'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
Hybrid mutual fund (MF) offers, expected to drive higher investor interest after the change in debt fund taxation, are set to end 2023 with the slowest account growth in the past three years. Investment accounts in hybrid funds are up 5.7 per cent so far in 2023 compared with 7.6 per cent in 2022 and 20 per cent in 2021, shows the data from the Association of Mutual Funds in India (Amfi). In 2020, the count had dipped 2.4 per cent.
India has also taken note of reports of Saeed's son Talha contesting elections in Pakistan and said the "mainstreaming" of radical terror outfits in the neighbouring country is nothing new and that it has been part of its State policy for a long time.
'.. if you do not want to take the asset allocation call.'' 'This category of funds can offer optimum risk-adjusted returns.'
'... are losing faith in the institutions of government, where people do not believe that the institutions of government operate according to the Constitution, within the confines of the law, where these institutions are seen to be representing a small faction of a particular community against all other (minority) communities.'
There is no question of a Brexit-like referendum on the abrogation of Article 370 in Jammu and Kashmir, the Supreme Court said on Tuesday, as it grappled with the question as to whether its repeal was constitutionally legal.
Justice Chandrachud also dealt with questions about criticism by eminent lawyers on the allocation of cases to particular judges and 'bench hunting', and said the allocation of cases is not "lawyer-driven" and vowed to maintain the credibility of the institution of the Supreme Court.
Sports Minister Anurag Thakur on Tuesday asserted that the Indian contingent will win a record number of medals in the upcoming Asian Games in Huangzhou, China.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
People gathered in educational institutions, offices, city squares and religious places to watch the Indian Space Research Organisation's live telecast of Chandrayaan-3's final descent to the uncharted surface of the lunar south pole.
The stock of State Bank of India (SBI) may re-rate soon, believe analysts, if the lender manages to safeguard its net interest margin (NIM) going ahead. This, along with controlled credit costs, should aid the outlook of the stock which has been underperforming the markets for some time now. "We believe delivery of growth on guided lines, sustenance of NIMs near current levels, and controlled asset quality parameters aiding controlled credit costs should lead to strong profitability and drive re-rating of the stock," said analysts at JM Financial.
The first IIT campus outside India will come up in Tanzania's Zanzibar and it is expected to launch academic programmes in October, the ministry of external affairs (MEA) said on Thursday.
The CWC passed two resolutions on the 75th anniversary of the Quit India movement and re-dedicated itself to uphold and defend the idea of India as envisioned by the leaders of the freedom movement.
Indices across Indian equity markets have edged towards new record highs before undergoing a small correction in the past few sessions. The National Stock Exchange Nifty has gained 20 per cent in the past year; mid-caps (up 33 per cent), small-caps (up 31 per cent), and micro-caps (up 44 per cent) have done better. Several factors have precipitated this rally.
Shooting ace Bindra, who claimed a historic gold medal in the men's 10m air rifle competition at the 2008 Beijing Olympics, runs the Abhinav Bindra Sports Medicine and Research Institute (ABSMARI) -- a one-of-a-kind institute for physiotherapy in the country with a world-class biomechanical and sports science laboratory set up for academic purposes -- in Bhubaneswar.
'It has a natural inclination to foster as much competition among civilian politicians as possible.'
Neeraj Chopra was not at his best but still finished second with a final round throw of 85.71m in the men's javelin event of the Diamond League
Shares of real estate firms have been outperforming over the past year. The rally, analysts say, may hit roadblocks in the near term amid stretched valuations, even as the long-term prospects for the sector remain ebullient. "Most of the positive news flow is already in the price. Hence, investors sitting on hefty profits may partially cash out at current levels," suggests V K Vijayakumar, chief investment strategist at Geojit Financial Services.
The government's negligence towards this 'treasure house of knowledge' can be seen from the fact that monkeys roam about freely in the reading rooms, disturbing the calm of the library, as well as putting the lives of the readers in danger, writes Sajad Ahmad Dar.
The MPs representing various political parties offered heartfelt tributes to the building that has been the epicentre of India's democratic journey.
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
...Is a cultural swaraj under way, wonders Ajit Balakrishnan.
Chief Justice of India D Y Chandrachud on Tuesday said the State has an obligation to recognise unions entered into by queer couples and grant them benefit under the law.
The scaling up of the India-US strategic partnership to the level of non-NATO ally with defence deals, sharing and transfer of defence technology, interoperability, joint collaboration and joint production of defence equipment has exacerbated Moscow's anxiety, notes Rup Narayan Das.
The disciplinary hearing into allegations of racism at Yorkshire County Cricket Club is a "terrible look for the game", former England captain Michael Vaughan said on Friday.
Australia's cricket board has apologised to survivors of child sexual abuse who were involved in the sport and called on its members to join a national redress scheme.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
Stock markets would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends this week, analysts said. The US debt ceiling negotiations and institutional flows will also be watched by investors. "This week, market participants will closely monitor institutional flows, as there is a historical observation that when both FIIs and DIIs become net buyers simultaneously, there is a likelihood of some profit-booking in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers. Bajaj Finance and Larsen & Toubro were the laggards.
In a landmark judgment that delivered a big blow to the government, the Supreme Court on Thursday annulled the electoral bonds scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
Nobel laureate Amartya Sen has slammed Prime Minister Narendra Modi, accusing his government of "extraordinarily large" interference in academic institutions.
Benchmark BSE Sensex closed above the historic 66,000-mark for the first time while NSE Nifty hit a new all-time closing high driven by heavy buying in IT counters and fresh foreign fund inflows. Optimism in global equity markets also helped the local markets maintain their winning momentum for a second day. The 30-share BSE Sensex jumped 502.01 points or 0.77 per cent to settle at its new all-time closing high of 66,060.90.
Power Grid, HCL Technologies, Asian Paints, Hindustan Unilever, Maruti and Nestle were among the laggards. Shares of HCL Technologies were trading over 1 per cent lower even after the company reported a 7.6 per cent year-on-year rise in June quarter net profit on the back of new order wins.
The market capitalisation of BSE-listed firms reached an all-time high of Rs 299.90 lakh crore on Wednesday despite the Sensex falling marginally after a remarkable record-breaking rally in the last few trading sessions. The 30-share BSE Sensex dipped 33.01 points or 0.05 per cent to settle at 65,446.04, after rallying in the past five trading straight sessions. During the day, the benchmark hit a low of 65,256.49 and a high of 65,584.33.
The sharp rally in the midcap stocks has made valuations expensive, and there is room for a correction, wrote Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear. The midcap index, Wood said, now trades at 24.1x 12-month forward earnings compared with 18.7x for the Nifty. Rising crude oil prices, he believes, are another worry for India, which imports nearly 80 per cent of its annual crude oil requirement.
The combined net profit of "early bird" companies, those that have declared their quarterly results, rose for the third consecutive quarter in July-September 2023 (Q2FY24). But the figures suggest a continued slowdown in revenue growth and stagnation in earnings over recent quarters. This slowdown is severe for companies in the manufacturing and non-financial service sectors.
Prime Minister Narendra Modi Thursday made a strong push for reforming multilateral institutions, including the United Nations, and spoke glowingly of India's ties with the United States, saying the two countries stand at a new dawn in their relationship that will not only shape their destiny but also that of the world.
'Without a poverty line, how are we to know whether poverty is the same, or it has come down or it has gone up?'
Maharashtra Deputy Chief Minister Ajit Pawar on Tuesday said nothing much happened during his meeting with his uncle and Nationalist Congress Party chief Sharad Pawar in Pune last week.
