The main contest is between the BJP, which has ruled the six corporations for last several terms, and the main opposition Congress.
Smaller stocks continue to shine at the bourses. The BSE MidCap index is up 18 per cent since the beginning of January this year against a 5 per cent rise in the Sensex during the period. With the current rally, the mid-cap index has doubled in value since the end of March 2020 against a 70 per cent rally in the Sensex during the period. On Tuesday, the mid-cap index closed at 21,232, as compared to 17,941 at the end of December 2020. In the same period, the benchmark index moved from 47,751 to 50,193.
India has recorded more than 4 lakh daily COVID-19 recoveries in a single day for the first time, while new coronavirus infections settled below 3 lakh for the second day, the Union health ministry said.
Blackstone on Monday said funds managed by the private equity firm will acquire a majority stake in IT firm Mphasis Ltd, triggering an open offer for acquisition of up to 26 per cent stake for about Rs 8,262 crore. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments (Office of the Chief Investment Officer of The Regents, University of California) and others will co-invest along with Blackstone, a statement said. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16 per cent premium to 12-month average price and 3-6 per cent discount to 6-month average price) and the purchase consideration will vary between Rs 15,200 crore to Rs 21,000 crore (approximately$2-2.8 billion), the statement said.
Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
According to the Graded Response Action Plan (GRAP), the air quality is considered to be in the emergency category if the PM2.5 and PM10 levels continue to be above 300 micrograms per cubic metre and 500 micrograms per cubic metre respectively for 48 hours or more.
India's COVID-19 fatality rate has dropped significantly to 2.43 per cent from 3.36 per cent on June 17 due to effective clinical management of coronavirus cases, the health ministry and asserted that the country has handled the pandemic 'relatively well'.
The government on Wednesday said that the power generation capacity addition in the XI five-year plan, ending 2012, would be about 74,000 MW, close to the original target of 78,577 MW.
The board has decided to appoint Sandeep Bakhshi as managing director and chief executive officer. His appointment will be for a period of five years until October 3, 2023, subject to various approvals.
Lesser known cricketers who could make waves at the IPL auction.
Deswal shot 238.8 to comfortably finish on top of the podium in the eight-women final while Bhaker managed 236.7 to settle for the silver medal.
Kohli heaped praise on his Royal Challengers Bangalore teammate and congratulated him on his illustrious career.
The government on Thursday revised its target of power capacity addition to 90,000 MW in the 11th Five-Year Plan (2007-12), up by 11,423 MW from the earlier estimate of 78,577 MW, in order to meet the growing demand of electricity in the country.
IT services major Infosys has said wife of one of its co-founder Nandan Nilekani, Rohini Nilekani has raised about Rs 163.58 crore by selling 5.77 lakh of her shares of the company for philanthropic work.
Wang Xinghuan, the head of the Wuhan Leishenshan (Thunder God Mountain) Hospital, advocated the use of facial masks specially in cities like New York which are experience a higher rate of cases and casualties of coronavirus.
Deepak Kumar and Divyansh Singh Panwar finished a lowly 26th and 32nd respectively in the men's 10 metres Air Rifle event of the Tokyo Olympics on Sunday
Tendulkar has the most runs in the longest format of the game, with 15,921 runs. Along the way, Tendulkar scored 51 Test centuries, most by any player.
Technology stocks rallied, with the IT index up 2.45 per cent as TCS, Infosys, Wipro and HCL Technologies spurted following favourable rupee movement.
Former South African skipper AB de Villiers is all set to take part in the upcoming Mzansi Super League.
Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million.
'Kindly advise about the following stocks. Can I hold or exit?'
Audi says 2.1 million cars affected by diesel emission scandal.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
For fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71 lakh crore.
India has slammed Pakistan for its decision to hold elections in Gilgit-Baltistan and said any action to alter the status of the militarily-occupied region has no legal basis.
Bushfires across Australia's most populated state of New South Wales have killed six people and ravaged more than 250,000 acres of land. States of emergency have been declared in Queensland and New South Wales as arid weather and strong winds continue to create catastrophic fire conditions, which according to New South Wales state emergency services minister David Elliott "could be the most dangerous bushfire week this nation has ever seen." These pictures capture the dramatic scenes.
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
Chidambaram hit out at former Bharatiya Janata Party Finance Minister Yashwant Sinha, saying he was a 'distant memory' for the people of India.
Total sale of vehicles across categories registered a growth of 13.22 per cent to 16,98,138 units in May 2014 as against 14,99,893 units in the same month a year ago, it added.
Kallis is the latest high-profile name to be inducted in South Africa's coaching set-up after Mark Boucher's appointment as head coach
Software firm Mastek on Monday posted a 114.90 per cent increase in net profit at Rs 12.4 crore (Rs 124 million) for the quarter ended March 31, 2005 compared to Rs 5.77 crore (Rs 57.7 million) in the same quarter in 2003-04.
Manu won the women's 10m Air Pistol on day three of competition while Saurabh bagged a team gold in the men's event.
Philanthropist and writer Rohini Nilekani has invested across sectors such as education, environment and sanitation.
The 22-year-old former junior world champion recorded 236.7 in the eight-women final of the season's fourth World Cup for pistol and rifle shooters.
Brazil forward Neymar has been ruled out of the Copa America after suffering a serious ankle injury in a 2-0 friendly win over Qatar.
Investors turned cautious after India's trade deficit widened to a more than three-and-a-half-year high of $16.6 billion due to costlier crude oil imports
Former South African cricketer AB de Villiers, who will be returning to the field for the upcoming edition of the Mzansi Super League, has expressed excitement over his comeback.
Weakness seen in software shares, auto stocks gain on good sales growth.
Union Home Minister Amit Shah spoke to Chief Minister Uddhav Thackeray through video conference and took stock of the state's preparedness to tackle any eventuality, the latter's office said. 10 units of the National Disaster Response Force (NDRF) have been deployed in vulnerable districts, while six others have been kept on a stand-by, officials said.
Of the 147 deaths reported since Saturday morning, 60 were in Maharashtra, 27 in Gujarat, 23 in Delhi, nine in Madhya Pradesh, seven in Rajasthan, five in Tamil Nadu, four each in West Bengal and Telangana, three in Uttar Pradesh, and one each in Andhra Pradesh, Jammu and Kashmir, Karnataka, Uttarakhand and Jharkhand.
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