The Indian rupee may remain under depreciation pressure on account of plateauing of exports and subsequent widening of the current account deficit, said the Economic Survey 2022-23 tabled in Parliament on Tuesday. It said the "risks to the current account balance stem from multiple sources". The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.
The ICC Men's Cricket World Cup 2023 stage is set as all 10 captains gathered on Wednesday at the world's largest cricket stadium in Ahmedabad on the eve of the biggest Cricket World Cup ever.
Reserve Bank of India's former governor Raghuram Rajan on Wednesday joined Rahul Gandhi during the Congress-led Bharat Jodo Yatra in Rajasthan.
Celebrating his 28th century, Kohli dedicated the monumental feat to his wife Anushka Sharma.
'Rapists do have families. I wanted to see how a father or mother would deal with it.' 'They go through shame as well and get discriminated from the rest of the village.' 'Why don't we show it that way?'
Ponting says Robinson might be better placed focusing on his own performance rather than looking back at Ashes history.
India's prices are rising faster than many of its emerging market peers. The country's inflation print for May at 4.25 per cent is a marked reduction from the levels seen in May 2022 (7.04 per cent). However, even though the inflation rate remains within the Reserve Bank of India's medium-term target of 4 per cent, with a 2 per cent margin on either side, it continues to be higher than China, Russia, and Brazil.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
'Great to be back at the G with my World Championship 1985 buddy after 37 years. Goosebumps... @KrisSrikkanth'.
CAB requested ICC recce team about concerns raised by local security agencies with regards to World Cup match between Pakistan and England on November 12 coinciding with Kali Puja.
China has signalled that it will prevent India from assuming leadership of the Global South, observes Ambassador T P Sreenivasan.
The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
Opposition leaders on Saturday stepped up pressure on Lok Sabha Speaker Om Birla for stringent action against Bharatiya Janata Party's Ramesh Bidhuri over his derogatory remarks against Bahujan Samaj Party MP Danish Ali in the House.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'.
Religion matters. Aspirational India is still poor. India admires strong leaders. India values decency. Shreekant Sambrani highlights the reasons why the BJP pulled off improbable victories in the Hindi heartland.
'Be it Khan highlighting the issues with a rigged system, or schooling accountability from the government, or stressing the power of the vote, or that baap/beta line -- this is a kind of swashbuckling that Hindi film audiences haven't seen from their heroes for many years,' notes Mayur Sanap.
As Ravi Shastri turns 60 on May 27, join us in celebrating his landmark birthday and wishing him health, wealth and super success always.
The stocks of Mumbai-based real estate companies have been hitting lifetime highs on expectations that launches, steady demand, and price increases in the largest real estate market in the country would boost their financials. Macrotech Developers (Lodha) and Oberoi Realty hit their all-time highs last week, while Godrej Properties came close to its 52-week high last month before witnessing a sharp correction.
Readers in India can watch the opening ceremony on the Sony Sports Network on Friday, July 23, from 4:30 pm IST onwards.
India's information technology (IT) sector will witness subdued hiring in 2023-24 as macro uncertainties impact demand environment, with clients either taking a pause on spend or stopping discretionary spend, say human resource experts. To begin with, unlike earlier years, the three large IT players TCS, HCLTech, and Wipro have not provided any new hiring targets for the financial year. And Wipro has said that its hiring target will depend on the demand environment.
The Indian Cricket League (ICL) has roped in six former cricketers -- including Tony Greig and Dean Jones -- as commentators for the rebel Twenty20 tournament starting November 30 in Panchkula
A humorous piece on the Festival of Lights by Get Ahead writer Gauri Mitra.
The manufacturing of iPhone 14 in India within weeks of the global launch demonstrates the maturity of Apple's manufacturing capabilities in the country, according to Moody's Investors Service. Increasing volumes of locally-manufactured iPhones will also accelerate Apple's expansion strategy in India, Raj Joshi, Senior Vice President, Corporate Finance Group, Moody's said. The Indian smartphone market's large size and strong growth prospects as the country unveils its 5G network "make it an attractive long-term market for Apple", according to a note by Moody's.
The Nifty IT Index, the gauge for the performance of information technology (IT) stocks, was the worst performer on the stock exchanges on July 29, a day after Infosys posted lower-than-expected earnings growth for the June quarter and sharply cut its revenue growth guidance for 2023-24 (FY24). The IT index was down 4.1 per cent, its biggest one-day fall in three months. The decline was led by Infosys, with its shares plunging nearly 8 per cent, followed by HCLTech (-3.2 per cent), Wipro (-3.0 per cent), and TCS (-2.7 per cent).
Shah Rukh Khan's box-office juggernaut and other specials on the OTT menu this week.
This will be the lender's first result after its merger with HDFC Ltd, effective from July 1, and will keep analysts glued to the management's earnings growth guidance for the merged financial behemoth.
All the fans greeted him by flashing their mobile phone cameras as he remained unbeaten on two from three balls.
With a solid Vijay Varma at its centre, Kaalkoot is a riveting watch, raves Mayur Sanap.
Steve Smith has no ambition to be Australia's full-time captain again, the 33-year-old said after leading the team to a nine-wicket victory in the third Test against India.
The earthquake was measured at 5.2 magnitude on the richter scale.
Afwaah is a sum of Sudhir Mishra's thought-provoking reflections and appeal to question what's real, what's rumour, notes Sukanya Verma.
Arguably the greatest slow left-arm bowler that the world has ever seen, Bishan Singh Bedi left an indelible impression in minds of many with a character to die for.
Tata Steel was the biggest gainer in the Sensex chart, rising 2.39 per cent, followed by Tata Motors, Power Grid, Reliance Industries, UltraTech Cement, NTPC, Nestle, HUL, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank and Asian Paints. In contrast, Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Bajaj Finserv, ICICI Bank, Infosys and Titan were among the laggards.
Among the Sensex firms, HCL Technologies fell the most by 2.4 per cent. IndusInd Bank (2.35 per cent), Infosys (2.28 per cent), Wipro (1.8 per cent), NTPC (1.71 per cent), Asian Paints (1.7 per cent), Tata Consultancy Services (1.36 per cent),Tech Mahindra (1.03 per cent) and SBI (1 per cent) were among the major laggards.
Smith may lead Asutralia in the fourth and final Test against India as regular captain Pat Cummins stays put in Sydney.
Strong macroeconomic headwinds causing turbulence in the $245-billion Indian IT industry are yet to calm down. Top Indian IT services companies are likely to post a decline or just marginal growth in sequential revenue in Q1FY24 because of a soft discretionary spending environment. Though the first quarter is seasonally strong for IT firms, "June 2023 will be an exception", according to analysts at Kotak Institutional Equities.
Captain Pat Cummins said on Tuesday there are "no cowards" in the Australia cricket team and that the players had not been distracted by former head coach Justin Langer's inflammatory comments.
Rocky Aur Rani delivers a king-sized entertainer that blends old charm with fresh ideas. It is a win for Karan Johar whose conviction works big time to satisfying results, asserts Mayur Sanap.
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