Battling a sharp surge in inflation, the Reserve Bank is all for a smooth monetary policy response and the desire to have smaller hikes led it to tighten the policy in an off-schedule meet, a source said on Thursday. Inflation has been massively impacted by Russia's invasion of Ukraine and will in due course also reflect the dent caused by Indonesia banning palm oil exports, the source aware of central bank thinking said, indicating that there was no other option but to respond. "The idea is to have a smooth policy response, not to put in large cold turkey responses," the source said, making it clear that the preference is for smaller magnitude responses and not larger ones.
Romelu Lukakuare still five points off the Champions League places after Antonio Candreva's equaliser rescued a solitary point in a 2-2 draw at Torino in a thrilling Serie A clash on Saturday.
This hearty vegetable stew is easy to make and works well as a comforting one-dish meal.
India's fate in the Davis Cup World Group play-off tie against South Africa is still hanging in balance as the visitors conceded the doubles rubber owing to Mahesh Bhupathi's injury in Johannesburg on Saturday.
'The pitch for India is flat, the ball for India is old, the sun for India is out, and the bowlers are not bowling too well.' 'I think only we can get ourselves out.'
On the Sensex chart, UltraTech Cement, HCL Tech, HDFC, Tech Mahindra, HDFC Bank and HUL emerged as the major laggards -- falling as much as 4.7 per cent. NSE Nifty dropped 63.05 points to end at 14,296.40.
The protectionist measures in the West and attacks on Indian students in Australia is likely to negatively affect the Indians' overseas job dreams and the aspirants may prefer domestic offers, experts believe.
For the party's traditional vote bank -- traders -- demonetisation was a 'political betrayal.'
BJP candidate Kedar Prasad Gupta defeated Manoj Singh Kushwaha of Chief Minister Nitish Kumar's Janata Dal-United by 3,645 votes in Kurhani.
The BJP, which exit polls predicted would suffer a massive defeat, put up a spirited fight.
Olympique Lyon's hopes of clinching an eighth consecutive Ligue 1 title suffered another blow when they were held to a goalless draw at home to Paris St Germain on Friday.
Economic activity has regained momentum from late-May after the dent caused by the second wave of COVID-19, and the pandemic's impact on the overall asset quality has been less than expected, Reserve Bank Governor Shaktikanta Das said on Thursday. However, Das flagged rising data breaches and cyber-attacks as among the risks for the recovering economy, along with others like firming global commodity prices. The governor also said the second wave had a "grievous toll" on the country.
Equity investors have become poorer by more than Rs 18.74 lakh crore as the market continued to remain bearish for the fifth session on the trot on Thursday. The 30-share BSE Sensex tumbled 1,158.08 points or 2.14 per cent to end below the 53,000-level at 52,930.31 points on Thursday. Markets have been falling for five straight sessions and the BSE benchmark has tumbled 2,771.92 points or 4.97 per cent during this period.
Images from the T20 World Cup Super 12 match between the Netherlands and Bangladesh in Hobart on Monday.
Hong Kong held China to a nil-nil draw in a World Cup qualifying soccer match on Tuesday played amid lingering political tensions between the two sides after last year's massive pro-democracy protests in the financial hub.
'Modi is imposing himself as the face of Gujarat to send a message that people should not forget that a Gujarati is prime minister.'
Here's an Indo-Italian treat: Spicy Prawn Spaghetti with South Indian flavours.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
'Investors abroad will think if a big company in India faces such hurdles, what will happen to us. But this is an isolated case. I was in West Bengal a month back and there is a whole series of investments lined up. But investors waiting in the sidelines with their plans to come to India may have second thoughts because of this incident,' says Commerce Secretary Gopal Krishna Pillai.
A day after the by-election results in Bihar, though leaders of the Rahtriya Janata Dal and the Bharatiya Janata Party claimed victory after the RJD and BJP retained the Mokama and Gopalganj assembly seats respectively, the fact that both seats were won with a reduced margin indicates that there is nothing to celebrate for either party.
A struggling Indian team, severely depleted by a spate of on-field injuries and fitness-related problems, will be determined to avoid the ignominy of a clean sweep against Bangladesh in the final ODI of the three-match series.
