Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
Padma Bhushan recipient PR Sreejesh, a legendary Indian hockey goalkeeper, expressed his gratitude for the honor, stating that India has given him more than what he has contributed to the sport.
Equity mutual funds (MFs) capped a strong 2024 with near-record inflows in December. With net inflows of Rs 41,156 crore in December, the 2024 tally surged to Rs 3.9 trillion, up 144 per cent compared to 2023. The December tally, which was only slightly short of the record-high inflows of Rs 41,887 crore achieved in October 2024, was fuelled by record inflows of Rs 9,761 crore into small-cap and mid-cap funds.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
From the Sensex pack, Power Grid, HDFC Bank, HDFC, Tech Mahindra, Tata Consultancy Services, Wipro, Reliance Industries and Larsen & Toubro were the major gainers. Mahindra & Mahindra, ITC, IndusInd Bank, Axis Bank, Bajaj Finance and Maruti were among the laggards.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
Housing sales rose 7 per cent annually in 2024 across eight major cities to reach 12-year high at 3,50,613 units on better demand for premium homes amid stable mortgage rates and strong economic growth, according to Knight Frank. Last month, real estate consultant Anarock, however, had reported that housing sales declined 4 per cent in 2024 to nearly 4.6 lakh units across seven major cities.
India's forex reserves dropped by $3.23 billion to $654.86 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by $1.51 billion to $658.09 billion, ending a multi-week decline in the overall kitty.
Following his victory, the 18 year old spoke to International Chess Federation (FIDE) in a freewheeling interview about his love for chess and how he continues to be a student of the game.
Meanwhile, Pushpa 2 (Hindi) outperformed both Mufasa and Baby John despite being in the fourth week. It has already reached the Rs 775 crores (Rs 7.75 billion) mark.
Sinner remains the man to beat at Melbourne Park even as doping officials seek a two-year ban for the world number one for failing two drugs tests last March.
Last year, James also surpassed Abdul-Jabbar to become the NBA's all-time leading scorer and now has more than 41,000 points to his name.
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
Bhumi wears her Ma's sari... Manushi is in the mountains... Karisma is Christmas-ready...
Fifteen companies have launched their initial public offerings (IPOs) in December 2024, making it the best month for public offerings since 1996. Collectively, they have raised Rs 25,425 crore, which also made December the best month in terms of the quantum of funds raised. In December 1996, 33 companies had raised Rs 931 crore.
Jude Bellingham topped the men's overall voting, with the Real Madrid and England midfielder receiving 11,176 selections from his peers.
Cricket Australia named Bumrah as the captain of its Test team of the year, which also features Yashasvi Jaiswal.
The Roshans is somewhat like leafing through a glossy coffee table book full of trivia -- no depth, but such a shiny collection of memories, observes Deepa Gahlot.
Tim Southee, once half of the most feared new-ball partnership in the game, brought down the curtain on a glittering 16-year Test career after New Zealand crushed England for a consolation win in Hamilton on Tuesday.
Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023.
The recent depreciation of the rupee along with sharp fall in the country's foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies among peers for almost two years before the current downward pressure started in September after the US Federal Reserve lowered interest rate.
The principal opposition party though appeared content securing 99 of the 543 seats in the 2024 national elections as against its all-time low of 44 in 2014 and then 52 in 2019.
There could be no place more appropriate for Djokovic to finally break free of his tie with Margaret Court on 24 Grand Slam singles titles than in her own backyard at Melbourne Park, where he has won the Norman Brookes Challenge Cup 10 times.
Delhi Chief Minister Arvind Kejriwal on Wednesday urged the Centre to intervene to ensure that levels of the Yamuna, flowing at an all-time high of 207.55 metres, don't rise further.
'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
Virat Kohli's career was hanging by a thread after a disappointing showing with the bat in Australia.
With over 50,000 ardent fans proudly sporting their Team India jerseys, the atmosphere was electric as they rallied behind skipper Rohit Sharma and his team
Wing Commander Pratap Marathe's story is one of dedication, bravery, and humour, a shining example of the spirit of the Indian Air Force. Air Commodore Nitin Sathe (retd) salutes Wing Commander Marathe who passed into the ages last week.
India's forex reserves increased by $1.51 billion to $658.09 billion for the week ended November 29, the RBI said on Friday. The overall reserves had dropped by $1.31 billion to $656.58 billion in the previous reporting week.
'With his passing, Indian cinema has lost its most undaunted voice, a voice of unsettling truths, a window to history, a school of filmmaking.'
Indian cricket has produced a generational superstar in Yashasvi Jaiswal and will remain in good health even when Virat Kohli and Rohit Sharma decide to call time on their careers, said former Australia World Cup winner Darren Lehmann.
After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
Stock market investors became richer by a whopping Rs 77.66 lakh crore in 2024, helped by an overall optimistic trend in equities, where the BSE Sensex surged over 8 per cent. Analysts said the year witnessed a tug of war between the bulls and bears marked by volatility but, despite the uncertainties around the world, the Indian markets sustained the pressure and delivered impressive returns.
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
Allu Arjun broke the myth that dubbed South movies don't do well at the pan-Indian box office, and became a brand.
Novak Djokovic and Nick Kyrgios enthralled fans on their debut as a doubles team on Monday
The two leaders had a complex relationship yet formed a partnership and even after their parting of ways, the two admired each other in their efforts for India's freedom.
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