Bharti Airtel was the top gainer in the Sensex pack, rising around 3 per cent, followed by HUL, HDFC, ITC, IndusInd Bank, SBI, Sun Pharma, ONGC, Tech Mahindra, L&T and Asian Paints. On the other hand, Kotak Bank, Nestle India, Tata Steel, Bajaj Finance and HDFC Bank were among the laggards.
The economics and pricing of the Covishield vaccines and the government's own decision to pay higher prices raise more than a few questions, observes Prosenjit Datta.
Equity benchmark Sensex tanked over 1,000 points in the opening session on Friday tracking losses in index majors ICICI Bank, HDFC twins and Reliance Industries amid a negative trend in global markets.
'I could see the silhouettes of three men on the sixth floor.' 'I pointed them out to the NSG personnel standing beside me and suggested they take them out.' 'They did not have the clearance to fire.'
The laggards include FMCG (16 per cent), Energy (37 per cent) and Media (34 per cent).
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
The Union government's role and the prices announced by the vaccine makers raises far too many disquieting questions, observes Prosenjit Datta.
So should airlines play the keening, trance-like Siddi folk music from the Kutch peninsula? The Sufiana Kalam of Kashmir? Carnatic music? Rabindra Sangeet? Bihu melodies? Classical music from the Hindustani gharanas? Ghazals? Bhajans? Bollywood hits?... asks Kanika Datta.
Adversarial Harmful Networks -- India Case Study, cited in Facebook whistleblower Frances Haugen's SEC complaints, revealed, among other things, that Facebook was a preferred platform for 'fear-mongering anti-Muslim narratives' in India, observes Devangshu Datta.
A bench of Chief Justice Dipankar Datta and Justice G S Kulkarni was hearing a Public Interest Litigation (PIL) seeking that drugs being used to treat COVID-19 patients be made available directly at hospitals, and isolation and quarantine centres where such patients are treated.
The Bombay high court on Saturday granted an interim stay to the operation of parts of the recently notified Information Technology Rules, 2021 which require that all online publishers follow a "code of ethics" and norms of conduct.
The cost of not vaccinating the entire population quickly will be far higher than bearing the entire cost of vaccination, points out Prosenjit Datta.
The Bombay high court on Friday asked the Union government what was the need to introduce the recently notified Information Technology Rules, 2021 without superseding the existing IT Rules that came into effect in 2009.
Salian, 28, died on June 8 this year after falling off the 14th floor of a residential building in suburban Malad, following which the the city police had registered an Accidental Death Report.
Justice Rekha Palli, who was hearing Batra's petition alleging that the Table Tennis Federation of India (TTFI) was carrying out its selection processes in a non-transparent manner and targeting certain individuals such as herself, said that based on the committee's report, she would consider the issue of appointing an administrator to run the national sports body.
The court has now tagged all the three pleas together for a joint hearing on October 8. The latest plea, filed by NGO 'In Pursuit of Justice', sought that the court widen the scope of the Contempt of the Court Act to include any obstructions that could hamper the administration of justice from the time a first information report is registered in a case.
It was women who unambiguously bore the brunt of the lockdown joblessness, says Kanika Datta.
Teams of the National Disaster Response Force (NDRF) were roped in to rescue hundreds of stranded people, they said.
'The phone numbers of over 40 Indian journalists appear on a leaked list of potential targets for surveillance, and forensic tests have confirmed that some of them were successfully snooped upon by an unidentified agency using Pegasus spyware,' report Anuj Srivas and Kabir Agarwal in The Wire.
Scenes from their fun holiday.
Bollywood celebrated Raksha Bandhan with their siblings over the weekend, and posted lovely pictures on Instagram.
The OF saga has led to sex-workers looking at cryptocurrency as an alternative, notes Devangshu Datta.
Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
There's a lot of action on the OTT platform this March, thanks to some interesting film and Web series coming up.
Militant labour policies compounded a poor security environment for capital in West Bengal and encouraged the business community to relocate. constraining the private sector's right to hire freely could well be the coup de grace. As with Calcutta/Kolkata, it will probably take a decade for Gurgaon/Gurugram to feel the difference, says Kanika Datta.
Singh said in his plea before the high court that Deshmukh held meetings at his residence with several Mumbai police officials, including Waze, in February this year.
The Bombay high court on Thursday said the Union government's allocation of Amphotericin-B, a key drug used in the treatment of mucormycosis or black fungus, appeared to be irrational, and the supply to Maharashtra was not adequate considering the number of cases in the state.
While the coaching module has been tweaked to make it more appealing for modern coaches, what came as a pleasant surprise was the introduction of a "corporate problem-solving class", where the incumbents were asked to find methods of trouble shooting while dealing with multiple off-the-field stakeholders.
Hearing PILs about "media trial" in the case, the court remarked that the media has become "polarised".
If India wants to become a globally competitive manufacturing hub, it will have to rethink the notion that the traditional SMEs will form the manufacturing backbone, argues Prosenjit Datta.
The Bombay HC on Monday directed the Central Bureau of Investigation to conduct a preliminary inquiry within 15 days into allegations of corruption and misconduct made by former Mumbai police chief Param Bir Singh against Maharashtra Home Minister Anil Deshmukh.
DDCA official said that neither did Ponting speak to any of the groundsmen, nor was he promised a fast track.
Twitter can probably afford to wait it out. But would it have the moral courage to do so? asks Devangshu Datta.
Former Australia captain Mark Taylor on Sunday warned that ban on the usage of saliva in cricket, in wake of the COVID-19 pandemic, runs the risk of upsetting balance between bat and ball in Test matches. The International Cricket Council has banned the use of saliva on ball as an interim health safety measure to combat the spread of coronavirus -- a move that has raised concerns about the game becoming even more batsmen friendly.
Rediff readers share their best pictures of India from their travels.
The pandemic has changed the way people see the government. It has eroded trust in the administration's ability to tackle a crisis, any crisis, observes Devangshu Datta.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
Indian businesses' weak ability to compete overseas says much about the infirmities imposed by the intensity of government dominance of economic policy and the nature of this dominance, observes Kanika Datta.
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