The Badrinath temple committee has removed its treasurer, Sandesh Mehta, after 'overwriting' was detected in the donations logbook and the quantity of silver in the temple locker exceeded recorded amounts, amidst an ongoing investigation into alleged irregularities.
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
The Supreme Court on Friday sought response from the Centre and others on a plea alleging that female sanitation workers at the Maharashi Dayanand University in Haryana were asked to prove through pictures of their private parts that they were menstruating.
The Kailash Mansarovar Yatra, a pilgrimage to Mount Kailash and Lake Manasarovar in Tibet, will resume on June 30 after a five-year hiatus due to the COVID-19 pandemic. The yatra will be conducted in five groups of 50 people each, with the first group entering China via Lipulekh Pass on July 10 and the last group departing on August 22. The pilgrimage, which holds great religious significance for Hindus, involves circumambulating Mount Kailash and taking a bath in Lake Manasarovar, believed to be the abode of Lord Shiva.
The market capitalisation (mcap) cutoff to qualify for mutual funds' (MFs') largecap universe is likely to go up for the fifth consecutive time to touch the Rs 1 trillion mark for the first time. A fresh list of largecap, midcap, and smallcap stocks is set to be released by the Association of Mutual Funds in India (Amfi) in the first week of January.
The newly inaugurated Pamban Bridge in Rameshwaram, Tamil Nadu, is designed to withstand cyclones of greater intensity than the 1964 disaster that significantly damaged the old bridge. The new bridge features a vertical lift spanner and is built to withstand wind speeds of 230 kmph and considerable seismic loading, according to a senior official from the Rail Vikas Nigam Limited (RVNL). The bridge's construction incorporated several safety protocols, including a seated lift spanner and girders positioned well above sea level, ensuring minimal risk from high tides and cyclones.
A round-up of Sunday's action in the Syed Mushtaq Ali Trophy group stage matches.
The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
Domestic institutional investors (DIIs) have infused a record Rs 4.6 trillion into Indian equities over the course of Samvat 2080, marking the highest net annual investment in any Samvat to date. This robust domestic inflow has effectively counterbalanced the comparatively subdued investments from foreign portfolio investors (FPIs), who contributed a net Rs 90,956 crore within the same timeframe. Against this backdrop, the Nifty 50 and BSE Sensex indices are on track to achieve their best performance in three Samvat years, despite recent market corrections.
The new Vande Bharat Express train is specially designed to operate seamlessly in Jammu & Kashmir's challenging winter conditions for the upcoming Katra-Srinagar rail route.
The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.
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The estimated market borrowing by these two companies during current fiscal were pegged at Rs 13,800 crore (Rs 138 billion) from markets, as per the interim Railway Budget for 2014-15 tabled in February.
Gujarat chief minister and Bharatiya Janata Party's prime ministerial candidate Narendra Modi's close ties with big corporate groups has once again come under focus with the Congress 'bringing out details' on how he distributed largesse at the cost of the state government.
In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore (Rs 149.42 billion) from markets.
India's iconic Vande Bharat train project may finally find a solution to its two Russian-related issues.
He further said that the "focus is on horizontal drilling" as rock formation has created challenges for vertical drilling.
In line with Prime Minister Narendra Modi's vision to introduce bullet trains in the country, a team of Railway officials will visit Beijing on November 24 to take forward the Delhi-Chennai high-speed corridor project, the longest in India.
The company proposed to move site for supply to Gujarat from Korba to coastal Mundra within 10 days of signing PPA.
Notwithstanding the recent sharp decline in the stocks of public sector companies, analysts at Jefferies remain bullish on this segment. State Bank of India, Coal India, and NTPC are their top picks in this space, they said in a recent note. The public sector undertaking (PSU) or state-owned enterprise (SOE) index, with a 70-percentage-point outperformance versus the National Stock Exchange Nifty50 over the past 12 months, comes after a decade of underperformance before 2020.
The 41 workers trapped in Uttarakhand's Silkyara tunnel for the last 11 days are likely to be rescued in the next few hours or by tomorrow, National Disaster Management Authority (NDMA) member Lt Gen (retd) Syed Ata Hasnain said on Thursday evening.
In what could hit trading on Power Exchange of India Ltd, the Forward Markets Commission has warned it to cease trading in contracts beyond 11 days of payment and delivery. The FMC has also advised traders to desist from trading such contracts on PXIL.
The Haj Committees and Kumaon Mandal Vikas Nigam Ltd, which organise the religious pilgrimages will not have to Service Tax.
Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex.
Rescue work at the collapsed Silkyara tunnel in Uttarakhand was virtually on hold Sunday as the agencies involved in the effort set themselves up for the next stage -- adopting multiple approaches to reach the 41 men trapped inside for a week.
As many as 267 of 453 companies from the BSE500 index are trading above their consensus price targets, according to the data compiled by Bloomberg. Not all companies in the BSE500 index are tracked by analysts.
Ending the line at Pipalkoti will mean the army will have to cover a longer distance to the China border by road than it would have needed to had the rail link gone up to Joshimath.
The dream-run in railway stocks may soon run out of steam, caution analysts. The rally, which has lasted nearly a year, may meet time-wise correction post the Union Budget announcements as investors begin scalping profits. "There is going to be a build-up in expectations for the sector from the Union Budget, which is still two-odd months away.
After a 59-year wait, an ancient trade route across a 150-year-old bridge is open near the India-China border in Uttarakhand.
Deogarh District Deputy Commissioner Amit Kumar, Superintendent of Police P Murugan and two other Health department officials were placed under suspension, hours after 10 devotees were killed in a stampede in the temple town of Baidyanath Dham.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Higher power tariff would have fetched Tata's Mundra UMPP Rs 25,000 crore (Rs 250 billion) and Adani's project an additional Rs 18,500 crore (Rs 185 billion)
'The cracks I saw yesterday were the largest I have seen in my life. We are scared.'
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
India Inc very keen to do business in Gujarat.
The training was expected to begin soon.
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
