Ankita Raina and Karman Kaur Thandi will have to punch above their weight when the battle to qualify for Fed Cup tennis tournament's World Group II,
M A Pathan, former chairman of the Indian Oil Corporation, on Friday resigned as chief of the Petroleum Federation of India, citing his pre-occupation with Tatas and other multinational oil firms.
Summers dogged by controversies over past views
The US Federal Reserve rate cut on Wednesday, the 13th after May 16, 2000 may prove to be a boon to Indian depositary receipts.
An Indian tennis team sans Sania Mirza completed a dubious hat-trick of defeats in the Fed Cup following a 0-3 loss to Uzbekistan in the Asia/Oceania Group I round-robin match in Perth on Friday. As a result, the Indians will now play Chinese Taipei in the relegation play-off on Saturday. With Friday's defeat, India finished last in the four-team Pool A, having also lost 0-3 in the earlier two matches -- against New Zealand and Indonesia -- as well.
Tiger Woods cruised to a memorable double in record-breaking style on Sunday, winning the Tour Championship by eight shots and inaugural FedExCup honours to claim a $10 million bonus.
Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
Judy Murray, mother of World No. 4 Andy, was named as non-playing captain of Britain's Fed Cup women's tennis team on Thursday.
'The main worry is lots of new investors coming into the markets in order to make a quick buck/easy money.' 'Those things are happening again and have happened in the past as well.' 'All that has led to problems.' 'We are not there yet, but will get there eventually.'
Anastasia Pavlyuchenkova overpowered Lucie Safarova 6-2, 6-4 in the second reverse singles to pull Russia level with the Czech Republic at 2-2 in their Fed Cup final on Sunday.
The US faces the Czech Republic in the first round from April 26-27.
Markets end in red; bluechips struggle to keep pace.
Tata Steel was the biggest gainer in the Sensex chart, rising 2.39 per cent, followed by Tata Motors, Power Grid, Reliance Industries, UltraTech Cement, NTPC, Nestle, HUL, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank and Asian Paints. In contrast, Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Bajaj Finserv, ICICI Bank, Infosys and Titan were among the laggards.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
A summary of Tuesday's first leg quarter-final action in the UEFA Champions League.
"Just three months more," says mom-to-be Deepika Padukone in a witty reply when asked if she is still in her character of a pregnant woman from her coming film Kalki 2898 AD.
While the markets have factored in a number close to 350 for the BJP and almost 400 for the NDA, 50 seats fewer could trigger a market correction
Among the Sensex firms, NTPC, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank, Tata Steel, Asian Paints, Bharti Airtel, Power Grid, Titan and HDFC Bank were the major gainers. Bajaj Finance, Bajaj Finserv, Infosys, Tata Consultancy Services, Tata Motors and HCL Technologies were the laggards.
Defending champions Russia took an unassailable 3-1 lead over Israel in their Fed Cup world group first-round tie on Sunday after Maria Sharapova and Anna Chakvetadze won their singles rubbers.
Modi, on his maiden visit to the UNESCO World Heritage Site, first took the elephant safari in Mihimukh area of the Central Kohora Range of the park followed by the jeep safari inside the same range.
Federal Reserve chairman Ben Bernanke touched off the biggest one-day rally in US stocks this month by hinting that the Central Bank is almost done with raising interest rates. The indices had their biggest rise since June 29.
The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached $738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at $651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from $584 billion in December 2022.
Uppal said India didn't play to its potential but showed great fightback to clinch the tie.
Sara Errani romped to a 6-1, 6-1 win over Alisa Kleybanova in Cagliari to hand Italy an unassailable 3-0 lead over Russia and their third Fed Cup title in five years on Sunday.
Paul Meggyesi, Vice President of Global currency and commodity at JP Morgan, says that the Fed may raise rates one more time in December.
India were relegated to the Fed Cup Asia/Oceania Zone group II after top seeds Australia blanked them 3-0 in their third and final group I match in Bangkok on Friday.
The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends.
Glenn Maguire, chief economist (Asia Pacific) at Societe Generale, says that the Fed may raise rates once more, before pausing.\n\n
He adds that it is unlikely to see the Fed rate move above 5.5%.\n\n
The Czech Republic defended their Fed Cup title on Sunday as Karolina Pliskova became the home team's hero with a starring performance in their thrilling 3-2 come-from-behind victory over Russia.
'If the Maha Vikas Aghadi thinks that they have won 30 (Lok Sabha) seats and that would translate to winning 180 assembly seats they would be living in a fool's paradise.'
Among the Sensex firms, UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, State Bank of India, Larsen & Toubro, Infosys and Bajaj Finserv were the major gainers. On the other hand, NTPC and Tech Mahindra were the laggards.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
Former world number one Andy Murray is in line to play Grigor Dimitrov in the opening round of the inaugural ATP Cup, with Bulgaria qualifying among the final six teams in the nation-based tournament.
In signs that the country's growth is on track, the economic activity across the country improved in recent months, according to the US Federal Reserve.
The broader NSE Nifty dropped by 48.65 points, or 0.45 per cent to 10,808.05 after shuttling between 10,773.55 and 10,833.70.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - technical research, Religare Broking Ltd, said.
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.
