After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
India will be represented by a record 15 shooters at the Tokyo Olympic Games.
The stock jumped 12.9 per cent to Rs 95.80 at Bombay Stock Exchange.
Thai shuttler Bodin Issara, banned for two years for physically assaulting former doubles partner Maneepong Jongjit, has asked authorities to cut his opponent's suspension for the on-court brawl so that he can play in the World Championships.
Top gainers in the Sensex pack included Infosys, Bajaj Finance, Maruti, HUL, HCL Tech and Reliance Industries, while M&M, IndusInd Bank, ITC, PowerGrid and L&T were among the losers. The NSE Nifty settled 190.80 points, or 2.51 per cent, down at 7,801.05.
History would indicate that a recession is not that far off.
Soaked in patriotism, hundreds of Indians on Monday proudly marked the country's 70th Independence Day, as the tricolour fluttered and the national anthem reverberated at Indian missions across the world.
In a bout which had very few clear punches, Mary Kom prevailed 9-1 to make the squad
Deepika managed to stay in the top 10 in the qualification round with a total score of 663.
The BSE benchmark Sensex on Wednesday plunged about 275 points to close at 25,246 on across-the-board selling as costlier oil due to rising conflict in Iraq threatens to hurt the India economy.
Some foreign guest workers in the US will be able to re-submit their applications for the H1-B visa, the most sought-after non-immigrant visa among Indian IT professionals, if their petition was solely rejected because it was based on the initial registration period, according to a federal agency. According to the US Citizenship and Immigration Services (USCIS), such re-submission of applications is for those whose applications have been rejected or administratively closed solely because the requested start date was after October 1, 2020. The H-1B visa allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.
News of all that's transpired on and off the football field
Gunmen armed with rifles opened fire in six different locations in central Vienna on the city's final night before coronavirus lockdown on Monday.
The lawsuit seeks to overturn these sweeping and unlawful immigration restrictions that are an unequivocal not welcome sign to the engineers, executives, IT experts, doctors, nurses, and other critical workers who help drive the American economy.
The $5.7 billion total includes $1.6 billion in fines separately imposed by the US Federal Reserve on the five banks.
Barcelona striker Luis Suarez has been given a two-match cup ban for using provocative language after their King's Cup last-16 first-leg clash against Espanyol, the Spanish federation said on Friday. At the end of a bad-tempered derby on Wednesday which Barca won 4-1, insults were exchanged by both sets of players in the tunnel after leaving the pitch.
Daniil Medvedev dominated Canada's Felix Auger-Aliassime 6-4, 7-5, 6-2 on Friday to reach the US Open final courtesy of a dozen aces in just a little over two hours.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Alleging breach of contract and intended violation of the Foreign Exchange Act, the Indian Hockey Confederation (IHC) has requested the Reserve Bank of India to stop payment of US $500,000 by the 2010 World Hockey Cup organisers to the International Hockey Federation (FIH).
Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in federal court in Dallas, the US Securities and Exchange Commission accused Stanford, who sponsored international cricket matches, and two other executives of fraudulently selling $8 billion in high-yield certificates of deposit in a scheme..
Across most of the developing world, outflows have gathered pace.
The tennis greats announced on Wednesday that they had committed to lead the teams for the first three years of the new competition, patterned after golf's Ryder Cup
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
Organisers hope the anxious buildup will be forgotten when the action begins.
Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).
Summary of sports events and persons who made news on Monday
Portugal suspended coach Carlos Queiroz for one month on Thursday and fined him 1,000 euros ($1,284) for insulting anti-doping agents before the soccer World Cup, but cleared him of obstructing anti-doping activity.
World number one Novak Djokovic extended his winning run in Asia when he strolled into the last-16 of the Shanghai Masters.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Will space tourism with a niche market of serving only the uber-rich ever be profitable, asks Kumar Abishek.
The rupee ended lower by six paise at 65.73 against the US dollar on Monday.
A two-year extension at the helm of the RBI still looks a real possibility
China is going to be an indispensable partner in Russia's ongoing crisis with the US, while on its part, China cannot remain indifferent if Russia gets crushed by the US, lest it loses 'strategic depth', observes Ambassador M K Bhadrakumar.
Novak Djokovic endured a fierce challenge to his Melbourne Park reign before overhauling Dominic Thiem 6-4, 4-6, 2-6, 6-3, 6-4 on Sunday to clinch an eighth Australian Open crown and reclaim the world number one ranking. He captured the decisive break in the third game of the final set, then held firm as Thiem made desperate assaults on his serve. Going for broke in a nerve-shredding final game, the fifth seeded Austrian went for the lines but missed twice to hand Djokovic one of his most hard-earnt triumphs.
'Invest a part of your portfolio in a global currency that can't be printed, or meddled with -- gold,' suggests Chirag Mehta.
The Italian federation (FIGC) is determined to complete the season and its president Gabriele Gravina has been presenting new ideas on an almost daily basis of how that can be done. Meanwhile, Turkmenistan in Central Asia is set to resume its soccer season with spectators at the weekend, making it only the second country in the world to let fans attend matches as the new coronavirus shuts down almost all of world football.
All the top action from Day 8 of the 2022 Winter Olympic Games in Beijing on Saturday.
Impressed by India's performance at the Doha International Tournament, Aussie boxers want exchange programme with India, claims coach Gurbax Singh Sandhu
Indian boxing's biggest names are demanding an all systems reboot to halt the sport's decline after a medal-less Olympic campaign in Rio and their roadmap goes beyond having the much-delayed national federation.
He reached the halfway mark in 59.35 seconds, 11 seconds inside the target, and ran remarkably consistently with his one-kilometre times fluctuating between 2.48 and 2.52 seconds.
