The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.
Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'.
Exports to India's key markets - the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany - witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed. India's biggest export market - the US - with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports.
Global trends and the Covid situation in China would drive the equity markets this week, which may also see volatility amid the scheduled derivatives expiry on Thursday, said analysts. According to analysts, investor sentiment remained subdued last week amid surging Covid cases in China and a few other nations. Also, stronger US growth data has cemented expectations of the Federal Reserve continuing with its hawkish stance, which added to the muted trend.
Royal tragedies, loony vampires, nuclear disasters, scoop hunters becoming the story, all that and more on OTT this week.
By the time, Mumbaikar gets to where it wants to be via a twisty third act, we begin to see how much better the film could have been. But it's almost too little, too late, complains Mayur Sanap.
BJP in Telangana alleged that the ruling BRS is behind the posters.
On his 50th birthday on May 25, Sukanya Verma celebrates the man and his movies.
The removal of unauthorised construction at Union minister Narayan Rane's bungalow in Mumbai's Juhu area started on Thursday, a civic official confirmed.
Shreyas Iyer's father Santosh has a unique WhatsApp DP: his son donning the whites and holding the 2017 Border Gavaskar Trophy.
Deepa Gahlot lists 10 popular Mani Ratnam films that you can watch on streaming platforms.
Kumaraswamy was speaking after releasing the first list of 93 JD-S candidates for the election.
West Bengal Chief Minister Mamata Banerjee makes momos at a local stall in Darjeeling.
The Delhi Police on Sunday said it will question the estranged wife of the owner of the farmhouse, where actor-filmmaker Satish Kaushik attended a party a day before his death, following her allegation that her husband 'was planning to get rid' of him.
Sales of Mercedes-Benz in the country have jumped by 36.67 per cent to 16,497 units in 2022-23 amid high demand for its top-end vehicles, according to its India MD & CEO Santosh Iyer. "This is the highest-ever sales recorded by the company in any financial year," he stated. In the luxury car segment of India, Mercedes-Benz is the market leader with about a 42 per cent share.
The executive committee approved a few suggestions that were earlier forwarded to it by the competitions committee, the first of which was concerning the senior men's national football championship for Santosh Trophy.
There is no mention of Kolar, the second seat from where senior party leader and former Chief Minister Siddaramaiah, wants to contest, in addition to Varuna, where his name is already cleared.
The police will also ask Kamble about who kept the threatening letter at a bench in Bandra area of Mumbai on Sunday, he said.
A meeting is being held at the Bharatiya Janata Party's headquarters chaired by the party's national general secretary (organisation) B L Santosh on Sunday over the 2024 Lok Sabha Election.
The former India all-rounder and member of the 1983 World Cup-winning team's name appeared on the BCCI's Draft Electoral Rolls (on the BCCI's website) for the October 18 elections and Annual General Meeting as a representative of the Karnataka State Cricket Association, instead of KSCA secretary Santosh Menon.
Stock markets this week would take cues from global trends, the announcement of domestic macroeconomic data such as GDP numbers and foreign fund movement, analysts said. Besides, monthly auto sales and Purchasing Managers' Index (PMI) data for manufacturing and services sectors would also influence trading in the market, they added. Benchmark BSE Sensex tumbled 1,538.64 points or 2.52 per cent last week amid concerns that the US Federal Reserve might raise interest rates further to curb inflation.
Sukanya Verma raises a toast to the man and his movie magic.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
A list of guests at the party has also been prepared, the officials added.
Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange. This will be the second time in three months that the company is increasing prices of its vehicles. The ex-showroom price of the company's model range will increase by up to 5 per cent from April 1, 2023, the company said.
Saamna said Fadnavis' remarks on his return were funny and cautioned that he "should not forget that Eknath Shinde is the Chief Minister".
Karanjit Singh signs one-year contract extension with Kerala Blasters FC
A contractor who had accused the Karnataka Rural Development and Panchayat Raj (RDPR) Minister K S Eshwarappa of demanding 40 per cent commission for a contract, was found dead in a lodge in the coastal town of Udupi on Tuesday morning.
Ek Mini Katha highlights an important body issue, but in many ways, it also trivialises it, notes Divya Nair.
Police said a hunt for assailants behind Wednesday morning's firing incident at the station is underway.
With this, the Cabinet will reach its full strength of 34.
One more Shiv Sena MLA from the Uddhav Thackeray camp joined CM Shinde's faction, taking its tally to 40.
Arjun Erigaisi is in joint lead with 4.5 points from five rounds along with World No. 1 Magnus Carlsen and Vladimir Fedoseev after holding the Norwegian superstar in round five.
Party sources are tight-lipped about the fate of Tyagi, who is a trusted aide of Kumar, the party's supreme leader, but has reportedly often left the latter embarrassed by going public on issues without waiting for a nod from the boss.
Police have booked more than 10 people for 'promoting enmity' after they allegedly burnt photocopies of the pages of Ramcharitmanas in the Vrindavan area of Lucknow on Sunday.
High dividend yield stocks usually perform well in a rising interest rate environment when investors value cash flows more.
A special screening of the Web series Apharan 2: Sabka Katega Dobara was held in Mumbai.
The collegium, in a meeting held on Monday, approved the proposal for elevation of nine judicial officers as judges in the Punjab and Haryana high court.
The new cabinet, predictably, has a sizeable number of Yadavs and Muslims, though members of other sections of the society also find a place.
The stringent National Security Act (NSA) has been invoked against two people lodged in jail for allegedly burning photocopies of extracts from the Ramcharitmanas, officials said on Monday.
