Little-known retired swimmer Naoko Imoto will be a last-minute stand-in to receive the Olympic flame during a scaled back handover in Athens on Thursday, Tokyo 2020 organisers said. The Tokyo 2020 team had contacted Imoto, who lives in Greece, only hours before making the announcement on Wednesday evening in the Japanese capital.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
Barring oil and gas, all BSE sectoral indices finished in the green.
Improvements in the labour market has triggered this sentiment.
The Indian bourses on Monday pared all its gains and slipped into the red towards the end of the trading session owing to weakness in the metal and realty stocks.
The rise in bond yields would make it difficult for banks to pass on rate cuts as except for retail loans, most of their legacy portfolio are linked to marginal cost based lending rate, which takes into consideration bond yields.
Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.
The NSE Nifty closed lower by 44.55 points, or 0.39 per cent, at 11,234.35. Intra-day, it shuttled between 11,332.05 and 11,210.90.
Both indices are down nearly 9 per cent from their all-time highs in mid-January. A sharp reversal seems difficult this time as the peak impact of the virus is yet to play out.
The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
Fund managers have favoured stocks in the financial services and automobile spaces, which include IDFC, PNB, Maruti Suzuki and Hero MotoCorp.
Any reduction in devolution could aggravate the strained relations between the Centre and some opposition-ruled states on a number of issues, including CAA.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
"We humbly request to you to alleviate some of the hardships that we and engineers have been facing, by ensuring that the new Jet management does not further delay our pending salaries dues at the earliest," NAG general secretary Tej Sood said in an e-mail to SBI chairman Rajnish Kumar.
The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
Covering-up of short positions by speculators ahead of September month expiry in the derivatives segment on Thursday also helped the market stage a smart rally.
The biggest gainers on both the bourses were Reliance Industries, Infosys, NTPC, ONGC, HUL, PowerGrid, Asian Paints, ITC and HCL Tech, rising up to 2 per cent.
Larsen & Toubro, country's biggest engineering and construction major, said its net profit dropped 12 per cent.
If the government cuts wasteful expenditure as it is trying now, the deficit would at most fall to 8 per cent, not less than that.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
Noted scientist R A Mashelkar and yoga guru B K S Iyengar were on Saturday chosen for this year's Padma Vibhushan, the second highest civilian honour in India, while cine star Kamala Haasan, author Ruskin Bond and late former chief justice J S Verma were selected for the Padma Bhushan.
Markets end marginally higher supported by IT shares as Infosys's Q3FY14 results boosted sentiment.
In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
The CM announced ex gratia of Rs 4 lakh each to the next of kins of those killed.
The Sensex opened with a positive gap of 102 points at 12,747
The 30-share benchmark index saw a mild recovery before ending at a new closing high of 25,583.69, up 3.48 points or 0.01 per cent.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
The 30-share Sensex ended at 20,725 down by 42 points after topping the 21,000 mark while the 50-share Nifty ended down 14 points at 6,164 after hitting a high of 6,252 during the day.
It was a third consecutive day of equity market closing in red this week after a stellar rally seen earlier.
Yes Bank, Wipro, Kotak Bank, M&M, Sun Pharma, Maruti, HDFC, Hero MotoCorp, Infosys, TCS, L&T, Bajaj Auto and HUL were among the top gainers, rising up to 6 per cent.
Reliance Retail will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group. Future Group's financial and insurance businesses are not part of the deal.
Asian stock, bond and currency markets took another big hit after a fresh spike in US interest rates re-ignited concerns about capital flows from the region and forced investors to pare back their Asian portfolios.
This will ensure its vehicles reach dealers much faster and delivered to buyers in a maximum of three days, reports Shally Seth Mohile.
'It is no longer practical to expect parents to pay anywhere between $40,000 and $55,000 for the year or even half for the term if there is no clarity.'
For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.
The race was originally set to be held in Shanghai on April 19, but the governing body FIA and Formula One said in a statement that they had jointly decided to postpone it.
The move comes at a time when consumers are shunning high-quality coal, which has become costlier than prevailing market rates globally.
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
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