If international crude oil prices zoom past the current level of about $90 per barrel and move towards $100 and beyond, middle-class consumers are not going to keep quiet about their discomfort, points out Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
'I was shocked by the kidnapping episode. I could have lost my life.'
Nine of the top-10 most valued domestic companies together added a whopping Rs 2,22,591.01 crore in market valuation last week, with heavyweights RIL, TCS and HDFC twins gaining the most. During the last week, the BSE benchmark Sensex rallied 1,690.88 points or 3.21 per cent. The index reached its all-time high of 54,717.24 on August 5. Barring Bajaj Finance, rest nine companies -- Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, Hindustan Unilever Ltd (HUL), ICICI Bank, HDFC, State Bank of India and Kotak Mahindra Bank -- logged gains.
Telecom giant Vodafone on Tuesday reported nearly three-times growth in net profit at 8.61 billion pounds ($12.42 billion) for the 2010 fiscal, mainly helped by growth in mobile data and cost cutting measures.
Double Olympic medallist, Sindhu faces top seed and World No 1 Tai Tzu Ying of Chinese Taipei in the quarter-finals. Ying beat Scotland's Kirsty Gilmour 21-10, 19-21, 21-11 to advance.
IndusInd Bank was the top gainer in the Sensex pack, zooming over 12 per cent, followed by Bajaj Finance, Axis Bank, ICICI Bank, Tech Mahindra, Bajaj Finserv and Kotak Bank. On the other hand, ITC, NTPC, Titan, Reliance Industries and ONGC were the laggards.
But earnings of main private holding firm get a booster dose from RIL dividend
India's merchandise exports rose by 22.63 per cent year-on-year to $33.79 billion in September on better performance by key sectors like engineering goods and petroleum products, according to official data released on Thursday.
The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said. The trading sentiment will be guided mostly by global trends in absence of major domestic events, they said. Markets would remain closed on Friday for 'Ganesh Chaturthi'.
Avdheshanand urged people to not come to the Kumbh mela for bathing in large numbers due to the COVID-19 situation and to follow the rules.
Transactions see 4-fold jump in a year; ICICI Bank tops Rs 1,000 crore (Rs 10 billion) in one month.
According to EY's private equity deal tracker, Brookfield-Reliance Jio's $ 3.7 billion deal is the largest ever PE/VC deal in India, surpassing the $ 2.5 billion investment made by Softbank in Flipkart in 2017.
Recovered from Covid, Katrina shoots an ad...Aditi sends Geeli Puchis...
'Favourable product mix, sales recovery, and cost saving initiatives are expected to support margins going ahead while focus on debt reduction (target of debt free by FY24) will aid balance sheet strength'
'These accusations of my film being a copy only makes our chances at the Academy harder.'
The market capitalisation of Tata Consultancy Services (TCS) on Wednesday breached the Rs 13.5 lakh crore mark -- the second company after Reliance Industries Ltd to achieve the feat. At close of trade, the market valuation of TCS stood at Rs 13,53,667.85 crore on BSE. The company had touched the Rs 13 lakh crore valuation level on August 17, when its market capitalisation (m-cap) stood at Rs 13,14,051.01 crore.
NASA's Curiosity rover has captured a strange white light dancing across the horizon of Mars and four blobs hovering in the sky, which UFO hunters claim are alien ships monitoring humans' baby steps into the universe.
Former US President Barack Obama has praised England forward Marcus Rashford for his work tackling child food poverty and the two discussed by video call how young people can make an impact on society.
Celeb-inspired V-Day looks to copy...
India's double Olympics medallist P V Sindhu continued her impressive run at the French Open badminton tournament, sailing into the women's singles semi-finals with a straight-game win over Thailand's Busanan Ongbamrungphan, in Paris, on Friday. Sindhu, seeded third, scripted a convincing 21-14, 21-14 win over eighth seeded in 38 minutes to extend her head-to-head record against the Thai to 14-1.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
These include Adani Enterprises, BEML, TVS Motor, KEC International, Sintex Industries, Ceat and Suzlon Energy.
The market capitalisation of BSE-listed companies reached an all-time high of Rs 261.73 lakh crore on Thursday, helped by a massive rally in the equities where the benchmark Sensex zoomed 958 points to end at a fresh lifetime peak. The 30-share BSE benchmark jumped 958.03 points or 1.63 per cent to settle at its new closing peak of 59,885.36. During the day, it gained 1,029.92 points to touch an intra-day record high of 59,957.25.
BCCI is unhappy at what transpired on Wednesday but also understand that a strong reaction at this juncture could be counter-productive.
More than 100 million new users added in just one year; mobile internet usage seen as next frontier.
'Sure, we are teenagers who are doing this part time, but we feel we are making some sort of an impact.'
On her 72nd birthday on September 18, Sukanya Verma gives three cheers to the legend and lists 20 of her stellar performances.
Investors have gained Rs 335,770.71 crore in two days of market rally, with the Sensex scaling its fresh lifetime peak on Wednesday. Rising for the second day, the 30-share BSE benchmark jumped 476.11 points or 0.82 per cent to close at its new all-time high of 58,723.20. During the day, it gained 529.97 points to 58,777.06, its intra-day record.
'Anglo-Indians have played a significant role at the forefront, meeting every challenge to the security of the motherland.' A fascinating excerpt from Barry O'Brien's The Anglo-Indians: A Portrait of a Community.
Namrata Thakker peeks into the travel diaries of these celebs.
Investors have gained Rs 3,93,349.08 crore in four days following a strong rally in the equity markets amid a declining trend in COVID-19 cases. In four consecutive sessions of gains, the 30-share BSE Sensex has climbed 1,299.91 points or 2.56 per cent. The BSE benchmark index on Monday closed at 51,937.44, a gain of 514.56 points or 1 per cent. In four days, the market capitalisation of BSE-listed companies zoomed Rs 3,93,349.08 crore to close at a record high of Rs 2,22,99,810.27 crore on Monday.
The market capitalisation of BSE-listed companies jumped to a record high of Rs 2,40,04,664.28 crore on Tuesday, driven by a rally in stocks that also saw the benchmark Sensex touching its lifetime peak of 53,887.98 points. Rallying for the second consecutive day on Tuesday, the 30-share BSE index closed at a fresh closing peak of 53,823.36 points, a jump of 872.73 points or 1.65 per cent. During the day, it zoomed 937.35 points to 53,887.98 points.
Investor wealth has jumped over Rs 16.70 lakh crore as markets extended its winning streak to the sixth session on Monday. The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday. During the day, the benchmark index jumped to its all-time high of 51,523.38.
The experienced Amanpreet Singh, Manu Bhaker and Meghana Sajjanar were among the Indian shooters who shone in the first-of-its-kind International Online Shooting Championship held on Wednesday. In the 10m air rifle event, Austria's Martin Strempfl finished at the top with 632.5, Sajjanar was second with 630.5 while Etienne Germond of France was placed third with 629.4.
Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year.
India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31, led by impressive growth in corporate tax and customs, taking the tax-to-GDP ratio to an over two-decade high of 11.7 per cent, Revenue Secretary Tarun Bajaj said on Friday.
'Yesterday, I was at a seed meeting where we gave outright grants up to Rs 20 lakhs or loans up to Rs 50 lakhs for new start-ups under 2 years.'
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