The retail broking industry's top line could more than double over the next five years, according to the estimates of consultancy firm Bain & Company. The industry, which facilitates stock market trading for investors, has already witnessed its revenues double from Rs 14,000 crore during 2018-19 (FY19) to Rs 27,000 crore in 2022-23 (FY23), reflecting an annualised growth rate of 17 per cent. "This growth has been fuelled by the emergence of India's mass-affluent and affluent segments, coupled with increasing financial literacy.
'It's important to take one match at a time, not think about five-match Test series (against England). The team is only for the first two games. The motto would be to perform in the first two games and then look forward to the rest of the games.'
Virat Kohli relives the Haris Rauf over and his match-winning 82 not out off 53 balls in the 2022 T20 World Cup match against Pakistan at the MCG.
One person was killed and 10 others suffered injuries when members of two communities clashed at a village in Maharashtra's Satara district following an 'objectionable' post on social media, police said.
With the rains at unprecedented low in August, kiranas are thinking twice before stocking up on goods. "With August 2023 rain shortfall at almost a 100-year low, we are seeing kiranas stocking up very carefully," Akshay D'Souza, chief of growth and insights at Bizom. He added, "As we look ahead, it does seem that the impact of rains in September will be critical to the sowing season.
Passenger vehicle wholesales in India rose 9 per cent year-on-year in August on the back of strong demand for utility models, industry body SIAM said on Monday. Overall passenger vehicle dispatches to dealers rose to 359,228 units last month from 328,376 units in August 2022. Utility vehicle sales increased 34 per cent year-on-year to 181,825 units.
ICC names Sachin Tendulkar as 'Global Ambassador' for ODI World Cup
'The day holds a personal touch for me as well, being the birthday of my father.' 'The confluence of these two celebrations renders it even more special.'
'In Western UP, last time a lot of Dalits voted for the BJP.' 'This time, there is a rethink among Dalits about the extent of their support for the BJP.'
In a major victory for the Hindu side, a Varanasi court on Wednesday allowed Hindu devotees to offer prayers inside the 'Vyas ka Tekhana' area inside the Gyanvapi mosque complex.
The Delhi high court on Wednesday upheld an order of the Income Tax Appellate Tribunal (ITAT) refusing to stay a notice issued by the Income Tax department to the Congress party for recovery of outstanding tax of more than Rs 100 crore.
New mother Osaka targets Grand Slam return at Australian Open
Apart from Renshaw's inclusion in place of Warner, there are no changes to the squad which beat Pakistan by eight wickets in the third and final test to sweep the series 3-0 last week.
The market capitalisation of Adani Group companies rose by nearly Rs 73,000 crore on Monday as investors lapped up shares of the power-to-port conglomerate after BJP's electoral wins in three states, spurring hopes of regime continuity at the Centre. The Gautam Adani group's market map once again neared the Rs 12-trillion mark, following sharp gains made over the past week. "Two big overhangs for the Adani Group have receded somewhat following the state election results, there is more certainty that the BJP will win a third time next year.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
Adani Ports and Special Economic Zone will prepay $195 million of debt due in 2024 as the conglomerate helmed by Gautam Adani looks to boost investors' confidence post being targeted by a US short-seller. In a stock exchange filing, APSEZ said it will buy back $195 million of bonds due in 2024 using its cash reserves. Out of the $520 million principal outstanding, $325 million will be left after the buyback, it said.
JSW Steel was the biggest gainer on the Sensex chart, rising 2.68 per cent, followed by Tata Motors, Mahindra & Mahindra, Tata Steel, Titan, ITC, Tech Mahindra, NTPC, Reliance Industries and Larsen & Toubro. In contrast, Bajaj Finance, Maruti, ICICI Bank, Power Grid, Asian Paints and Axis Bank were major laggards.
Afsar Dayatar/Rediff.com worked hard through the year to capture movie stars on camera, and here are some of 2023's most entertaining moments.
Virat Kohli described how the 'energy' inside the MCG stadium inspired him to the match-winning knock against Pakistan in the T20 World Cup last year.
The official said that the National Statistical Commission (NSC) is examining the working group report on the roadmap for introducing the PPI and their recommendations are awaited. "It is with Statistical Commission, so we will wait for the panel recommendation," the official, who did not wish to be named, said.
Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.
The Reserve Bank on Friday retained the inflation forecast for 2023-24 at 5.4 per cent, and vowed to take timely measures to prevent any spillovers of global food and fuel price shocks. Stressing that the Reserve Bank has identified high inflation as a major risk to macroeconomic stability and sustainable growth, Governor Shaktikanta Das said the September retail inflation number may be lower than August and July prints. The headline inflation based on Consumer Price Index (CPI) moderated to 4.6 per cent in first quarter of 2023-24 as compared to 7.3 per cent in the same period a year ago.
The suspended WFI, despite being warned of legal action by the Sports Ministry for organising the 'nationals', went ahead with the tournament in Pune from January 29-31.
Massa, who failed to score after a bungled pitstop, claims the race should have been cancelled because the sport's leaders allegedly knew before the end of the 2008 season what had happened but covered it up.
'Even in domestic cricket, we don't have red-ball cricket back home. So the challenge for us is to make yourself ready in such a short time.'
The Uddhav Thackeray-led faction of Shiv Sena is keen to contest eight out of the 10 Lok Sabha constituencies in the Mumbai Metropolitan Region with some 'give and take' in the next elections, sources said on Tuesday.
'An entire operation was running systematically prior to the revoking of Article 370.'
Shiv Sena (UBT) MLA Aaditya Thackeray has moved the Bombay high court seeking to be heard before any order is passed in a public interest litigation demanding a CBI probe in connection with the deaths of actor Sushant Singh Rajput and his former manager Disha Salian.
India has a strong squad but their only worry would be expectations of a home ICC Men's Cricket World Cup.
Raina hailed Australia's mentality and talked about how their mindset makes them a tough opposition to face, especially in the final.
IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
The Cairo World Cup will be held in all three disciplines -- pistol, rifle and shotgun -- and will conclude on February 1.
In mixed multihull - nacra 17, the Indian pair of Indar Siddeshwar Doiphode and Ramya Saravanan were placed fourth after race 12 with less than a minute's gap from the leaders in a tightly contested field. Doiphode and Ramya were third after race 11.
The benchmark National Stock Exchange Nifty has rallied 4 per cent, or 750 points, from this month's low to end at 19,732 on week ending November 17. Technical analysts say the market could consolidate around the current levels as it is nearing the resistance zone. "The near-term uptrend status of the market remains intact, but there is a possibility of some more consolidation or minor weakness for the Nifty in the next one to two sessions.
Veteran actor Junior Mehmood, who was battling with stage four cancer passed away in Mumbai on Friday.
Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd's (RIL's) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant's elder siblings - Akash and Isha. In its recommendation note, IiAS said, "At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines."
Now, with Lionel Messi and Cristiano Ronaldo venturing into smaller leagues as they near the end of their brilliant careers, 2024 may finally be the year for the next in line in football royalty.
The injury forced Smith to wear a wrist brace and miss the white ball tour of South Africa.
Alisha was apprehensive of how the fellow Indians in the stands would react to her holding the Pakistan flag. However, the game was played in front of a sporting crowd with many among the 9000-odd spectators also cheering for the Netherlands squad.
Shadab was quizzed about Agarkar's remarks on how India will deal with their pace bowling attack...
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