The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong american currency and risk-off sentiment among investors. Forex traders said escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite. Further, the strength of the American currency in the overseas market, a negative trend in domestic equities, and risk-off moods amid escalation of geopolitical risk in Ukraine weighed on the local unit.
Cyclist Meenakshi suffered a crash and was run over by one of her opponents during the women's 10km scratch race at the Commonwealth Games in Birmingham on Monday.
The hosts cannot afford to take England lightly, as the visiting team boasts of some of the big names in women's cricket.
Pele's greatest contribution to both soccer and Brazil was to transform his underachieving nation into a footballing superpower.
Rajasthan Royals would be banking on their near-perfect combinations in almost all departments of the game to put up another commanding performance when they take on a strong Punjab Kings.
Three cyclists were taken to hospital after a serious crash during the second heat of the men's scratch race at the 2022 Commonwealth Games in Birmingham on Sunday.
India's first-ever Olympic medallist in women's boxing Mary Kom has been honoured with the Global Indian Icon of the Year award at the annual UK-India Awards in Windsor.
Equity benchmarks nosedived on Friday, with the Sensex crashing 866.65 points to close below the 55,000-mark amid a sell-off in global markets. Unabated foreign fund outflows and firm crude oil prices also weighed on sentiment. The 30-share BSE Sensex dived 866.65 points or 1.56 per cent to finish at 54,835.58.
'The idea of this movie is to trace these journeys and not to blame.' 'We could have talked what happened in 1948. This is what the Israelis did. This is what the Palestinians and Arabs did.' 'We didn't want to go there.'
Federal Reserve's move has thrown financial markets into a spin.
South Africa will seek to exploit any weaknesses England may display when they go into the opening test at Lord's under a new captain and with some injury concerns, the tourists' stand-in skipper Dean Elgar has said.
The stage is set for the inaugural edition of the Women's Premier League, which will get underway in Mumbai on Saturday.
The England coach believes his team has shortcomings in goal and up front.
Legends Brian Lara and Muttiah Muralitharan plotted the course for Sunrisers Hyderabad, while Sri Lankan great Kumar Sangakkara led the way for Rajasthan Royals.
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
Ahead of the 2023 IPL season, let's take a look at the strengths and weaknesses of the Aiden Markram-led Sunrisers Hyderabad.
Joe Lycett said last week he would donate the money to charity if Beckham agreed to cut ties with the World Cup host or he would shred the money before the tournament began.
Ecuador mints commemorative coin to mark World Cup participation.
Probably 35 bps. There could be even an encore in February 2023 to take the policy rate to 6.5% before the financial year ends, predicts Tamal Bandyopadhyay.
Pakistan pacer Haris Rauf is banking on his knowledge gained from the Australian Big Bash League to outsmart Indian batters when the two arch-rivals clash in the T20 World Cup at the Melbourne Cricket Ground on October 23.
As India women cricketer set foot into hitherto uncharted territory, it would be fair to say the auction has gone way beyond expectation for several of them if one compares it with the IPL.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
What does Neal Mohan, anointed the next CEO of YouTube, have in common with Sir Cliff Richard? They are alumni of St Francis' College. Mohan, who will take over the reins of the social media platform, is arguably the second most high-profile personality after the British music icon to be associated with the all-boys institution ensconced in the heart of Lucknow.
SBI, which has been operating in the UK for 95 years, said it is prepared to set aside 100 million pounds in ring-fenced capital and restructure its operations if that is necessary to keep operating on the high streets.
England's Indian-origin cricketer Ravi Bopara was investigated by the International Cricket Council's Anti-Corruption and Security Unit after an inquiry into this year's Bangladesh Premier League.
The bank remains on high alert to intervene if markets freeze.
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.
IMAGES from the English Premier League matches played on Saturday.
Images from Day 5 of the 2023 Wimbledon Championships on Friday.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
While in custody and until the first hearing in his extradition case next week, Modi is likely to be held in a separate cell but may also have to share a cell with other prisoners given the overcrowding pressures.
Overseas markets are already hit by an acute dollar crunch, which is why major central banks, the US Federal Reserve, the European Central Bank and the Bank of England, had to infuse funds into the market. These lines of credit are over and above the stand-by credit, which is usually maintained by foreign banks with the Indian banks.
India skipper Harmanpreet Kaur came much cheaper for Mumbai Indians at nearly half the price of Mandhana at Rs 1.80 crore.
Tata Steel was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tech Mahindra, HCL Tech, IndusInd Bank and Reliance Industries. NSE Nifty fell by 40.70 points to 17,888.95.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
Loans make money for the lender in the initial years but losses come later when they turn bad.
Equity markets will be driven by the outcome of the US Federal Reserve's interest rate decision this week, analysts said. Moreover, equity benchmarks will also continue to be guided by foreign fund movement and trend in Brent crude oil, they added. "The global markets are looking nervous after the US inflation numbers, which have caused the dollar index to hover around 110," said Santosh Meena, head of research, Swastika Investmart Ltd. Now everyone is eyeing the outcome of the upcoming US Federal Open Market Committee (FOMC) meeting.
Software major Tata Consultancy Services on Wednesday reported a 14.8 per cent rise in net income to Rs 11,392 crore for the fourth quarter of last fiscal against Rs 9,959 crore in the year-ago period. The country's largest technology services company by market value said its revenue rose 16.9 per cent to Rs 59,162 crore during the reporting season from Rs 50,591 crore a year ago.
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