Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports.
Royal Challengers Bengaluru's sturdy middle-order, in-form skipper Smriti Mandhana and a partisan home crowd will be the major challenges UP Warriorz will have to contend with when the two teams clash in the Women's Premier League match in Bengaluru on Monday.
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
Smarting from their dramatic Super Over loss in the Women's Premier League, Royal Challengers Bengaluru will aim to get back on track when they take on bottom-placed Gujarat Giants in Bengaluru on Thursday.
UP Warriorz, facing elimination in the Women's Premier League, will aim to spoil Royal Challengers Bangalore's playoff hopes in a crucial encounter on Saturday.
There is a reason this 11 year phenomenon is a rule as much as it is an observation. It speaks to the nature of man and what humans are like, explains Aakar Patel.
Shares worth over Rs 50,000 crore (or approximately $6 billion) are set to become freely tradable between now and April 10. Historically, such substantial volumes have been absorbed by a buoyant block-deal market.
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
The duo progressed following their fine showing in India's victory over Pakistan in the women's T20 World Cup opener.
'We don't know which bus is coming next. I know for sure whatever bus comes next, it will miss that too.'
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
The CBI's failure to file a chargesheet within the mandated 90 days has resulted in bail being granted to two key suspects in the rape-murder case of an on-duty medic at RG Kar Hospital in Kolkata. This comes just days after the West Bengal Police secured capital punishment for a convict in a similar crime against a minor. The delay in justice has sparked outrage, particularly among the victim's family and junior doctors who are demanding accountability.
Opener Georgia Voll (101) and Ellyse Perry (105) smashed commanding centuries as Australia secured a series-clinching 122-run win over India in the second women's ODI.
India's merchandise exports in November dipped by 4.85 per cent to $32.11 billion against $33.75 billion a year ago, according to government data released on Monday. Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month.
The Reserve Bank of India (RBI) has projected retail inflation at 4.2 percent for the next financial year beginning April while retaining the forecast for 2024-25 at 4.8 percent. The central bank attributed the expected easing of inflation to good kharif production, winter-easing in vegetable prices and favorable rabi crop prospects. However, the RBI also noted that continued uncertainty in global financial markets coupled with volatility in energy prices and adverse weather events presents upside risks to the inflation trajectory.
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
From the 30 blue-chip stocks, Titan, Asian Paints, Nestle, Tech Mahindra, Reliance Industries, Zomato, Larsen & Toubro and Bajaj Finserv were among the laggards. Adani Ports, Mahindra & Mahindra, Maruti, Sun Pharma, Bharti Airtel and Tata Motors were among the gainers.
'I will be shooting King for a couple of months.' 'My director Siddharth Anand is very strict. He has asked me not to reveal what we are doing.'
'I now see rates rising again, particularly after recent losses - especially the January wildfires in Los Angeles.'
AUM heavyweights SBI, HDFC and ICICI Pru flex muscle, adding Rs 2 trillion+ each.
Investor confidence in value mutual funds remains robust, with the category witnessing an inflow of Rs 1,556 crore in January, indicating a shift in their focus towards fundamentally strong yet undervalued stocks.
The last time this happened was in 1996.
The recent selloff in the Indian equity market has been far more painful for mid and smallcap stocks compared to largecap stocks. The benchmark BSE Sensex is now down 9.5 per cent from its record monthly closing of 84,300 at the end of September last year. In the same period, the BSE MidCap has lost 17 per cent of its value, while the BSE SmallCap has corrected by 17.1 per cent.
West Bengal Chief Minister Mamata Banerjee has slammed the Maha Kumbh as a "Mrityu Kumbh" (Death Kumbh), accusing the Uttar Pradesh government of suppressing the actual toll in the stampede that occurred at the religious gathering. Banerjee also criticized the lack of planning and management at the event, highlighting the plight of Bengal residents who died in the stampede. The BJP, however, has condemned Banerjee's remarks, calling her an "anti-Hindu chief minister" and accusing her of political opportunism.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Amanjot Kaur, who was sidelined by a back stress fracture requiring surgery and a ligament tear in her hand after last year's WPL, claimed three wickets for 22 runs before blasting a 27-ball 34 to help MI chase down RCB's 167 with one ball to spare in the WPL match in Bengaluru on Friday.
'Doctors feel they have a duty to prolong a heartbeat at all costs.' 'And a son or a daughter feels, I can't let my mum die. I have to save her at all costs.' 'They think saving is just prolonging life. But the person suffers.'
In an eventful week ahead, stock market investors will take cues from major events like the US Federal Reserve's interest rate decision, the upcoming Union Budget and Q3 earnings, analysts said.
Teenage sensation Dhinidhi Desinghu continued her impressive performance at the 38th National Games, winning her fifth gold medal as Karnataka dominated the swimming events.
rediffGURU T S Khurana answers readers' personal income tax queries.
The Gujarat Giants will be hoping to improve their bowling and fielding after a disappointing defeat in their Women's Premier League season opener. They will face the UP Warriorz, led by Deepti Sharma, who will be looking to capitalize on their strong spin bowling attack. The match will be a crucial one for both teams as they seek to make their mark in the tournament.
The five initial public offerings (IPOs) that closed on Monday attracted cumulative bids worth Rs 1.4 trillion against Rs 2,909 crore they were looking to raise. These offerings were subscribed between 11 and 195 times. Mamata Machinery, a limited manufacturer of machines used for making plastic bags, saw the highest oversubscription at 195x.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
Chattopadhyay was seen being taken out of his residence at Subhasgram in South 24 Parganas district around 2 pm by ED officials, who previously conducted search operations at the premises for over seven hours.
Sebi is looking at introducing a system where an investor can sell shares as soon as they are allotted in an Initial Public Offering (IPO) to curb grey market activity, chairperson Madhabi Puri Buch said on Tuesday. The chief of the capital markets regulator also announced that the top two proxy advisory firms are on the verge of launching a portal which will be a repository of related party transactions and will be useful in judging the governance standards in a company for any stakeholder.
Rhythm Sangwan emerged victorious in the women's 25m pistol event at the Rifle/Pistol National Selection Trials in New Delhi, defeating double Olympic medalist Manu Bhaker in a shoot-off.
The central probe agency had also placed the findings before a special court in Kolkata during a hearing earlier in the week, he said.
Firhad Hakim, a senior minister in West Bengal's ruling Trinamool Congress (TMC), has defended his remarks on the Muslim population in the state and India, saying he is a diehard secular and patriotic Indian. Hakim's comments, made at a minority students' event, have sparked controversy with the BJP, Congress, and Hindu monks accusing him of promoting communalism and advocating for a Muslim majority. Hakim, however, clarified that his remarks were taken out of context and that he was merely advocating for the empowerment of the Muslim community. He also highlighted the need for greater representation of Muslims in the judiciary.
India Ratings on Thursday said that any broad-based or strong recovery in corporate capital expenditure was unlikely in the upcoming financial year 2026 (FY26) due to uncertainty of domestic and external demand. The uncertainty is adversely affecting the overall corporate sector capex. Interest rates on credit are not the primary deterrent to decisions about capital expenditure, said Soumyajit Niyogi, director, core analytical group, Ind-Ra, in a webinar on the credit market outlook.
A fresh political row has erupted in West Bengal over Bharatiya Janata Party national vice-president Dilip Ghosh's alleged unsavoury remarks about West Bengal Chief Minister Mamata Banerjee, with the Trinamool Congress seeking his arrest and unconditional apology.