Equity benchmark Sensex surged over 1,300 points on Monday to reclaim the 60,000-level, boosted by intense buying in banking and financial stocks after the announcement of merger between HDFC and HDFC Bank. Strong global cues and receding crude oil prices also propped up the domestic equity markets, according to traders. Shares of HDFC and HDFC Bank rallied nearly 10 per cent as investors lapped up the merger deal.
Shakib Al Hassan became the second bowler to take 100 T20 wickets, after Sri Lanka's Lasith Malinga, as Bangladesh defended 112-8 by bowling Australia out for 62 in 13.4 overs, the tourists lowest Twenty20 score.
Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.
IMAGES from the T20 World Cup match played between Pakistan and Bangladesh in Adelaide on Sunday.
Ram Gopal Varma is 60 today, April 7. Subhash K Jha plots the once brilliant film-maker's declining movies graph.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
A total of 69.96 per cent of 28.13 lakh voters exercised their franchise in the Tripura assembly elections till 3 pm on Thursday, amid sporadic incidents of violence, Chief Electoral Officer (CEO) Gitte Kirankumar Dinakarrao said.
Pramod Bhagat secured two golds to lead the Indian badminton team's medal rush at the Bahrain Para Badminton International
Leading historian Irfan Habib said the country's academic community is shocked at the manner in which the Modi government is "trampling upon" academic institutions.
Dominic Xavier wants Prime Minister Modi to know that India needs Oxygen NOW! and can't wait for hospitals to be set up.
The department of legal affairs has asked the commission, a recommendatory body, to submit a report on the issue that has always been dear to BJP and the Sangh Parivar.
The Enforcement Directorate on Thursday carried out raids at the office of Young Indian and questioned Congress leader Mallikarjun Kharge for more than seven hours as part of an ongoing money laundering probe linked to the National Herald case, officials said.
A summary of the Ranji Trophy matches played on Wednesday.
The Jharkhand Mukti Morcha leader had asked the ED to advance the date of appearance to November 16, which has not been agreed to by the agency, they said.
Baldev Sharma, the former editor of Panchajanya, has been appointed as the new chairman.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
The case has been handed over to the state CID from Baguiati police station under Bidhannagar police commissionerate, the official said.
Besides the four ministerial berths, the Congress has also sought the post of Speaker of the state assembly, but Kumar is not keen on giving that, sources said.
Annapurna Devi, Subhas Sarkar and Rajkumar Ranjan Singh will be the new ministers of state for education.
HDFC was the top laggard in the Sensex pack, shedding over 3 per cent, followed by Infosys, L&T, Kotak Bank, Bajaj Finserv and Tech Mahindra.
Dominic Xavier is puzzled by the government's reluctance to take on the Chinese unless the Modi Sarkar believes that in its interactions with Xi Jinping's Communist junta in Beijing, discretion offers better possibilities of resolution.
Images from the T20 World Cup Super 12 match between Bangladesh and Zimbabwe, in Brisbane, on Sunday.
GST implementation could happen in September itself, with the next meeting of the Union Cabinet likely to take up the matter.
Referring to socialist leader Jayaprakash Narayan, Sinha appealed for a lokshakti movement which will keep a check on raj-satta (government).
L Murugan, 44, is the only newly-sworn minister who is not a member of Rajya Sabha or Lok Sabha.
West Bengal Chief Minister Mamata Banerjee on Monday called for movement against Narendra Modi government at the Centre in view of rising prices and said the Bharatiya Janata Party would not be able to emerge a major political force in the Trinamool Congress-ruled state.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
As per practice a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.
Investors' wealth on Tuesday jumped by over Rs 2.51 lakh crore, in tandem with a sharp recovery in equities after four days of heavy declines. The 30-share BSE Sensex opened on a weak note and tumbled 581.93 points or 1.10 per cent to 52,260.82 during the day amid firming oil prices and relentless selling by foreign institutional investors. Amid bouts of volatility, the benchmark touched a high of 53,484.26 and a low of 52,260.82 during the trade. It finally settled at 53,424.09, higher by 581.34 points or 1.10 per cent.
Union Minister Prakash Javadekar on Monday said the Narendra Modi government believes in the mantra 'delay is out, decision is in', and asserted that the job of the government is not to create roadblocks but to give impetus to entrepreneurship and industry.
Benchmark equity indices Sensex and Nifty on Tuesday spurted by over 2.5 per cent to log their best single-day gains in three months, propelled by heavy buying in metal, energy and banking stocks amid a global rally in stocks. The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing with gains. During the day, it jumped 1,425.58 points or 2.69 per cent to 54,399.42. The broader NSE Nifty rallied 417 points or 2.63 per cent to finish at 16,259.30 points.
The focus is likely to be on consolidation and improvement of existing rural-centric programmes to ensure their completion ahead of the next general elections in 2019, rather than announcement of new schemes. Sanjeeb Mukherjee and Arup Roychoudhury report.
Prime Minister Narendra Modi assumed office on Tuesday, a day after being sworn-in by President Pranab Mukherjee.
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
As the BJP government comes into power, we wonder if some of these practices will slowly but surely be banned?
IndusInd Bank was the top gainer in the Sensex pack, jumping nearly 5 per cent, followed by Bharti Airtel, HCL Tech, Reliance Industries, Titan and Asian Paints.
Even as India gears up for election results on May 16, a group of senior Bharatiya Janata Party leaders have taken up an informal initiative to see how a 'Modi ministry' will look like, in case the party forms the government at the Centre.
YSR Congress chief Jagan Mohan Reddy has written to leaders of various parties seeking their support for the motion.
She now hopes that she is not quarantined for two weeks in New Delhi upon returning and seeks the West Bengal government's help to arrange for her return to Siliguri.
HDFC was the top gainer in the Sensex pack, climbing nearly 4 per cent, followed by PowerGrid, Sun Pharma, Tata Steel, Tech Mahindra and Bajaj Finserv. NSE Nifty surged 234.75 points to 17,401.65.
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