The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
The senior IPS officer said Tata displayed resoluteness, uncharacteristic of his calm demeanour, when the iconic hotel came under attack.
The two-day away tie will be played from April 16 on the indoor hard courts at the National Tennis Centre, Lielupe, Jurmala.
'Studying was never an important part of our life, surviving was.'
Kharge alleged that Dhankhar is working as a government spokesperson and acting like a school headmaster, often sermonising experienced opposition leaders and preventing them from speaking in the House.
Rutuja Bhosale rallied from the brink in the deciding set to win yet another marathon contest but Ankita Raina suffered her second straight singles defeat as India and Taiwan were locked 1-1 in their Fed Cup match , in Dubai, on Friday.
Foreign portfolio investors (FPIs) have net sold domestic shares worth over $10 billion so far this month amid a shift to China, which not only offers attractive valuations compared to India but has also announced several measures to support the economy and the stock market in recent weeks. If the trend doesn't reverse, this will be the first time that overseas funds will yank out more than $10 billion from Indian equity markets in a month.
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. "On the rate front, a lot of central banks are taking independent calls.
From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers. Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
In an exciting back-and-forth rubber lasting three hours 45 minutes, Siniakova held off the 19-year-old Fed Cup debutante to give the Czechs a 3-0 win in the final against a United States team who were the defending champions but were missing their top players.
Amelie Mauresmo crushed American Meghann Shaughnessy 6-2 6-1 on Sunday to power France to their second Fed Cup title.
"Indian markets (are) well placed to absorb the US Fed rate hike. Gradual approach in future increases augurs well for emerging markets," Economic Affairs Secretary Shaktikanta Das has tweeted.
Adah Sharma, who seems to be holding back an eye roll, is the only half-way decent actor amidst the crowd of amateurs and a bored-looking Rahul Dev in Reeta Sanyal, observes Deepa Gahlot.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
RBI will now increasingly shift focus to domestic parameters
Leandro Trossard transformed the mood at Arsenal with the winning goal as they recovered from an early setback to beat Tottenham Hotspur 2-1 at home.
India's largest IT services firm TCS on Thursday reported a 4.99 per cent increase in its September quarter net profit at Rs 11,909 crore. The Tata Group company had reported a net profit of Rs 11,342 crore in the year-ago period, while in the preceding quarter, it had a post tax net of Rs 12,040 crore, a company filing said.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners. On the other hand, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid were among the laggards.
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said.
People gathered at the airport long before her arrival and they celebrated Manu Bhaker's feat with song and dance, beating of drums and holding banners.
The rupee has depreciated by 0.6 per cent so far in the current financial year.
Many things are going unnoticed by India watchers.
Germany forward Deniz Undav scored two first-half goals in six minutes to guide them to a 2-1 victory over Bosnia on Friday and keep them top of their Nations League group.
IMAGES from the Champions League matches played on Tuesday.
The United States survived a fright from little Latvia on Saturday before winning 3-2 in a Fed Cup qualifier as Serena Williams suffered her first career singles loss in the team event. Switzerland, Spain, Belgium, Slovakia, Germany, Russia and Belarus also moved through to the inaugural 12-nation showdown in Budapest.
The Reserve Bank of India (RBI) abstained from selling any US dollars throughout February, for the first time in nine months. The decision comes amid increasing pressure on the rupee, as expectations of rate cuts by the US Federal Reserve keep pushing back. The last time the RBI did not sell dollar over a month was in May 2023.
Inflation is expected to remain low in the near term, in part because of the further declines in energy prices.
Benchmark Sensex rose by 443 points to close at a new record high while Nifty settled above the 24,100 mark on Monday on buying in banking and IT shares in line with gains in Asian and European markets. The 30-share BSE Sensex settled higher by 443.46 points or 0.56 per cent at an all-time high of 79,476.19.
rediffGURU Dr Deepa Suvarna offers advice on how to protect your children from illnesses.
'The problem is that the bubble may not only be in valuations, but also in investors' minds.'
Barty had some trouble in the first set against the two-time Australian Open champion and saved three break points at 5-5 to go on to win 7-6(2), 6-3 and level the tie at 1-1.
Karolina Pliskova and Petra Kvitova won their opening singles matches to give Czech Republic a commanding 2-0 lead in their Fed Cup semi-final against Germany in Stuttgart on Saturday.
During the September quarter (Q2FY25), Hindustan Zinc's (HZL's) revenue was reported at Rs 8,300 crore (up 22 per cent year-on-year or Y-o-Y, and 2 per cent quarter-on-quarter or Q-o-Q), marginally above consensus. Operating profit stood at Rs 4,100 crore (up 31 per cent Y-o-Y and 5 per cent Q-o-Q), also a small beat. The operating profit margin was 50 per cent, up from 48.5 per cent in Q1FY25.
Shah said the decision was taken to free the nation from colonial imprints as the Andaman and Nicobar Islands had an "unparalleled place" in the country's freedom struggle and history.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
Victoria Azarenka will miss this week's Fed Cup final in Minsk against the United States due to an ongoing custody battle with her baby son's father, the former world number one said on Tuesday.
Corporate bond issuances fell by around 22 per cent in August, despite easing yields as issuers delayed raising funds awaiting the US Federal Reserve to start cutting interest rates from this month. Corporates and financial institutions expect yields to fall further and borrowing costs to become cheaper, said market participants. The US Fed is widely expected to cut interest rates by 25 bps in the 17-18 September meeting, marking the start of a downward interest rate cycle.
