High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
Pakistan Cricket Board (PCB) chairman Mohsin Naqvi has decided to watch the Champions Trophy matches from the stands, after selling the 30-seat VIP Hospitality Box offered to him for around 400,000 dirhams (INR 94 lakh), and putting the proceeds into the PCB's coffers. Naqvi was offered the premium seating for himself, his family, and guests for the matches in Dubai. However, he chose to sell the box and watch the game, including the game against India, from regular enclosures to experience the atmosphere with the fans.
BCCI's healthy bank balance got healthier this year with an approximate increase of Rs 4200 crore, taking the overall earnings to a whopping Rs 20,686 crore.
On day two of IPL 2025, 24-year-old Vignesh Puthur left teammates and spectators in awe with a performance that showed class and maturity.
Ishan Kishan and Shreyas Iyer were left out from the list of centrally-contracted players last year, after failing to show up for domestic cricket despite a directive from the BCCI.
The Indian rupee may experience some volatility in the early days of Donald Trump's presidency, but it is likely to stabilise soon after, a report by the State Bank of India (SBI) said on Tuesday, terming this short term phenomenon as "Trump Tantrum".
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The ticket sales for India's Champions Trophy matches to be played in Dubai will begin on Monday evening.
A Dhaka court has ordered the freezing of 31 bank accounts linked to ousted prime minister Sheikh Hasina, her family members and their associates over corruption allegations. The accounts, holding a total of Tk 394.6 crore (INR 281.2 crore approximately), belong to Hasina, her son Sajeeb Wazed Joy, daughter Saima Wazed Putul, sister Sheikh Rehana, nephew Radwan Mujib Siddiq Bobby and their related organizations. The Anti-Corruption Commission (ACC) claims Hasina and others are trying to transfer the money from these accounts, prompting the court to issue the freezing order.
The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar.
For the home side, it has been a season of mixed returns so far. After early defeats to Royal Challengers Bengaluru and Mumbai Indians, KKR roared back to form in their last outing -- a commanding win over Sunrisers Hyderabad.
Among Sensex shares, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance, Zomato, Nestle, Bajaj Finserv, Maruti and Titan were the biggest gainers. Sun Pharma, Power Grid, Tata Consultancy Services, Tech Mahindra, Asian Paints and Tata Motors were among the laggards.
Varun Chakravarthy, a key player for both the Indian team and the Kolkata Knight Riders, emphasizes the importance of consistency and reveals he is working on new variations to his spin bowling.
Healthcare and energy conglomerate Torrent Group has acquired majority stake in IPL franchise Gujarat Titans.
Among Sensex shares, Zomato, NTPC, Adani Ports, ICICI Bank, State Bank of India, Reliance Industries, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and Axis Bank were the major laggards. UltraTech Cement and HCL Technologies were the only gainers.
Ashutosh, who has been picked by DC for INR 3.8 crore at the mega auction, first crossed paths with Dhawan during his stint with Punjab Kings, where he found not just a teammate but a mentor, who had a massive influence in his approach to the game.
'He brings immense value to the team - not just in terms of tactics, but also in terms of creating a winning culture.'
From the 30-share blue-chip pack, Adani Ports dropped over 4 per cent. UltraTech Cement, Sun Pharma, IndusInd Bank, NTPC and Tata Steel were also the among the laggards. Nestle, ICICI Bank, Infosys, Tata Consultancy Services and HCL Tech were among the gainers.
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.
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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.
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.
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
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.
A few big IPL franchises had offered Rahul Dravid blank cheques to join them, but his choice was clear.
rediffGURU T S Khurana answers readers' personal income tax queries.
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.
The Board of Control for Cricket in India (BCCI) on Sunday announced financial assistance to the Paris Olympics-bound Indian athletes
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.
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.
Pant was guilty of maintaining a slow-over in the game against Kolkata Knight Riders in Visakhapatnam on Wednesday.
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.
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
Rishabh Pant will miss Sunday's crucial match against RCB after he was handed a one-match suspension for maintaining a slow over-rate.
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