More than 50 per cent of SIP accounts come from semi-urban and rural areas.
So far this calender year, the 30-share benchmark index Sensex has moved up by around 16 per cent in rupee terms and 11 per cent in US dollar terms.
Sheikh Hasina, who quit as prime minister and fled Bangladesh, will be back in the country as soon as democracy is restored, his son Sajeeb Wazed Joy said on Thursday and blamed Pakistan's intelligence agency, ISI, for fuelling the ongoing unrest in the country.
Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results. The Nifty IT closed 3.26 per cent down, as major IT services companies' stock value fell. Tata Consultancy Services (TCS), India's largest IT services firm, saw its stock price fall 4 per cent during intraday trading.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
'Given the inherent volatility, investors should take at least a three to five-year view.'
'The dominance of her party also meant that the institutions became lopsided -- whether it was the bureaucracy or the courts or the military.' 'She centralised power to the extent that you would see her representatives or her party office bearers having overly represented in these institutions.' 'That perhaps would have been the biggest blunder that she committed.'
At least four people, including two children, were killed and many injured in Dhaka on Friday when suspected arsonists set on fire a passenger train coming from Benapole, a port city bordering India, officials said, a day ahead of Bangladesh's general elections that have been boycotted by the main opposition Bangladesh Nationalist Party (BNP).
BJP leader and India Foundation founder Shaurya Doval said there may be certain perceptions that need to be set right initially as India "went long on relations with Sheikh Hasina".
The clashes broke out this morning when protesters attending a non-cooperation programme to demand the government's resignation faced opposition from the supporters of the Awami League, Chhatra League, and Jubo League activists.
French bank BNP Paribas' wealth management arm said it expects the economy to expand by 4.3 per cent this fiscal and the growth to pick up and touch 5.1 per cent in FY15.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
'My father died in the liberation struggle. Bangladesh is our Motherland. This is home,' says Monindra Kumar Nath, a Hindu who has lived his 74 years in Dhaka.
According to the financial services major, the recent decline in inflation, driven largely by food prices, gives the RBI room to pause monetary tightening.
A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.
"I'm taking all responsibility (of the country). Please cooperate," he said in a televised address amid reports that Hasina has left the country.
The first voice by the new government clearly indicates growth and fiscal consolidation and that tells we are in a bull run for a long time.
Chief Adviser to Bangladesh's interim government, Muhammad Yunus, has said the issue of attacks on minority Hindus in his country is 'exaggerated' and questioned the manner in which India projected it.
BNP Paribas Securities sees the benchmark Sensex touching 22,000 mark in 2014, even as it cautioned over the earnings estimates in medium term.
'Religion and extremism is going to be a big force, a very important force, in Bangladesh's politics.'
Muhammad Yunus, the head of Bangladesh's interim government, has said that former prime minister Sheikh Hasina making political remarks from India is an 'unfriendly gesture', asserting that she must remain silent to prevent the discomfort to both countries until Dhaka requests her extradition.
Sumit Nagal was handed a straight-set defeat by Canada's Milos Raonic in the opening round of the BNP Paribas Open.
The bias for the BSE benchmark index, technical charts suggest, is likely to remain bullish as long as the index holds above 75,600 levels for the rest of the year.
Pakistan's restive Balochistan province has come to a standstill and has been facing unrest with several political and nationalist parties launching an indefinite blockade of all national highways from Wednesday against alleged rigging of the election results.
The chaos and fear created by the deadly protests remained. Gangs of criminals have been looting and robbing homes in the absence of law enforcers over the last two days.
'She delivers on promises, especially on security issues which is a core concern for India.'
Videos on social media showed protesters climbing a statue of Hasina's father Sheikh Mujibur Rahman, a 1971 Liberation War hero, in Dhaka and smashing it with hammers.
Businesses have resumed but it's not business as usual in the capital city of Bangladesh.
The application accuses Hasina and others of orchestrating a violent crackdown on student protestors, resulting in widespread casualties and human rights violations.
'Those betting against PSUs will likely be punished in this upswing.'
New Delhi -- which has had a disastrous neighbourhood policy that has alienated almost all the States with which it has a land or sea border -- seemed to be unwilling over the past years to even consider that its unquestioning support of Sheikh Hasina was painting it into a corner, points out Mihir S Sharma.
Swiatek, the 2022 champion, made her intentions clear early on with an aggressive start to claim a break for a 2-1 lead. She pulled further away when Kostyuk hit a double fault two games later, wrapping up the opening set in 31 minutes.
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
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.
Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.
Sheikh Hasina was on Thursday sworn in as the prime minister of Bangladesh for the fifth term, days after her Awami League won an overwhelming majority in the general elections boycotted by the main opposition Bangladesh Nationalist Party (BNP) and its allies.
As news of Hasina's departure spread, hundreds broke into Hasina's residence, vandalising and looting the interiors, providing dramatic expression to the anti-government protests that have killed more than 100 people in the last two days. At the centre of people anger is the Hasina government's controversial quota system reserving 30 per cent jobs for families of veterans who fought the 1971 liberation war. With volatile crowds taking to the streets -- some clambering on Hasina's father and Bangladesh founder Sheikh Mujibur Rahman's statue and smashing it with hammers in a lasting image underscoring the fickleness of history -- Army chief General Waqar-uz-Zaman announced that the 76-year-old prime minister has resigned.
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IT services major LTIMindtree reported a net profit of Rs 1,100 crore for the fourth quarter of financial year 2023-24 (FY24), down 1.2 per cent year-on-year (Y-o-Y) from Rs 1,141 crore in the same quarter last financial year. Revenue grew 2.3 per cent Y-o-Y for the fourth quarter to Rs 8,892.9 crore. Sequentially, revenue was down 1.4 per cent.
