country, while murals of the country's founder Sheikh Mujibur Rahman were demolished and defaced in nearly two dozen districts. The unrest sparked after a live online address of Hasina, who is living in India following a massive student-led protest that toppled her Awami League's 16-year regime. The protesters have also called for scrapping the 1972 Constitution and changing the national anthem.
The Bangladesh Supreme Court has stayed a High Court verdict that declared 'Joy Bangla' as the country's national slogan, effectively reversing the decision. The government, which had moved to suspend the High Court's ruling, argued that the national slogan is a matter of policy and not subject to judicial interference. This decision comes amid political turmoil in the country, with the recent change of government and a focus on revising national symbols and holidays.
Taking a dig at a section of Bangladeshi politicians, who said the country has legitimate claims over Bengal, Bihar and Odisha, West Bengal Chief Minister Mamata Banerjee on Monday wondered whether Indians 'would have lollipop' when external forces would try to occupy Indian lands.
After a strong show during the September quarter (Q2FY25) and favourable demand conditions, going ahead, the country's largest player in the room air conditioner segment, Voltas is well placed to improve its market share. Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand share in the room AC segment.
The move will help BNP Paribas expand its operations in India.
Deposing before the special court on Tuesday, Sabesan said the CBI had given the bank a set of documents that it seized during its investigation into the Satyam scam and asked it to ascertain if they were issued by the bank.
The stocks of diagnostic service providers have been standout performers within the healthcare sector over the past year, posting returns between 16 and 80 per cent. In comparison, the Nifty 50 saw returns of 8 per cent. Stable pricing, expectations of gradual volume growth, and market share expansion for the larger players have stoked increased optimism for listed companies.
Bangladesh's interim government on Sunday said it will seek Interpol's assistance in repatriating deposed prime minister Sheikh Hasina from India, and other 'fugitives', to face trial for alleged crimes against humanity.
The main Opposition BNP of former premier Khaleda Zia, 78, who is under house arrest, is boycotting the elections amidst violence.
After a strong run in the midcap and smallcap indices, which surged 46 per cent and 43 per cent, respectively, on the National Stock Exchange (NSE) during Samvat 2080, analysts suggest that the rally in these segments may pause to catch its breath in Samvat 2081.
'India is using Hasina to warn the Yunus government because there is a ground support for the Awami League in Bangladesh.'
'For those seeking regular income, these funds provide a steady stream of income through dividends.'
Bangladesh's main opposition Bangladesh Nationalist Party's three top women leaders were arrested on the second day of the 'democracy march' on Monday, as clashes erupted inside the supreme court premises between pro- and anti-government lawyers.
Sumit Nagal got the big break as he was the highest ranked player in that draw.
Australian Open champion and top seed Victoria Azarenka recovered from a sluggish start to beat Slovakia's Daniela Hantuchova 6-4, 6-1 in the second round of the BNP Paribas Open on Saturday.
A lawyer was killed on Tuesday during clashes between the security personnel and followers of a Hindu community leader, who was denied bail and sent to jail by a court in the port city of Chattogram in Bangladesh, police said.
Barclays and BNP Paribas are considering the acquisition of Lehman Brothers' investment banking and brokerage businesses in India.
Bangladesh's interim government on Wednesday said it is 'consulting all stakeholders' to decide the fate of President Mohammed Shahabuddin, as authorities beefed up security around his residence in the wake of protests demanding his removal over comments that raised questions on prime minister Sheikh Hasina's resignation.
Hindu community leaders in Bangladesh are advocating the formation of a dedicated political party, reflecting a call for political representation to protect their rights and ensure their safety. Hindu leaders from the Bangladesh Hindu Buddhist Christian Unity Council (BHBCOP) and other groups are now discussing the possibility of establishing a separate political party or demanding reserved parliamentary seats.
With former prime minister Khaleda Zia in detention over graft charges, her Bangladesh Nationalist Party has made a dramatic change in the top leadership by appointing former finance minister Saifur Rahman as the party's acting chairman.
'In the interim, India will be confronted with anti-India feeling because Sheikh Hasina had India's support.' 'We will have to deal with it, but it will not be a permanent phenomenon.' 'There is substantial goodwill towards India which will stand us in good stead.'
Sania Mirza and her Zimbabwean partner Cara Black lost to top seeds Hsieh Su-Wei of Taiwan and Peng Shuai of China in straight sets in the women's doubles final of the BNP Paribas Open, a Premier WTA tournament, at Indian Wells.
Cortal Consors, an arm of BNP Paribas, is planning to foray into the wealth management services market in India, targeting the high-networth investors, whose incomes range from Rs 10 lakh to Rs 1 crore (Rs 10 million).
Bangladesh Prime Minister Sheikh Hasina on Sunday secured a record fourth straight term as her Awami League party won two-thirds of the seats in the general elections marred by sporadic violence and a boycott by the main opposition BNP and its allies.
A Bangladeshi court on Tuesday denied bail to prominent Hindu leader Chinmoy Krishna Das Brahmachari, arrested on alleged 'sedition' charges, and sent him to prison, amid protests by community members in the capital Dhaka and the port city of Chattogram.
The veteran diplomat said Hasina has stayed in India before after the assassination of her father and Bangladesh independence hero Sheikh Mujibur Rahman who later became the country's prime minister. Rahman was assassinated in August 1975.
Bangladeshis on Sunday began voting in the general elections expected to be won by Prime Minister Sheikh Hasina in the absence of the main Opposition Bangladesh Nationalist Party (BNP) which is boycotting it.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
President Mohammed Shahabuddin said he did not have any documentary evidence of Hasina resigning as prime minister before she fled the country on August 5 amidst student-led mass protests.
