According to Morgan Stanley, high government deficit and strong growth in rural wages (which is growing at around 20 per cent year-on-year for last three years) are key factors keeping inflation expectations high.
England and Wales Cricket Board chairman David Morgan is set to take over as next president of the International Cricket Council in 2008, according to BBC.
After an extremely stable 2023, the Indian rupee started 2024 on a promising note and has turned out to be the best-performing Asian currency so far in January, appreciating 0.1 per cent despite 2 per cent rise in the dollar index. All other Asian currencies depreciated by around 1.4-4 per cent during the month. The local currency regained its ground against the greenback on the back of foreign portfolio inflows, said market participants.
Financial services company Morgan Stanley's Asia chief Stephen Roach is more bullish on Indian economy than China.
YouTuber Prajakta Koli announced her engagement to boyfriend Vrishank Khanal.
Eoin Morgan's brilliant unbeaten 89 led England to a 15-run victory over Australia in an entertaining first one-day international at Lord's on Friday.
England's Eoin Morgan plundered 125 not out for his maiden Test century to help dig his team out of trouble and steer them to 331 for four at stumps on day one of the first Test with Pakistan on Thursday.
The deal underscores a growing trend of consolidation in Asia's wealth management industry.
England could hardly have made a worse start to the sport's most important tournament, losing by 111 runs to Australia last weekend and then suffering an embarrassing eight-wicket loss to New Zealand on Friday.
Eoin Morgan feels that England have enough variation and quality in their bowling attack to trouble the star-studded India batting line-up in the upcoming four-Test series beginning at Lord's next week.
Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.
What was intended to be a fun challenge, turned out to be an unmemorable one, with Piers Morgan ending up with a broken rib.
Domestic markets may see the return of retail investors finally as earnings from equities have turned positive in recent months, brokerage firm Morgan Stanley said.
England's limited overs captain Eoin Morgan sees the upcoming three-match ODI series against India as a formidable challenge and expressed happiness at the quality of the teams his side will face in the two warm-up games in Mumbai, on Tuesday, and on January 12.
However, the second quarter of FY24 is expected to be muted, and, with that, the hope of double-digit growth is now being pushed to FY25. However, analysts are expecting the momentum in the closure of record total contract values (TCVs) will continue, as has been the case over the last two quarters.
A look at the records set during India's innings against the Netherlands in the ICC World Cup match in Bengaluru on Sunday.
Classy centuries from captain Eoin Morgan and Joe Root propelled England to a seven-wicket victory over New Zealand.
rediffGURU Ashwini Dasgupta offers advice on what you can do to grow in your career and shine at the workplace.
Wipro was the biggest loser among Sensex firms, sliding 2.32 per cent, followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv were among the gainers.
India's aviation industry is not moving towards profitability any time soon
Eoin Morgan played a captain's knock, as England outplayed a listless India in all departments and record a crushing seven-wicket victory in the first T20 International to take a 1-0 lead in the three-match series.
These cricketing legends gathered as part of MCC's World Cricket Committee, a body that meets twice a year to address issues in the game.
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
English skipper Eoin Morgan expressed disappointment in the manner his side surrendered in the tri-series final to Australia by 112 runs but said that they will come back stronger in the World Cup beginning on February 14.
In a remarkable comeback, foreign portfolio investors (FPIs) have pumped Rs 1.7 lakh crore into the Indian equity markets in 2023, propelled by confidence in the country's robust economic fundamentals amid a challenging global landscape. The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust.
It has also reduced its year-end target for the BSE benchmark Sensex by 15 per cent to 18,850.
The Sensex is down by nearly 22 per cent from an all-time high of 21,206.77 points scaled on January 10, 2008.
According to Morgan Stanley, this December should prove 'good for bulls'.
Actively managed debt funds with the flexibility to go long on duration made a strong comeback on the returns chart in 2023, thanks to softening bond yields. The average one-year returns of floater, long-duration, gilt, and dynamic bond funds, which ranged between 2.3 per cent and 4.5 per cent at the end of 2022, now stand at over 7.2 per cent, with some schemes delivering over 8.5 per cent, according to data from Value Research. Debt fund returns are inversely related to yields of underlying investments, meaning a decline in yields is positive for funds.
Global investment bank Morgan Stanley today named P Jayendra Nayak, the former chairman and chief executive officer of Axis Bank, as its new chief executive and country head for India. Nayak, who will replace Narayan Ramachandran, is slated to join on April 5.
ICC names Sachin Tendulkar as 'Global Ambassador' for ODI World Cup
Wants to jointly develop the office space at Bandra-Kulra Complex.
Leicester beat Southampton to open seven-point gap at the top.
Seeing Dubliner Eoin Morgan become England's World Cup skipper was a 'wee bit irritating' for Ireland.
Parkway, which is the biggest listed hospital chain in Asia, is now at the centre of a probable bidding war between the Singh Family-promoted Fortis Healthcare and Khazanah.
British TV personality Piers Morgan has trolled Dutch footballer Robin van Persie, whose switch from Arsenal to Manchester United has been a sore point for many, on Twitter after Manchester United beat Crystal Palace on Saturday.
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Among the Sensex firms, Bajaj Finance jumped the most by 4.64 per cent. Bajaj Finserv, Kotak Mahindra Bank, Asian Paints, UltraTech Cement, ICICI Bank, NTPC, JSW Steel and Tata Steel were among the major gainers. Infosys, Mahindra & Mahindra, Wipro, Tata Consultancy Services, IndusInd Bank and HCL Technologies were the major laggards.
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
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