ICICI Bank has reversed its decision to raise the minimum monthly average balance (MAB) for new savings accounts in metro and urban locations to Rs 50,000, revising it instead to Rs 15,000, effective August 1. The MAB for new savings accounts in semi-urban locations has been revised from Rs 25,000 to Rs 7,500, and for rural locations from Rs 10,000 to Rs 2,500.
Ahead of the Neeraj Chopra (NC) Classic in Bengaluru, two-time Olympic medallist Neeraj Chopra expressed his emotions for the tournament where he said that the national flag has to fly higher on its own soil.
Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said.
Arjun Erigaisi and R Praggnanandhaa finished in sixth and seventh position respectively, even as Grandmaster Levon Aronian of the United States reigned supreme in the Freestyle Chess Grand Slam.
The cricketer, who was part of India's T20 World Cup 2024 winning squad, said such awards, however small in nature, will work as an inspiration for young athletes to bring laurels to the country.
Purnendu Maji and Srinivas Bhogle present Rediff's Most Valuable Player Index of IPL 2025 after Game 55.
Even shadow Purple Cup winner Prasidh couldn't escape Vaibhav's onslaught on Monday night!
FIDE Women's World Cup final: Humpy draws with Divya in first game
From the 30 Sensex pack, IndusInd Bank plunged over 18.50 per cent after the firm reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down by concerns over its asset quality. Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards.
World champion D Gukesh overcame a loss against Leinier Dominguez Perez to beat the American duo of Wesley So and Fabiano Caruana to stand at fourth spot.
Srinivas Bhogle and Purnendu Maji present Rediff's Most Valuable Player Index of IPL 2025 after Game 39.
Aronian sits on six points, followed closely by compatriot Fabiano Caruana on five after two wins and a draw. Gukesh shares the third place with another American, Wesley So, while Vachier-Lagrave and Leinier Dominguez Perez are tied for fifth with three points each.
World champion Dommaraju Gukesh was beaten by compatriot Ramesh Praggnanandhaa and ended up two points behind Magnus Carlsen, with 15.5, in the Super United Rapid and Blitz Chess Tournament in Zagreb, Croatia, on Saturday.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2025 after Game 29.
'India are strong favourites'
Grand Chess tour: Magnus wins Super United Rapid and blitz with a round to spare
Grand Chess Tour: Gukesh in joint lead with Carlsen and Wesley So after day one
World champion Dommaraju Gukesh scored one win and four draws on the opening day to slip to joint-sixth in the St. Louis Rapid and Blitz chess tournament, a part of the Grand chess tour, in St. Louis (USA), on Friday.
Like Gukesh, Aronian was just able to draw two games and lost one.
'Iron body with heart of a Lion. Mohammed Siraj.'
After declining to a three-year low in FY24, the private sector investment is expected to fall further in the current financial year, India Ratings said in a research note.. The investments in the private sector are likely to plummet to below 11 per cent of the GDP in FY25, based on the trends from the latest national accounts data and company fillings, it noted.
Bumrah receives his ICC awards for 2024 during India-Pakistan match in Champions Trophy
Reigning World champion Dommaraju Gukesh's roller-coaster ride continues. The Indian Grandmaster suffered defeat in an Armageddon tie-break and slipped to tied-fifth place, while Arjun Erigaisi upset American world No.2 Hikaru Nakamura to maintain fourth position in the Norway Chess tournament.
Srinivas Bhogle and Purnendu Maji present Rediff's first Most Valuable Player Index for IPL 2025.
Michael Vaughan wasted no time reigniting his playful rivalry with Wasim Jaffer - a duo known for their sharp-witted exchanges on X.
Reigning World champion D Gukesh finally got his revenge on Magnus Carlsen as he pounced on a blunder by the World No 1 to defeat him for the first time in a classical game.
D Gukesh will take on Magnus Carlsen in the opening round in what should be one of the most keenly-contested matches at the Norway Chess tournament.
Group Captain Shubhanshu Shukla, the first Indian astronaut at the International Space Station (ISS), conducted a critical biomedical experiment aboard the ISS on flight day 6 of the Axiom 4 Mission, focusing on how microgravity contributes to muscle loss.
'Right now, I'm happy with the game that I played today. Tomorrow (Friday), hopefully, another good game I can play. And whatever the result will be, we'll see later. But yeah, just focusing on playing the game.'
All 12 of Rohit's Test hundreds came in the winning cause for India.
Reigning world champion D Gukesh continued to turn adversity into opportunity as he wriggled out of a virtually intractable position to beat compatriot Arjun Erigaisi for the first time ever in a classical game and jump to sole second position after round 7 of the Norway Chess.
'Most of my birthdays I end up losing the game, so glad it did not repeat in the classical. When I was playing, I felt fine, but when I was losing, I was like, 'ok, not again'.
From the Sensex pack, Sun Pharma, Eternal, Tata Motors, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the major laggards. In contrast, Tech Mahindra, Infosys, Asian Paints and Maruti were among the gainers.
The RBI's monetary policy committee is expected cut benchmark interest rate by 25 basis points in its policy review meeting next month to push growth, India Ratings and Research (Ind-Ra) said on Thursday. "We expect the headline inflation in FY25 to cool off to 4.7 per cent. Monetary easing may be limited to 75 bps in FY26," Ind-Ra Chief Economist and Head Public Finance, Devendra Kumar Pant said.
Gukesh suffers crushing loss against Nakamura, Erigaisi wins in Norway Chess
Jaiswal Blazes, Gill Leads: India's Young Guns Dominate Opening Day
Among Sensex stocks, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti, Bajaj Finserv and NTPC were the biggest gainers. However, Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel and Bharti Airtel were among the laggards.
From the Sensex firms, Adani Ports, Bajaj Finance, Tech Mahindra, IndusInd Bank, Nestle and Tata Steel were among the major laggards. In contrast, Mahindra & Mahindra, Titan, Larsen & Toubro, Bharti Airtel and Maruti were among the gainers.
Among Sensex firms, Tata Consultancy Services, Adani Ports, Hindustan Unilever, Nestle, Bajaj Finserv and NTPC were the laggards. IndusInd Bank, Titan, Mahindra & Mahindra and Maruti were among the biggest gainers.
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