The ICC Champions Trophy in Pakistan has seen a decline in attendance following the early exit of the Pakistani cricket team and the start of Ramadan.
From the Sensex pack, Tata Consultancy Services and Infosys fell over 2 per cent each. Hindustan Unilever, Bharti Airtel, Sun Pharma, Power Grid, Bajaj Finserv, HCL Tech, Mahindra & Mahindra, and Tech Mahindra were also among the laggards. Among the gainers, Zomato jumped nearly 5 per cent. Larsen & Toubro, Axis Bank, ICICI Bank, IndusInd Bank and Kotak Mahindra Bank were also among the gainers.
'Sushant Singh Rajput threw Rhea Chakraborty out of his house six days before he died.'
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
'The Congress cannot speak the BJP's words while targeting Kejriwal.' 'What is the difference between the two? Where is the unity of INDIA then?'
A US plane carrying 119 illegal Indian immigrants is expected to land at Amritsar airport on February 15, the second such batch of Indians deported by the Trump administration as part of a crackdown on illegal immigration. The plane is expected to land around 10 pm on Saturday. The 119 deportees include 67 from Punjab, 33 from Haryana, eight from Gujarat, three from Uttar Pradesh, two each from Goa, Maharashtra and Rajasthan, and one each from Himachal Pradesh and Jammu and Kashmir. Another US plane carrying deportees is also expected to land on February 16. This development comes days after a US military aircraft carrying 104 illegal Indian immigrants landed at the Amritsar airport last week. Most of the deportees hailing from Punjab said they wanted to migrate to the US for a better life for their families. However, their dreams were shattered when they were caught at the US border and brought back in shackles. The Trump administration has launched a crackdown against illegal immigrants since taking office, leading to the deportation of many people who entered the US through illegal means. Several political leaders in Punjab have questioned the landing of US aircraft in Amritsar, with Punjab Finance Minister Harpal Singh Cheema alleging that the BJP-led Central government wants to defame Punjab. The Punjab government has formed a special investigation team to probe the issue of illegal human trafficking following the deportation of Indian citizens domiciled in Punjab from the US. The SIT has so far registered 10 FIRs against fraudulent immigration consultants based on statements from deportees.
India's foreign exchange reserves fell for the fourth consecutive week after reaching an all-time high last month. In the week ending October 25, the forex reserves declined by $3.46 billion to $684.80 billion, according to data released by the Reserve Bank of India (RBI) on Friday. In the three preceding weeks, reserves dropped by $3.7 billion, $10.7 billion, and $2.16 billion, respectively, the data showed.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
'We don't know which bus is coming next. I know for sure whatever bus comes next, it will miss that too.'
'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'
From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the major laggards. Among the gainers, Bajaj Finance jumped over 5 per cent. Mahindra & Mahindra, Bajaj Finserv, Bharti Airtel and Maruti also ended higher.
A 15-year-old boy in Malvan, Maharashtra, has claimed he was falsely accused of raising anti-India slogans during a cricket match. His family alleges he was trapped by people who beat him up and instigated a fight. The family's shop, godown, and home were subsequently demolished, while the boy and his parents were arrested. The teen maintains he doesn't watch cricket and was returning from prayers when the incident occurred.
Analysts are warning of growing risks to the market's sustained momentum, and even to the possibility of consolidation at current levels. Domestically, markets are grappling with several challenges, including a slowing economy, as indicated by the latest GDP data for the July-September (Q2) quarter of 2024-25 (FY25), sticky inflation, fluctuations in the rupee, waning consumption, and high interest rates.
What does this mean for you? Ramalingam Kalirajan explains.
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
Maharashtra Minister Nitesh Rane, a BJP leader, has sparked controversy by stating that supporters of the Shiv Sena (UBT) and other opposition parties will not receive development funds for their areas. He urged opposition party members to join the BJP if they wanted development in their constituencies. His remarks drew strong criticism from opposition leaders, who questioned his adherence to his oath of office.
