the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.
The growth rate in the production of eight key sectors slowed down to a 20-month low of 0.1 per cent in October on account of contraction in the output of crude oil, natural gas, refinery products, and cement, according to the official data released on Wednesday. In October last year, these sectors expanded by 8.7 per cent. In September this year, the core sectors' output growth stood at 7.8 per cent.
Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from the country's robust growth outlook and still-resilient external finances. It said India's robust medium-term growth outlook is a key supporting factor for the rating. A clear improvement in corporate and bank balance sheets, which were under strain prior to the pandemic, is likely to facilitate a steady acceleration in investment in the coming years.
Younger investors with long investment horizons may continue their SIPs.
Former Pakistan spinner Danish Kaneria has criticized Babar Azam for focusing on personal milestones over team success, expressing concerns about Pakistan's preparations ahead of their crucial Champions Trophy clash against India. He believes Pakistan's recent struggles, including a disappointing Tri-Nation Series campaign and a 1-1 draw against the West Indies in a home Test series, point to a lack of readiness for the India encounter.
Who do you think should be part of India's playing XI against Pakistan on Sunday?
Mumbai Indians captain Rohit Sharma was fined $20,000 for his team's slow over-rate during the IPL final against Chennai Super Kings on Sunday.
HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.
Novice investors must understand that volatility is an inherent part of equity markets and learn to navigate through such phases.
Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.
Paraphrasing Abraham Lincoln, Finance Minister Nirmala Sitharaman on Sunday described the Union Budget as "by the people, for the people, of the people", and said Prime Minister Narendra Modi was fully behind the idea to cut taxes for the middle class but it took time to convince the bureaucrats. "We have heard the voice of the middle class" who had been complaining about their aspirations not being met despite being honest taxpayers, she told PTI in an interview.
Outgoing Reserve Bank Governor Shaktikanta Das said on Tuesday that restoring inflation-growth balance is the most important task ahead of the central bank. Addressing a press conference on his last day as the central bank chief, Das said his successor will have to navigate the changing world order, effectively deal with cyber threats, and focus on harnessing new technologies.
Yadav said the team had Shivlal Yadav warned by match referee Mike Proctor to get a move on.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
In 2023, the number of kindergartens fell by 14,808 to 274,400, the annual report by the Chinese education ministry stated. It is the second consecutive annual decline in the latest indicator of China's falling birth rates.
As if losing the Test series against India was not enough, England's cricket team was on Wednesday fined five per cent of its match fee while skipper Kevin Pietersen was docked 10 per cent of his earnings for maintaining a slow over-rate during the first match in Chennai.
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
As if the 140-run pounding was not bad enough, Pakistan captain Shoaib Malik was on Wednesday fined 20 per cent of his match fee, and his teammates docked 10 per cent for slow over-rate against India in the ongoing tri-series. ICC Match Referee Jeff Crowe imposed the fine after Pakistan were found two overs short of its target when time allowances were taken into consideration.
West Indies have been fined for slow over rate for the second consecutive game after the drawn second Test against Australia.
Following Team India's failure in maintaining the required over-rate in the second Test in Bridgetown, Barbados, a one Test ban looms large over skipper MS Dhoni.
Australian cricket captain George Bailey was fined 20 per cent of his match fee, while his teammates were docked 10 per cent of their earnings for maintaining a slow over-rate during their ICC Champions Trophy opener against England in Birmingham.
Sri Lanka has been fined for maintaining a slow over-rate during its 38-run defeat against New Zealand in the ICC Champions Trophy match at the Wanderers.
Punjab Kings batter Shashank Singh is preparing for the upcoming IPL season with a focus on countering the 'familiarity factor' and improving his game.
South Africa captain Graeme Smith was fined 20 per cent while his teammates were docked 10 per cent match fees after the visitors were found guilty of slow over-rate in their first Test match against India.
India batter Tilak Varma on Friday achieved a historic feat during the fourth and final match against South Africa in Johannesburg.
Scotland has been fined for maintaining a slow over-rate during their Pool A match against Afghanistan in their ICC Cricket World Cup match at Dunedin in New Zealand.
Economists at the country's largest lender SBI on Wednesday said they see Q2 real GDP growth slowing down further to 6.5 per cent in the September quarter of this fiscal year. Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said they expect FY25 growth to come "closer to" 7 per cent. It can be noted that the April-June period saw the real GDP expanding by 6.7 per cent, the lowest in 15 quarters.
India on Friday made a strong pitch for a sovereign rating upgrade with Moody's and also questioned the parameters based on which the US-based agency accords ratings, sources said on Friday. Ahead of its annual review of the sovereign rating, Moody's Investors Service representatives met Indian government officials during which the officials highlighted the reforms and strong fundamentals of the Indian economy. A higher rating for India would mean the nation is less riskier, translating into lower interest rates on borrowings.
Match Referee Talat Ali of Pakistan fined the Knight Riders USD 1,000 for slow over rate in the match which they won beating Hyderabad Deccan Chargers at the Rajiv Gandhi Stadium by 23 runs.
A careful reading of the national income accounts suggests that after a strong recovery from the pandemic, there has been a significant ebbing of dynamism over the last three quarters to more modest levels recently, note Arvind Subramanian and Josh Felman.
England captain Michael Vaughan has been fined 40 percent of his match fee for his side's slow over rate in the drawn third Test against Sri Lanka, the International Cricket Council (ICC) said on Monday.
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday
On a night packed with drama, milestones, and momentum swings, five batters rose above the rest to set Eden Gardens alight.
Mumbai Indians captain Rohit Sharma has been fined after his team maintained a slow over rate during their Indian Premier League match against Sunrisers Hyderabad.
England skipper Paul Collingwood was fined 50 per cent of his match fee after.
India's pace talisman Jasprit Bumrah's absence will certainly hurt India, but the team's quality batting and spin bowling make them title contenders alongside South Africa and Pakistan in the Champions Trophy.
West Indies captain Darren Sammy has been fined 80 percent of his match fee for his team's slow over rate during their five-wicket defeat by England in the first Test at Lord's, the International Cricket Council (ICC) said on Monday.
Images from the Women's T20 World Cup match between India and Sri Lanka in Dubai on Wednesday.
Taking exception to Manjrekar's post that Bengal had taken over four hours to bowl the quota of 50 overs, Tiwary listed out reasons for the delay
'We have seen something do very well when the times are good but maybe not as well when the times are bad.'
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