The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts.
New rules, new captains, but same excitement as two months of cricket extravaganza kicks off in Kolkata.
Continuing the downward trend, retail inflation fell to a five-month low of 4.31 per cent in January, mainly due to a decline in the prices of vegetables, eggs, and pulses. The Consumer Price Index-based retail inflation was 5.22 per cent in December and 5.1 per cent in January 2024. The previous low inflation was in August 2024 at 3.65 per cent.
The Hyderabad-based franchise has retained Klaasen for a whopping amount of Rs. 23 crores. Skipper Cummins was roped in for an amount of Rs. 18 crores. Openers Abhishek and Travis were retained for Rs. 14 crores each. Meanwhile, Nitish Reddy was retained by SRH for Rs. 6 crores.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
It will be interesting to see what shifts have been recorded in the last decade-and-a-half -- from the effects of demonetisation and Covid's second wave to the drop in fertility and increase in farm workers -- but we will only know this if and when the Census is conducted, points out Aakar Patel.
If mangoes become dearer or appreciate in price, we don't ask if the INR has appreciated or depreciated. We talk in terms of the value of mangoes, not INR. Likewise, in the forex market, we should now talk in terms of the value of dollars and not the INR, says Sonali Ranade
If mangoes become dearer or appreciate in price, we don't ask if the INR has appreciated or depreciated. We talk in terms of the value of mangoes, not INR. Likewise, in the forex market, we should now talk in terms of the value of dollars and not the INR, says Sonali Ranade
rediffGURU T S Khurana answers readers' personal income tax queries.
A few big IPL franchises had offered Rahul Dravid blank cheques to join them, but his choice was clear.
Wholesale price based inflation declined to a 3-month low of 1.89 per cent in November on cheaper food items, and experts predicted a 0.25 per cent interest rate cut by the RBI in the policy review in February. The Wholesale Price Index (WPI) based inflation was 2.36 per cent in October 2024. It was 0.39 per cent in November, last year. In August, 2024, it was 1.25 per cent.
BCCI announced a fixed match fee of Rs 7.50 lakh for all players selected to play the IPL league games with an additional 1.05 crore income over and above their salaries.
The Board of Control for Cricket in India (BCCI) on Sunday announced financial assistance to the Paris Olympics-bound Indian athletes
AB de Villiers said that if Mumbai Indians (MI) star and Indian skipper Rohit Sharma moves to Royal Challengers Bengaluru (RCB), it would be a massive headline-making move
'The rest of the members of the Playing XI, including the Impact Player, were each individually fined either INR 6 Lac or 25 per cent of their respective match fees, whichever is lesser.'
Delhi Capitals made exciting additions to their squad at the IPL Mini-Auction 2024 in Dubai on Tuesday. The franchise bagged the hard-hitting Harry Brook for INR 4 crore along with Australian fast bowler Jhye Richardson for INR 5 crore and West Indian wicketkeeper-batter Shai Hope for INR 75 lakh.
The ground staff and curators of all the 10 regular IPL venues will be given Rs 25 lakh each.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
Pant was guilty of maintaining a slow-over in the game against Kolkata Knight Riders in Visakhapatnam on Wednesday.
BCCI announced a whopping Rs 125 crore prize money for the Indian cricket team for winning the T20 World Cup 2024.
Sagar said they are hoping that India's wicketkeeper batter will soon make a return and play in IPL 2024
Foreign investors have injected close to Rs 33,700 crore in domestic equities in this month so far primarily due to interest rate cut in the US and resilience of the Indian market. This also marks the second highest inflow in a month in this year so far, the last one being in March, when Foreign Portfolio Investors (FPIs) infused Rs 35,100 crore, data with the depositories showed. Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Tasting success with the relaunch of Sensex derivatives in the onshore market, BSE is preparing for the 'offshore' debut of its 30-share index, which has become synonymous with the domestic markets. Sources in the know said that the India International Exchange (India INX), a subsidiary of BSE, received approval in July from the International Financial Services Centres Authority (IFSCA) to launch Sensex 30 derivatives contracts.
Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in June, according to data with the depositories. While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said.
'Investors looking at the next 6-12 months can be certain that the Fed will maintain its easing cycle, and we expect the overall environment to be conducive for fixed income investments for portfolio diversification.'
Rishabh Pant will miss Sunday's crucial match against RCB after he was handed a one-match suspension for maintaining a slow over-rate.
The star-studded TPL auction saw the presence of the tennis icons Leander Paes, Mahesh Bhupathi and Sania Mirza, who gathered together after many years to promote the sport, along with Bollywood celebs Rakul Preet Singh and Sonali Bendre.
The Indian Premier League governing council revealed changes ahead of the IPL mega auction, which is likely to be scheduled for November.
'If tech giants like Amazon, Google, Apple and Meta enter the IPL broadcasting arena, it could further revolutionize sports media in India.'
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
Shami recently underwent a successful Achilles heel surgery in London for his right heel problem.
The swindled amount is nearly half of WazirX's total assets.
The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.
The second edition of the TATA Women's Premier League Player Auction list is out with a total of 165 cricketers set to go under the gavel on December 9th in Mumbai.
Unwilling to jeopardise its cordial relationship with the all-powerful BCCI, the England and Wales Cricket Board (ECB) has rejected a lucrative 10-year buy-out offer of their franchise-based property 'The Hundred' from former IPL commissioner Lalit Modi, the Daily Telegraph reported.
Calling all cricket lovers to take a crack at our latest IPL quiz.
India pacer Prasidh has been laid low by a lumbar stress fracture that will require the Rajasthan Royals bowling spearhead to go under the knife.
West Indies pace sensation Shamar Joseph, who single-handedly won a Test against Australia last month, was on Saturday roped in by Lucknow Super Giants (LSG) for the upcoming IPL season as replacement for England's Mark Wood.
Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday said India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Nageswaran further said that the rupee is being managed in a manner that reflects the fundamentals of the economy. "India is not defending the rupee... I don't think Indian fundamentals are such that we need to defend the rupee. "The rupee can take care of itself," he said at an event in New Delhi.
The roster for the Indian Premier League (IPL) 2024 Player Auction has been unveiled, featuring 333 cricketers scheduled to go under the gavel in Dubai at the Coca-Cola Arena on December 19th.
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