Besides, a sharp 8% decline in Chinese stocks added to the sell-off in domestic equities
Hectic fundraising through IPOs will continue next week, with three firms -- One97 Communications, owner of Paytm; Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics -- are set to launch their initial share-sales to collectively mop up about Rs 21,000 crore. This comes after five companies successfully concluded their public offerings (IPOs) this week. Those five firms are - FSN E-Commerce Ventures, which runs online marketplace for beauty and wellness products Nykaa; Fino Payments Bank; Policybazaar parent entity PB Fintech; decorative aesthetics supplier SJS Enterprises; and microcrystalline cellulose maker Sigachi Industries.
Police seized 100 fake notes of old Rs 500 denomination from Burhanuddin, who first claimed to be a Mumbai resident.
Team Anna member Shanti Bhushan was on Friday found to have evaded stamp duty to the tune of Rs 1.35 crore in the purchase of a prime property in Allahabad and slapped with a fine of over Rs 27 lakh on the outstanding amount.
The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
Sector experts have, however, indicated that a large part of the airwaves in the upcoming auction will remain unsold.
The latest among his donations was the initial corpus of Rs 2.25 lakh to the PM CARES Fund.
India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period, as per the National Statistical Office (NSO) data released on Thursday. India remains the fastest-growing major economy as China's GDP growth in the April-June quarter was 6.3 per cent.
The data provided by the SBI shows that highest purchase of electoral bonds for the year 2019 was reported from Mumbai where the bonds worth Rs 495.6 crore were sold.
Rohit Sharma enthralled home fans to a fine exhibition of sumptuous strokeplay in what could probably be his final knock for the Mumbai Indians.
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.
Uttar Pradesh Chief Minister Mayawati on Thursday attacked Congress saying 62 big scams involving around Rs 20 lakh crore have taken place during the UPA regime at the Centre.
Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple.
Political parties have spent over Rs 53 crore on digital platforms like Google and Facebook between February and May.
Benchmark equity indices Sensex and Nifty closed higher on Friday after two days of fall, helped by buying in metal, telecom and auto stocks amid a firm trend in global markets. Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles and GST collections crossing Rs 1.50 lakh crore for the third straight month in May also added to the optimism. The 30-share BSE Sensex climbed 118.57 points or 0.19 per cent to settle at 62,547.11.
Fiscal deficit had soared to seven-year high of 4.6 per cent of GDP in 2019-20, mainly on account of poor revenue realisation which dipped further towards the close of March because of the lockdown.
The four-door, five-seater pick-up will be priced at Rs 7.62 lakh for the 4X2 version and Rs 8.58 lakh for the 4X4 version (ex-showroom Delhi). The car will be powered by the same engine which powers the group's sports utility vehicle Safari. It will have 2.2 VTT Dicor diesel engine, which belts out a power of 140 bhp. The car does not have much competition in the lifestyle pick-up market with the only other vehicle in the space being Mahindra's Scorpio Getaway.
Chairing a meeting to review the security situation in LWE-affected states, Shah said the Modi government has adopted a policy of zero tolerance against left wing extremism since 2014.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
All India average retail tomato price, which has shot up by 63 per cent to Rs 67 per kg over the last year due to unseasonal rains, are likely to soften from December with the arrival of fresh crop from northern states, the government said on Friday. In the case of onions, retail prices have substantially subsided below to the level that prevailed in 2020 and also 2019, it said. "Tomato arrivals from north Indian states will start from the beginning of December itself, which will add to availability and lead to fall in prices.
Admitting that credit growth is "very low" given the size and growth rate of the economy, the Reserve Bank on Wednesday said for both the numbers to match, "the very very wide output gap" has to close. The central bank also clarified that low credit growth does not necessarily mean low credit flow to the economy, or choking of credit to the system, as bank credit growth numbers that the central bank publishes regularly represent only the outstanding credit in the system. Output gap means due to poor demand conditions, companies are unable run their plant at full installed capacity or, in a larger sense, an economy is not producing optimally as the demand is missing.
Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery. She noted that COVID-19 active cases have declined from over 10 lakh to 4.89 lakh with case fatality rate (CFR) at 1.47 per cent.
'He is exposing the failings of the BJP, which is rankling the party.'
The average asset of the 92 re-elected members of Legislative Assembly in Karnataka is estimated at Rs 30.15 crore, according to the Association for Democratic Reforms and Karnataka Election Watch analysis.
The CBI has named Prasad, his wife Rabri Devi, and daughters Misa Bharti and Hema Yadav, in addition to 12 people who were given jobs in Railway zones of Mumbai, Jabalpur, Kolkata, Jaipur, Hajipur, the officials said.
Rupee fell to its 9-month low of 62.03 against the dollar.
The best-case scenario is that the BJP will top out at around 50 seats in UP -- a drop of 12 from the 62 it had won in 2019. Taken in tandem with Maharashtra and Karnataka, this is what is likely to put paid to the BJP's ambitions of a third term for Modi, argues Prem Panicker.
Since it began commercial operations from October six for six days a week, the train has maintained a tight schedule.
As per the revised pay structure, the chief minister will now draw a salary of Rs 24.6 lakh per annum against Rs 17.22 lakh while cabinet ministers will get Rs 21.60 lakh per annum against the existing Rs 15.30 lakh.
Krishanappa Gowtham scored at a strike rate of 300, smashing 33 not out from 11 balls, which included 4 fours and 2 sixes.
Volkswagen is planning to make India a low-cost manufacturing hub.
Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at a settlement with the employees union on the severance package following the company's decision to shut its Tamil Nadu plant as part of a restructuring exercise. Accordingly, the company would revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year of service from the ongoing offer of 130 days. "An additional one-time lump sum of Rs 1.50 lakh will also be included in the final settlement." Ford India said in a statement.
Delays in implementing power projects, mainly due to fuel issues, could turn Rs 1 lakh crore of bank loans into NPAs if prompt action is not taken, according to a study by KPMG.
Union Home Minister Amit Shah on Sunday took a swipe at the Congress and the Dravida Munnetra Kazhagam over dynasty politics and alleged corruption, calling them "2G, 3G, 4G" parties and said the time has come in Tamil Nadu to throw away these and give the power to a "son of the soil".
Celerio's 793-cc diesel engine is the smallest in the market.
The Covid-19 pandemic has forced a whopping 8.7 lakh expatriates from Kerala to return home, most of them from the Gulf, since last May, with a majority of 5.67 lakh citing job loss as the reason for it, according to official data.
Of the 788 candidates contesting 89 seats in the first phase of Gujarat Assembly polls, 211 are 'crorepatis', with the ruling Bharatiya Janata Party accounting for 79 such nominees, the Association for Democratic Reforms (ADR) said in a report on Thursday.
Investments through participatory notes (P-notes) in the Indian capital market surged to Rs 78,686 crore at October-end, making it the highest level in 14 months, on enhanced global liquidity and measures taken by the government back home. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
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