'It is for the people of that state to decide whether what has happened is appropriate or not. But normally a party does not lose its support base just because of some MLAs jumping ship'
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
Mohun Bagan beat East Bengal 1-0 to win Durand Cup title for first time after 23 years
"Confidence in the vaccine is what brings us here this morning," the US vice-president said in remarks following his vaccination. "I didn't feel a thing. Well done."
From the Sensex pack, Tata Steel plunged nearly 5 per cent. Other major laggards were Tata Motors, State Bank of India, Bajaj Finserv, Reliance Industries, Wipro, IndusInd Bank, Larsen & Toubro and Maruti Suzuki.
The Supreme Court Thursday dismissed a plea filed by Facebook India Vice President and MD Ajit Mohan challenging the summons issued by the Delhi Assembly's Peace and Harmony committee for failing to appear before it as witness in connection with the north-east Delhi riots last year.
Shares of eight of the ten listed firms of the Adani Group ended with gains on Tuesday after taking a beating in recent sessions. Adani Enterprises stock jumped 14.22 per cent to settle at Rs 1,364.05 on the BSE. During the day, it rallied 19 per cent to Rs 1,421.95.
Senior Congress leader Ghulam Nabi Azad on Friday resigned from all party positions, including its primary membership, delivering another blow to the embattled party that has seen a series of leaders leave it.
He, however, made it clear that a sudden change cannot be expected as it was a "sensitive matter" related to an age-old custom and tradition.
Alva, 80, would file her nomination papers on Tuesday, July 19 which is the last date for filing nominations for the August 6 election.
In a series of tweets, Modi said he also thanked Harris for all the support and solidarity from the US government, businesses and the Indian diaspora.
Benchmark stock indices Sensex and Nifty cut short their four-day gaining streak to close lower by half a per cent on Wednesday due to profit-taking in banking oil and metal stocks amid weak trends in global markets.
Infosys Technologies is being sued again by a former senior employee for discrimination on the basis of age, gender and ethnicity while hiring in the US. The suit filed by Jill Prejean, vice-president of talent acquisition, has alleged that the company discriminated and retaliated when she tried to point out the discriminatory actions. Infosys' motion to dismiss the claims made by Prejean was rejected by a judge from the United States District Court Southern District of New York.
This is purely cricketing invitation and shouldn't be mixed with politics: BCCI VP Shukla on Pakistan visit
The first -- and only -- United States vice presidential debate between Mike Pence and Kamala Harris is over. It was a far more civil affair than last week's debacle between US President Donald Trump and former US Vice President Joe Biden. The tone for much of the 90 minutes was a marked contrast to last week's chaotic and bitter slam-fest between their running mates.
Equity markets would be mainly driven by global trends and foreign fund trading activity in the holiday-shortened week, analysts said. The BSE and the National Stock Exchange have listed March 7 (Tuesday) as a holiday on account of Holi. However, stock brokers' association ANMI has urged the government, exchanges and Sebi to shift the holiday to March 8 from March 7.
RBI's interest rate decision, macroeconomic data and global trends would dictate terms in the equity market in a holiday-shortened week, analysts said. Besides, the focus will also be on foreign portfolio investors' trading activity, they added. Equity markets will remain closed on Tuesday for 'Mahavir Jayanti' and on Friday on account of 'Good Friday'.
Harris cited the accomplishments of President Abraham Lincoln during the Civil War, who "saw a better future and built it with land grant colleges, and the transcontinental railroad."
Harris recounted how she and her team got a call that Biden wanted to talk and then got another call where she was told Biden wanted to do a zoom call. She described how she went in "our little makeshift office" and then when the call started Biden immediately asked her to join the ticket. After referring to her mother, Harris also described how husband Doug Emhoff's ear was on the door outside the room listening in on the call. Eventually Jill Biden and Emhoff joined the call with Biden and Harris.
Among the Sensex firms, ITC, SBI, Titan, Power Grid, Larsen & Toubro, Tata Motors, Hindustan Unilever and UltraTech Cement were the major laggards.
In a letter to jailed RJD supremo Lalu Prasad, the veteran leader wrote he was quitting the party. "Since the death of Jannayak Karpoori Thakur, I stood behind you for 32 years, but not now," he wrote in his brief one-line resignation letter to Prasad, who is serving sentences in four fodder scam cases in Ranchi.
"Every day, Kamala has been fighting for justice on behalf of the only client she's ever had: the people," said Douglas Emhoff.
Harris, 55, is the first Indian-American to be selected for the second-highest elected office of the United States after that of the president. She is also the first-ever Black and first-ever African American to be nominated as a vice-presidential candidate by a major political party.
Stock markets would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends this week, analysts said. The US debt ceiling negotiations and institutional flows will also be watched by investors. "This week, market participants will closely monitor institutional flows, as there is a historical observation that when both FIIs and DIIs become net buyers simultaneously, there is a likelihood of some profit-booking in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
'I would evaluate her on her past policies towards American Hindus and her future approach towards the community'
'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'
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.
In the absence of major domestic events, equity markets will be driven by global trends, foreign fund flows and movement in the Brent crude oil, analysts said. The major global events this week are the European Central Bank interest rate decision and China's inflation rate, they added. "Indian equity markets are outperforming most of their global peers and trying to show resilience despite weak global cues.
IndusInd Bank was the biggest loser in the Sensex pack, shedding 7.46 per cent, followed by SBI, Tata Motors, M&M, Bajaj Finserv, Axis Bank and Infosys. In contrast, Tech Mahindra was the only winner.
WhatsApp on Wednesday announced the expansion of its payments service in India to make it easier for people transacting with businesses to pay for purchases directly in the chat, with a choice of UPI apps, including rival digital payment options, as well as credit and debit cards. Meta founder and CEO Mark Zuckerberg asserted that India is leading the world in people and businesses embracing messaging. WhatsApp said it is working with partners Razorpay and PayU "to make paying for something as simple as sending a message", as the Meta-owned platform unveiled a host of new features to woo businesses in India's booming commerce market.
Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said. Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday. "Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday.
Recalling that he had already informed the House that the government would not make any compromises in case of allegations of violation of human rights during police custody, Stalin said he had ordered the suspension of ASP Balveer Singh accordingly.
Investors became richer by over Rs 2.27 lakh crore on Monday as equities rebounded, with the BSE Sensex rallying over 1 per cent amid continuous foreign fund inflows and upbeat global markets. The 30-share BSE Sensex jumped 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it zoomed 799.9 points or 1.31 per cent to 61,854.19. Following the rally, the market capitalisation of BSE-listed firms jumped by Rs 2,27,794.46 crore to Rs 2,76,06,443.06 crore.
From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers. Power Grid, Larsen & Toubro, Maruti, Titan, HDFC Bank, Wipro, HDFC and ITC were among the laggards.
Havelock should be your destination for 2024. It is love at every sight!
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'.
Modi on Thursday became the first Indian leader to address the joint session of the US Congress twice.
Following the order, the Peace and Harmony Committee of the Delhi Assembly deferred its proceedings, and said it would notify the further course of action and the next date of sitting in due course of time.
Pelosi and House Democrats had pressed Pence and the Cabinet to remove Trump from office in the aftermath of the January 6 breach of the US Capitol by thousands of the president's loyalists.
