The last time this happened was in 1996.
"I think Mumbai is the safest among mega cities in the country. It is true that some incidents take place sometimes, and they must be taken seriously. But to say that Mumbai is unsafe due to such incidents is not right," Fadnavis told reporters.
In January, SIP account closures surpassed new registrations for the first time.
'Expect FPIs to continue selling for several months until the rupee stabilises.'
Atishi, a prominent leader of the Aam Aadmi Party (AAP), has retained the Kalkaji Assembly seat in the Delhi elections. She defeated her BJP rival, former MP Ramesh Bidhuri, by a margin of 3,521 votes. Atishi's win comes as a relief for the AAP, which suffered major losses in the polls. She had previously served as the Chief Minister of Delhi for a short period last year. Atishi's victory is significant as she is one of the few AAP leaders to win in the elections. Her win is likely to solidify her position within the party.
Union Minister Raksha Khadse on Sunday lodged a police complaint regarding the harassment of her daughter and some of her friends by a group of boys at an event in Maharashtra's Jalgaon district.
Hero MotoCorp anticipates a big rebound in two-wheeler (2W) sales in rural India over the next four to eight quarters, driven by favourable factors such as a decent monsoon, rising crop prices, improved employment conditions, and increasing consumer confidence, its chief executive officer (CEO) Niranjan Gupta said on Wednesday. Amid tepid rural sales, he stated that there is a "strong case" for GST (goods and services tax) on entry-level two-wheelers, which are under 125 CC, to be moved down from 28 per cent to 18 per cent as they are used by "masses".
Maharashtra Minister Uday Samant on Friday claimed that many leaders from the opposition Shiv Sena-UBT were in touch with his party and would be inducted in phases.
Passive funds tracking the National Stock Exchange Nifty Next 50 Index have seen their assets under management (AUM) more than double in the past year. The index's growing popularity can be attributed to its robust 50 per cent return over the same period. Currently, the AUM of funds tracking the Nifty Next 50 index stands at nearly Rs 30,000 crore.
A careful calculation of the BJP's support base seems to have been at work in the cabinet expansion that took place a day after the party's national president chaired a meeting of the "core group" here.
'2025 is the year to build a portfolio for the future. Focus this year should be on valuations and visible growth.'
Largecap companies are generally less vulnerable to economic slowdowns than their mid- and smallcap counterparts.
Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
FOMO-driven investing is reshaping India's stock market. Swati Saxena explains how social media hype fuels risky bets and how to protect your wealth.
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
The new proposal comes close on the heels of six measures introduced by Sebi to curb frenzy in index derivatives.
The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about $840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore in the entire January. Before that, they invested Rs 15,446 crore in December, data with the depositories showed.
Defying the bearish sentiment in the markets on Monday, ICICI Bank's share price rose by 2 per cent, reaching an intraday high of Rs 1,234.4 per share on the BSE. With a 1.5 per cent gain at the close, the stock emerged as the top performer on both the BSE Sensex and the National Stock Exchange Nifty 50 indices.
The answer depends on your financial goals and risk appetite, says Certified Financial Planner Ramalingam Kalirajan, and explains why.
'I am more optimistic about India than before.'
Shinde was reportedly not happy as he had to cede the top post to the ally BJP, and was reluctant to take the deputy CM post.
Dr Reddy's Laboratories (DRL) share price plunged 6.66 per cent to Rs 1,203.50 per share on the NSE during Friday after analysts remained cautious on the company's Q3 performance and differed on its growth outlook. DRL's Q3 performance was viewed as subdued by some analysts when they adjusted it for one-time grants and incomes that the company received during the quarter.
The stock of footwear major Bata India has been the highest gainer among larger listed footwear companies since the start of the month on expectations of a recovery in the value segment, new launches and measures by the new government to boost consumption. The third largest footwear maker by market capitalisation has been trailing its peers over the past few quarters due to the slowdown in the mass segment market which accounts for a significant chunk of its revenues.
The United States has temporarily suspended foreign assistance to Pakistan for re-evaluation following an executive order issued by President Donald Trump, according to a media report on Tuesday.
Let reason, not emotion, guide your decisions.
The Supreme Court of India expressed concern over the appointment of DMK leader V Senthil Balaji as a minister in the Tamil Nadu government despite pending money laundering cases against him. The court questioned the state government's decision, stating it is "terribly wrong" to appoint a person as a minister while facing legal proceedings. The matter has been adjourned to January 15, 2025.
Do you have financial planning queries? Ask rediffGURU Abhishek Dev.
'Retail investors have to stick to their asset allocation plans and continuously do portfolio reviews.'
The exodus of FPIs from the Indian equity markets continues unabated, as they withdrew Rs 64,156 crore ($7.44 billion) this month so far on depreciation of the rupee, rise in the US bond yields and expectation of a tepid earning season. This came after an investment of Rs 15,446 crore in the entire December, data with the depositories showed.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The Reserve Bank on Monday said asset quality of banks improved further and their gross non-performing assets (GNPA) or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024 on the back of falling slippages and steady credit demand. The RBI also flagged concern over a sharp rise in write-offs, especially among private sector banks (PVBs), which could be partly masking worsening asset quality in unsecured lending segment and dilution in underwriting standards.
Tata Elxsi (TelX) reported a weak Q3FY25, with a sharp deceleration in the transportation vertical. However, recent deals in the Asia-Pacific (APAC), higher mix of original equipment makers (OEMs) and partnership with Qualcomm will improve growth. FY25 is the third successive financial year of revenue growth deceleration and second successive financial year of profit deceleration.
Dabur's pre-quarterly update for Q3FY25 disappointed the market with the share dropping by 3.9 per cent. Growth was slower than expected and inflation hit margins. The management said that the fast-moving consumer goods (FMCG) consumption in rural markets was resilient and continued to grow faster than in urban markets.
Christopher Wood, global head of equity strategy at Jefferies has rejigged his equity portfolios. In his Asia ex-Japan long-only portfolio, he has added Axis Bank (5 per cent weightage) and increased holding in Larsen & Toubro (L&T) by one percentage point. This, Wood said, will be paid for by removing the investment in ICICI Lombard General Insurance and reducing the investments in HDFC Bank and Reliance Industries (RIL) by one percentage point each.
The Bharatiya Janata Party is expected to cede housing ministry to the Shiv Sena in Maharashtra following the likely cabinet expansion in the state, sources said, adding that the BJP will retain the home ministry.
From disagreement over guardian minister's post to taking separate review meetings to separate medical cells and 'war rooms' for monitoring projects, the unease between Maharashtra Chief Minister Devendra Fadnavis and his deputy Eknath Shinde seems to be growing.
Foreign investors have withdrawn Rs 22,194 crore from Indian equities this month, driven by expectations of a weak earnings season, a steady rise in the US dollar, and concerns over tariff war during Donald Trump's presidency. This came following an investment of Rs 15,446 crore in the month of December, data with the depositories showed.
SBI Mutual Fund recently launched the SBI Quant Fund. Its new fund offer (NFO) opened on December 4, 2024, and will close on December 18, 2024. Currently, 11 fund houses manage quant funds with assets worth Rs 9,013.6 crore.
Analysts have largely maintained their positive outlook on HDFC Bank, as the private lender reported in-line results for the October-December quarter (Q3) of the current financial year (2024-25/FY25). They believe the results were 'strong' given the tough macro environment, and relative to peers.
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