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.
England's death bowling prowess played a crucial role in their progress to the World Twenty20 final and could be a potent weapon against the big-hitting West Indies batsmen at Eden Gardens on Sunday. While England have eked out victories in their last two matches by being miserly in the final overs, West Indies have largely banked on their powerful batsmen to chase down targets in the tournament. Ben Stokes and Chris Jordan defended 22 runs in the final two overs as England beat Sri Lanka by 10 runs while the fast bowling duo gave away just 20 in the last four in the semi-final against New Zealand. England captain Eoin Morgan said that gave his side extra confidence going into the title clash against the hard-hitting Caribbean team. "It's a small ground here given that it could be a good wicket, that's going to be a key area for us," Morgan told reporters on Saturday.
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 veteran opener remains a dangerous batsman capable of single-handedly destroying any bowling attack with his trademark power-hitting which makes him one of the sought-after players in Twenty20 leagues across the cricketing world.
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.
JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley, as well as Britain's Asia-focused Standard Chartered said they would try to support London's financial sector
'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.'
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.
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.
Bajaj Finance was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Finserv, Reliance Industries, M&M, Nestle India and SBI. On the other hand, Axis Bank, Tech Mahindra, PowerGrid and Maruti were among the gainers.
Southampton striker Rickie Lambert will lead England's attack in the World Cup qualifier against Moldova on Friday after Daniel Sturridge was ruled out through injury.
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.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
As regards India, FIIs have pumped in over Rs 34,400 crore in the Indian stocks in calendar year 2021.
Titan was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, HUL, Maruti, Asian Paints and IndusInd Bank. Nifty fell 91 points to 17,157.40.
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.
In what will be a dress rehearsal of their opening game in the World Cup, an unbeaten Australia take on England in the cricket tri-series final, in Perth on Sunday.
India skipper Harmanpreet Kaur came much cheaper for Mumbai Indians at nearly half the price of Mandhana at Rs 1.80 crore.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The sharp correction in equity markets has taken a toll on mid-and-small cap stocks that have underperformed their large-cap peers. Thus far in calendar year 2022 (CY22), the mid-and-small cap indexes on the BSE have slipped over 8 per cent and 7 per cent respectively, as compared to a fall of around 6 per cent in the S&P BSE Sensex. While investors dumped mid-and small-cap stocks as the markets remained choppy over the past few weeks, analysts still expect these two segments to see good investor interest from a medium-to-long term perspective.
Images from Day 5 of the 2023 Wimbledon Championships on Friday.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
UK Prime Minister Boris Johnson and Opposition Leader Keir Starmer clashed in the House of Commons over a controversial by-election leaflet, which had been branded "divisive" and "anti-India" by Indian diaspora groups in Britain.
Overseas stars likely to make a difference to their IPL teams this seasons.
Take a look at top picks of all 10 IPL teams
On the Sensex chart, NTPC, SBI, UltraTech Cement, ICICI Bank, Tata Steel, Bajaj Finserv and Bjaja Finance were among the major laggards, shedding as much as 1.63 per cent.
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.
The 21-year-old Essex all-rounder, who made his one-day international debut against Australia in the recent series, is the surprise inclusion.
IMAGES from the English Premier League matches played on Saturday.
Nick Kyrgios has invigorated the Championship and men's tennis generally with firecracker personality
England should instead celebrate the fact that, among all speculation, intimation and finally confirmation, Kevin Pietersen made it absolutely clear that he wants to carry on as a player.
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
The 2nd and final day of the IPL mega auction was just as dramatic if not more than Day 1 with Punjab Kings and Mumbai Indians getting in the thick of the action.
Intense bidding is expected to be the order of the day when 10 teams jostle to grab their preferred players in the IPL players' auction in Kochi on Friday.
The country's foreign exchange reserves surged to $576.98 billion as on March 31, 2021 from $544.69 billion at September-end last year, an RBI report said. Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the report noted. On balance of payments basis (excluding valuation changes), foreign exchange reserves increased by $83.9 billion during April-December 2020 as compared with $40.7 billion in the year-ago period, it said.
