IMAGES from the Indian Premier League matches played in Guwahati on Saturday.
Although Info Edge delivered good results in the October-December quarter of the 2022-23 financial year (Q3FY23), the management guidance flagged visible weakness in the IT segment. That seems to have spooked investors who downgraded valuations for a very highly-valued company. The stock dropped by over 9 per cent as the market responded to the guidance and its implications more than the results.
Grandmaster R Praggnanandhaa opened his campaign in the FTX Crypto Cup, the American finale of Champions Chess Tour, with a 2.5-1.5 win over the world's top junior player Alireza Firouzja in Miami.
In a thrilling finish at the DY Patil Stadium on Saturday, UP Warriorz clinched handed Mumbai Indians their first loss of the season.
Open order books in February breach 700,000; wait period for some models exceed a year.
Life insurance companies reported a 17 per cent year-on-year (YoY) drop in new business premium (NBP) in February as state-owned Life Insurance Corporation of India's premiums contracted 32 per cent during this period on account of a drop in its group single premium segment. According to data released by the Life Insurance Council, the industry earned an NBP of Rs 22,847.65 crore in February - a drop of 17 per cent from the same period a year ago.
'Those who want stability in life have started looking at opportunities outside of the start-up ecosystem.'
The finance ministry is looking at a reworked proposal from mobile device makers on how to fight the rampant and growing smuggling of very high end phones. The proposal suggests reducing the basic customs duty (BCD) on phones which have a CIF (cost, insurance and freight or price at landing in the port) value of over Rs 35,000-Rs 40,000. The retail value of these phones is upwards of Rs 70,000.
France's TotalEnergies has put on hold a planned investment in Adani Group's $50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller, chief executive Patrick Pouyann said on Wednesday. While the partnership where the French oil giant was to take a 25 per cent stake in the hydrogen venture of the Adani group was announced in June last year, TotalEnergies has not yet signed a contract, he said at an earnings call. "Obviously, the hydrogen project will be put on hold until we have clarity" from Adani group on the allegation levelled by US short-seller Hindenburg Research, Pouyanne said.
It offers a real opportunity for the flag carrier to compete on the world stage, backed by a leading conglomerate with deep pockets like the Tatas, observes Indrajit Gupta.
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
Round-up of football matches played around Europe on Saturday.
Additional sessions judge Shailender Malik granted relief to Mohd Manan Dar in a case lodged under the stringent Unlawful Activities (Prevention) Act and the IPC.
The maiden mission of Skyroot Aerospace, named 'Prarambh' (the beginning), will carry payloads of two Indian and one foreign customers and is set for launch from the Indian Space Research Organisation's launchpad at Sriharikota.
Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India.
In India's last group match, Yadav blasted a 25-ball 61 as he added six points in the weekly rankings update to go 39 points clear of second-placed Mohammad Rizwan of Pakistan.
Suryakumar Yadav said his partnership with Virat Kohli had been forged by mutual respect for each other's style after the pair guided their team to a 56-run win over the Netherlands in the Twenty20 World Cup in Sydney on Thursday.
Suryakumar ended the innings in grand style, flicking the final ball of the innings from pacer Logan van Beek over square leg for a six. That stunning shot also saw him race to his half-century from 25 balls.
Richest Asian Gautam Adani's group on Tuesday said it will pay an additional Rs 48.65 a share to NDTV stockholders who tendered their shares in its open offer to help match what it had paid to buy out a stake of the news broadcaster's founders. Adani Enterprises in a stock exchange filing said it will pay an additional Rs 48.65 per NDTV share to investors, who had sold their shares in an open offer between November 22 and December 5, taking the payout to Rs 342.65 a share and matching what it paid to buy Prannoy Roy and Radhika Roy's stake. Adani Group first acquired Vishvapradhan Commercial Private Limited, a little-known company that had given Rs 403 crore of an interest-free loan to RRPR Holdings - a company founded by the Roys and bore their initials in its name - in 2009-10 in exchange for warrants that allowed it to buy a stake in the newsgroup at any time.
Retirement fund body EPFO added 16.26 lakh subscribers on a net basis in November 2022, which is 16.5 per cent higher compared to a year ago, the labour ministry said on Friday. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Friday by the ministry highlighted that the EPFO has added 16.26 lakh net members in the month of November 2022. The data indicate a 25.67 per cent increase in net additions compared to the previous month in October 2022, a labour ministry statement said.
Victoria Azarenka rolled back the years at the Australian Open on Tuesday as the two-times champion crushed third seed Jessica Pegula to reach the semi-finals.
India's first privately developed rocket -- Vikram-S -- is set for launch in a sub-orbital mission with three payloads between November 12 and 16, Hyderabad-based space startup Skyroot Aerospace announced on Tuesday.
World No. 1 Magnus Carlsen underlined his superiority, winning the first two games in the opening match of the final against teenaged Indian Grandmaster Arjun Erigaisi.
Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East.
'The inflection point that really happened in the sector was during the pandemic when buyers' perception changed towards consumption and that gave a trigger to pent-up demand with the increased affordability.'
The victim, Prakash, claimed the attackers were not locals, adding he had attended an event on Hindutva idealogue V D Savarkar recently.
Ahead of the Union Budget for 2023-24, Budget makers have welcomed the global consensus view that India will remain one of the bright spots in calendar year 2023. But there is some alarm over the grim global situation and how that might impact the Centre's projections and assessments for next financial year. The big global headwinds include a deep and sustained recession in the West, including India's biggest trading partners in North America and Europe, continuing volatility in commodity markets, and renewed Covid-19 fears, as lifting of strict curbs by China could potentially lead to a massive spread again.
'Thousands of people were stoning us, but we never fired back.'
"The way we defended our score was outstanding. It looked like the game was getting away from us, so to drag it back like that was really impressive," said man-of-the-match Hales.
A 25-year-old man allegedly stabbed to death his father, mother, sister and grandmother following a quarrel in southwest Delhi's Palam area, police said on Wednesday.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Praggnanandhaa is on top of the standings with nine match points along with world No 1 Magnus Carlsen
France will play Argentina, who are also looking to win the World Cup for the third time, in Sunday's final at the Lusail Stadium.
Mercedes and Ferrari, Red Bull's main rivals, had both said any breach would bring carry-over benefits for this season and next, and the implications were huge and had to be addressed.
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
Virat Kohli hit a second successive unbeaten half century. Rohit Sharma and Suryakumar Yadav also reached the 50-mark
A Ludhiana-based company on Tuesday offered an unheard of 25-year guarantee on its new range of cycles - Bullpower - but at an additional cost.
Sheldon Jackson top-scored for Saurashtra with a 44-ball 64 as they overcame a late challenge from Kerala to win by nine runs and set up a last eight clash against Mumbai.
Hu, 79, sitting next to President Xi Jinping in the front row with other top leaders at the ornate Great Hall of People was persuaded to leave the meeting by two men, presumably security guards.
India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
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