The other prominent gainers were Tech Mahindra, HCL Technologies, Wipro, State Bank of India and Larsen & Toubro. Bajaj Finserv, Power Grid, UltraTech Cement and HDFC Bank were among the laggards.
The Reserve Bank of India on Thursday marginally lowered its inflation projection for the current financial year to 5.1 per cent, as Governor Shaktikanta Das said the central bank's monetary policy actions are yielding the desired results. In April, the Reserve Bank had estimated the consumer price index (CPI) based retail inflation at 5.2 per cent during the fiscal 2023-24. CPI inflation fell sharply to 4.7 per cent in April 2023, from 6.4 per cent in February, on the back of favourable base effects, with softening observed across all the three major groups.
The Congress and the Left parties have not only extended support to the Samajwadi Party candidate but are also campaigning for him, in accordance with the spirit of the new opposition togetherness ahead of next year's general election.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
He also said there are leaders who stand firm in their ideology but their number is gradually declining.
The development is being seen as a blow to the opposition Congress which was planning to forge a grand alliance in Chhattisgrah to unseat the ruling BJP.
Top leaders of 26 opposition parties were arriving in Bengaluru on Monday for a two-day brainstorming session with a call for unity and are expected to chalk out their joint programme aimed at defeating the Bharatiya Janata Party in the 2024 Lok Sabha elections.
The BJP leads with 23 percent of its 90 Rajya Sabha members having declared criminal cases against themselves.
Industrial production (IIP) grew to a three-year high of 6.4 per cent in August, up from 4.1 per cent in July.
The announcement was made after AICC general secretary Ajoy Kumar held a meeting with CPI-M state secretary Jitendra Choudhury on Friday evening.
India spends significantly less on defence than could be expected from a country that faces simultaneous armed threats from two hostile neighbours -- China and Pakistan.
The government expects onion prices to fall below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March next year after the retail sales price of the kitchen staple crossed Rs 80 per kg in the national capital and the prices in mandis remained around Rs 60 per kg. To a query on when the onion prices are expected to fall below Rs 40 per kg, Singh said, "very soon... January"
The ruling Communist Party of India-Marxist on Monday took a veiled dig at the Congress by asking it to safeguard its newly elected Karnataka MLAs from being poached by the Bharatiya Janata Party as was allegedly done by the saffron party in Goa amidst the Bharat Jodo Yatra.
Abu Khayer Miah, who had contested, on a Tipra Motha ticket, from the Boxanagar assembly constituency in the last elections held in February and conceded defeat, has been suspended, a party leader said.
Asked how many seats the Congress would fight on, Singh said they would be flexible in seat sharing.
The Congress had released 'Farmers Declaration', 'SC, ST Declaration' and 'Youth Declaration', comprising its promises to the Telangana voters in the assembly polls scheduled to be held in a couple of months.
According to the sources, the meeting will be held at 10 am on Thursday in the chamber of Rajya Sabha LoP.
Cricketer Yusuf Pathan will contest from the Baharampur Lok Sabha seat, whereas Kirti Aazd will fight from the Bardhaman-Durgapur constituency.
In a strategic move, the BJP has welcomed prominent Christian figures like Anil K Antony, son of Congress stalwart AK Antony, and seasoned Kerala politician PC George, into its fold.
Left parties were on Thursday divided on the Presidential election with the Communist Party of India-Marxist and Forward Bloc deciding to support United Progressive Alliance candidate Pranab Mukherjee while the Communist Party of India and Revolutionary Socialist Party opting to abstain from the voting.
The results for bypolls to seven assembly seats in six states will be declared on Friday in what is being seen as a major test for the opposition's Indian National Developmental Inclusive Alliance against the Bharatiya Janata Party-led National Democratic Alliance ahead of the polls in five states later this year and Lok Sabha elections in 2024.
The seven seats -- Bageshwar in Uttarakhand, Ghosi in Uttar Pradesh, Puthuppally in Kerala, Dhupguri in West Bengal, Dumri in Jharkhand, and Boxanagar and Dhanpur in Tripura -- went to poll on September 5.
Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank's comfort zone of 6 per cent, said an article in the RBI's monthly bulletin released on Thursday. The consumer price index (CPI) based retail inflation shot up significantly to 7.44 per cent in July, from 4.87 per cent in the preceding month, mainly due to soaring prices of tomato, vegetables and other food items. In his address to the nation on the Independence Day, Prime Minister Narendra Modi vowed to take more steps to contain price rise.
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
'Gautam Adani will not be able to step inside Dharavi.' 'We will ensure Adani will not get what he wants.' 'Adani has no reason to do politics with people of Dharavi but he is still doing it.'
It is in circumstances like this that the Constitution becomes extremely important. It reminds us that we have a commitment towards higher human values to fulfil, a path to get back to, suggests Shyam G Menon.Else, we risk being rudderless in an ocean of money and majoritarianism, suggests Shyam G Menon.
This is Navlakha's second round of appeal in the high court seeking regular bail.
The Communist Party of India-Marxist on Friday said the Indian Union Muslim League (IUML) is "not a communal party" and praised the key partner of the opposition United Democratic Front for not agreeing with the Congress on the issue of the alleged move by Governor Arif Mohammed Khan, who according to the ruling front, was trying to "saffronise" the universities in Kerala.
Police on Wednesday arrested a man accused of urinating on a tribal youth in Madhya Pradesh's Sidhi district, an official said.
While the Congress was a unifying force, the Left front was divisive, he said adding "wherever we go, we unify everybody. We are a unifying force. Wherever we go we identify everybody and unite them and make them strong".
After having decided to abstain from voting in the Presidential poll, the Communist Party of India on Wednesday extended support to United Progressive Alliance's nominee Hamid Ansari for his re-election as vice president.
Taking potshots at the Bharatiya Janata Party, some opposition leaders also wondered if Goel resigned to contest the Lok Sabha polls on its ticket like former Calcutta high court judge Abhijit Gangopadhyay.
Police inspector Masroor Ahmad Wani, who was critically injured when he was shot at by a Lashkar-e-Tayiba terrorist while playing cricket in Srinagar in October, died at AIIMS, New Delhi, on Thursday. He leaves behind his wife, who is expecting their first child.
However, there was no official word from the Lokpal.
Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables. The WPI inflation was in the negative or deflationary zone for the past seven months since April and was at (-)0.52 per cent in October. The last positive WPI inflation was recorded in March at 1.41 per cent.
"When an authority does not have the jurisdiction to deal with a matter or it is not within the powers of the authority i.e. the State of Gujarat in the instant case, to be the appropriate Government to pass orders of remission under Section 432 of the CrPC, the orders of remission would have no legs to stand," it added.
The upcoming Opposition meet in Patna scheduled for next week will not discuss a possible prime ministerial candidate and will focus on deciding the common agenda for the parties to work on in the run-up to the Lok Sabha elections.
Wholesale price-based inflation rate fell to a 3-year low of (-) 3.48 per cent in May on easing prices of food, fuel and manufactured items, strengthening the case for continuing with the pause in rate hike in the coming months of the current fiscal. This is the second straight month when WPI has been in the negative zone mainly on account of a higher base and falling prices of fuel and manufactured goods. Food prices also eased during May. In May, 2022 WPI inflation was at 16.63 per cent. Last month, it was (-) 0.92 per cent.
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