Domestic rating agency Icra on Monday revised its FY24 GDP growth forecast to 6.5 per cent from 6.2 per cent earlier. However, the revised forecast is still much lower than the Reserve Bank of India's (RBI's) 7 per cent real Gross Domestic Product (GDP) growth estimate for the ongoing fiscal. Earlier this month, the RBI had revised upwards its GDP estimate to 7 per cent from 6.5 per cent, calling the revised number a "conservative" one.
England head coach Brendon McCullum said they will have to do some deep thinking about their approach after being "exposed" in the final four matches in India but is convinced their first series defeat under his watch will make them a better side.
Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to a government data released on Monday. The Consumer Price Index (CPI)-based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023.
I am happy I didn't knock anyone down, driving recklessly or trying to show off. However, in one instance of road rage (the consequence of arguing with a driver who disrespected my right to cross the road peacefully) I did find a man in a SUV taking his anger out on me by driving his vehicle over my feet, recalls Shyam G Menon.
The wholesale price index-based inflation remained in the negative territory for the sixth straight month in September at (-)0.26 per cent, on easing prices of food articles. The WPI-based inflation rate has been in the negative since April and was (-)0.52 per cent in August. In September last year, it was 10.55 per cent.
Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.
Ishan Kishan changed the script completely with swashbuckling stroke-play in the middle overs to steer Mumbai past Kolkata in Wednesday's IPL match in Kolkata.
Despite the upbeat statement, the party is expected to reflect on what caused the sharp fall in its numbers. It is expected to win about 240 seats against the 303 it had won in 2019.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
USA's sparkling debut, Afghan bravehearts' dream run and India's brilliance
The sources said that Priyanka Gandhi remained in constant touch with the party president, the chief minister, ministers and all important leaders, and did not allow any laxity.
If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.
Kamal Haasan is right where he left off from the first film but there is only so much he can do to salvage an already lost cause, observes Arjun Menon.
'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.
Shreyas Iyer slammed 178, while captain Siddhesh Lad made a responsible 130, to power Mumbai to an imposing score of 439 for eight against Baroda, on Day 1 of the Ranji Trophy match.
Images from the IPL match between Delhi Capitals and Kolkata Knight Riders in Visakhapatnam on Wednesday.
Prime Minister Narendra Modi on Saturday vowed to thwart alleged attempts to rob Dalits and backward classes of reservations by the Indian National Developmental Inclusive Alliance (INDIA) which he accused of 'enslavement' and performing 'mujra' for Muslim vote bank.
Replacing Gautam Gambhir as the skipper, young Shreyas Iyer Iyer led from the front with the bat, smashing a brilliant 93 from 40 balls to propel Delhi to a massive 219 for four in their 20 overs.
Images from the IPL match between Lucknow Super Giants and Delhi Capitals in Lucknow on Friday.
Opener Ben Duckett smashed an 88-ball hundred to lead England's robust reply to India's first innings total of 445 on day two of the third Test in Rajkot on Friday.
Nude bikers take to the streets in Mexico City; the Pride parade in Istanbul; Ukrainians grads celebrate the last day of school in Derhachi; the Santa Claus school in Rio de Janeiro and yellow ducks float off Victoria Harbour in Hong Kong.
England will have to set a record for the highest successful fourth-innings chase if they are to win the third Test against India after the dominant tourists declared at 352 for seven with Virat Kohli making 103.
The official said that the National Statistical Commission (NSC) is examining the working group report on the roadmap for introducing the PPI and their recommendations are awaited. "It is with Statistical Commission, so we will wait for the panel recommendation," the official, who did not wish to be named, said.
Saturday witnessed an onslaught of runs, with a total of over 450 runs scored, setting the stage for several outstanding batting performances.
Unemployment has been rising among the young, with authorities suspending data disclosures after youth unemployment crossed 20 per cent.
The top 25 global technology (tech) firms, including Apple, Microsoft, Amazon, Tencent, Samsung, Oracle, and Accenture, collectively lost over $600 billion in market capitalisation (m-cap) during the July-September quarter (third quarter, or Q3) of calendar year 2023 (CY23), reveals a recent report by GlobalData, a London-based analytics and consulting company.
The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in the June quarter due to a favourable base fading, analysts say the print will be much closer to 7 per cent than the 6.5 per cent anticipated earlier. While the Reserve Bank of India (RBI) had estimated 6.5 per cent growth for July-September, last month Governor Shaktikanta Das said the growth figure would surprise on the upside.
The government has exhausted only 39 per cent of its fiscal deficit target in the first half of FY24.
If oil prices rise, the government would face an uncomfortable political decision.
In the US, recession started in December 2007, and will last at least until December 2009 - the longest and deepest US recession since World War II, with the cumulative fall in GDP possibly exceeding 5 per cent. The recession in other advanced economies (the euro zone, United Kingdom, European Union, Canada, Japan, Australia, and New Zealand) started in the second quarter of 2008, before the financial turmoil in September and October further aggravated the credit crunch.
The BJP's challenge is whether it can again deflate a Congress, which now looks reinvigorated and has adopted sharper messaging around its 'guarantees', and several regional parties, especially in Bihar, Maharashtra and West Bengal.
A round-up of the Ranji Trophy quarter-final matches played on Monday.
In another setback to Big Pharma, US drug major Eli Lilly's blockbuster erectile dysfunction drug Cialis (generic name:Tadalafil) has failed to qualify for a product patent in India after the basic constituent of the medicine was found to be a known substance, developed and patented by Indian scientists 32 years ago.
England captain Andrew Flintoff said his young team were still upbeat despite their dire situation in the opening Ashes Test.
Chief economist at State Bank of India has revised downward the full-year growth forecast to a low 6.8 per cent from 7.5 per cent earlier for FY2023, citing "the way below GDP numbers for the first quarter". The National Statistical Office on Wednesday released the Q1 growth numbers which showed a consensus growth of 13.5 per cent, pulled down by the poor show of the manufacturing sector, which reported a paltry 4.8 per cent expansion in the first three months of FY23, negating the robust show by the services sector. Consensus forecast was 15-16.7 per cent of which the RBI made the highest forecast of 16.7 per cent.
Despite multiple headwinds at the start of 2023, the Indian markets delivered a strong performance, posting 19-20 per cent growth for the year. Even as new records were set, investor sentiment remains strong going into 2024, given the lower inflation, expectations of steady to lower interest rates, higher economic growth, and strong inflows. However, the overriding concern for most brokerages is valuations.
The stock of the country's largest listed oral care company -- Colgate-Palmolive (India) Ltd is up 18 per cent over the past month. The gains were led by better than expected June quarter (Q1) performance of the 2023-24 financial year (FY24) and growth revival expectations of the oral care category. The company's volume growth is pegged at 5-8 per cent in Q1FY24. This is the second consecutive quarter of volume growth.
Images from Day 3 in the first Test between South Africa and India, at SuperSports Park, Centurion, on Thursday.
