Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93. On similar lines, the broader NSE Nifty dipped 54.65 points or 0.31 per cent to close at 17,475.65.
Sensex may remain under pressure this week due to weak global factors.
During the 1971 war, he flew several "active attack missions" to heavily defended targets like the Governor House in Dhaka, which became instrumental in forcing Pakistan's surrender, a former colleague said.
Participants are keenly waiting for the January IIP.
Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday, hours after his supporters attacked anti-government protesters outside embattled President Gotabaya Rajapaksa's office, leaving at least 78 people injured and prompting authorities to impose a nationwide curfew and deploy army troops in the capital.
The air quality will be monitored in 10 cities.
Investments in Indian capital through participatory notes (P-notes) rose to Rs 1.02 lakh crore till October-end, making it the highest level in 43 months.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.
Austria's health ministry on Saturday gave the green light to two Formula One motor races on July 8 and 12 - the delayed season-openers - to be held without spectators in line with plans aimed at halting the spread of COVID-19. Austria is among countries moving ahead with easing restrictions as new coronavirus infections wane.
The neighbouring cities of Faridabad (469), Greater Noida (464), Ghaziabad (470), Gurgaon (472) also recorded 'severe' air pollution levels.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
Sri Lanka declared a state of emergency on Wednesday as angry protesters stormed the prime minister's office in Colombo, hours after president Gotabaya Rajapksa fled to the Maldives on a military jet, amid the country's worst economic crisis in decades.
In Uttar Pradesh, the death toll due to lightning strikes rose to 42.
India has a difficult relationship with China but it is 'perfectly capable' of managing it, External Affairs Minister S Jaishankar said on Friday, rejecting the European construct that New Delhi's position on Ukraine could impact global support to it if its problems with Beijing increases.
Investments in Indian capital market through participatory notes (P-notes) dropped to Rs 94,826 crore till November-end after hitting 43-month high in the preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.
The Indian rupee on Friday rose for the fifth straight session against the Greenback and ended at 62.46.
Before pedalling down the streets of the state capital, Yadav told mediapersons at the party headquarters that the BJP government has "failed" in Covid management.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India's largest corporate groups to scoop up drone start-ups. "Indian corporations lost the race in aerospace and space tech. "No one wants to miss the bus this time. "These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future," says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).
The Delhi Pollution Control Committee (DPCC) also issued guidelines for implementation of the ban on firecrackers, which included directions to the Delhi Police to register a first information report against the violators of the ban.
The air quality had turned 'severe' on Saturday evening with stubble burning accounting for 32 per cent of Delhi's PM2.5 pollution, but firecracker emissions and calm winds made the situation even worse.
Fancy your chops are a designer? Skoda Auto India has a challenge for you. Rajesh Karkera/Rediff.com brings us the lowdown.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The Centre has announced an extension for two more weeks in the nationwide lockdown. However, several relaxations will be allowed as per zones.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
In Indranee Ghosh's latest book you will discover some untold secrets about the hill station in the north east of India.
Amid criticism over the formation of foam in the Yamuna -- a sign of its hazardous water quality -- the Delhi government on Tuesday deployed 15 boats to remove the froth with the help of ropes.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
A thin layer of toxic haze hung over Delhi in the morning and the overall air quality index stood at 313 at 9 am. It continued its upward trend and was recorded at 337 at 1 pm.
Andre Russell and Eoin Morgan's power-hitting will be the focus of all eyes when the in-form Kolkata Knight Riders taken on Delhi Capitals with an aim to light up the Sharjah skyline in what promises to be another six-hitting IPL contest in Sharjah on Saturday.
'We leave it up to the players to decide whether or not they want to participate and request NOCs'
The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday. Vaccination is picking up pace, which would improve India's resilience against a potential third wave, the chairman of Aditya Birla Group said while virtually addressing shareholders at the AGM of group firm UltraTech Cement Ltd. Moreover, various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla added.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
The planned COVID-19 facility will come up at the south Delhi campus of spiritual organisation Radha Soami Satsang Beas.
Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries. On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
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