Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
While Jio MF will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader, observes Debashis Basu.
India on Thursday described as 'matter of serious concern' reports that said some members of the Indian community in Canadian province of British Columbia received 'extortion calls'.
'We've had an opportunity to connect as the group, we have had a chance to do some fitness, we have had some fielding done on the side, lot of skills with the bat and ball.'
Rising penetration of trade generic medicines is eating into the value growth of the domestic pharmaceutical market, showed a recent analysis. According to a Kotak Institutional Equities analysis, 70-110 basis points (bps) annual dent is expected from trade generics and Jan Aushadhi on Indian Pharma Market (IPM) growth at least until FY27-28 (see chart). Trade generic medicines are those that are not pushed into the market through doctor promotions.
There's a hint of new competition riding into a sector that has attracted attention for being in a duopoly-like situation. Rapido, a commute app known for its budget-friendly bike-taxi services, on Tuesday announced its entry into the cab market, which is currently dominated by marquee brands Uber and Ola. Rapido's cab foray will be enabled by a software as a service (SaaS)-based platform.
After a spike in crude oil and gas prices in October following the Hamas terror attack, prices eased down 9 per cent month-on-month in November. The Organization of the Petroleum Exporting Countries (Opec) and Opec+ agreed to a further voluntary production cut in January-March 2024 to try and support global crude prices. The best guess here is that crude prices (currently at $75/barrel, or bbl) will not likely cross significantly above $80, and gas prices are also likely to remain subdued unless there's a further escalation in the Israel-Hamas conflict.
Kevin Pietersen's claim that a former England captain has told the England Cricket Board that three of his team-mates might have access to a parody twitter account mocking him came out to be true with Alec Stewart saying that he stood by what the controversial former batsman said in his autobiography.
'We will have a strong exit as our third quarter is strong.'
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Transcript of Nikhil Pahwa's chat with Rediff readers.
Meet Nilima Kalra, 79, Manju Roy, 80, Sumita Maan, 79, and Gurpreet Kaur, 75.
The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI. "The supervisory reviews undertaken by the Reserve Bank and the feedback and references from members of public have revealed several instances of unreasonable elongation of tenor of floating rate loans by lenders without proper consent and communication to the borrowers," he said.
'Overall, it's based on two things. First, it's identifying talent. And then the quality of the educational programme and the coaching is absolutely vital. The AIFF has to take charge of the education with us and we need good cooperation.'
Gulbadin Naib, who had captained the Afghanistan team at the 2019 ICC Cricket World Cup, posted a strongly worded tweet against the national cricket board and teammates.
Meet the youngsters who rule India's social media.
Drug major Cipla on Tuesday said it has launched drone-powered deliveries of critical medicines - cardiac, respiratory and other essential chronic therapies - to hospitals and pharmacies across Himachal Pradesh in partnership with Skype Air Mobility, a Gurugram-based drone delivery company. Cipla is the first among large Indian pharmaceutical companies to adopt drone-based deliveries to facilitate expedited supply to stockists in remote areas, it claimed. The Mumbai-based firm said the use of drones will support the on-time delivery of its medicines to chemists and clinics in remote areas, and minimise risks of affecting cold chain products due to temperature excursions.
Spain's captain Olga Carmona -- the scorer of Sunday's deciding goal -- plays for Real Madrid, where the women's team generated revenues of 1.4 million euros in the 2021/22 season, according to Deloitte. That compared with the Real Madrid men's teams revenues of 713.8 million euros in the same season.
Australian batting great Matthew Hayden believes T20 cricket is not always about power and subcontinental players such as Suryakumar Yadav demonstrated that they can pose a threat with "access shots" and "innovation".
Prince Ram Niwas Yadav has been banned by the BCCI from domestic cricket for the next two seasons after being found guilty of fudging his age in under-19 tournaments.
The Securities and Exchange Board of India (Sebi) is in the process of issuing a standard operating procedure (SOP) for designated depository participants (DDPs) regarding disclosures and onboarding of foreign portfolio investors (FPIs), according to a regulatory document seen by Business Standard. DDPs act as a link between the markets regulator and overseas investors. The SOP, framed in consultation with the industry, aims to bring consistency across all players and avoid any form of regulatory arbitrage.
'We are expected to grow at above 28 per cent this year, higher than the industry.'
Chinese fashion e-commerce platform Shein is expected to make a second entry into India and has tied up with Reliance Retail for this, according to a source in the know. The source said as part of the tie-up, Shein would source goods from India for its global operations. Also, the manufacturing of its products could happen in the country and they could be exported.
'With this revamp the anonymous journey of the user will begin wherein he will not have to sign in every time he accesses the app.'
Steph Curry had a disappointing season with the NBA's Golden State Warriors but he still managed to add another piece of silverware to his trophy cabinet.
Fans can now register for ICC Men's Cricket World Cup 2023 tickets to secure their spot at experiencing the joy of cricket in the one-day format.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
In a bid to enable subscribers to choose their own long distance operator, Trai now plans to start work on carrier access code.
The Reserve Bank of India's (RBI's) decision on Wednesday to relax restrictions on banks operating in the International Financial Services Centre (IFSC) related to the repatriation of idle funds in foreign currency accounts (FCA) could give a fillip to trading in foreign stocks at the GIFT City.
Medvedev's deep groundstrokes have been a major component of his clay-court progression. His baseline retrieving has been the foundation of his hard-court success, and he attributed his success on the clay this year to a string change at the start of the 2023 season.
The DigiLocker platform, launched on July 1, 2015, by Prime Minister Narendra Modi, has 2.1 million registered users and 2.4 million documents have been uploaded
Online retailers pointed out that their delivery staff is being stopped by local police and urged authorities to streamline the movement of delivery agents and goods.
Reliance is leveraging the technological change of building a virtualised 5G network which would see the current hardware-dependent networks shift to software-centric platforms.
'As long as businesses do not consider cyber recovery an integral part of their enterprise IT, they remain greatly vulnerable.'
The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
Trade generic drugs (medicines that are sold directly through distributors) are fast becoming a key segment for domestic pharma firms as volume growth slows in the overall market. Big companies like Cipla and Alkem have a significant presence in the segment but recently, players like Torrent Pharmaceuticals and Dr Reddy's Laboratories (DRL) have also entered this market. What is driving big pharma's focus on trade generics? The volume growth in the Indian Pharma Market (IPM) has come down from 5.6 per cent in FY16 to 0.1 per cent in FY23.
The government is at a "fairly advanced stage" of finalising a well-coordinated e-commerce policy and consumer protection rules, which will incorporate provisions of Open Network for Digital Commerce (ONDC), Department for Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on Thursday. "E-commerce rules and e-commerce policy will be congruent with each other... That exercise is at a fairly advanced stage," Singh told reporters. The remarks come on a day the number of daily transactions on the platform has gone up 500 times since the beginning of this year with the number of retail merchants added to its roster growing 40-fold.
"So there's no need [to play in overseas leagues], they're absolutely fine playing IPL cricket and focusing on domestic cricket. We need them to play domestic cricket in India as well," he added.
'Our expectations are that we will be able to double our market share from 14-15 per cent currently to around 30 per cent by the end of the financial year.'
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