Delhi Chief Minister Arvind Kejriwal on Thursday thanked the people for helping the Aam Aadmi Party "breach the BJP's fortress" in Gujarat and asserted that the party would win the state the next time.
The RCB leg-spinner snapped four wickets as Kolkata Knight Riders were bowled out for 128.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
Market gauges Sensex and Nifty extended their losing streak to the sixth session on Wednesday as lingering Ukraine crisis continued to dent investor sentiment. The Sensex closed 68.62 points or 0.12 per cent lower at 57,232.06 and the Nifty ended 28.95 points or 0.12 per cent down at 17,063.25. For better part of session, both indices traded in the positive territory tracking mostly higher Asian peers as investors hoped that Western sanctions on Russia after Moscow's troop movements near Ukraine border might soften Vladimir Putin defiant tone and leave some room to avoid war. The Sensex breadth was equally divided between gains and losses.
A trial court in Tamil Nadu's Kumbakonam on Tuesday convicted international antique dealer Subhash Chandra Kapoor and five of his accomplices to 10 years imprisonment in the Udayarpalayam burglary and illegal export of 19 antique idols valued over Rs 94 crore to the Art of the Past Gallery, New York, USA, the state idol wing CID said on Tuesday.
AAP could make its presence felt. But Gadhvi may have to wait for a chance to get the top job.
In Gujarat, the Congress must have felt like the Swiss in Doha. Suffering at the hands of both the BJP and the AAP, they seemed to lack a goalkeeper. In Himachal, although a victory for the Congress, the tenor was more akin to Spain versus Morocco. The underdog triumphed, points out Shyam G Menon.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
'If he loses Gujarat, then he has a major, major, problem coming up in 2024.'
Krishna Kumar offers some tips on how to cope with being served the pink slip.
'The breakdown in the family structure in large sections of British society and the lack of discipline in young Britons is being looked at once again as the underlying reasons for growing criminality and lack of respect for authority among the youth.'
Foreign portfolio investors (FPIs) pulled out as much as Rs 17,537 crore from the Indian markets in just three trading sessions of March as investors' sentiment got dented by the uncertainty triggered by the Russia-Ukraine conflict and rising crude oil prices. As per depositories data, they pulled out Rs 14,721 crore from equities, Rs 2,808 crore from debt segment and Rs 9 crore from hybrid instruments between March 2-4. This took the total net outflow to Rs 17,537 crore.
On Thursday, he had enviable figures of 4 for 14 in his 3 overs against KKR, his former IPL franchise, which didn't give him a single game last season.
Near-term prospects hinge on the progress of the second wave of Covid-19. A lockdown will dent prospects as 60 per cent of revenues come from the dine-in segment.
'It is creditable that the BJP builds the organisation set-up and then looks for leaders.' 'The Congress on the other hand has to care for the leaders more than the organisation.'
Krishna had superb figures of 2/2 in three overs, including a maiden, while Boult took 1/8 in three overs, to leave Sunrisers reeling on 14/3 in six overs -- the joint lowest score in the Powerplay in IPL history.
Chidambaram also stressed that there were lessons to be learnt by the Congress from the Gujarat loss, saying there is no such thing as a "silent" campaign in a hard-fought election.
The Aam Aadmi Party (AAP) and the Asaduddin Owaisi-led All India Majlis e Ittehadul Muslimeen seem to have dented the Congress's sway over the votes of minorities in Gujarat in the just concluded assembly polls, bringing down the main Opposition party's vote margin considerably in various seats across the state.
Stock markets will be guided by global factors such as the Russia-Ukraine war, the COVID-19 situation in China and crude oil prices in absence of major domestic events this week, analysts said. Stock markets are expected to keep their winning momentum this week as FIIs may come back aggressively fuelling a further rally in the market, they added. "In absence of any major event, global cues viz the Russia-Ukraine war, the COVID situation in China and movement of crude will remain in focus. "Besides, participants will be also be eyeing FIIs flow for cues," said Ajit Mishra, VP Research, Religare Broking.
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