India's forex reserves dropped by $8.71 billion to $625.87 billion in the week ended January 10, the RBI said on Friday. Earlier, the overall kitty dropped by $5.693 billion to $634.58 billion in the week ended January 3, the Reserve Bank of India said.
Dwaipayan Bose explains what momentum investing is, how it works, why it generates higher returns and has higher wealth creation potential.
'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. The net liquidity surplus of the banking system rose to touch Rs 1 trillion on Tuesday on the back of government spending, according to the data released by the Reserve Bank of India.
Equity markets this week will take cues from global trends, trading activity of foreign investors and quarterly earnings, with TCS kick-starting the results calendar on Thursday, analysts said.
Food budgets in urban areas spent less on protein as compared to beverages and processed foods, reveals the Household Consumption Expenditure survey data for 2023-24.
Firodia talked about his plans for the EV-components business, and the components business at large for the group
Shipments of personal computers grew 3.8 per cent on a year-on-year basis to 14.4 million driven by demand for gaming and AI-powered PCs, market research firm IDC said on Monday. IDC India, South Asia and ANZ, associate vice president for devices research, Navkendar Singh said the weakening rupee can lead to an increase in device costs, which can impact the price-sensitive SMB (small and medium businesses) and consumer segments but despite all challenges, the India PC market is most likely to witness a low single-digit growth in 2025.
eclined for the third month in a row in January, falling by 2.38 per cent year-on-year to $36.43 billion, while the trade deficit widened to $22.99 billion in the month. Imports rose by 10.28 per cent year-on-year to $59.42 billion in January due to an increase gold shipments, according to the Commerce Ministry data. The trade deficit was $21.94 billion in December and $16.55 billion in January last year.
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
'Growth, liquidity and deposit mobilisation are likely to be discussed during the interaction.'
This is the story of a man who fought racism and casteism throughout his life to become a professor of Bharata Natyam at the premier centre for performing arts in India, the Kerala Kalamandalam.
The PCB asserted that the presence of ICC delegation, including broadcast, hospitality and event operations officials in the country, was an affirmation that the event is on schedule in Pakistan.
The Pakistan Cricket Board has allocated 12.8 billion rupees for the renovation of stadiums in Lahore, Karachi and Rawalpindi ahead of next year's ICC Champions Trophy, informed PCB chairman Mohsin Naqvi.
India's forex reserves dropped by $5.69 billion to $634.58 billion in the week ended January 3, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had declined by $4.11 billion to $640.28 billion.
The Budget should undertake further reductions in import tariffs and seriously consider an announcement of India's intention to join one or both of the two Asian mega-regional free trade agreements, suggests Shankar Acharya, former chief economic adviser to the Government of India.
A war of words erupted in the Indian Parliament on Tuesday between Samajwadi Party (SP) MPs and BJP MP Hema Malini over the alleged mismanagement at the ongoing Maha Kumbh in Prayagraj. SP leaders accused the Uttar Pradesh government of failing to provide adequate food, water, and fuel, leading to the deaths of devotees. Hema Malini, however, defended the event's organization, claiming it was well-managed despite a stampede that occurred on January 29th.
Kejriwal alleged that the inflated water bills started arriving after he went to jail and urged people not to pay those bills.
Macroeconomic data announcements, trading activity of foreign investors and global trends will guide equity market movement this week, which would also mark the beginning of the new calendar year and month, analysts said.
India's forex reserves dropped by $4.11 billion to $640.28 billion during the week ended December 27, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by $8.48 billion to $644.39 billion.
At the Gaddafi Stadium in Lahore, the seating capacity has been increased with the addition of new chairs. Additionally, 480 modern LED lights have been installed to improve broadcast quality.
The meltdown in Dalal Street that wiped out investor wealth to the tune of 44 trillion in 2025 also seems to be having a ripple effect on the country's vibrant automobile retail sales.
Gripped with fear as an investor following a 12 per cent market fall? Here's Radhika Gupta's advice to investors.
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