Fund managers are withdrawing after a two-year long run in public sector bank (PSB) stocks. Domestic mutual funds (MFs) were net sellers of PSB stocks for the first time in nine quarters, offloading shares worth Rs 1,800 crore in the March quarter, said a report by ICICI Securities. In the previous eight quarters, fund houses had invested more than Rs 10,000 in PSBs amid deep discounts in valuation vis--vis their private sector peers.
PHOTOS of the IPL 2023 Qualifier 2 match between Gujarat Titans vs Mumbai Indians at the Narendra Modi Stadium in Ahmedabad on Friday.
Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.
Rising star Brandon Nakashima handed fellow American John Isner a first round defeat at the Indian Wells.
Automotive retail sales saw a 14 per cent rise in March on a year-on-year (YoY) basis, according to data released by the Federation of Automobile Dealers Associations (FADA). For the whole of financial year 2022-23 (FY23), sales grew 21 per cent YoY. For both March and the financial year, all categories, except for tractors, and including two-wheelers, three-wheelers, passenger vehicles (PVs), and commercial vehicles (CVs), posted double-digit growth. However, the total retail sales of 22.1 million for the financial year were still 12 per cent lower than the pre-Covid (FY20) level of 25 million, owing to an 18 per cent dip in the two-wheeler segment.
IMAGES from the IPL match played between SunRisers Hyderabad and Mumbai Indians in Hyderabad on Tuesday.
Satwiksairaj Rankireddy and Chirag Shetty became the first Indians after Dinesh Khanna to be crowned champions at the 2023 Badminton Asia Championships on Sunday.
IMAGES from the IPL 2023 match between Punjab Kings and Delhi Capitals played in Dharamsala on Wednesday
Congress president Mallikarjun Kharge alleged that the price of domestic cooking gas cylinder has been raised by Rs 50 and that of commercial gas cylinder by Rs 350 at a time when every person in the country is facing the brunt of high inflation.
A Pakistani anti-terrorism court has sent a Chinese national to jail on 14-day judicial remand on blasphemy charges in the restive Khyber Pakhtunkhwa province after he was arrested on Monday, according to media reports on Tuesday.
Khan was arrested on Tuesday in the case, sparking massive country-wide protests by his supporters.
New Zealand will go into the final day of the first Test against Sri Lanka needing 257 runs for victory with nine wickets in hand.
A video shared by Qureshi's Pakistan Tehreek-e-Insaf (PTI) party on Twitter shows plain-clothed men taking him away, with him waving at party workers before departing from the location where he was detained.
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.
Software major Tata Consultancy Services on Wednesday reported a 14.8 per cent rise in net income to Rs 11,392 crore for the fourth quarter of last fiscal against Rs 9,959 crore in the year-ago period. The country's largest technology services company by market value said its revenue rose 16.9 per cent to Rs 59,162 crore during the reporting season from Rs 50,591 crore a year ago.
The law ministry said 78 per cent of high court judges appointed between 2018 and 2022 belonged to the upper caste.
Glimpses from the Christian Dior Womenswear Fall 2023 show which took place at the Gateway of India, Mumbai.
Tanvi Marupally from Conway, Arkansas was last seen in her neighbourhood on January 17 when she left for school on the bus, the Conway police department said.
Maruti Suzuki India (MSIL) - the market leader in small cars - is eyeing the top spot in the sports utility vehicle (SUV) segment within a year - with a 33 per cent share of the pie. The company has been selling two SUVs - the Brezza and the Grand Vitara - and will start deliveries of the Jimny and the Fronx from March-end, and has set a target of growing its share from the current 11.5 per cent of the SUV market to 33 per cent by the end of 2023-24. The SUV segment is roughly about 42 per cent of the total passenger vehicle market, or around 1.3 million units.
The country's largest listed footwear brand by market capitalisation, Metro Brands, posted better than expected December quarter results for the 2022-23 financial year (FY23), riding on store expansion and strong same store sales (SSS) growth. Profitability too remained robust, even as net profit growth was marginally lower. The company, which retails across the Metro, Mochi, Walkway, Crocs and Fitflop formats, posted a 24 per cent growth in revenues over Q3FY22.
Open order books in February breach 700,000; wait period for some models exceed a year.
'My task includes providing strategic operational communication to further-most troops located in the vicinity of Line of Actual Control.'
The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut steeply to Rs 1,700 per tonne from Rs 4,900, the order dated December 15 said. Crude oil pumped out of the ground is refined and converted into fuel like petrol, diesel and aviation turbine fuel (ATF).
State Bank of India (SBI) may carry out a planned Rs 10,000 crore sale of infrastructure bonds in the market this week, with the securities likely to be of 15-year maturity, sources told Business Standard. SBI, the country's largest bank, had last week said its board had approved the issuance of infrastructure bonds in the current fiscal year. It, however, had not mentioned the maturity of the bonds or when the sale would take place.
Chief Judicial Magistrate MJ Khan sent Patel in the custody of the special investigation team formed by the state government to probe the case till February 8.
The ravages of two decades on tour mean Rafael Nadal has rarely been able to prepare for majors like other players, forcing him to rely on skills and mental fortitude.
Dominic Xavier offers his take on the third increase in the LPG rate since May and the fourth this year.
'Every day, after 'pack-up', Khansaab and Deepika would come for dance practice and rehearse till around 1-1.30 am.' 'The weather was a challenge because while on screen, it looks warm and sunny, it was actually bitterly cold, with a sharp, stinging wind which had the actors and dancers shivering in their summer clothing.'
In match no. 3 of the inaugural Women's Premier League (WPL) season, Gujarat Giants fell to their second straight loss as UP Warriorz opened their campaign with a win at the DY Patil Stadium.
The electric Chetak has already sold close to 25,000 units in India, and the European version will be based on the same platform.
Rare snow leopard sighted in Himachal's Chicham village.
Srikanth made an attacking start after the change of ends, putting his smashes to good use, to lead 5-1. Two tight smashes on either side helped the Indian to maintain his lead to 8-3 before he entered the break with a healthy seven-point advantage when Axelsen went to the net.
The political parties including the People's Democratic Party, the National Conference, and the Congress had opposed this order.
The government on Wednesday night issued a notification confirming the appointment of the management committee while removing Ramiz Raja, but the sitting chief selector Muhammad Wasim announced the squad for the NZ series.
The left-handed batter has been denied bail on Monday and is facing a maximum sentence of 14 years in prison.
A lone ranger braves the summer sun to get the party's message to voters in a small town in Tamil Nadu.
Of the 16 bodies retrieved, 14 are of trainees and two of instructors, NIM said in a bulletin.
'Najam Sethi tweets at 2 in the night that Ramiz Raja is out. Is this respect for a former captain? I was not even allowed to go to the office and collect my belongings.'
A 22-year-old woman was set ablaze in Jharkhand's Dumka district early on Friday allegedly by a man whose marriage proposal she had rejected, a police officer said.
National Commission for Protection of Child Rights (NCPCR) chief Priyank Kanoongo, who is in Jharkhand with his team to probe the death of two minor girls in Dumka, claimed on Monday that the state government was "trying to obstruct investigations".
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