NSE Nifty sank 127.80 points, or 1.03 per cent, to 12,224.55. According to traders, besides stock-specific action, domestic investors were also seen booking profits at record peaks.
Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
Largest software exporter TCS will be hiring more than 40,000 freshers from campuses in the country in the financial year 2021-22 , a top executive said on Friday. The company, the largest employer in the private sector with a base of over 5 lakh employees, had hired 40,000 graduates from campuses last year and will do better on that number, its chief of global human resources Milind Lakkad told reporters in Mumbai. He said the COVID pandemic-related restrictions do not pose any difficulties in hiring and added that last year, a total of 3.60 lakh freshers had appeared for an entrance test virtually.
Singh, who arrived in Moscow on a three-day visit on Tuesday at the invitation of the Russian Ministry of Defence to attend the 75th Anniversary of Victory Day Parade, said his visit to Moscow is the first foreign visit from India of an official delegation after the COVID-19 pandemic.
Leading property developers, such as Oberoi Realty, Tata Realty and Infrastructure, and Hiranandani, have turned to redevelopment of existing buildings in the expensive parts of Mumbai as a way of augmenting revenue. Experts estimate that Mumbai's redevelopment projects could be worth Rs 30,000 crore. As such, they are not new. What is new is that the big developers are interested in them. Leading the race is Oberoi Realty, which has set up a separate team for these projects.
Internal strife and tribalism is endemic to Afghanistan, notes Colonel Anil A Athale (retd).
Indian-American engineer-entrepreneur Shrina Kurani challenges a 30-year Republican veteran in a US Congressional race in a district that is predominantly white.
The Tata Safari Storme 4x4 was chosen after it completed a total trial duration of 15 months in various terrains across the country, in the most demanding conditions with extreme on or off-road terrains.
Nirmala Sitharaman is proving to be a better finance minister than her initial rookie status might have led people to expect, observes T N Ninan.
The navy has significantly expanded its deployment in the Indian Ocean Region deploying a plethora of warships and submarines to create pressure points on China as the maritime space around the Malacca Strait is very critical for its supply chain through sea routes.
"Numerous rounds of talks have taken place with the Chinese counterparts to deescalate the situation without compromising on India's stand of 'complete disengagement and immediate restoration of status quo ante'," the defence ministry said.
One priority for Delhi (for the new foreign secretary in particular) is to have an in-depth discussion with Dharamsala as soon as possible, suggests Claude Arpi.
During the heavy rains through the week here and other regions of Tamil Nadu not only inflatable boats, but preparedness, determination and presence of mind came in handy for personnel including policemen and women, civic and forest workers who rescued people, animals and snakes.
Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.
This means, Coca-Cola group will no longer bottle and market any of its beverages in the country.
Future, even present, wars -- at least those involving such tech giants as China -- include hi-tech battlefields, which a Pakistan-obsessed India has not sufficiently prioritised. Today's generals plan on how to disrupt an enemy city's power supplies, rail networks, airports, ports, and government departments, not just by bombing or torpedoing them; they also examine the option of tripping up the computer networks that run these, notes David Devadas.
Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).
It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress."
Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections.
Mikheev said Russia and India are holding talks with a view to sign a contract for 48 (Mi-17V-5) helicopters.
In Q1, India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdowns.
In just one day, more than 1,550 Americans lost their lives, taking the fatalities to over 7,380. Overall, the US on Friday in a single day added more than 33,000 new COVID-19 cases, taking the total to 276,500, the highest for any country in the world.
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
Former captain Mashrafe Mortaza and two other Bangladesh cricketers, Nazmul Islam and Nafees Iqbal have tested positive for the dreaded coronavirus. The 36-year-old Mortaza was reportedly unwell for the last couple of days and tested positive for the contagious disease on Saturday. He is currently in self-isolation at his residence in Dhaka.
'It is crucial today to realise where we have reached in this 15 year-period in order to fully and properly assess the profundity of what General Rawat has said,' points out Ambassador M K Bhadrakumar.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
The resurgence of COVID-19 has dented but not debilitated economic activities in the first half of Q1 of the current fiscal even though caseload of infections is much higher than before, according to an RBI article. The ferocity of the second COVID-19 wave has overwhelmed India and the world, the article said, adding that war efforts have been mounted to stop the surge in its tracks. "The impact of the second wave on the real economy seems to be limited so far in comparison with the first wave. Evidently, the localised nature of lockdowns, better adaptation of people to work from home protocols, online delivery models, e-commerce and digital payments are at work," the article on the state of economy authored by RBI Deputy Governor M D Patra and other officials said.
'India needs offensive and defensive security measures to protect itself.'
Claiming that the Trinamool Congress is not perturbed over desertions by some leaders, she said politics is a solemn ideology and philosophy and one cannot change these everyday like clothes.
'Anything that couldn't be stolen they destroyed.' Saloni Dhumne and Atreya Raghavan speak to members of the Indian community in Durban -- the largest congregation of Indians outside India -- who were targeted in last month's horrific riots.
While seven companies bagged orders worth Rs 42,000 crore, industry experts said most of this new order activity was a spillover, and fresh project finalisation remains weak.
The sale of 10 AGM-84L Harpoon Block II air-launched missiles is estimated to cost $92 million (Rs 699 crore), while 16 MK 54 All Up Round Lightweight Torpedoes and three MK 54 Exercise Torpedoes are estimated to cost $63 million (Rs 478.8 crore), the Defence Security Cooperation Agency said on Monday in two separate notifications to the Congress.
'What would we feel if we found the world behaving the way it has?' 'Forced to fight our own prolonged battle; nobody from outside really demanding that the war end or actively working to make it end, and above all, a completely toothless United Nations reduced to pleading for a halt to the violence,' notes Shyam G Menon, exactly a month after Vladimir Putin ordered the invasion of Ukraine.
A witch in confrontation mode, a courtroom drama full of twists and turns, Bruce Lee's final and Denis Villeneuve's first, Sukanya Verma recommends this and more on OTT this week.
Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.
Among the handful of countries with large defence budgets and armed forces, India is matched only by Saudi Arabia in the level of its import dependence. For revenge to be served cold, go beyond import bans and correct these long-term failures -- if we're up to it, notes T N Ninan.
Blocked working capital worth Rs 1,500 crore, in the almost-defunct job work diamond polishing units, is expected to be released even as diamantaires will issue fresh orders to such units following the GST relief.
The sanctions list subjected him to a travel ban, assets freeze and an arms embargo.
Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.
We must seize the opportunity provided by the COVID-19 crisis to kick-start indigenous research efforts, recommends Colonel Anil A Athale (retd).
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