Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank's comfort zone of below 6 per cent, according to government data released on Wednesday.
India's merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data. Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.
The designated women's coach of the Indian team, Anindita Chakraborty, was conspicuous by her absence in the knockout fixture. Instead, men's coach S Raman sat on the courtside as India women's were shocked by Malaysia in the quarter-finals.
Among the Sensex constituents, 18 stocks closed in negative with UltraTech Cement, L&T, Bharti Airtel, Bajaj Finance and Tech Mahindra being major laggards. Other heavyweights like Asian Paints, Maruti, Titan and JSW Steel also saw heavy selling. In contrast, Kotak Mahindra Bank, Bajaj Finserve, HDFC Bank, ITC and SBI bucked the trend and ended the session with a gain of up to 2.09 per cent.
Kejriwal said that the ordinance must be defeated collectively in Parliament where it is likely to come up for voting as a law in the forthcoming session.
The Kerala police registered a case against five persons including an Asianet News journalist and principal of the government-run Maharaja's College in Ernakulam based on a complaint by student union leader PM Arsho in connection with the mark list controversy.
What is the Amul Vs Nandini battle. Why does the opposition see red over the Gujarat dairy brand's Bengaluru foray with its brand of milk and curd. An explainer seeks to shed light on the issue.
In his first response to the issue, Stalin, president of the ruling DMK, said Palanivel Thiaga Rajan (PTR) has already responded to the matter twice.
The legendary PT Usha will be officially elected as the first woman president of Indian Olympic Association (IOA) during the governing body's polls on Saturday, ushering in a new era in country's sports administration.
Weeks before Canada made an explosive allegation implicating Indian officials in the killing of Sikh separatist leader Hardeep Singh Nijjar, Canadian officials sought public condemnation of the murder from their allies, including the United States, but were met with reluctance, The Washington Post reported.
Indian shooters accounted for 16 of the country's 66 medals at last year's Gold Coast Games and its Olympic Association (IOA) will soon make a decision on whether to follow through on its boycott threat.
Among the Sensex firms, Asian Paints, Tata Steel, HCL Technologies, Nestle, Maruti, JSW Steel, NTPC and Larsen & Toubro were the major laggards. Sun Pharma, Bajaj Finserv, Reliance Industries, State Bank of India and Bharti Airtel were the gainers.
Kuruniyan ACL tear sparks row, Mohun Bagan 'refuse' to release players for Asian Games
The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
The return of shooting, which was controversially dropped from the Birmingham CWG earlier this year, is a welcome development for India.
'We keep saying that we have a very close historical, cultural, linguistic and religious affinity with Nepal. Then why be so insensitive that we cannot find time to talk to them for more than 5-6 months'
Notwithstanding concerns about lofty valuations, smallcaps recorded their most significant monthly gain in nearly three years in November. The National Stock Exchange Nifty Smallcap 100 finished the month with a 12 per cent gain, the most since February 2021 when it rose by 12.2 per cent. After declining by 4.1 per cent in the preceding month, the Nifty Midcap 100 rose by 10.4 per cent, the most since July 2022.
India has lost the right to host this year's Champions Trophy because of an administrative mess which may cost the country future events as well, the International Hockey Federation (FIH) said on Tuesday.
The needs of Indian athletes during multi-sporting events are a tad more hard to satisfy than others, Indian Olympic Association (IOA) Acting [resident Anil Khanna said on Thursday, referring to the controversy surrounding Lovlina Borgohain's coach Sandhya Gurung.
Sakshi notched a 5-0 unanimous decision win against Zhazira Urakbayeva of Kazakhstan to advance to the quarter-finals of the Women's World Boxing Championships
The toughest part is to tackle human behaviour. On the Atal Setu, says Indrajit Gupta, I chose to drive at a consistent speed of 80 kmph in the middle lane. Vehicles on the right lane were clipping along at 150 kmph, way over the maximum permissible limit of 100 kmph. On occasion, I had to slow down or dodge vehicles suddenly pulling into the middle lane from the side.
Hansraj College's decision to discontinue serving non-vegetarian food at its canteen and hostel after it reopened following the pandemic in February last year has drawn sharp criticism from several quarters.
Kerala Sasthra Sahithya Parishad, Student Federation of India, the students wing of the ruling Communist Party of India-Marxist, and others have strongly criticised the classes.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
Three Indian rowers have booked their berths in the Beijing Olympics after winning the qualifying tournament in the Chinese capital on Sunday.
Amid a row over the extension of the territorial jurisdiction of the Border Security Force in Punjab, a top officer of the border guarding force on Saturday said the powers of the state police remain intact and the BSF is only there to complement it.
Tightening its noose around Canada-based 'designated individual terrorist' Gurpatwant Singh Pannu, the National Investigation Agency (NIA) confiscated a house and land of the self-styled general counsel of the outlawed Sikhs for Justice (SFJ) outfit in Punjab's Amritsar and the Union Territory of Chandigarh on Saturday, an official said.
The NCERT has dropped references to the demand for a separate Sikh nation of Khalistan from the class 12 political science textbook following objections from the Shiromani Gurdwara Parbandhak Committee (SGPC), according to top education ministry officials.
BAI General Secretary Ajay Singhania said that BAI is in receipt of the letter from the shuttler.
He, however, made it clear that a sudden change cannot be expected as it was a "sensitive matter" related to an age-old custom and tradition.
'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'
The CBSE had announced that it had rationalised the syllabus for Classes 9 to 12 for the 2020-21 session by up to 30 per cent to make up for the academic loss caused due to COVID-19. However, it was the decision to drop topics related to Social Sciences which drew sharp reaction from opposition parties like the Congress, Left, Trinamool Congress, Nationalist Congress Party and Shiv Sena.
Amid the row over BJP MP Ramesh Bidhuri's derogatory remarks in the Lok Sabha, BSP MP Danish Ali on Monday questioned the "delay" in action against the ruling party leader and alleged that the comments seem to have been sanctioned by the BJP's top leadership to build a narrative around him and his community.
The promising rower pleads ignorance about taking any performance-enhancing substance.
Another year passed but the sorry state of Indian hockey refused to change as the prolonged struggle for power between two warring federations once again took centre-stage over the performance of the national team in 2011.
'I would put my hand in the ground and have a little listen to what the mountain was doing.' 'Actually, it was still collapsing.' 'And there was a very real possibility that at some stage, without warning, the collapse could continue -- and continue across us, the people who were doing the rescue and also across to the men on the other side, who were being rescued.'
From the Sensex pack, Bajaj Finance, Bajaj Finserv, Reliance Industries, Wipro, HDFC Bank, HDFC, ICICI Bank and Tata Steel were the major laggards. ITC was the lone winner in the Sensex pack.
The Odisha government claimed that it is the world's largest facility in terms of seating capacity and certified by the International Hockey Federation (FIH).
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
'It is Maharashtra that started this fire.' 'Suddenly, out of nowhere, they started talking about the border dispute being sub judice and they started talking about meeting the people in Belagavi who want to break up our state.'
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