Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its 'Global Macro Outlook 2022-23 (March 2022 Update): Economic Growth will suffer as fallout from Russia's invasion of Ukraine builds' report, the rating agency said Russia's invasion of Ukraine has significantly altered the global economic backdrop through three main channels -- spike in commodities prices, risks to global economy from financial and business disruption and dent in sentiment due to heightened geopolitical risks. It said Russia is the only G-20 economy that will contract this year and forecast that its economy will shrink 7 per cent in 2022, and 3 per cent in 2023, down from projected growth of 2 per cent and 1.5 per cent respectively, before the invasion of Ukraine.
RCB pacer Harshal Patel took 3/35 and was rightly named player of the match against CSK.
This creamy, smokey pasta goes best with a glass of chilled white wine. Cheers!
The ruling Bharatiya Janata Party and the Opposition Congress in Madhya Pradesh, where assembly polls are due by 2023-end, are not attaching much importance to the presence of the AAP and the AIMIM citing the largely bipolar politics of the state.
Sunrisers Hyderabad will aim to pick up the pieces after their drubbing at the hands of Chennai Super Kings as they aim to get past Kings XI Punjab during their Premier League encounter, in Mohali on Saturday.
Sri Lanka has three left-handers among their top six batters, so will Ravichandran Ashwin play Tuesday's crucial Asia Cup game?
The Congress hit out at the BJP, demanding the immediate arrest of those who have defamed India at the international level instead of enacting a "drama of action".
After wrecking havoc on rival camp along with Rakesh Dhruv on the third and final day of the second warm-up game, off-spinner Jalaj Saxena on Monday said they put Australia "under pressure" and the visitors would go into the first Test "low on confidence".
Sniping at the BJP senior leadership has reached a new high in Karnataka. For the moment, there is a truce, but the party knows the damage it could do ahead of the polls.
Equity markets halted their two-day rally on Friday, with the Sensex tumbling 714.53 points amid weak global equities and selling in index majors Infosys, ICICI Bank, HDFC Bank and Reliance Industries. Continuous foreign fund outflows also dented sentiments. The BSE benchmark Sensex tanked 714.53 points or 1.23 per cent to settle at 57,197.15. During the day, it plummeted 776.96 points or 1.34 per cent to 57,134.72. The NSE Nifty also declined 220.65 points or 1.27 per cent to 17,171.95.
Though the Patidar-dominated Morbi Assembly seat in Gujarat is considered a stronghold of the Bharatiya Janata Party, the poll equations this time may change due to many factors, including the recent bridge tragedy which claimed 135 lives, political observers say.
A statue of late Tamil Nadu Chief Minister MG Ramachandran was on Tuesday found damaged in Thanjavur, with the opposition All India Anna Dravida Munnetra Kazagam strongly condemning the incident and calling for action against the "anti-social elements" behind the vandalism.
The ruling Bharatiya Janata Party's march towards a two-third majority was halted by the presence of Keshubhai Patel's party in Saurashtra and the saffron outfit suffered reverses in Chief Minister Narendra Modi's own backyard of north Gujarat.
Manchester United suffered a third major blow in eight days on Sunday when a 0-0 draw at Blackburn Rovers damaged their hopes of claiming a fourth consecutive Premier League title.
Varsha Bhosle salutes that effervescent icon of Indian cinema, Dev Anand.
With Manchester United crashing out of the Champions League on Wednesday night, it is the first time in seven years that the competition will not feature an English club in the last four.
The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a litre increase in petrol and diesel prices in a matter of 16 days beginning March 22, which has further fuelled the already high commodity prices. The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went completely out of hand.
The finance ministry said on Tuesday that high energy and commodity prices due to the Russian invasion of Ukraine may provide an upside risk to inflation and continued vigil is required. "Going forward, elevated energy and commodity prices may act as an upside risk to the inflation outlook in the near-medium term. "Given the inherently unsustainable nature of high prices, international commodity prices are expected to level off early with an increase in supplies outside the crisis zone," the department of economic affairs said in its latest monthly economic report for February.
Nicolas Almagro's chances of making next month's World Tour Finals in London were dealt a blow when he was beaten 6-3,7-5 by top seed and Spanish compatriot David Ferrer in the quarter-finals of the Valencia Open on Friday.
'We have delivered a bitter medicine. It will take time to work.'
India slipped to the fifth spot in the latest WTC points table
'Akhilesh did politics like Rabi and Kharif crop which come once a year. Politics is not seasonal, you have to harvest your field all through the year and only then you get a good crop' Political analyst lists 12 reasons why Akhilesh Yadav lost the UP elections.
Gold jewellery demand in India is likely to decline in the second and third quarters of this fiscal due to hike in import duty, high volatility in prices and inflationary pressure, according to a report. While demand is likely to contract by 8 per cent year-on-year in the second quarter of FY23, the decline is expected to be higher at 15 per cent in the third quarter due to the exceptionally high base in the same period of FY22, Icra said in a report. According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons.
The Shiv Sena has plans to field 50 to 100 candidates in Uttar Pradesh, including in Ayodhya and Mathura and made it clear that the party will not be part of any alliance.
Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.
The Chinese aren't after territory. Their target is our national will, morale and the sense of autonomy we feel in making our strategic choices. They are attacking India and the Modi government at their weakest point, asserts Shekhar Gupta.
'If the Opposition does make a dent, it could encourage the efforts of regional parties to come together for the larger battle in 2024 and mark the beginning of a new anti-BJP politics.'
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 90,580 crore at April-end, compared to Rs 87,979 crore in March.
The Bharatiya Janata Party's action against its two members for their controversial comments against Prophet Mohammed cap a series of statements from its top brass and also Rashtriya Swayamsevak Sangh chief Mohan Bhagwat that sought to distance their organisations from shrill and combative religious rhetoric, even as it has brought to fore the conflict within their wide sphere of support.
'By naming Tejashwi as the next CM candidate, he has put us in a dilemma.' 'Who will lead us in 2025?' 'What will happen to the party after 2025?'
A 1-1 draw kept Churchill two points adrift of leaders East Bengal in the National Football League.
Year 2008 results of India's largest drug maker, Ranbaxy Laboratories, and Wockhardt were also impacted by forex losses. Companies such as Aurobindo and Orchid are also expected to post forex losses, say analysts.
Jairam Ramesh said the Congress has to be the "fulcrum" of any Opposition alliance to take on the BJP in the 2024 general elections as it is the only political force with a pan-India presence.
It took Australia seven attempts but under Aaron Finch they finally laid their hands on a maiden Twenty20 World Cup title on Sunday with an eight-wicket triumph over New Zealand.
The rupee appreciated by 0.27 per cent in June against the dollar.
Experts suggest that a revamp in the surrounding infrastructure should take care of the issues plaguing the VB-2, stressing that the lightweight nature of the trains is what allows for higher speeds, and that needless design additions may hamper the train's efficiency.
Amid news of a fuel shortage in some parts of the country and wider unrest over fuel issues in the neighbourhood, an analysis of the data from international tracker globalpetrolprices.com shows that the per litre price of petrol is higher in India than in seven out of its nine neighbours.
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