Global investors have been cautious this year to put money into Indian real estate, as private equity inflow is down 44 per cent till December 12 to $3 billion compared to the entire previous year, according to Knight Frank. Real estate consultant Knight Frank India on Thursday released its data showing that the Indian real estate market received $3,024 million in PE investments from 23 deals between January 1 and December 12 this year, as against $5,357 million recorded in 2022.
With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.
India's pace spearhead Jasprit Bumrah says he never tries to "over-teach" the younger lot and steps in to help only when asked to avoid burdening them with information.
Jaahnavi Kandula, the Indian student who was struck and killed by a speeding police car here will be awarded her master's degree posthumously, the Chancellor of Northeastern University has announced, hoping that the ongoing probe will bring a measure of justice and accountability.
Apart from the human body, human food will bear direct repercussions. From staples such as wheat, to coffee, dairy, and even the great Hilsa face the threat of reduced supply due to the extreme heat.
England's sportsmanship came into question during the Ranchi Test as Ben Foakes claimed he caught Yashasvi Jaiswal that was deemed not out by the third umpire.
'It's gruelling. Playing a five-match series is not easy. That's what Test cricket is all about.'
The Supreme Court on Tuesday took serious exception to political statements being made on the sub-judice matter related to the withdrawal of four percent Muslim quota in Karnataka, saying "some sanctity needs to be maintained".
Hero MotoCorp, a major player in the two-wheeler market, has seen a 9 per cent rise in its stock since the beginning of the month. This increase, driven by the largest motorcycle company by volume, is attributed to expectations of a revival in rural sales due to normal monsoons, government measures to boost consumption, recent market share gains, and a large valuation discount compared to peers. In the near term, the company's volume performance and growth trajectory, particularly in rural markets and entry-level segments, are expected to be key drivers.
A committee headed by Chief Justice of India DY Chandrachud designated 56 lawyers and advocate-on-record as senior advocates, 11 of them women.
When Kapil's Devils won the World Cup in 1983, cricket was still one of the sports in India and a champion team needed a true blue cricket fan Lata Mangeshkar to hold a concert so that each member could earn Rs 1 lakh.
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
After picking up his coveted 500th Test wicket on Day 2 of the third Test in Rajkot, Ravichandran Ashwin withdrew from the ongoing Test on the same day itself.
An encyclopedia to the best Durga Pujo eating.
Jaahnavi Kandula was killed in January after she was struck by a police vehicle driven by officer Kevin Dave.
Insolvency appellate tribunal NCLAT on Tuesday upheld the resolution plan of grounded carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium. The NCLAT bench has directed the Jet Airways monitoring committee to complete the transfer of ownership within 90 days. Besides, it has also directed the lenders of Jet Airways to adjust the Rs 150 crore paid by the consortium as performance bank guarantee.
Head coach Brendon McCullum revealed that pacer Ollie Robinson suffered an injury while batting during the visitors' first inning.
Riyan Parag reminds me of young SKY at MI: Rajasthan Royals assistant coach Shane Bond
Legendary Australia speedster Brett Lee feels apart from Jasprit Bumrah, pacers are failing to nail yorkers effectively in the death overs and he wants them to master the pivotal delivery.
Growth of eight key infrastructure sectors rose to 8 per cent in July 2023 compared to 4.8 per cent in the same month last year on expansion in production of coal, crude oil, and natural gas, according to the official data released on Thursday. Production of steel, cement and electricity also grew in July, the data showed.
Yeh Hai India: Capturing Events And Moods Across Our Incredible Country.
Paytm app users will continue to use all services like mobile and DTH recharges except for Paytm Payments Bank's offerings including wallet funds, Fastag and bank accounts, according to the company hit by RBI restrictions. Paytm Payments Bank users will not be able to add any funds to their wallet and bank accounts but will be able to use the balance until it is exhausted, according to the RBI order. "The RBI has issued a directive restricting Paytm Payments Bank account/wallet from accepting new deposits or allowing credit transactions after March 15, 2024.
There are reports that the government will soon cut income taxes by about Rs 50,000 crore to boost consumption.
Prime Minister Modi, I suggest that, instead, you distribute about one lakh crore rupees per year to the 80 crore poor, which will boost both consumption and economic growth, suggests Kalyan Singhal, McCurdy Professor of Business at the University of Baltimore.
Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others.
Senior spinner Ravichandran Ashwin's five-wicket haul in the second innings has helped him narrow the gap with top-ranked Jasprit Bumrah to 21 rating points at 846 after the fast bowler was rested for the Ranchi Test.
India's manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) recovered from an 18-month low of 54.9 in December to 56.5 in January. The latest reading highlighted the strongest improvement in the health of the sector since last September.
Pakistan cricket team's director Mohammed Hafeez is reportedly making a lot of players in the side "restless" and the major reason behind the simmering disquiet is his tendency to hold "long meetings and lectures".
A player-of-the-match award in only his second Test, plaudits from the pundits and even a "man crush" from his England counterpart -- India wicketkeeper Dhruv Jurel could not have dreamt of a better start to his international career.
The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
A plea has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. In a significant win for the Adani Group, the apex court had declined to order a CBI or SIT probe and said in its judgement that market regulator Sebi was conducting a "comprehensive investigation" into the allegations and its conduct "inspires confidence".
England legend Alastair Cook has lauded Joe Root for his Bazball-defying century in the fourth Test and also drew an expected parallel with India captain Rohit Sharma while praising him.
On Tuesday, October 3, 2023, former US President Donald J Trump appeared in a a Manhattan court in a civil fraud case brought by New York state Attorney General Letitia James.
The gap between market capitalisation of Hong Kong and India has dwindled significantly. At present, India's market cap stands at approximately $4.3 trillion, while Hong Kong's is around $4.7 trillion. In the depths of the Covid-19 crisis in March 2020, Hong Kong's market cap, at $4.6 trillion, was 3.44 times larger than India's.
While indicating that he might not allow the petition if both the girl and foetus were healthy, Justice Samir Dave of the high court also referred to the Manusmriti during the hearing on Wednesday.
Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC's hotel business, ITC Hotels. Institutional Investor Advisory Services (IiAS) has recommended a vote "against" the resolution, while InGovern and Stakeholders Empowerment Services (SES) have advised their clients to vote in favour. Voting on the resolution is currently underway.
South African batting great AB de Villiers on Wednesday called Ravichandran Ashwin a legend and said the senior India spinner has not always got enough credit for his service.
Former Pakistan cricket director Muhammad Hafeez has claimed that ex-captain, Babar Azam and foreign coaches Mickey Arthur and Grant Bradburn had given team fitness lowest priority in the lead-up to the ODI World Cup in India.
Veteran off-spinner Ravichandran Ashwin, who entered the elite 500 Test wicket club at Rajkot, climbed a rung to the second position behind pace spearhead Jasprit Bumrah.
A Rs 7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zone, Singapore's PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development. The project aims to capitalise on the newfound investor interest in the region, spurred by mega investments such as the Rs 16,000 crore electric vehicle manufacturing unit by Vietnamese major VinFast, the Indian Space Research Organisation's second spaceport in Tamil Nadu's Kulasekarapattinam, and Singapore's Sembcorp's Rs 36,238 crore investment in renewable energy.
