The growth of eight key infrastructure sectors slowed down to a 4-month low of 8.1 per cent in September 2023 against 8.3 per cent a year ago, according to the official data released on Tuesday. The growth rate in the output of refinery products, fertiliser, cement and electricity during the month under review has decelerated, while it was negative in the case of crude oil. The previous low was in May, when the growth rate of these sectors stood at 5.2 per cent.
Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
A 25 per cent year-on-year (Y-o-Y) increase in budget allocation towards the roads sector for FY24 has led to renewed interest among investors. However, a combination of escalating costs for Bharatmala and unseasonal rains to some extent have impacted progress. Bharatmala's cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the finance ministry has asked MoRTH to go slow until Cabinet approval is received.
Chahal is now the first player in IPL history to take a hat-trick against CSK.
The Indian cricket team was fined for slow over-rate for the third successive match after it was four overs short of the target in the opening One Day International against New Zealand, in Hamilton, on Wednesday.
India have been fined 40 per cent of their match fee for maintaining a slow over-rate against South Africa in the third ODI in Cape Town, the ICC said on Monday.
IT attrition rate is expected to be around 12% to 13% this year.
An upright police officer fighting wrongdoing is something we have seen umpteen times before, but Khakee: The Bengal Chapter holds our interest, thanks to a layered and complex story with a dozen of well-detailed characters, observes Mayur Sanap.
South Africa have been fined 20 per cent of their match fee for maintaining a slow over-rate against India in the second ODI in Paarl, the ICC said on Saturday.
Unbeaten so far in the tournament, a dominant India will start as overwhelming favourites to win their second consecutive women's Under-19 T20 World Cup crown when they take on also-undefeated South Africa in the final in Kuala Lumpur on Sunday.
The upcoming edition of the Indian Premier League (IPL) is likely to see bowlers playing a crucial role in the success of teams.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices, they added.
Shreyas Iyer's ability to negotiate spin bowling effectively makes him a crucial asset for India in the ICC Champions Trophy.
'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.'
The pitch at the Narendra Modi Stadium in Ahmedabad which hosted the ODI World Cup final between India and Australia on November 19 has been rated "average" by the International Cricket Council (ICC).
The recent price correction in broader markets has hit cement companies hard. So far in the current month, smallcap firms like Visaka Industries, Andhra Cements NCL Industries, Sahyadri Industries, and KCP have lost 19.7 per cent, 14.3 per cent, 13.8 per cent, 13.5 per cent, and 11.5 per cent, respectively. On the contrary, largecap companies, while registering losses for the month, have seen a softer blow.
Prasidh Krishna has emerged as a key weapon for Gujarat Titans -- especially in the middle overs, where his extra pace and bounce have rattled batters.
Mumbai Indians have been penalised for a slow over rate during their Indian Premier League eliminator against Chennai Super Kings at the M Chinnaswamy Stadium in Bangalore.
Pune Warriors India captain Sourav Ganguly has been fined after the team maintained a slow over rate in their match against Deccan Chargers, in Cuttack on Tuesday.
Deccan Chargers captain Kumar Sangakkara has been fined $20,000 for his teams slow over rate during last night's IPL match against Pune Warriors.
The December meeting of the Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends next week. The outcome of the meeting will be announced on Friday by Das at 10 in the morning.
From the 30-share blue-chip pack, Adani Ports, UltraTech Cement, Larsen & Toubro, Sun Pharma, HDFC Bank, ICICI Bank, NTPC and State Bank of India were the major laggards. Tata Consultancy Services, Reliance Industries, ITC, Asian Paints, HCL Tech and Maruti were among the gainers.
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers. The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.
ICC elite panel match referee Javagal Srinath imposed the sanction after Eoin Morgan's side was ruled to be one over short of the target after time allowances were taken into consideration at the Narendra Modi stadium.
Noor Ahmad excelled on his Chennai Super Kings debut before Rachin Ravindra and Ruturaj Gaikwad stuck sublime half-centuries to set up a four-wicket win over Mumbai Indians.
The IPL champion's captain Rohit Sharma was fined $ 1,500, while his teammates were docked $ 750 each for maintaining a slow over-rate during their Champions League Twenty20 match against the Rajasthan Royals on Saturday night in Jaipur.
From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.
The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
Chennai Super Kings will lean on their formidable spin strength under favourable conditions at the Chepauk as well as recent record against Mumbai Indians sans Jasprit Bumrah and Hardik Pandya, when the two sides face each other in their Indian Premier League campaign opener in Chennai on Sunday.
Bada Naam Karenge is a sweet, simple love story sprinkled with family drama and entertainment, something that has been missing from the OTT space for a while, feels Namrata Thakker.
A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. "Let me first go, join, understand the turf ... Here it is a different role," Malhotra said, speaking to reporters in front of North Block.
Rahul, who has played most of his cricket in formative years at the Chinnaswamy Stadium, said, "From the position we were in, we were chasing 210-plus and we knew we had to go hard and attack. But, sometimes, when you do that, you lose wickets. Unbelievable, I mean it's the Chinnaswamy. I've grown up here and I think it's the stadium with most last-ball finishes.
Australia were fined for a slow over-rate during their 18-run victory over India in the tri-series one-day international in Sydney.
India captain Mahendra Singh Dhoni escaped a one-match ban after his team managed to comply with the required over-rate in the Lord's Test.
Who do you think should be part of India's playing for the third T20I against England on Tuesday?
There's not any effort -- not even a smidgen -- to resurrect a superstar on the wane in Sikandar, sighs Sukanya Verma.
India have been fined 40 per cent of their match fee and penalised two ICC World Test Championship points for maintaining a slow over-rate against England in the rescheduled fifth Test in Birmingham.
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