The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
Fighter's distressing lack of thrills and sizzle reduces the exercise to an excuse for tedious amounts of Pakistan bashing, observes Sukanya Verma.
'Without Harry Kane many people were talking about Sonny (Son Heung-min) but today it was Lucas Moura who scored three goals and you know if you don't respect all the players, you cannot only have 11 players'
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.
Dharmendrasinh Jadeja took 7/32 as Saurashtra thrashed Rajasthan by 218 runs.
The year is coming to an end and overall, it's been one hell of a year! We have had our share of ups and downs and we look forward to a better 2020. While we count down the days to the new year, let's also reflect on those who gave us strength to stand up in what we believe, the courageous who didn't bow down and the ones with gumption who inspired us to be better. We, Rediff.com, have selected 26 personalities, who we think are worthy of the title -- HERO OF THE YEAR -- and we want you, dear readers, to choose your hero!
Tapan Kumar Deka, the "crisis man" who was put in charge of the counter-assaults during the 26/11 Mumbai attack, was on Friday appointed director of the Intelligence Bureau (IB) while the tenure of Samant Goel, who has been heading the Research and Analysis Wing (R&AW), has been extended by one more year.
'In Pakistan there has been no problem about the installation of the statues of these men, unlike the Jinnah portrait or other controversies that seem to be present in India these days quite regularly,' says Aakar Patel.
'And when the floats go by in the parade garlanded and decorated with the posters of gun toting assassins and murderers and martyrs, you look the other way.' 'And in return we will bring you 10,000 votes because the people of the gurdwaras will vote as we tell them to vote.'
The arrival of India's neighbouring nations Pakistan and China in Chennai on Tuesday night energised the city's atmosphere ahead of the Hero Asian Champions Trophy Chennai 2023.
Notwithstanding concerns about lofty valuations, smallcaps recorded their most significant monthly gain in nearly three years in November. The National Stock Exchange Nifty Smallcap 100 finished the month with a 12 per cent gain, the most since February 2021 when it rose by 12.2 per cent. After declining by 4.1 per cent in the preceding month, the Nifty Midcap 100 rose by 10.4 per cent, the most since July 2022.
Hospitality and travel-tech firm OYO is looking to launch its initial public offer after September and has written to stock market regulator Sebi, seeking to file updated and restated consolidated financial information. The company, which had filed preliminary papers with Sebi to raise Rs 8,430 crore through an initial share sale in October last year, is now prepared to settle for a lower valuation of around $7-8 billion against the $11 billion it was targeting initially, according to people in the know of the development. OYO's move to launch the IPO after the September quarter is mainly driven by the expectation of improvement in its financial performance and the current volatile nature of the market, they said.
'My son is six-and-a-half years old.' 'The way he has adapted to this lockdown is much better than the adults.'
Chosen for the country's highest civilian award Bharat Ratna a day ahead of his birth anniversary, Karpoori Thakur has been the veritable 'Jan Nayak' or people's hero of politics in Bihar, whose legacy parties cutting across ideologies seek to claim.
En route to India's eighth Asia Cup title, records tumbled at the R Premadasa Stadium in Colombo.
The hero of India's Under-19 Asia Cup triumph Atharva Ankolekar has one more reason to celebrate as he has been named in the 17-member Mumbai squad for the upcoming Vijay Hazare ODI tournament.
The Tamil Nadu leg of the 'Pass the Ball' Trophy Tour, a crucial part of the Hero Asian Champions Trophy Chennai 2023 build-up campaign, came to a successful conclusion on Monday.
Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher margins in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Roundup of Ranji Trophy matched played on Sunday
Former president Pervez Musharraf has admitted that Pakistan supported and trained groups like Lashkar-e-Tayiba in 1990s to carry out militancy in Kashmir.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
'I have trained Ravish Kumar, Virender Sehwag, Harbhajan Singh, Irfan Pathan...' 'But if I approach somebody for work, I never get it.'
While the Hero Group is working out a new brand strategy, Honda Motor Corporation is preparing to step on the gas and corner a larger share in what is ranked as the second largest two-wheeler market in the world.
The Tamil film industry won't forget Vijayakanth's large-heartedness, how he took care of fellow industry persons, male or female, rich or poor, young or old...recalls N Sathiya Moorthy. How he sent money quietly for the family of a stunt artiste to meet his funeral expenses, how he always ensured that all female co-stars, including junior artistes, had secure accommodation on outdoor shoots, and how he would always the first to rush help if anyone from the fraternity was in distress.
'We are calling companies to set up assembly plants for mobile phones while all the components are imported.' 'Only the last turn of the screwdriver is done here. And you call it self-reliance, Atmanirbharta, etc.' 'Unless you invest in research, you will not climb up the ladder. But this government is happy getting sub-contract work.'
Didier Drogba can expect a hero's welcome when he returns to the continent for the start of the group phase of Africa's World Cup preliminaries at the weekend, a fortnight after his Champions League triumph.
'What did these men mean to the government? What does its support for these men say about this government?'
'I saw an opportunity to provide people with employment, enabling them to sustain themselves and, in the process, help alleviate society's suffering.'
Cheteshwar Pujara made 49 and 43 in his two innings as Saurashtra lost to Haryana by four wickets.
'When my father travelled 5,000 miles to build a new home in Ireland, I doubt he ever dreamed that his son would one day grow up to become its leader.' Vaihayasi Pande Daniel/Rediff.com profiles Dr Leo Varadkar who will step down as Ireland's taoiseach (prime minister) next week.
A messy masala about an antihero bolstered by tons of whimsy, controversy and high drama, Khalnayak's hype is stuff of history. Sukanya Verma celebrates 30 years of this blockbuster.
Assocham is planning to write a letter to the West bengal chief minister, asking her to bring back the Tatas to regain business confidence.
In what may pave the way for Honda Motor's exit from Hero Honda, their joint venture with India's Hero Group, the latter has agreed to royalty payments of eight per cent of overall sales per annum to the Japanese automaker in return for a technology makeover and a stake sale.
Sarina Bolden headed the winner as the Philippines spoiled co-hosts New Zealand's party
Two-day event saw participation of venture capitalists, private equity funds, angel investors, etc.
Paolo Rossi described his performance at the 1982 World Cup, where he etched his name into football folklore, as 'personal redemption'
The K-shaped economic recovery in India from the pandemic slowdown shows in corporate results as well. The automobile sector, which represents big-ticket consumption, continues to do well and has increased its share in corporate revenues and profits while fast-moving consumer goods (FMCG) companies that sell low-ticket consumer goods are struggling with poor sales and earnings growth. The share of the automobile sector, including makers of auto ancillaries, in corporate net sales rose to a 10-quarter high of 10.05 per cent during July-September 2023 (Q2FY24) from 8.94 per cent a year earlier and 9.75 per cent in Q1FY24.
If Indian companies do not understand the roots of India's culture and genius, they will not succeed
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