India's economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, the newly appointed CII president Rajiv Memani said on Thursday.
With India's inclusion in global bond indices starting next financial year, the central government believes there will be greater scope for shifting to borrowings via long-term government securities (G-sec) from short-term instruments. This change may be factored into the FY25 interim Budget. "While this has been our focus, the inclusion of India in global bond indices gives us the opportunity to accelerate the shift towards longer tenure G-secs," an official said, requesting anonymity.
The ceasefire follows Israeli airstrikes on Syria on Wednesday, which Israel said were carried out to protect the Druze, a minority Arab religious group.
"When the fuel control switch has to be cut off, the pilot flying will say, fuel control switch left, confirm. So, after the confirmation is made by the second pilot, the pilot monitoring will cut off (the switch).
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
Adani Group chairman Gautam Adani has reaffirmed Adani Enterprises' ambitions for aggressive expansion, committing to invest up to $20 billion annually over the next five years. "Our capital investment across businesses is set to break all records.
National record-holders Gulveer Singh and Parul Chaudhary are also competing in the men's 5000m and women's 3000m steeplechase events respectively, making this the country maximum representation ever in a DL event.
When asked about Prahar Janshakti Party leader Bachhu Kadu's hunger strike, Fadnavis said district guardian minister Chandrashekar Bawankule will speak to him.
The court noted that no appreciable steps have been taken ever since an order was passed by it on June 13 to deploy central forces in sensitive areas for the poll process.
The SEC claimed that BSF could not provide central forces to more than 10,000 booths.
US Secretary of State Marco Rubio on Thursday spoke separately with External Affairs Minister S Jaishankar and Pakistani Prime Minister Muhammad Shehbaz Sharif, emphasising the need for de-escalation and reiterated his calls for Pakistan to take concrete steps to end any support for terrorist groups.
A statement issued by State Department Spokesperson Tammy Bruce said Landau "reaffirmed the United States' strong support of India in the fight against terrorism and the strategic partnership between the two countries".
A preliminary investigation into the Air India Flight 171 crash in Ahmedabad reveals that both fuel switches were cut off before the crash, followed by pilot confusion. The report also indicates that fuel samples were satisfactory and no immediate action is recommended for Boeing 787-8 operators.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
The US wants India to recognise internationally accredited labs, harmonise labelling requirements and the validity period of test reports and certification with global practices, and eliminate retesting requirements.
Following a more than 15 per cent surge in the National Stock Exchange (NSE) Nifty 50 from this year's lows, the spread between the 10-year government security (G-sec) and the Nifty earnings has approached the danger zone of 2 percentage points (ppt). At present, the G-sec yield is roughly 7.09 per cent, while the Nifty earnings are 5.12 per cent. As a result, the spread works out to 1.98 ppt, ever so slightly below the danger mark of 2 ppt.
Of these only 150 attacks were successful, officials said on Monday.
A rollercoaster of emotions: Tejaswin finds silver in South Korea
A robust show during the March quarter of 2024-25 (Q4FY25) and hopes of a strong demand momentum have led to an upward revision of Mahindra & Mahindra's (M&M's) earnings. With a slew of launches lined up amid a steady demand environment, brokerages see M&M outperforming peers in passenger vehicles (PVs), tractors and commercial vehicles (CVs).
The phone conversation came amid escalating tensions between India and Pakistan over the April 22 terror attack that killed 26 civilians.
In the absence of several Indian and foreign para athletes, who had initially confirmed their participation but pulled out for various reasons, there were several events where the participation was a bare minimum -- in some disciplines just one athlete participated.
Markets regulator Sebi has launched a centralised database portal for corporate bonds in a bid to create a single, authentic source of information on such securities. The portal -- Bond Central-- has been developed by Online Bond Platform Providers Association (OBPP Association) in collaboration with Market Infrastructure Institutions (MIIs) comprising stock exchanges and depositories.
The United States on Thursday said it supports India's right to defend itself and its fight against terrorism as US Defence Secretary Pete Hegseth dialled Defence Minister Rajnath Singh amid rising tensions between India and Pakistan over the Pahalgam terror attack.
Gulveer Singh clocked 28 minute 38.63 seconds to win the gold to claim the gold medal in the men's 10,000m race at the Asian Athletics Championships.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'If the criminal or civil charges are deemed unworthy or defective, Trump's new justice department and SEC can withdraw the criminal and civil cases.'
With the RBI infusing Rs 7.5 lakh crore in liquidity -- and possibly more in the future -- the short- to medium-term corporate bond market is expected to benefit.
US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd.
Dewald Brevis' brisk 57 and all-round show from Delano Potgieter - 12-ball 25 not out and 5/10 in three overs - powered them to a massive 97-run win in the tournament opener.
'What I will say is on the US and India relationship, we believe that it stands on an extremely strong foundation anchored in ties between our people and cooperation across a full range of global issues.'
There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.
The introduction of tax deducted at source (TDS) on income from central government securities and state bonds may not lead to a significant effect on retail participation, according to market participants. The Union Budget proposed that starting October 1, 2024, investors may face a 10 per cent TDS on investments in central government securities and state development loans (SDLs). "Last Budget, TDS on interest on securities was reintroduced.
He further criticised South Africa's use of the G20 platform to promote "solidarity, equality, and sustainability" to promote "Diversity, Equity, and Inclusion (DEI) and climate change."
The accused, Syed Nasru, had cut the udders of the cows in Vinayakanagar of Chamarajpet in the wee hours of Sunday, they said.
Cops also called Manorama, her husband Dilip and three others, all shown as accused in the FIR, as "influential and politically active" persons, in the court in Paud that remanded Manorama in police custody till July 20.
This is SRH's second overseas investment after owning the Sunrisers Eastern Cape in the SA20.
The SEC, which held a meeting on Sunday evening, went through reports of vote-tampering and violence which affected polling in many places, and passed the order, an official said.
The traffic police also issued an advisory in view of the protest planned outside the BJP office at the Deen Dayal Upadhyay Marg, while entry and exit have been disallowed at the nearest ITO metro station.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
The Subject Expert Committee (SEC) under the Central Drugs Standard Control Organisation has recommended the conduct of Phase III clinical trials of Russia's single dose COVID-19 vaccine Sputnik Light.
