'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.'
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.
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 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.
Images from Day 7 of the 2021 French Open at Roland Garros in Paris on Saturday.
The Swiss beat David Ferrer 6-4, 6-0 at Monte Carlo Masters to clinch his 500th professional win.
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.
Images from Day 2 of the Wimbledon tennis championships in London, on Tuesday.
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.
'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.'
Roger Federer clinched his first title of the season before the start of his Wimbledon defence when he battled back from a set down to beat Russia's Mikhail Youzhny 6-7(5),6-3, 6-4 and win the Halle Open on Sunday.
Before the group photo session, US President Biden walked towards Prime Minister Modi and exchanged pleasantries and warmly shook hands.
Having dug in early on to stay with Federer, Nishikori ended up running away with the match to inflict a first straight sets defeat in the ATP Finals round-robin stages on the 20-time Grand Slam champion.
Unseeded Novak Djokovic was given some trouble by Jeremy Chardy in the opening set but prevailed 7-6(5), 6-4 to take his record over the Frenchman to 11-0 and 26-0 in sets.
NSE recorded almost 145 crore (1.45 billion) equity trades on its platform last year, a gain of 3 per cent from 2012, making it the biggest among 51 global peers, according to data with the World Federation of Exchanges.
As per the latest data compiled by the World Federation of Exchanges, a total of 11.64 crore trades took place in the equity segment of NSE in September this year, making it the world's largest exchange on this category.
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.
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.
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.
Images from Tuesday, Day 8 of the 2021 Wimbledon Championships, in London.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
Twice Shanghai Masters champion Roger Federer was far from his best against Spain's Roberto Bautista Agut but did enough to reach the quarter-finals with a 6-3, 2-6, 6-4 win on Thursday.
The former head of world athletics' governing body, Lamine Diack, was convicted in France on Wednesday of corruption in a Russian doping scandal and sentenced to spend at least two years in jail.
They are followed by Shenzhen SE, NYSE and Shanghai SE, as per an analysis of data compiled by the World Federation of Exchanges
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.
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India Development Update on Tuesday. High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel. Notwithstanding an increase in spending due to expanded fertilizer subsidies and food subsidies for vulnerable households in response to the commodity price shock, the government is on track to meet its FY22/23 fiscal deficit target of 6.4 per cent of GDP and the general government deficit is projected to decline to 9.6 per cent from 10.3 per cent in FY21/22 and 13.3 per cent in FY20/21.
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.
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.
Boom, bust or a bit of both: as the jury bides time before ruling on the US 'recession', the economy's vital signs at a perplexing time of high-interest rates, still-punishing inflation, and surprisingly strong economic gains are a study of a growing debate over whether the world's largest economy is barrelling into a new downturn. With the US Federal Reserve's (Fed's) inflation fighters attempting the risky pursuit of 'pillow-soft landings' and its economy sending out mixed signals, if there is indeed a recession, it could spell trouble for domestic equities and corporate earnings growth.
Borna Coric ended Roger Federer's 20-match winning streak on grass, beating him 7-6(6), 3-6, 6-2 in the Halle Open final on Sunday while also bringing to a halt the Swiss maestro's reign as World No 1.
World number five Roger Federer delivered a tennis masterclass to beat rising star Alexander Zverev 6-1, 6-3 and clinch a record ninth Halle Open title on Sunday as he lay down a marker in the lead-up to Wimbledon.
Krrish, Ravi enter semis of Asian Youth & Junior Boxing Championships
Defending champion Andy Murray eased into the Wimbledon quarter-finals for the 10th successive year with a 7-6(1), 6-4, 6-4 victory over Benoit Paire on Monday.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
Images from Day 1 of the Australian Open in Melbourne on Monday.
A summary of Day 2 at Wimbledon on Tuesday.
Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. Delivering the annual KP Hormis (Federal Bank founder) commemorative lecture in Kochi this evening, the governor was quick to acknowledge and assure that the domestic financial sector is stable and the worst of inflation is behind us. Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact on the external debt servicing ability of nations, Das said, "We have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us."
The Enforcement Directorate on Saturday said it has searched the Bengaluru-located office and residential premises of Edtech major BYJU's and its CEO and co-founder Raveendran Byju and seized 'incriminating' documents and digital data as part of a foreign exchange violation probe.
Football legend Pele described the FIFA corruption scandal as a "shame", but made it clear that the reputation of the game was not tarnished.
