'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'
We the people are left in the wind, waiting on the whims of an unengaged president and an oligarch with a nearly bottomless wallet, observes Sree Sreenivasan.
'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'
In effect, he became the first former president to get the nomination for the top office after being convicted of a felony.
'India will want a lot of help from the US, but it's not going to want US troops.'
Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.
Many companies globally are still continuing with cost-cutting initiatives, including job cuts, as they are still uncertain of the economic situation and its long-term fallout, experts said.
Brazil return to winning ways with dreary win over Ecuador in their World Cup qualifiers.
Sarvesh Kushare said Neeraj Chopra's advice has boosted his confidence as at one point in time this year, he was not even sure of making the Paris Games cut.
More than half (56 per cent) of chief economists expect the global economy to weaken in 2024, with most saying the pace of geo-economic fragmentation will accelerate, according to the latest "Chief Economists Outlook" released on Monday at the World Economic Forum (WEF). The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative artificial intelligence (AI).
Wipro is betting on artificial intelligence (AI) and Cloud computing to earn more from its biggest contributor - the banking, financial services & insurance (BFSI) sector - which brought in 35 per cent of the revenue in FY23. The Bengaluru-headquartered firm also expects its consultancy arm Capco to aid in its vision. "Over the past few years, we have made significant investments in the BFSI sector and have improved our talent, capabilities, and processes in this space - both through organic investments and with the addition of Capco," Suzanne Dann, Wipro's chief executive officer for Americas 2 said.
India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as "decent" in view of the global macroeconomic conditions.
India's top technology companies will witness a tepid revenue expansion in the third quarter (October - December) of the current financial year (Q3FY24) - along expected lines - on the back of furloughs and no blockbuster deals, even as the momentum gained from Generative AI (GenAI) is likely to take centre stage. IT services and consulting firm Accenture's first quarter numbers in FY24 showed a significant pick up in GenAI spending. It signed new bookings to the tune of $450 million in this space, a surge from the $300 million signed in the whole of FY23.
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.
In cricket, we have something that we can share with our families, neighbours and indeed, the whole country. It is colour-blind, language-neutral, truly secular and transcends all regions, from Kashmir to Kerala and Mizoram to Maharashtra, explains Shreekant Sambrani.
German club Mainz 05 are ready to offload Gonzalo Jara after the Chile international whipped up a storm at the Copa America by sticking his finger up the backside of an opponent before falling to the floor theatrically when the player retaliated.
We should reassess what India's role in the world is and whether we are doing the right thing for ourselves, notes Aakar Patel.
Many political detainees have been released but former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti, who were whisked into custody in the early hours of August 5, 2019, are still in preventive detention.
A US federal judge in Houston has declared illegal a federal policy that prevents the deportation of hundreds of thousands of undocumented immigrants, including hundreds of Indians, brought to the US as children, but noted that the government can continue to process renewals of its current recipients.
Donald Trump's executive order prohibiting the entry of people from seven Muslim-majority nations widened the rift between the Trump administration and several leading American companies.
Next decade's annual growth is likely to be about 2 per cent, roughly same as the last 10-year average, says Martin Feldstein.
Slowing growth and execution challenges for Cognizant (CTSH) may well allow Infosys to overtake the former after a decade. Cognizant had marched ahead of Infosys in terms of revenue in the first quarter of financial year 2012-13. The Nasdaq-listed IT services firm's performance in Q3 and the guidance for Q4 and full-year 2022 suggest that it could take time for Cognizant to see the expected improvement in performance from its decision to restructure.
The change of heart in the US and India was propelled by the increased threat of China to both countries, explains Ambassador T P Sreenivasan.
Raj Sharma, 49, a senior vice president and a private wealth advisor with the Private Banking and Investment Group at Merrill Lynch in Boston, has been recognised for the third consecutive year as one of the best advisors in the US.
Russian Grand Prix organisers said on Thursday they were open to hosting two back-to-back races in Sochi this season to help Formula One flesh out a calendar reduced by the COVID-19 pandemic. Sochi, with a circuit winding around the Olympic Park used for the 2014 Winter Games, is due to host the Russian Grand Prix on September 27 although that stage of the calendar remains uncertain.
Technology giant Apple, which recorded $83 billion in revenue for the quarter ended June 2022, has reported a "near doubling" of revenue in India. Announcing financial results for its fiscal 2022 quarter ended June 25, Apple on Thursday said it has achieved a revenue record of $83 billion, up 2 per cent year-over-year. Apple CEO Tim Cook, during an earnings call, said the 83 billion dollar revenue was "better than we expected despite supply constraints, strong foreign exchange headwinds and the impact of our business in Russia."
'Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.'
Project Vivaan won big at the Solar Decathlon, placing second overall (and missing the first position by a whisker). Members of the award-winning Team Shunya tell Mrigank Warrier how they built a carbon-neutral, water-neutral, energy-positive home for a family of four.
'Family is everything to me too. And I cannot wait for America to get to know my husband Doug and our amazing kids, Cole and Ella'
This visit has ended on a vastly different note in comparison with Modi's previous visits. Call it a rebuke, call it a censure, call it a distancing from Modi, the sharp message would have gone home, observes Ambassador M K Bhadrakumar.
Former Afghanistan President Ashraf Ghani, who fled to the United Arab Emirates before the Taliban seized power last month, on Wednesday apologised to the people for leaving the country abruptly, saying he believed it was the 'only way to keep the guns silent and save Kabul and her six million people'.
Trump signed executive orders on August 6 that would prevent TikTok and WeChat from operating in the US as they threatened America's national security and economy.
Biden, 77, made his maiden public appearance with his running mate Harris on Wednesday and said that both of them are ready to get to work in rebuilding America and a better future for its people.
Hitting hard on the three and half years of the Trump administration during her first appearance after being picked as the vice presidential nominee of the Democratic party on Tuesday, Harris, 55, presented a long list of missteps taken by the current United States government.
Mamadou Sakho faces an uncertain future at Liverpool after the defender was sent back to England from the Premier League club's pre-season tour of America. According to British media reports, manager Jurgen Klopp was unhappy with the 26-year-old's attitude during their stay in California and ordered his return to Liverpool.
Banks' loans are set to grow at the slowest pace in a decade this financial year, as companies continue to shy away from borrowing in the current uncertain macro-economic environment.
Lionel Messi is still the best player in the world despite never winning a major international trophy for Argentina, former Barcelona team mate and Brazil great Ronaldinho said on Sunday. The 29-year-old Messi, who retired from internationals last month after Argentina lost to Chile in the Copa America final, is his country's top scorer with 55 goals. The five times World Player of the Year has played in three Copa America finals and the 2014 World Cup final, but lost them all.
China remains the elephant in the room and has to be tamed, which the United States alone is unable to do and therefore calls allies to come on board.
The United States has announced the end of its 20-year-old war in Afghanistan as the last American military flight flew out of the Hamid Karzai International Airport in Kabul shortly before the August 31 deadline.
Rediff.com takes a look at the most haunting images of the war that changed the destiny of two nations.
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