Gautam Adani, India's second-richest man, and seven others including his nephew Sagar have been charged with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion profit over 20 years.
American Hans Niemann filed a $100 million defamation lawsuit against Carlsen and Chess.com in October 2022 after the allegations that he had cheated.
The Bombay Stock Exchange has emerged as one of the top ten bourses globally in terms of valuation of shares traded, with its market valuation nearly doubling to Rs 60,79,892 crore ($1.31 trillion) last year.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
'Despite their contrasting playing styles -- Sindhu's calm demeanour versus Marin's fiery intensity -- the two aces share an undeniable bond. Their mutual respect for each other's abilities is evident in their interactions off the court.'
Aseem Chhabra picks his top 10 Indian films of 2024, which includes films that have had theatrical releases or are streaming on OTT.
Among the 30 Sensex firms, Asian Paints, Infosys, JSW Steel, UltraTech Cement, Power Grid, Larsen & Toubro, HCL Technologies and Tata Steel were the biggest laggards. Tata Motors, HDFC Bank, Bharti Airtel, ITC, IndusInd Bank and Axis Bank were the gainers.
Imane Khelif beat Hungary's Luca Anna Hamori by unanimous decision in a welterweight quarter-final fight at the Paris Games on Saturday to ensure Algeria's first Olympic boxing medal since 2000.
Tennis legend Roger Federer and Olympic Gold medalist Neeraj Chopra met in Zurich, marking a rare convergence of two iconic athletes from different sporting domains.
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
Caruana kept his slender half point lead going in to the final round in the 10-player round-robin tournament, a part of the Grand Chess tour.
Race walker Suraj Panwar gears up for debut within debut at Olympics
Bodin Issara's on-court punch-up with his former doubles partner Maneepong Jongjit during Sunday's Canada Open final is being investigated by the Badminton World Federation (BWF).
Lorenzo Musetti faces seven-times Wimbledon champion Novak Djokovic in the semi-finals.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
Ravi Narain, managing director and chief executive officer (CEO) of the National Stock Exchange, is set to take charge as chairman of the working committee of the World Federation of Exchanges.
India's merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data. Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.
'In Parliament, he was the one person who stood for democracy and secularism even when the principal Opposition party was not very forthright in taking on the BJP and RSS.'
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
Rules governing short-selling in various jurisdictions continue to generate controversy among regulators, lawmakers and market participants. While the US capital market regulator Securities and Exchange Commission has banned short-selling of financial shares after it was blamed for the collapse of Lehman Brothers, in India, the practice had come under the scanner as foreign institutional investors were lending stocks overseas to facilitate short-selling.
With the Australian Open currently on, defending champion Novak Djokovic has once again been dubbed as a favourite to retain the title, and former world No. 17 Bernard Tomic of Australia firmly believes there will be no one to challenge the great Serbian.
Tokyo Olympics bronze medallist Lovlina Borgohain kickstarted her campaign on an impressive note by notching up a thrilling win at the 12th edition of the IBA Women's World Boxing Championships in Istanbul on Monday.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
The two standout performers will meet after 21-year-old Greek debutant Tsitsipas eclipsed six-times champion Roger Federer 6-3, 6-4 and Austrian Thiem dispatched defending champion Alexander Zverev 7-5, 6-3.
The reigning Youth World champions Alfiya Pathan and Gitika produced sensational performances to win gold medals, while India's other two female boxers Kalaivani Srinivasan and Jamuna Boro signed off with silver medals in the Elorda Cup.
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.
Croatia became the first team to win the mixed-gender team competition following the tournament's return to the tennis calendar after a four-year absence.
Images from Day 7 of the 2021 French Open at Roland Garros in Paris on Saturday.
tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.
Before the group photo session, US President Biden walked towards Prime Minister Modi and exchanged pleasantries and warmly shook hands.
Images from Day 2 of the Wimbledon tennis championships in London, on Tuesday.
Novak Djokovic stunned defending champion Roger Federer 7-6, 7-5, 6-4 to reach his second Australian Open final on Thursday after a match of high emotion which threatened to boil over. The hard-hitting Serb, who captured his only Grand Slam title in Melbourne three years ago, clearly rattled Federer who exchanged words with him in the third set.
The IOA appointed ad-hoc committee has decided to conduct the Asian Games wrestling trials behind closed doors after parents of some of the wrestlers got into a heated argument with panel members at the IG Stadium on Friday.
The Enforcement Directorate on Monday seized three offices in a prime location in Mumbai, valued more than Rs 41 crore, as part of a foreign exchange violation probe against a businessman whose name figured in the Panama Papers.
The Swiss beat David Ferrer 6-4, 6-0 at Monte Carlo Masters to clinch his 500th professional win.
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