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.
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.
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.
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.
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).
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.
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.
Sumit Nagal was handed a straight-set defeat by Canada's Milos Raonic in the opening round of the BNP Paribas Open.
'Those betting against PSUs will likely be punished in this upswing.'
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.
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.
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.
'She delivers on promises, especially on security issues which is a core concern for India.'
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.
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.
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.
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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.
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
According to the financial services major, the recent decline in inflation, driven largely by food prices, gives the RBI room to pause monetary tightening.
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 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.
'At this moment you cannot give her asylum because if you do, then you are directing public anger against India.'
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.
Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.
BNP Paribas Securities sees the benchmark Sensex touching 22,000 mark in 2014, even as it cautioned over the earnings estimates in medium term.
'.. if you do not want to take the asset allocation call.'' 'This category of funds can offer optimum risk-adjusted returns.'
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.
Carlos Alcaraz swatted aside a swarm of bees and world number six Alexander Zverev to reach the semi-finals at Indian Wells.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.
Adani Green Energy (AGEL) on Tuesday announced it has secured a funding of $1.36 billion from a consortium of international banks as part of its construction financing framework. The $1.36-billion senior debt facility will enhance the company's funding pool to $3 billion since initial project financing in March 2021, AGEL said in a statement. According to the statement, AGEL, India's largest and world's leading renewable energy player, announced a follow-on funding of $1.36 billion to further boost its construction financing framework to $3 billion backed by a consortium of renowned international banks.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
Rohan Bopanna and his Australian partner Matthew Ebden lost to Russian pair of Andrey Rublev and Karen Khachanov.
India on Thursday described as 'matter of serious concern' reports that said some members of the Indian community in Canadian province of British Columbia received 'extortion calls'.
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