'It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.'
The group is among the 40 largest defaulters identified by the Reserve Bank's first list for insolvency in late 2016.
The billionaire Mistry family's estate is likely to soon change hands. The assets in the name of Cyrus Mistry, who died in September last year, may soon be divided equally among his wife Rohiqa and sons Firoz and Zahan, according to sources. The reorganisation will also include the 9.2 per cent stake in Tata Sons, which is currently in Cyrus Mistry's name and held through his investment company Cyrus Investments.
Fresh controversy dogged Team Anna on Saturday as Anna Hazare's former blogger made public a blog, which was kept under wraps to blunt the Gandhian's claim that he had not spoken to him about re-organising his core team.
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. The move is part of the ongoing process of merging AirAsia India with Air India Express. The combined entity will focus on leisure-oriented and price-sensitive markets.
'Students of Tier-II and Tier III engineering colleges in the south may find 2023 to be one of the toughest years for getting jobs.'
India has also become the fourth best represented nation in the 2024 rankings, up from sixth last year.
Saurashtra have never had it better in Indian domestic cricket's rich history, having won their second Ranji Trophy title in three seasons
'The two sides agree to continue firmly supporting each other in safeguarding their respective core interests,' a joint statement issued at the end of Muizzu's talks with Chinese leaders said.
Core retail segments like motor and health continue to report strong growth of 19-20 per cent with competitive intensity still visible in the motor OD (owner driven) segment. Commercial lines reported muted growth. Group health remains a key driver. Among the listed companies, ICICI Lombard continues to trail in the motor section while Star Health has lost its Y-o-Y retail market share although its better on a sequential basis.
The squad includes goalkeepers PR Sreejesh, Krishan Bahadur Pathak, and defenders Varun Kumar, Amit Rohidas, Surender Kumar, Jugraj Singh, Harmanpreet Singh, Jarmanpreet Singh, and Gurinder Singh.
Funding winter and corporate governance woes separated the men from the boys in the country's startup space in 2023 that saw funds into the segment tapering to just around $8 billion. All said, investors are hopeful of strong growth of the maturing startup ecosystem in the new year. Edtech and health tech segments that grew exponentially during the pandemic plunged into an abyss of financial uncertainties, with several firms shuttering their business, and valuation of prominent players like BYJU'S and PharmEasy plummeting 85-90 per cent.
Asserting a war was not an option between India and Pakistan, Sri Lanka on Wednesday said cross-border terrorism was a core issue on the table for SAARC and the members of eight-nation grouping have to discuss it and its impact before moving forward.
Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.
After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).
The mighty Mumbai Indians have been the team to beat in IPL history and the Sri Lankan great says they have worked hard on building a "culture of success".
Tata Consultancy Services (TCS) is set to secure a $2 billion deal from Bharat Sanchar Nigam (BSNL) to roll out its 4G and 5G services across the country. However, the final approvals from the publicly-owned telco may take a couple of months, sources in the know said. As part of the deal, TCS will develop 4G core and Radio Access Network (RAN) technology for BSNL's telecom services.
FIPB panel to meet today, discuss telecom investments.
The grouping, which is called Co-Impact, has been set up with an initial corpus of $500 million and will focus providing healthcare, education, and economic opportunity to the underserved populus in developing countries.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
Home Minister Sushilkumar Shinde was on Thursday made a permanent invitee to the Congress Working Committee, the highest decision-making body of the party.
The medium-term scenario for oil marketing companies (OMCs) is high risk due to the surging crude and gas prices. Apart from OPEC-plus cutting production, the Hamas-Israel conflict has caused fears of supply disruption. The July-September quarter of 2023-24 (Q2FY24) saw positive surprises for OMCs. Strong gross refining margins (GRMs) more than offset weak marketing margins.
The stock of State Bank of India (SBI) may re-rate soon, believe analysts, if the lender manages to safeguard its net interest margin (NIM) going ahead. This, along with controlled credit costs, should aid the outlook of the stock which has been underperforming the markets for some time now. "We believe delivery of growth on guided lines, sustenance of NIMs near current levels, and controlled asset quality parameters aiding controlled credit costs should lead to strong profitability and drive re-rating of the stock," said analysts at JM Financial.
Akhil Gogoi, an RTI activist from Assam, has been part of activist Anna Hazare's inner circle since the last two years. In an interview with rediff.com's Prasanna D Zore, he explains how the core members of Team Anna swung into action and carried the movement forward when Hazare and his aides Kiran Bedi, Arvind Kejriwal and Manish Sisodia were arrested by the Delhi police on August 16. Akhil is one of the 22 members who form the core group of Team Anna.
In an encouraging development for the Indian women's hockey team, all the squad members are set to be included in the Target Olympic Podium Scheme (TOPS) when the review committee will identify a core group for the government-funded programme, next month.
Dwaipayan Bose on how index funds play a key role in the diversification of portfolios and help manage risks
Under severe push from Congress chief Sonia Gandhi and Finance Minister Pranab Mukherjee combine, the Congress core committee decided to show Minister of State for External Affairs Shashi Tharoor the door on Sunday evening.
India are once again at the crossroads, with the team again searching for middle order options ahead of the World Cup.
The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.
Strength coach Spoorthi, Cult.fit tells you how to burn calories without hitting the gym.
'Sri Ayodhyaji will emerge as the greatest centre of cultural togetherness, universal harmony, vasudeva kutumbakam, compassion, and love for every single living being on this Earth.'
Mahendra Singh Dhoni in his inimitable style kept questions on his IPL retirement open-ended but did admit that a lot of things will depend on the kind of retention policy that BCCI puts in place for the big auction next year.
At a time when the market is betting on a 'higher for longer' global interest rate view, Accenture's (ACN) weak revenue forecast is a negative read-through for the Indian IT firms, according to analysts. The Dublin-based company sees its revenue growth at 2-5 per cent in constant currency (cc) for the financial year 2024 (FY24), below the pre-Covid levels of 5-8 per cent for FY17-20. The weak projection, thus, signals that slower demand is likely to persist this year, and any recovery is unlikely in the near-to-medium term, experts note.
The Congress core group met at the prime minister's residence late on Wednesday night and weighed options to deal with the demand made by Trinamool Congress chief Mamata Banerjee to sack Railway Minister Dinesh Trivedi.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Emerging stars like Umran Malik and Mohsin Khan could be rewarded for their superb performances in IPL 2022, while old-horses Shikhar Dhawan and Dinesh Karthik are likely to return to the Indian team for the T20I series against South Africa next month.
In his communication, Batra also pointed fingers towards the team management without specifying anything.
'No human bias is involved as happens in active funds.'
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