Merchandise exports to the US jumped 23.5 per cent year-on-year (Y-o-Y) to $8.3 billion in June, even as India's overall outbound shipments witnessed contraction during the month, according to the data released by the commerce department on Tuesday. The increase in outbound shipments to the US was largely driven by the rush among exporters to utilise America's pause on its plans to impose country-specific reciprocal tariffs.
The Maha Kumbh, billed as the world's largest gathering, concluded on Wednesday after 45 days, with lakhs of devotees taking a dip in the Sangam, the confluence of the Ganga, Yamuna, and mythical Saraswati rivers. Despite a stampede that killed at least 30 people, millions continued to visit the Kumbh, seeking salvation through the ritual bath. The event saw a mix of faith, tradition, and technology, drawing pilgrims and tourists from across the globe.
Consolidated earnings for oil-to-telecom conglomerate Reliance Industries (RIL) may report sequential weakness, and modest year-on-year (Y-o-Y) growth in the June 2024 quarter (Q1FY25), said analysts. Lower refining margins are expected to moderate gains made from other businesses. RIL is slated to report its financial performance for Q1FY25 on July 19.
The Maha Kumbh, a massive religious gathering in Prayagraj, India, is preparing for the culmination of its events with the Mahashivratri 'snan' (sacred bath) on Wednesday. Authorities have declared the entire mela area a 'no vehicle zone' and are urging devotees to take a dip at the ghat nearest to them to avoid crowding at the Sangam. Chief Minister Yogi Adityanath is monitoring the arrangements and has issued an advisory for devotees, outlining specific ghats for different arrival routes. The Maha Kumbh has seen a record number of pilgrims, exceeding 64 crore. Security arrangements are robust with over 37,000 police personnel and 14,000 home guards deployed. The fair has also been hailed for its cleanliness and safety measures. The event is expected to conclude with the Mahashivratri puja.
Ishwak Singh's earnestness and the rustic energy of his mates keeps Mitti engaging, even when it starts to get preachy, observes Deepa Gahlot.
India posted a current account surplus of $13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with $4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI data released on Friday.
From the Sensex pack, ITC jumped 4.74 per cent. The other major gainers were IndusInd Bank, Hindustan Unilever, Infosys, Wipro, HCL Technologies, Tata Consultancy Services and ICICI Bank. HDFC, Tata Steel, Bajaj Finance, NTPC, Power Grid and HDFC Bank were the major laggards.
In its second weekend, Bhool Chuk Maaf has scored a half century at the box office.
From Sensex firms, Eternal dropped the most by 4.10 per cent. Maruti, Mahindra & Mahindra, UltraTech Cement, Power Grid, Nestle, Bajaj Finance, Hindustan Unilever and Asian Paints were also among the laggards. HDFC Bank dropped by 1.26 per cent and index major Reliance Industries by 1.13 per cent. Tata Steel, Infosys and ITC were the gainers.
Hundreds of Naga Sadhus took a dip in the Triveni Sangam during the Maha Kumbh Mela on the occasion of Makar Sankranti.
The Amrit snan was originally scheduled in the early hours of the day but was postponed following the stampede.
Udhagamandalam, popularly known as Ooty, and Sandynallah recorded zero degree Celsius on Friday, affecting normal life in the hill town. Many parts of Udhagamandalam and nearby areas were covered with frost, and water stored in containers froze. The extreme cold forced people to stay indoors, with roads deserted and people seen lighting fires to keep warm.
RBI's interest rate decision, macroeconomic data announcements and global trends are the key factors that would dictate the momentum in the equity market this week, analysts said.
The Maha Kumbh witnessed its third grand 'Amrit Snan' on the auspicious occasion of Basant Panchami, drawing hundreds of thousands of devotees from across the globe, all seeking spiritual liberation through the sacred dip, which was going on smoothly, officials said.
'Countries like Cambodia, Vietnam, Laos, and the Philippines have a 50 per cent increase in bookings.'
The performance of Hindustan Aeronautics Limited (HAL) for 2024-25 (FY25) was driven by improved margins and lower provisions. The order book as of March was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25.
Multiple casualties were feared after the stampede at the Sangam as millions of pilgrims turned up for a holy bath on 'Mauni Amavasya', the most significant ritual at the Maha Kumbh.
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI's median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation was 3.16 per cent in April and 4.8 per cent in May 2024.
'In the luxury car segment, the adoption of EVs is almost double compared to the mass market.'
Tamannaah Bhatia, Sonali Bendre, Tinaa Datta and Manasi Parekh take a holy dip in the Triveni Sangam.
India's industrial production growth remains almost flat at 3 per cent in March sequentially, though, on a year-on-year basis, it slipped from 5.5 per cent, mainly due to poor performance of the manufacturing, mining and power sectors.
Temperatures are likely to remain in a similar range until Thursday, with a gradual fall expected from June 13.
Nearly 86.5 lakh deaths were reported in the country during 2022, a significant decline of more than 15 per cent from Covid-affected 2021 which had recorded over 1.02 crore deaths, according to a new data from the Civil Registration System (CRS).
The 'Amrit Snan' by saints and seers of all 13 akharas on Mauni Amavasya, which was deferred after a stampede at the Maha Kumbh, concluded at the Sangam on Wednesday evening, officials said.
Brent crude oil prices can touch $150 a barrel (bbl) - up a whopping 103 per cent from the current levels - in the worst-case scenario if the Israel-Iran geopolitical tensions escalate, suggest analysts.
'People are fed up with rising crimes and poor law and order.' 'Modi must have got feedback and decided not to touch the 'jungle raj' issue as it will backfire.'
Australia's batting maestro Steve Smith provided an update on the injury he sustained on his finger during their World Test Championship final defeat against South Africa at Lord's.
Uttarakhand saw the sharpest decline (of 11 per cent) in the "total persons engaged" in manufacturing in the worst-hit pandemic year of 2020-21 as industrial units shut shop, according to the latest Annual Survey of Industries (ASI) data, released by the Ministry of Statistics and Programme Implementation (MoSPI). This was followed by the decline in the workforce in states such as Jharkhand (8.9 per cent), West Bengal (8.3 per cent), Kerala (8 per cent), and Karnataka (7.8 per cent). The "total persons engaged" in an enterprise is defined as the sum of directly employed workers, supervisory or managerial workers, and the unpaid family members who might be engaged in the enterprise.
Andy Murray will no longer coach 24-time Grand Slam champion Novak Djokovic, with the pair's high-profile partnership coming to an end after six months and no titles, the Briton's team said on Tuesday.
If you're looking for cool ways to chill this summer, Namrata Thakker gives you some filmi cues.
India's current account deficit (CAD) may dip further in the March quarter of FY24 as pressure from the negative net exports during the January-March period eased to an 11-quarter high. A part of the gross domestic product (GDP) data, net export- which is usually negative for India - captures the difference between exports and imports of both goods and services, while the CAD data, released by the Reserve Bank of India (RBI), also factors in private transfer receipts.
Sara Ali Khan seeks out her travel partners -- mum Amrita Singh and brother Ibrahim Ali Khan -- to tour Switzerland and make pretty pictures.
